Gummed Tapes Market: Trends, Analysis, and Forecast

Gummed tapes, also known as water-activated tapes, are a type of adhesive tape that is activated by water. The tape consists of a paper or fiberglass backing and a water-activated adhesive that becomes sticky when moistened. Gummed tapes are commonly used in packaging and shipping applications, where they provide a secure and durable seal for boxes and other containers. Market growth for gummed tapes is anticipated to occur at a 6.2% CAGR during the assessment period (2021-2031).

The packaging industry is the largest end-use segment for gummed tapes market, accounting for a significant share of the market. Gummed tapes are commonly used in the packaging of fragile or valuable items that require added security and protection during shipping. The tapes are also used for sealing corrugated boxes, paperboard cartons, and other packaging materials.

Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2821

The e-commerce industry is a significant driver of the gummed tapes market, as online retailers require secure and reliable packaging solutions for shipping products to customers. The increasing popularity of online shopping and the growing trend towards sustainable and eco-friendly packaging materials are expected to drive the growth of the gummed tapes market in the coming years.

The construction industry is another significant end-use segment for gummed tapes. The tapes are used for various applications in construction, including masking, painting, and splicing of building materials such as wood, metal, and plastic. The tapes are also used for sealing and waterproofing joints and seams in construction materials.

The global gummed tapes market is segmented based on adhesive type, backing material, end-use industry, and region. Based on adhesive type, the market is segmented into starch-based and synthetic-based gummed tapes. Starch-based gummed tapes are the most commonly used tapes due to their biodegradability and eco-friendliness. Synthetic-based gummed tapes are used in applications where high strength and durability are required.

Based on backing material, the market is segmented into paper and fiberglass. Paper backing is the most commonly used backing material due to its low cost and eco-friendliness. Fiberglass backing is used in applications where high strength and tear resistance are required.

Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2821

Based on end-use industry, the market is segmented into packaging, construction, automotive, electrical and electronics, and others. The packaging industry is the largest end-use segment, followed by construction and automotive. The electrical and electronics industry is also expected to witness significant growth due to the increasing demand for gummed tapes for insulation and protection of electronic components.

Geographically, the global gummed tapes market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific is the largest market for gummed tapes due to the presence of major manufacturing facilities in China, Japan, and India. The region is also witnessing significant growth due to the increasing demand for packaging and shipping materials in emerging economies such as China and India. North America and Europe are also significant markets due to the presence of major end-use industries in these regions.

In conclusion, the global gummed tapes market is growing rapidly due to the increasing demand for secure and eco-friendly packaging solutions in various industries, including packaging, construction, and automotive. The market is expected to continue to grow in the coming years due to the development of new and innovative tapes that offer improved strength, durability, and other properties. The increasing demand for sustainable and eco-friendly packaging materials and the growing trend towards online shopping are also expected to drive the growth of the market.

Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2821

Competitive Landscape

Key manufacturers operating in gummed tapes market are focusing on increasing their production capacity. They are also increasing research & development activities to meet the increasing demand from food & beverages, shipping & logistics, automobiles, and building & construction industries.

FMI opines, tier-1 players are adopting inorganic expansion strategies such as acquisition of small or local players and thereby expanding the product portfolio. Meanwhile, the other market players are improving their product portfolio to cater to the growing demand for sustainable gummed tapes.

For instance,

  • In September 2021, Ajit Industries Private Limited (AIPL) announced the launch of new range of tapes which are made from biodegradable and recyclable materials. The product range includes self-adhesive tapes, water-activated kraft paper tapes, etc.

In June 2020, Irplast developed a removable gummed pvc-free tape as floor tape, in covid-19 emergency, which is a removable floor-applied warning tape and designed to delimit specific areas to guarantee social distancing.

Key Players:

  • 3M Company
  • Intertape Polymer Group Inc.
  • Shurtape Technologies LLC
  • Holland Manufacturing Co., Inc.
  • Loytape Industries Sdn Bhd
  • Papertec, Inc.
  • LPS Industries, LLC.
  • LPS Industries, LLC.

Gummed Tapes Market by Category

By Backing Material:

  • Paper Gummed Tapes
  • Fiber Reinforced Gummed Tapes

By Product Type:

  • White Gummed Tapes
  • Brown Gummed Tapes

By Adhesive Type:

  • Starch Adhesives
  • Other Adhesives

By Application:

  • Box & Carton Sealing
  • Splicing
  • Others

By End Use:

  • Shipping & Logistics
  • Building & Construction
  • Food & Beverages
  • Electrical & Electronics
  • Automotive
  • Healthcare & Hygiene
  • Metalworking
  • Oil & Gas
  • General Industries
  • Consumer Goods

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

Future Market Insights Inc.

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com   

Browse all Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these