The global gummed tape market is set for robust growth, with its market size estimated to be worth USD 1,321 million in 2024 and projected to reach USD 1,903.8 million by 2034. According to the latest forecast, sales are expected to increase at a CAGR of 3.7% between 2024 and 2034. In 2023, the market generated USD 1,259.3 million in revenue, and the industry is anticipated to witness a year-on-year growth of 4.9% in 2024.
The demand for fiber-reinforced gummed tape is particularly strong in the construction and automotive sectors, which collectively account for 72.3% of the total market share. This dominance is driven by the tape’s superior properties, including high tensile strength and tear resistance, making it a preferred choice in these industries.
Brown gummed tape is expected to capture over 75% of the total market share and grow at a CAGR of 4.3% in the coming years. Its popularity in the shipping and logistics sector is driven by its professional, rustic appearance, which enhances brand marketing and customer perception. Made from reinforced paper or fiberglass with water-activated adhesives, brown gummed tape offers high strength and durability while being environmentally friendly due to its use of renewable materials like paper.
Dive Deeper into the Data—View the Full Report Here!
In terms of adhesive types, starch adhesive gummed tape dominates the market, holding 89.3% of the total share. Its versatility, ease of use, and non-toxic nature have made it a top choice across various end-use industries. Starch adhesives are also valued for their safety and eco-friendly properties, as they do not emit harmful chemicals or fumes.
Key Takeaways: Gummed Tape Market
- The global market recorded a CAGR of 2.5% during the period 2019–2023.
- New Zealand is projected to account for 32.1% of the market share by 2034, with a CAGR of 2.7% during the forecast period.
- The USA is expected to showcase a CAGR of 2.3%, driven by growth in the oil and gas sector, which boosts demand for gummed tape.
- India is expected to hold 34.4% of the South Asia market for gummed tape by 2034.
- The brown gummed tape segment is anticipated to dominate, holding a 72% market share by 2034.
- Starch adhesive is expected to represent 84% of the market by 2034.
Competitive Landscape
Key players in the gummed tape sector are creating and bringing new goods to the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Players in Gummed Tape Manufacturers
- 3M Company
- Holland Manufacturing Co. Inc.
- Intertape Polymer Group Inc.
- Shurtape Technologies LLC
- Loytape Industries Sdn.Bhd
- Papertec, Inc.
- LPS Industries, LLC
- Windmill Tape & Labels Ltd.
- Neubronner GmbH & Co.KG
- MAXFEL SRL
- Can-Do National Tape.
- Suzhou Tongxie Adhesive Tape Co
- Ibergum, S.A
- Waterproof Corporation Pvt Ltd.
Key Developments in Gummed Tape Market
- In May 2024, 3M expanded its presence in Valley, Nebraska, with the aim of increasing plant’s manufacturing capacity.
- In April 2024, Shurtape Technologies LLC launched a new CR 400 Performance Grade Curbside Recyclable Paper Packaging Tape designed for strength and sustainability in a range of manual and automated package sealing applications in an industrial setting.
- In September 2023, Intertape Polymer Group Inc. introduced the new 170e water based carton sealing tape, designed with 30% recycled film.
Gummed Tape Market Segmentation
By Backing Material:
In terms of backing material, the industry is divided into paper gummed tape and fiber reinforced tape.
By Product Type:
Few of the important product type include white gummed tape and brown gummed tape.
By Adhesive Type:
Some of the important adhesive type include starch adhesive and others.
By Application:
Important applications of gummed tape include box and carton sealing, splicing and others.
By End Use Industry:
Some of end use industries related to gummed tape market include shipping and logistics, building and construction, food and beverages, electrical and electronics, automotive, healthcare and hygiene, metalworking, oil and gas, general industries and consumer good.
By Region:
Key countries of North America, Latin America, East Asia, South Asia, Europe, Oceania, Middle East and Africa are covered.
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
