Paper Tapes Market: Current Analysis and Forecast (2022-2028)

Paper Tapes Market: Current Analysis and Forecast (2022-2028)

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% 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.

• Based on 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 adhesive, the market is divided into the rubber-based adhesive, acrylic-based adhesive, and silicon-based adhesive. The paper tapes market is anticipated to be led by the rubber-based adhesive category in 2020. Rubber-based adhesives are the most common type of adhesive because they adhere quickly to a variety of surfaces and are easy to remove. The rise of the automotive industry in using 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. 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
• For a better understanding of the market adoption of the paper tapes industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific dominates the paper tape market and will continue to do so during the forecast period, owing to rapid urbanization and growth in eco-friendly materials research and services for environmental sustainability. These factors will help the market grow in this region during the forecast period 2022-2028. On the other hand, North America is projected to see profitable growth in the coming years due to rising demand for paper adhesive tapes in healthcare and increasing acceptance of these adhesive tapes among various end-users in the region. Further, in 2020, the U.S. held the largest market share in the North American region, majorly due to the presence of key market players, such as 3M, Berry Global Inc., Shurtape Technologies, LLC., etc.
• Some of the major players operating in 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, and Shurtape Technologies, LLC. The market is diversified with a large number of global and regional market players