Bizizz Market Research has recently published a research report, “Paper Tape Market Product Type (Masking Tape, Packaging Tape, Consumer & Stationary and Tape Others),Features(Single-sided and Double-sided), Adhesives (Rubber-based Adhesive, Acrylic-based Adhesive and Silicon-based Adhesive), End-users (Building & Construction, Automotive, Retail & Logistics, Aerospace & Defense, Healthcare, Electronic & Electrical and General Industries) Application (Masking, Packaging (Sealing, Bundling, Fixing) General (Use Decorating Labeling Framing Others) Tabbing and Splicing)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Paper Tape Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 5.9 Bn by 2027, witnessing a CAGR of 4.8 % during the forecast period. Key drivers of the market are rising the usage of paper tapes and increased replacement activites of conventional fasteners by paper tapes.
Globally the usage of adhesive tapes in different industries, including automotive, food and beverage, are vital factors supporting the market growth of Paper tape market. Moreover, automotive manufacturers are increasingly utilizing adhesive tapes as an alternative to the fasteners that includes bolts and screws to decrease vehicle overall weight and improve fuel efficiency. Moreover, skin-friendly adhesive tapes are extensively applied in the production of infant and adult diapers. Increasing demand for eco-friendly that are water-based adhesives, along with an introduction of recyclable tapes made from biodegradable polymers, has raised the growth of the paper tapes market.
The Paper Tape market is anticipated to register a CAGR of over 4.8% during the forecast period.
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By End-user, Building and construction sector segment held a prominent share in Global Paper Tape Market in 2018.
Producers of paper tapes are currently concentrated on opportunities that could be tapped from different industries including retail & logistics, and building & construction sector. Building and construction industry, the paper tapes are extensively utilized in fixing the windows, for bonding of the door panels and in mounting glass panels. Moreover it has wide applications that are of various kinds in the building and construction industry.
North America is anticipated to dominate the Global Paper Tape Market during the Forecast Period
The North America is accounted for about one-fifth of total paper tape consumption, North America continues as a leading paper in the manufacture and consumption of tapes market. North America Paper Tape Market is anticipated to hold a substantial share by 2027. Moreover extensive availability of the manufacturing companies are supporting market growth of paper tape.
Global Paper Tape market was highly fragmented among the number of local and global players. Thus companies manufacturing these products are considerably having substantial innovative developments that could tap the opportunities available in the market. Such activities are contributing in creating competitive edge in the market.
Prominent players operating in the Global Paper Tape Market are: Sekisui Chemical Co., Ltd., 3M, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Nitto Denko Corporation, Scapa Group PLC, Lohmann GmbH & Co. Oh, Kg, Nichiban Co. Ltd, 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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