The pouch tapes market is poised to reach a valuation of US$ 979.25 million in 2023, projected to grow substantially to US$ 1241.35 million by 2033, with a calculated Compound Annual Growth Rate (CAGR) of 2.4% from 2022 to 2032. This growth trajectory is expected to outperform historical data due to a surge in demand from emerging end-user verticals. Pouch tapes, a variant of pressure-sensitive tapes, play a pivotal role in attaching documents, invoices, literature, and samples to packages, fueling their demand in the forecast period.
Pouch tapes have garnered popularity for their adhesive properties, offering secure attachment without damaging enclosed items. They find extensive use in shipping, logistics, and other industries, aiding in preserving properties like moisture and abrasion resistance. The market is anticipated to expand its share owing to their robust adhesive properties, which prevent rubbing off and maintain the legibility of barcodes, minimizing the chances of lost or delayed packages. Additionally, the incorporation of see-through windows in pouch tapes for effortless document identification adds to their value, making them appealing for marketing purposes. As such, the global pouch tapes market is projected to exhibit positive growth over the forecast period.
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Key Takeaways
- Chinese Market: With a commanding 25.0% of the worldwide market, China is in the lead. Its strong industrial capabilities and economy have made it a major participant across a number of industries, driving up demand for goods and services, including those that rely on pouch tapes for packaging.
- Strong global presence of the United States: The country claims a significant 20.0% market share. The region’s steady need for pouch tapes is a result of the country’s numerous industries as a worldwide economic powerhouse, spanning from e-commerce to logistics.
- Germany has a sizable 10.0% market share, which is indicative of the nation’s modern industrial landscape and emphasis on production and shipping efficiency. Pouches tapes have a strong market thanks to its nation’s steady economy and dedication to innovation.
- Japan’s Consistent Growth: Japan has a commendable 7.5% market share. Even though the industry is established, the nation’s commitment to technological development and high-quality production guarantees a consistent need for pouch tapes across a range of applications.
- India’s Emerging Potential: India shows off its growing influence in the global market with a 5.0% stake. India’s booming middle class and industrial sectors, one of the fastest-growing economies in the world, are encouraging the use of pouch tapes for effective packaging solutions. It’s an intriguing market to monitor because of its potential for future growth.
Pouch Tapes Market: Market Introduction
The global adhesive tapes market is worth over 40 Bn and is expected to expand at a CAGR of over 4.5% over the forecast period resulting in the growth of pouch tapes market. Pouch tapes are types of pressure sensitive tapes used for attaching documents, literature and samples to packages. Pouch tapes have high tacking property and are used for attaching documents in shipping and logistics, e-commerce, and others.
Due to these, there has been a growing preference for pouch tapes. Pouch tapes have barrier properties such as moisture resistant, abrasion resistant etc. Pouch tapes have high tacking property which prevents rubbing off, to reduce the chance of lost or delayed packages and also invoices and bar codes from becoming scuffed and non-legible.
Pouch tapes provide a see-through window for easy document identification. Therefore, the outlook for the global pouch tapes market growth is expected to be positive, over the forecast period.
Pouch Tapes Market: Market Dynamics
Shipping and logistics sector is expected to grow on the backdrop of e-commerce growth, resulting in the increase in market share of pouch tapes. The key features leading to the demand for pouch tapes is high resistance to moisture and abrasion, which can be used in adverse climatic conditions, keeping the inside documents safe.
Pouch tapes have tacky borders, resulting in strong adhesion for attaching and protecting shipping documents, packing lists, information and work instructions etc. Furthermore, strong adhesives prevents rubbing off the pouch tapes, thus reducing the chance of lost or delaying of packages.
The non-tacky center part provides a see-through window for easy document identification resulting in propelled market share of pouch tapes. Pouch tapes are linerless, reducing the waste disposal, thus resulting in reduced carbon emission. Pouch tapes offers less material usage which reduces the transportation and storage cost accentuating the market share of pouch tapes.
Pouch tapes are easy to use, reduced price, and exhibit good performance in various applications such as attaching and protecting shipping documents, attaching invoices, product samples etc. Pouch tapes are light in weight as it does not increases the overall weight of the products to be shipped, thus reducing the transportation cost. Pouch Tapes provide a quick, simple and secure method of attaching documents to shipping containers fuels the growth of the pouch tapes market.
Despite the favorable condition towards the growth of pouch tapes market, there are certain factors that hinders the pouch tapes market is the stringent government regulations towards the use of plastics. Moreover, substitute products such as document pouches can hamper the growth of pouch tapes market.
Key Players
Some of the key players in the field of pouch tapes market are 3M, Irplast S.p.A., Lynx Polythene Ltd., and Flexopack Ltd., among together.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industries.
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Key Segments:
By Material Type:
- Polypropylene
- Polyethylene
- LDPE
- HDPE
By Width:
- Less than 5”
- 5” to 6”
- Above 6”
By End User:
- Shipping and Logistics
- Food and Beverages
- E-Commerce
- Warehouse Shipping
- Commercial
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Key Developments
- Pouch Tapes Benefit from the Fourth Industrial Revolution: The need for premium pouch tapes that can withstand the demands of automated packaging systems has increased due to the growing adoption of automation and Industry 4.0 technologies across a variety of industries. In automated procedures, pouch tapes prove to be the perfect sealing solution, increasing efficiency and dependability.
- Growing Emerging Markets: The demand for packaged goods and effective packaging solutions like pouch tapes is increasing as disposable income in emerging countries rises and the middle class expands. The pouch tapes market is growing as a result of manufacturers’ interest in these developing areas as possible growth prospects.
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