Paper Tapes Market Size & Share | Industry Trends Analysis Report for 2033
The paper tapes market is experiencing notable growth owing to its eco-friendly and versatile properties. As a sustainable alternative to conventional plastic tapes, paper tapes are gaining popularity in various industries, including packaging, construction, and arts and crafts. With increasing environmental concerns, businesses are transitioning towards more eco-conscious practices, driving demand for paper-based solutions.
Paper tapes offer strong adhesive properties, easy wearability, and compatibility with various surfaces, making them ideal for packaging applications. Additionally, their biodegradable nature and recyclability contribute to their appeal. The market is expected to witness continued expansion as more companies embrace sustainable packaging and seek eco-friendly alternatives to plastic tape.
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As per Future Market Insights, the global paper tapes market is projected to be valued at US$ 9.0 billion in 2033 and reach US$ 5.6 billion by 2023. The market is anticipated to showcase a steady growth rate at a CAGR of 4.6% from 2023 to 2033.
Paper tapes are a viable alternative to plastic tape, as packaging is essential in both the industrial and commercial sectors. The E-commerce industry is adopting paper tapes for packaging purposes due to their high sustainability, as compared to plastic tapes.
These tapes also provide high tensile strength and good adhesion properties that are required for packaging and masking. Most of the time, a few residues with stickiness and little adhesive is left behind after using tapes.
But paper tapes can be easily removed after the masking process. In the automotive industry, paper tapes play an important role as during spray painting, these tapes are used for bringing perfection of painting to maintain its finishing.
Paper tapes are used for banding coils, covering wires, and insulating boards in electrical and electronics applications as they have good electrical resistance and adhesion. Insulating material and adhesives used in paper tapes can help maintain its atmospheric temperature, whether it is hot or extra cold. During sandblasting, it provides good adhesion and temperature-bearing properties.
Key Takeaways from Paper Tapes Market
- Masking tape segment by product type is projected to expand 3x the current value during the forecast period.
- Packaging application segment is anticipated to account for 0% of the paper tapes market share by 2023.
- The building & construction end use segment is estimated to account for around 9% of the paper tapes market share by 2023.
- India paper tapes market is anticipated to create an absolute dollar opportunity of US$ 314.3 million during the estimated time frame.
- Germany paper tapes market is likely to generate a considerable share of around 8% in 2023.
“Increasing demand for paper tapes as they act as a superior alternative to plastic, is projected to drive sales worldwide. High recyclability of paper tapes is another prominent factor that is anticipated to push demand in the global market,” says a lead analyst at Future Market Insights..
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Key Segments Covered in Paper Tapes Industry Research
Paper Tapes Market by Product Type
- Masking Tape
- Packaging Tape
- Consumer & Stationary Tape
- Others
Paper Tapes Market by Adhesive
- Rubber-based Adhesive
- Acrylic-based Adhesive
- Silicon-based Adhesive
Paper Tapes Market by Application
- Masking
- Packaging
- Sealing
- Bundling
- Fixing
- General Use
- Decorating
- Labelling
- Framing
- Tabbing & Splicing
Paper Tapes Market by Feature Type
- Single sided
- Double sided
Paper Tapes Market by End User
- Building & Construction
- Automotive
- Retail & Logistics
- Aerospace & Defense
- Healthcare
- Electronics & Electrical
- General Industries
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