In 2023, the washi tapes market, which is currently valued at US$15.7 billion, is expected to grow at a CAGR of 4.5%. Because to improvements in packaging, the industry is anticipated to grow to $24.3 billion by 2033.
The words “washi” and “shi” both refer to paper and Japan respectively. The term “washi tapes” can refer to any paper-based tape. They stand out thanks to their attractive, ornamental paper masking tape.
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The phrase is used to indicate hand-crafted, conventionally processed paper created using local fibre. Over the past few years, the washi tape market has experienced rapid growth, and this trend is expected to continue into the foreseeable future.
The market for washi tapes has indirectly benefited from the growth of various businesses that has increased demand for infrastructure development and construction sectors with new business solutions.
Washi Tapes Market: Market Dynamics
Due to the construction trends in spread globally, the building and construction sector shows a substantial demand for washi tapes for painting. Though ordinary household tapes are the same on some level, the integrity of the former displays on the lower track.
To place construction outline to a drawing board, when removed later will not damage the drawing. Usually, the strength of washi tapes is decided based on the duration they are placed for.
Painting activities typically require washi tapes that are placed for 7 to 14 days. On the other hand, washi tapes that are used for many days but have less adhesive property. They are suitable for smooth surfaces similar to newly painted walls or wallpapers.
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Washi Tapes Market: Key Players
- Gundo gami
- Awa washi
- Ecchu washi
- Echizen washi
- Ise washi
Washi Tapes Market: Segmentation
raw material:
- Paper
- Foam
- Plastic
adhesive:
- Rubber-based
- Acrylic-based
- Silicon-based
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basis of type:
- Mitsumata
- Gampi
- Paper Mulberry
basis of application:
- Clothing
- Art
- Cuisine
basis of channels:
- Direct consumers
- Distributor
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