Revolutionizing Fresh Produce Packaging: Micro Perforated Films Market to Reach US$ 2.28 billion by 2033

Throughout the forecast period, the gummed tapes market is anticipated to expand significantly (2021 – 2031). Gummed tapes, commonly referred to as water-activated tapes, are sticky tapes used in a variety of packaging applications.

Market growth for gummed tapes is anticipated to occur at a 6.2% CAGR during the assessment period (2021-2031). According to a recent market prediction for gummed tapes, sales are expected to nearly treble between 2021 and 2031.

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One of the major drivers for the growth of the gummed tapes market is the increasing demand for these tapes in the packaging industry. Gummed tapes are widely used in the packaging of food, beverages, and other consumer goods due to their strong adhesive properties, which ensure that the packages remain sealed during transportation and storage.

Another factor driving market growth is the increasing use of gummed tapes in e-commerce and online retailing. The rise in e-commerce and online retailing has led to an increase in the demand for packaging materials that can ensure the safe and secure delivery of goods. Gummed tapes are well suited for this purpose as they provide a strong seal that cannot be easily tampered with, and are tamper-evident.

On the basis of application, the market is segmented into packaging, construction, and others. The packaging industry is the largest end-user of gummed tapes due to the increasing demand for packaged food and beverages and the rise in e-commerce and online retailing.

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Geographically, the gummed tapes market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the fastest-growing region due to the increasing demand for gummed tapes in the packaging industry in countries such as China and India.

In conclusion, the global gummed tapes market is expected to grow at a significant rate during the forecast period due to the increasing demand for these tapes in the packaging industry and the rise in e-commerce and online retailing. The market is segmented based on type, application, and region, with Asia-Pacific expected to be the fastest-growing region.

Key Takeaways:

• By backing material, the fibre reinforced tape is expected to hold around 90% of the market by 2031.
• Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6% CAGR during the assessment period.
• In terms of adhesives, the starch adhesives is projected to expand by 2x over the next decade.
• Based on application, the splicing segment is poised to expand at a CAGR of 7.5% by 2031, registering year-on-year growth by 8% during 2025-2027.
• By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40% of the market share.
• North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.

 “Increasing need for enhanced product safety and improved package sealing solutions across shipping & logistics, electrical & electronics, and building & construction industries is propelling the demand for gummed tapes. Expansion of aforementioned end-use industries in East Asia is expected to create growth opportunities for market players.” says an FMI analyst.

Competitive Landscape

3M Company, Intertape Polymer Group Inc., Shurtape Technologies LLC, Holland Manufacturing Co., Inc., Loytape Industries Sdn Bhd, Papertec Inc., LPS Industries LLC, Windmill Tapes & Labels Ltd., Neubronner GmbH & Co., KG, Maxfel Srl, Can-Do National Tape, Suzhou Tongxie Adhesive Tape Co., Ibergum S.A., and Waterproof Corporation Pvt. Ltd. are key players operating in the global gummed tapes market.