Bizizz Market Research has recently published a research report, “Gummed Tapes for Food & Beverage Market By Types (White Gummed Tape, Brown Gummed Tape), by Applications (Shipping and Logistics, Building and Construction, Food and Beverages, Electricals and Electronics, Automotive, Healthcare and Hygiene), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Gummed Tapes for Food & Beverage Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 634 MN by 2027, witnessing a CAGR of 5.5 % during the forecast period. Key drivers of the market are the rising requirement for ridged packaging in the logistics and transportation sector. However, the market extension will be limited by the availability of alternatives consisting of self-adhesives, Bopp tapes, and pressure-sensitive tapes, for container sealing.
As different divisions like e-Commerce and food & beverages are focused to attain proficiency in terms of energy, cost, and time, corporations are involving in constant R&D projects to act in accordance with the varying requirement. Therefore, the demand for Gummed Tapes for Food & Beverages are anticipated to expand rapidly during the forecast period.
The Gummed Tapes for Food & Beverage Market Is Anticipated To Register A CAGR Of Over 5.5% During The Forecast Period.
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By End User, white and brown Gummed Tapes for Food & Beverage Based Gummed Tapes for Food & Beverage Market Segment Held A Prominent Share In Global Gummed Tapes for Food & Beverage Market In 2018.
White and brown Gummed Tapes for Food & Beverage are more effective in developing and sustaining the artistic importance of the packaging. Gummed Tapes for Food & Beverage are extensively employed in printing purposes for rendering organization and merchandise data as these can be personalized with numerous copies as per particular customer wants. The packaging of containers sealed with Gummed Tapes for Food & Beverage deteriorates at a much more delayed pace on fluctuation in heats and works excellently in a muggy and deep-freeze conditions as compared with conventional pressure-sensitive tapes. Extended use of tape guns for sealing containers has an unfavorable influence on the wrist of operators, making the workers incapable and lessening productivity. In contrast, the employment of Gummed Tapes for Food & Beverage does not have any such unfavorable outcome. This is promoting the extension of white and brown Gummed Tapes for Food & Beverage in the global market.
Asia Pacific Is Anticipated to Dominate the Global Gummed Tapes for Food & Beverage Market During the Forecast Period.
The developing industries as electronics & electrical and e-Commerce, in Asia Pacific countries such as India and China, positively impacting the demand for Gummed Tapes for Food & Beverages in the region. More affordable accessibility of raw materials, the substantial existence of regional business people, and growing trans-border sales are anticipated to fuel the demand for Gummed Tapes for Food & Beverages in the region during the forecast period.
Prominent players operating in the Global Gummed Tapes for Food & Beverage Market are: Nitto Denko Corporation, Maxfel S.R.l, Intertape Polymer Group. Inc., Abco Kovex, Guangdong Yue Hui Polytron Technologies lnc, Shurtape Technologies LLC, Tesglo Pte. Ltd., Papertec, Inc., LPS Industries LLC, STA LLC., Waterproof Corporation Private Limited, Neubronner GmbH & Co., Hade Heinrich Dorseifer KG, Green Packaging Group, Loytape Industries SDN.BHD., Holland Manufacturing Co. Inc., Packsize, Windmill Tapes & Labels Ltd., 3M Company among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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