Paper Tapes Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The paper tapes market is witnessing robust growth driven by increasing environmental consciousness and sustainable packaging trends. These eco-friendly adhesive tapes are made from renewable resources and are fully recyclable, making them an attractive choice for various industries. The e-commerce sector’s rapid expansion and demand for environmentally friendly packaging solutions further boost the market’s growth.

 

Paper tapes offer excellent adhesion and sealing properties, ensuring secure packaging for shipments. Additionally, stringent regulations regarding plastic usage and growing awareness of plastic waste’s impact on the environment create a favorable market landscape. As businesses strive for greener packaging options, the paper tapes market is poised for continuous expansion.

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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:

  • 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.

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Key Segments:

By Product Type

  • Masking Tape
  • Packaging Tape
  • Consumer & Stationary Tape
  • Others

By Adhesive

  • Rubber-based Adhesive
  • Acrylic-based Adhesive
  • Silicon-based Adhesive

By Application

  • Masking
  • Packaging
  • Sealing
  • Bundling
  • Fixing
  • General Use
  • Decorating
  • Labelling
  • Framing
  • Tabbing & Splicing

By Feature Type

  • Single sided
  • Double sided

By End User

  • Building & Construction
  • Automotive
  • Retail & Logistics
  • Aerospace & Defense
  • Healthcare
  • Electronics & Electrical
  • General Industries