The global paper tapes market is projected to experience significant growth, with its valuation set to rise from USD 5.6 billion in 2023 to USD 9 billion by 2033, expanding at a compound annual growth rate (CAGR) of 4.6% during the forecast period. With the top five companies controlling around 20% to 22% of the global market share in 2022, the market presents a strong growth outlook for the next decade, according to the latest analysis by Future Market Insights.
Core Concepts in the Paper Tapes Industry
- Market Growth: Expected CAGR of 7.4% from 2023 to 2033, indicating strong growth potential.
- Performance: From 2018 to 2022, the market grew at a CAGR of 4.5%, demonstrating consistent performance.
- Projected Growth Rate: Anticipated growth rate of 4.6% from 2023 to 2033, sustaining positive momentum.
- Untapped Product Types: Opportunities in RFID-enabled, self-adhesive, water-resistant, and biodegradable paper tapes, indicating potential for innovation and differentiation.
- Market Gaps: Existing gaps in emerging markets, lack of awareness, and the need for innovative products present market penetration and growth opportunities.
Key Market Dynamics:
- Wide Range of Applications: Paper tapes find extensive use in packaging, masking, consumer, and stationary applications. They offer good abrasion and tensile strengths, making them essential in the building and construction industry, where removability is crucial during masking applications. Painters also utilize paper tapes for framing, labeling, and bordering due to their tearability by hand.
- Versatility and Performance: Paper tapes offer fast stick, excellent adhesion, and high tensile strength, making them popular for indoor and outdoor applications, particularly in the construction industry. Their versatility and performance make them suitable for various end users.
- Masking Tape Segment Dominance: Among different types of paper tapes, the masking tape segment is expected to remain at the forefront due to its versatility and widespread use worldwide.
Paper tapes are a viable alternative to plastic tape, as packaging is essential in both the industrial and commercial sectors. The E-commerce industry is adopting paper tapes for packaging purposes due to their high sustainability, as compared to plastic tapes.
These tapes also provide high tensile strength and good adhesion properties that are required for packaging and masking. Most of the time, a few residues with stickiness and little adhesive is left behind after using tapes.
But paper tapes can be easily removed after the masking process. In the automotive industry, paper tapes play an important role as during spray painting, these tapes are used for bringing perfection of painting to maintain its finishing.
Paper tapes are used for banding coils, covering wires, and insulating boards in electrical and electronics applications as they have good electrical resistance and adhesion. Insulating material and adhesives used in paper tapes can help maintain its atmospheric temperature, whether it is hot or extra cold. During sandblasting, it provides good adhesion and temperature-bearing properties.
Key Takeaways from Paper Tapes Market
- Masking tape segment by product type is projected to expand 3x the current value during the forecast period.
- Packaging application segment is anticipated to account for 0% of the paper tapes market share by 2023.
- The building & construction end use segment is estimated to account for around 9% of the paper tapes market share by 2023.
- India paper tapes market is anticipated to create an absolute dollar opportunity of US$ 314.3 million during the estimated time frame.
- Germany paper tapes market is likely to generate a considerable share of around 8% in 2023.
“Increasing demand for paper tapes as they act as a superior alternative to plastic, is projected to drive sales worldwide. High recyclability of paper tapes is another prominent factor that is anticipated to push demand in the global market,” says a lead analyst at Future Market Insights.
Car Modification in Automobile Industry to Boost Demand for Paper Tapes Worldwide
Paper tapes are gaining immersive attention in the automobile industry as vehicles require frequent renovation of damaged parts. These parts need to be painted accordingly, either earlier or with modified colors. Paper tapes are used during the painting and air spraying process to avoid color mixture from one end to other.
Finishing occurs after the paint is air sprayed, and paper tapes are removed from specific parts. No residue is left behind, as it is removed in the process. Paper tapes would eventually become popular as they provide a professional finish to automobiles.
Competition Landscape: Paper Tapes Market
Key players operating in the global paper tapes market include Scapa Industrial, Vibac Group S.p.a, 3M Company, Intertape Polymer Group Inc., Saint-Gobain Tape Solutions Europe, Shurtape Technologies LLC, Folsen Tapes, Advance Tapes International Ltd., Tesa SE, FABO s.p.a., Nitto Belgium NV, and Berry Global Inc. among others.
Access Full Report: https://www.futuremarketinsights.com/reports/paper-tapes-market
Key Segments Covered in Paper Tapes Industry Research
Paper Tapes Market by Product Type
- Masking Tape
- Packaging Tape
- Consumer & Stationary Tape
- Others
Paper Tapes Market by Adhesive
- Rubber-based Adhesive
- Acrylic-based Adhesive
- Silicon-based Adhesive
Paper Tapes Market by Application
- Masking
- Packaging
- Sealing
- Bundling
- Fixing
- General Use
- Decorating
- Labelling
- Framing
- Tabbing & Splicing
Paper Tapes Market by Feature Type
- Single sided
- Double sided
Paper Tapes Market by End User
- Building & Construction
- Automotive
- Retail & Logistics
- Aerospace & Defense
- Healthcare
- Electronics & Electrical
- General Industries
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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