The global paper tapes market is poised for significant growth, with projections estimating a valuation of USD 5.6 billion in 2023. The market is anticipated to continue its upward trajectory, accelerating at a compound annual growth rate (CAGR) of 4.6% through 2033, ultimately reaching a valuation of USD 9.0 billion by the end of the forecast period.
The paper tapes market is characterized by its diverse applications, including packaging, masking, consumer use, and stationary purposes. These versatile tapes are particularly valued for their abrasion and tensile strengths, making them essential in the building and construction sectors.
The removability of paper tapes during masking applications is also a critical feature, with painters frequently utilizing them for framing, labeling, and bordering due to their ease of use and hand-tearability.
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A key driver behind the market’s growth is the ability of paper tapes to offer rapid adhesion and high tensile strength, catering to both indoor and outdoor applications. This versatility is particularly evident in the construction industry, where paper tapes are increasingly employed.
Among the different product types, masking tapes are expected to lead the market due to their broad applicability and versatility. The paper tapes industry is projected to generate an absolute dollar opportunity of approximately USD 3.3 billion between 2023 and 2033.
Future Market Insights anticipates a positive growth trajectory for the paper tapes industry over the next decade. The market is expected to witness a rise in sales, creating an incremental opportunity of USD 3.3 billion during the assessment period.
Key Takeaways: Paper Tapes Market
- The global paper tapes market experienced a compound annual growth rate (CAGR) of 4.5% from 2014 to 2022.
- India is anticipated to contribute an additional USD 314.3 million to the market during the forecast period.
- By 2023, the masking tape segment is expected to capture approximately 40.8% of the market share.
- The packaging segment is projected to grow at a CAGR of 4.2% throughout the forecast period.
Competitive Landscape
Players in the worldwide paper tapes market are expanding their supply chains across many regions, since more than half of their sales are focused in North America and Europe. Few major firms are concentrating on sustainable packaging solutions to broaden their product offerings. These corporations are also investing in new manufacturing facilities to expand their product offerings.
For instance,
- In October 2022, Vibac Group S.p.a integrated its production process, allowing control of the entire manufacturing process of paper tapes. The company is constantly investing in paper mills for raw material supply, as well as steady and consistent supply of masking paper.
- In October 2022, FABO s.p.a. launched blue tape for frozen temperature. It is a high-performance industrial packaging tape with water-based acrylic adhesive.
Key Players:
- 3M Company
- Shurtape Technologies LLC
- Tesa SE
- Saint-Gobain Tape Solutions Europe
- Nitto Belgium NV
- Advance Tapes International Ltd.
- Vibac Group S.p.a
- Intertape Polymer Group Inc.
- Berry Global, Inc.
- Folsen Tapes
- FABO s.p.a.
- Scapa Industrial
- Cintas Adhesivas Ubis, S.A.
- MBK Tape Solutions
- NADCO Tapes & Labels, Inc.
- Sicad Group
- PPI Adhesive Products Limited.
- Tape India (SHA KUNDNMAL MISRIMAL)
- Rotogal di Gallio Angelo & C. s.n.c.
- Shanghai Yongguan Adhesive Productions Corp., Ltd
- ADH Tape
Paper Tapes Market Outlook by Category
By Product Type:
- Masking Tape
- Packaging Tape
- Consumer & Stationery Tape
- Pressure Sensitive Tape
By Adhesive Type:
- Rubber Based Adhesive
- Acrylic Based Adhesive
- Silicon Based Adhesive
By Application:
- Masking
- Packaging
- Sealing
- Bundling
- Fixing
- General Use
- Decorating
- Labeling
- Framing
- Tabbing & Splicing
By Feature Type:
- Single Sided
- Double Sided
By End Use:
- Building & Construction
- Automotive
- Retail & Logistics
- Aerospace & Defense
- Healthcare
- Electronics & Electrical
- Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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