Paper Tapes Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 A paper tape is widely used for separating the colors and the painting made by hand or spray. It is available in several grades, widely used in many industries including automotive, aircraft painting, decorative items, furniture, and many other manufacturing sectors. The two main types of papers used in the development of such tapes are flatback paper and crepe paper. Growth in the retail and logistics sector will be a prominent growth driver for the global paper tape market during the forecast period. The construction sector, which will experience significant volume growth over the next decade, will also boost demand for paper tapes in the market.

The Paper Tapes Market is expected to grow at a steady rate of around 6.2% majorly due to increasing use for stationary uses and effective product stacking. Key market players in paper tapes market are focusing on organic growth strategies, such as product launches, product approvals, and other factors, such as patents and organizing events for sustaining a competitive edge. For instance, in 2021, Lohmann launched an adhesive tape with an excellent sleeve grip for the flexographic printing industry. The product increases press uptime and is easy to disassemble. This product was developed to provide a more reliable and sustainable adhesive solution for the printing industry.

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According to UnivDatos Market Insights (UMI)’ research report “Global Paper Tapes Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is due to different applications across different industries drive the global paper tape market. For example, increasing demand for surgical tapes in the healthcare and pharmaceutical sectors will support market expansion and its new outdoor applications.

Based on the Product, the market is segmented into masking tape, packaging tape, and consumer and stationary tape and others. The masking tape caters to a considerable share of the paper tapes market and is anticipated to grow at the highest CAGR during the forecast period, i.e., 2022-2028. It is majorly due to its use in the construction industry for painting. Masking tape is also used in vehicle manufacturing and repair, such as painting, dent repair, etc., offering new growth potential. Technological advances in machine learning and the introduction of robotics have led to several-fold growth in the industrial sector. This provided an impressive growth prospect for paper tape sales during the review period. This in turn is expected to give a strong boost to the paper tape market in the coming years.

Based on the End Users, the paper tapes market is segmented into pharmaceutical, building and construction, automotive, retail and logistics, aerospace and defense, healthcare, electronic, and electrical. The pharmaceutical sector is expected to emerge as a lucrative lever. The sector will bring new opportunities and billions of dollars in profits, creating an empty space in healthcare. This greatly increases the demand for surgical paper tape. The many advantages of these adhesive tapes maintain the growth trajectory of the global paper adhesive tape market. These benefits include faster recovery, gentle removal, long-lasting adhesion, and preservation of skin integrity.

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North America held a prominent share of the market in 2020

North America led the paper tapes market in 2020, majorly due to strong product demand from various end-use industries such as packaging, healthcare, and automotive. For instance, The US packaging sector accounted for US$ 177 billion in 2020, according to the Flexible Packaging Association (FPA). The rapidly growing packaging sector owing to the rising demand for packaged food & beverages, growing e-commerce industry, and rising retail sector across the region are a few major factors propelling the demand for paper tapes in North America. It has also shown favorable growth due to increasing demand for paper adhesive tapes in healthcare and increasing acceptance of these adhesive tapes by various end-users across the region will boost the growth of the market.

“Global Paper Tapes Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.     By Product (Masking tape, Packaging tape, Consumer and stationary tape, and Others)

2.     By Adhesive (Rubber-based adhesive, Acrylic-based adhesive, and Silicon-based adhesive)

3.     By End User (Pharmaceutical, Building and Construction, Automotive, Retail and Logistics, Aerospace and Defense, Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.     By Company (3M, tesa SE, NITTO DENKO CORPORATION, LINTEC Corporation, Intertape Polymer Group, AVERY DENNISON CORPORATION, Lohmann GmbH & Co.KG, Berry Global Inc., Scapa Group Ltd, Shurtape Technologies, LLC)

Key questions answered in the study:

1.     What are the current and future trends of the global paper tapes market?

2.     How the industry has been evolving in terms of product, adhesive and end user?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global paper tapes industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global paper tapes suppliers across various region and countries?

6.     What strategic initiatives are taken by the market players in recent years?