Pouch Tapes Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Pouch Tapes Market grew at a CAGR of 2.8% between 2017-2021 and is estimated to be US$ 1,142.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.4% and is expected to reach a valuation of US$ 1,595.8 Mn by 2032 end.
Pouch tapes have been high for tacking properties and are used for documents in shipping and logistics. The demand for pouch tapes is rising as they help wrap parcels, which is essential for moisture and abrasion resistance.
THE RISE IN DEMAND FOR ELECTRONIC MAILING WILL BOOST THE MARKET
A rise in the use of pouches in postal communication systems and an increase in electronic mailing traffic primarily drives the growth of the pouch tape market. Factors such as the growing trend towards cost-cutting, government initiatives related to e-commerce, and the increasing use of pouches in the shipping and logistics sectors are also expected to propel the growth of this market. Automation initiatives have increased production efficiency and advertising expenditure, leading to intense competition among manufacturers and decreasing prices.
STRINGENT GOVERNMENT RULE HAMPERS THE MARKET GROWTH
There has been a recent decline in the sales of pouch tapes due to stringent government regulations towards the use of plastics. However, the market for pouch tapes is witnessing a revival momentum as it offers a quick, simple, and secure method of attaching documents.
GREAT ADAPTABILITY AND EASE OF HANDLING WILL CREATE MORE OPPORTUNITIES FOR THE MARKET
Pouch tapes are a type of closure material made of plastic or paper that is a secure and sturdy way to seal a package. It can also be used to seal envelopes or small containers. The pouch tape market is highly dynamic and prone to fluctuations in volume, sales, prices, and production levels. This report aims at shedding light on the current state of pouch tapes market shares in the global market, thereby helping companies identify their respective growth areas.
The sudden illness coronavirus pandemic caused a significant impact on the growth and expansion of e-commerce applications. In several projects, the use of pouch tapes declined in 2021 and was attributed to the decreased number of factories being opened globally in 2020’s first and second quarters. However, it is anticipated that adopting online shopping and safe delivery will drive demand for pouch tapes and thus grow market value until 2027.
Market Segments Covered in Report
By Material Type:
By Product :
By End User:
By Region and Country:
Why is handheld pouch tape projected to ensure the most revenue during the forecast period?
The handheld pouch tape dispenser is the most demanded product in the market, with the highest revenue rate during the forecasted period. It is easy to handle, portable, and lightweight to carry anywhere. The product is good quality with an attractive look ranging from black to silver matte finish. A double-sided tape dispenser has been incorporated so that it can paste two sides of the tape together for easy application of the product on its rolls.
Why is the Paper And Packaging Industry segment expected to expand the fastest during the forecast period?
In 2021, The paper and packaging industry will have the fastest-growing segment of the global market due to the advent of dispensers with a foam manage tape gun and a movable control knob, making implementing tape without distress simpler throughout the projected period. The flexible, non-corrosive product can be applied without shocking or causing damage to conveyor belts, equipment, or other products.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
By signing a contract with a specific product manufacturer to produce the pouch tape product line, several key market players in the global Pouch Tapes Market sector are now more focused on setting-up effective joint ventures, acquisitions, and collaborations to expand their respective consumer bases.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material Type, Product, Width, End User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 3.4%.
The advent of dispensers with foam manage tape gun makes it easy to implement tape without fatigue or unpleasantness, while a movable control knob allows for simple on / off dispensing.
Major global Pouch Tapes Market players are 3M, Irplast S.p.A., Lynx Polythene Ltd., Flexopack Ltd
Strict government regulations hamper market growth for pouch tapes.
The Asia Pacific region is expected to account for the largest market revenue share in the Global Pouch Tapes market.
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