According to a new report published by UnivDatos Markets Insights, the Paper Tapes Market was valued at more than USD xx billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Product (Masking Tape, Packaging Tape, And Consumer and Stationary Tape and Others); Adhesive (Rubber-Based Adhesive, Acrylic-Based Adhesive, and Silicon-Based Adhesive); End User (Pharmaceutical, Building And Construction, Automotive, Retail And Logistics, Aerospace and Defense, and Others); Region/Country.

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The paper tapes market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the paper tapes market. The paper tapes market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the paper tapes market at the global and regional levels.

Market Overview

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. One of the main reasons for the growth in this sector is the growing customer interest in vehicle modifications. Moreover, paper tape is also used to customize vehicles. These include taping, spray painting, varnishing, sealing, and other techniques. After surface painting, these tapes provide excellent surface protection and clean paint lines. Surface protection has supported the expansion of the automotive industry. Increasing demand for masking tapes in this industry is expected to boost market growth.

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COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The recession in end-use industries such as logistics, construction, and automobiles caused problems in many industries and led to a decline in demand for paper tape. However, the post-corona era has ushered in a new beginning in the form of rapid production of eco-friendly paper tapes. Various industries are calling for paper adhesive tapes to omit plastic.

The global paper tapes market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·         Based on adhesive, the market is divided into rubber-based adhesive, acrylic-based adhesive, and silicon-based adhesive. In 2020, the paper tapes market is anticipated to be led by the rubber-based adhesive category. Rubber-based adhesive holds 66.1% of the market share. The rise of the automotive industry to use these adhesive tapes to lighten vehicles in place of mechanical fasteners has become a key driver for the rubber-based adhesive segment

·         Based on end user, the paper tapes market is segmented into pharmaceutical, building and construction, automotive, retail and logistics, aerospace and defense, healthcare, electronic, and electrical. Growing retail and logistics sectors will also be prominent growth drivers for the global paper tape market during the forecast period. Mass transportation of goods is driving the demand for paper strapping in the retail and logistics industry. Previously, plastic straps in the logistics industry preferred to use paper straps to pack goods, along with the growing awareness of the environmental damage caused by plastic straps

Have a Look at the Chapters

Paper Tapes Market Geographical Segmentation Includes:

·         North America (United States, Canada, and Rest of North America)

·         Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·         Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·         Rest of the World

North America held the major share of 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 USD 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.

The major players targeting the market include:

·         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

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Paper Tapes Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the paper tapes Market?

• Which factors are influencing the paper tapes Market over the forecast period?

• What are the global challenges, threats, and risks in the paper tapes Market?

• Which factors are propelling and restraining the paper tapes Market?

• What are the demanding global regions of the paper tapes Market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos Market Insights (UMI)

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·         Adhesive Bandages Market

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