The mature tape dispenser market in the United States is expected to reach a value of US$ 719.5 million in 2023, sustained by a robust economy and substantial demand for office and commercial supplies. Tape dispensers find extensive use in various applications within these sectors, contributing to the industry’s significance despite slower growth compared to emerging markets.
The global tape dispenser market is poised for impressive growth, with an estimated CAGR of 4.4% from 2023 to 2033, projecting a valuation of US$ 7,926.82 million by 2033. Several factors are propelling this industry forward, including the increasing demand for eco-friendly and sustainable tape dispensers made from recyclable materials. As the packaging industry embraces automation, automatic tape dispensers are witnessing heightened demand.
The surge in e-commerce operations is driving the need for efficient packaging solutions, further boosting the sales of packing tape dispensers. Additionally, the popularity of DIY projects and home renovations is opening up new avenues for growth, especially in the masking tape dispenser and double-sided tape dispenser segments.
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The tape dispenser industry is undergoing a transformative phase, with innovative solutions enhancing tape dispensing efficiency. Smart tape dispensers, utilizing artificial intelligence (AI) and machine learning, are adjusting tape lengths based on package sizes, reducing waste, and streamlining the packaging process.
Another groundbreaking innovation is the voice-activated tape dispenser, allowing users to dispense tape through voice commands. This innovation enhances accessibility and user-friendliness, benefiting individuals with limited mobility or dexterity. These advancements signify the industry’s commitment to meeting evolving consumer needs while promoting sustainability and efficiency.
A few factors influencing the tape dispenser industry’s expansion include:
- Manufacturers are creating new tape dispensers comprised of recyclable materials in response to rising consumer demand for environmentally friendly and sustainable products.
- Automatic tape dispenser sales are increasing as a result of the packaging industry’s increased need for automation.
- The need for packing tape dispensers is increasing as e-commerce develops and there is a greater need for effective packaging solutions.
- The need for double-sided tape dispensers and masking tape dispensers is growing due to the growing popularity of DIY projects and home improvement projects, opening up new market opportunities.
How has COVID-19 impacted the Tape Dispenser Market?
COVID-19 is calling for protective and hygienic packaging solutions. To ensure maximum product safety, end-users are opting for automatic tape dispensers, so that minimum human and product contact could be maintained during packaging activities amid COVID-19. Therefore, the global tapes dispenser market is expected to clock a CAGR of nearly 4% during next ten years, amid COVID-19.
On the flip side, frequent lockdowns and scarcity of raw material reduced the profit margins of the key players in 2020-21. Besides, less-efficient transport facilities reduced further gain in the international tape dispenser market. Therefore, the market growth witnessed a negative growth of 0.2% in 2020-2021. However, with the strategic planning of the manufacturers in collaboration with government authorities, this market is expected to register peak y-o-y of 5.3% in the next ten years.
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Competitive Landscape
The Tape Dispenser market holds the distinction of being driven by tier-3 players. They hold more than 75% of the market share. Everything, right from product launches, acquisitions, and collaborations is being tried out. AI is also being tried out.
- 3M Company does market Scotch and Tartan Manual Tape Dispensers. These hand-held dispensers come in HR933, H150, and HR80 versions. The advantages offered by these devices are being lightweight and proper pistol-grip, along with retractable blades and pressure bars for reducing noise.
- Intertape Polymer Group Inc. has its Smart Tape solution that adopts the latest security technologies for preventing cargo theft, and product diversion and proliferation.
Key Companies Profiled
- 3M Company
- Tesa SE
- Intertape Polymer Group Inc.
- Fellow Brands
- Shurtape Technologies LLC
- Koziol USA
- START International
- Prisma Pressure Sensitive Products Ltd.
- Spec-Tech (Xiamen) Co. Ltd.
- Aroindia Electromech Pvt. Ltd.
- Excel Factory Inc.
Key Segments:
By Product Type
- Hand Held
- Table Top
- Definite Length Dispenser
- Stretchable Tape Dispenser
By Technology
- Automatic
- Manual
By End-use
- Office & Commercial
- Industrial
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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