Paper Tapes Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Masking tape, Packaging tape, 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, Others); and Region/Country
Global Paper Tapes Market is expected to grow at a significant rate of around 6.2% during the forecast period. 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.
3M, tesa SE, NITTO DENKO CORPORATION, LINTEC Corporation, Intertape Polymer Group, AVERY DENNISON CORPORATION, Lohmann GmbH & Co.KG, Berry Global Inc., Scapa Group Ltd, and Shurtape Technologies, LLC are some of the key players operating in the paper tapes market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products/technologies.
Insights Presented in the Report
“Amongst product, packaging category is also anticipated to witness higher CAGR during the forecast period”
Based on products, the market is segmented into masking tape, packaging tape and consumer and stationary tape, and others. The packaging segment is anticipated to grow at a higher CAGR during the forecast period, i.e., 2022-2028. The main reason behind the growth in the market value of packaging tapes is the recent increase in acceptance in the e-commerce sector. To ship products to customers, e-commerce companies use tape to wrap their products. The rapid increase in economic growth in purchasing products from e-commerce platforms is also one of the major reasons positively impacting the growth of the market. The use of packaging products in the food and beverage industry is also one of the main reasons behind the impact on the growth of the packaging tape market. The growth of the automotive industry has also increased the demand for manufacturing packaging tapes. In addition, increasing use of packaging tapes in medical centers for transporting pharmaceuticals is also an additional benefit boosting the growth of the packaging tapes market.
“Amongst adhesive, the rubber-based adhesive segment to hold a significant share in the market in 2020”
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 held 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.
“North America to hold a significant share in the paper tapes market”
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional and country-level analysis of the industry.
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|2.1.||Research Process of the Functional Cosmetics Market|
|2.2.||Research Methodology of the Functional Cosmetics Market|
|5||IMPACT OF COVID-19 ON THE FUNCTIONAL COSMETICS MARKET|
|6||FUNCTIONAL COSMETICS MARKET REVENUE, 2020-2028F|
|7.4.||Skin lightening agents|
|11.1.1.||The United States|
|11.1.3.||Rest of North America|
|11.2.2.||The United Kingdom|
|11.2.6.||Rest of Europe|
|11.3.4.||Rest of Asia-Pacific|
|11.4.||Rest of World|
|13||FUNCTIONAL COSMETICS MARKET OPPORTUNITIES|
|14||FUNCTIONAL COSMETICS MARKET TRENDS|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|19.1.1.||Porters Fiver Forces Analysis|
|20.1.||Croda International plc|
|20.2.||Evonik Industries AG|
|20.7.||The Estée Lauder Companies Inc|
Research Methodology for the Paper Tapes Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global paper tapes market were the three major steps undertaken to create and analyze the adoption of paper tapes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global paper tapes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the paper tapes market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the paper tapes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, adhesive, and end user. Further country-level analyses were conducted to evaluate the overall adoption of paper tapes in region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the paper tapes market. Further, we conducted factor analysis using dependent and independent variables such as product, adhesive, and end user of paper tapes. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the paper tapes market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global paper tapes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the paper tapes across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global paper tapes market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global paper tapes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, adhesive, and end user in the global paper tapes market.
The main objective of the Global Paper Tapes Market Study
The current & future market trends of the global paper tapes market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the paper tapes market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the product, adhesive, and end user.
- Define and analysis of the regulatory framework for the paper tapes
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the paper tapes market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the paper tapes market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry