In 2023, the washi tapes market, which is currently valued at USD 15.7 billion, is expected to grow at a CAGR of 4.5%. Because of improvements in packaging, the industry is anticipated to grow to USD 24.3 billion by 2033.
Washi Tape Market Overview
The term “washi” comes from wa meaning ‘Japanese’ and shi meaning ‘paper’. Any tape made of paper can come under washi tape. They feature pretty and decorative paper masking tape.
The term is used to describe paper that uses local fibers made by hand and in traditional processes. The Washi Tapes market has witnessed tremendous developments in the past few years and continues to grow tremendously over the forecast period.
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Growth in some industries leading to infrastructure development and demand for construction sector with additional business solutions has indirectly benefited from the washi tape market.
Washi tape is basically a pressure sensitive tape used during painting in construction related activities. Washi tapes are available in a variety of strengths and widths, depending on the strength of their adhesive properties.
Washi Tape Market: Market Dynamics
Due to the growing trend of construction around the world, the building and construction sector shows a significant demand for washer tapes for painting. Ordinary household tapes are to some extent the same, but the integrity of the former is shown on the lower track.
If you want to place the construction outline on the drawing board, later removal will not damage the drawing. In general, the strength of washi tape is determined by how long the tape has been applied.
Painting activities typically require 7 to 14 days of washer tape. On the other hand, washi tape is used for a few days, but its adhesion is poor. Suitable for smooth surfaces such as freshly painted walls or wallpaper.
The growth of the automotive industry is also playing the most important role in the washi tape demand. The more functions of washi tape are rarely used in dent repair, painting and other activities in automobile manufacturing and repair.
Conversely, slow economic growth since the last decade, especially in some parts of Latin America, has had a negative impact on the washi tape market.
The centers of the recession most affected are Latin America, particularly Argentina and Brazil, where the region has the best automakers and thus the main end users of washi tape.
Like other product markets, the washi tape market is being severely impacted by the impact of COVID-19. The market has collapsed to some degree, in production, in the supply chain, in sales, at every point.
Washi Tape Market: Regional Outlook
Geographically, Asian countries, especially Japan, have gained a lot of market share because the origin of washi tape is Japan. Due to the huge electronics and automotive industries, washi tape spread throughout Asian countries such as India and China. Countries like India and China will have high market share due to population growth during the forecast period.
The major demand for washi tape market is due to global urbanization and industrialization in developing countries. Latin America has top auto manufacturers creating high opportunities for the washi tape market.
The rapid expansion seen in the construction industry in terms of market growth and share shows great growth in the washi tape market. European countries are expected to follow East Asia region in terms of market growth.
The shifting trend towards sustainable solutions and improvisation in North America is also contributing to the growth of the washi tape market. Conversely, relatively larger opportunities are not anticipated in the projected period for countries in the Middle East and Africa.
Washi Tape Market: Key Players
- Gundo Gami
- Awawashi
- Echuwashi
- Echizen Washi
- Ise Washi
- minowashi
- Sekishi? washi
- Sugihara Kami
- Tosawa
- Yame Washi
- Kami Uchiyama
The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.
Regional analysis includes:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- South Asia
- East Asia
- Oceania
Washi Tape Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- competitive landscape
- Strategies for key players and offerings
- Potential and niche sectors, geographic regions with promising growth
- Neutral view of market performance
- Information essential for market participants to maintain and improve their market footprin
Washi Tape Market: Segmentation
Raw material:
- paper
- bubble
- plastic
adhesive:
- rubber base
- acrylic
- Silicon based
The basis of the type:
- Mitsumata
- gampi
- paper mulberry
Applicable Grounds:
- clothing
- Art
- Dish
Channel-based:
- direct consumer
- distributor
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