The pouch tapes market is on a growth trajectory, with an anticipated valuation of US$ 979.25 million in 2023. Projections indicate that this market will continue to expand, reaching a share of US$ 1241.35 million by 2033, supported by a steady compound annual growth rate (CAGR) of 2.4% during the forecast period from 2022 to 2032. Notably, this anticipated growth rate is higher than historical data, driven by the increasing demand for pouch tapes in various new end-user verticals in recent years.
Pouch tapes, categorized as pressure-sensitive tapes, serve the purpose of attaching documents, invoices, literature, and samples to packages without causing damage to the contents. These tapes are known for their excellent tackiness, making them indispensable in shipping, logistics, and other industries. They provide essential properties such as moisture resistance and abrasion resistance.
Furthermore, pouch tapes feature a see-through window that facilitates easy document identification, making them highly valuable for marketing purposes. As a result, the global pouch tapes market is expected to experience positive growth over the forecast period, meeting the evolving demands of various industries.
Experience the Insights Firsthand: Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-5772
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.
Competitive Landscape
Intense competition exists in the pouch tapes market, which is populated by a large number of small and medium-sized businesses as well as a select number of industry heavyweights. To gain a competitive edge, the leading market participants concentrate on ongoing product development, market research, and the formation of strategic alliances. Innovation is at the forefront as businesses work to meet the constantly changing wants of customers in an environment where there are many firms contending for market share. The top competitors have a strong global presence, numerous manufacturing facilities, a sizable client base, and a well-known brand that works in their favour. It is difficult for smaller firms to compete on price alone because these dominating players may offer competitive prices by utilising economies of scale.
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.
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.
Market Dynamics:
Pouch tapes market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to dominate the market share of pouch tapes over the forecast period owing to increase in shipping and logistics activity in the region.
Western Europe is anticipated to follow North America in terms of growth rate due to mature market. Asia Pacific region is expected to register highest growth rate over the forecast period due to increase of e-commerce sector in the sector resulting in the consumer preference towards online purchasing. MEA region is expected to register slow growth over the forecast period due to stagnant economy.
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 industry.
Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-5772
Pouch Tapes Market: Market Segmentation
On the basis of material type:
- Polypropylene
- Polyethylene
- LDPE
- HDPE
- Others
On the basis of width:
- Less than 5”
- 5” to 6”
- Above 6”
On the basis of end-use:
- Shipping and logistics
- Food and beverages
- E-commerce
- Warehouse shipping
- Commercial
- Others
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.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
