Throughout the forecast period, the gummed tapes market is anticipated to expand significantly (2021-2026). Gummed tapes, commonly referred to as water-activated tapes, are sticky tapes used in a variety of packaging applications.
The growing need for these tapes in the packaging sector is one of the key factors driving the gummed tapes market’s expansion. Due to their powerful adhesive qualities, gummed tapes are frequently used in the packaging of food, beverages, and other consumer goods to ensure that the containers stay sealed during transit and storage.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2821
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.
The gummed tapes market is segmented based on type, application, and region. On the basis of type, the market is segmented into paper gummed tapes, polypropylene gummed tapes, and others. Paper gummed tapes are the most widely used type due to their cost-effectiveness and environmental friendliness.
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.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2821
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.
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.
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
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/2821
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