The global gummed tapes market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to product innovation, acquisition, product quality, and product offering.
Cartons sealed with gummed tape degrade at a slower rate on variation in temperature and perform better in humid environments and under low temperature in comparison with regular pressure-sensitive tapes.
Prolonged use of tape guns for sealing cartons has an adverse effect on the wrists of workers, reducing overall productivity. In contrast, gummed tape are cut easily to obtain the desired length with the use of tape dispensers. Gummed tapes are primarily used for box and carton sealing applications, as they offer strong adhesion and air-tight sealing.
The report on the global gummed tapes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Gummed Tapes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (White Gummed Tapes and Brown Gummed Tapes) and Applications (Shipping & Logistics, Building & Construction, Food & Beverages, Electricals & Electronics, Automotive, Healthcare & Hygiene, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
3M Company, Intertape Polymer Group Inc, Shurtape Technologies, LLC, Loytape Industries SDN.BHD, Holland Manufacturing Co. Inc, Papertec Inc, LPS Industries, LLC, Windmill Tapes & Labels Ltd, Neubronner GmbH & Co, and Can-Do National Tape. |
Brown gummed tapes segment to account a considerable market share
Based on types, the market is divided into white gummed tapes and brown gummed tapes. The demand for brown gummed tapes is increasing more than white gummed tapes owing to its wide usage in food, health care, pharmaceuticals, manufacturing, electronics, jewelry, and security industries.
Shipping & logistics segment are expected to grow at a rapid pace
Based on applications, the global gummed tapes market is divided into shipping & logistics, building & construction, food & beverages, electricals & electronics, automotive, healthcare & hygiene, and others. Demand for gummed tapes is consistently increasing from shipping and logistics industries, as these tapes offer high adhesive strength for corrugated box packaging and damage-free transportation of products. Building & construction, electrical & electronics, and automotive industries are expected to offer substantial prospects for players in the gummed tapes market.
The market in North America & Europe accounts for a large market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In the present scenario, North America and Europe are the epicenter of the global gummed tapes market growth. These developed regions reflect worthwhile sales opportunities, owing to the presence of industry giants and leading technology pioneers. In terms of sales and market growth rate, gummed tapes market in East Asia is projected to register an impressive CAGR during the forecast period of 2019-2028.
The major players of the market are 3M Company, Intertape Polymer Group Inc, Shurtape Technologies, LLC, Loytape Industries SDN.BHD, Holland Manufacturing Co. Inc, Papertec Inc, LPS Industries, LLC, Windmill Tapes & Labels Ltd, Neubronner GmbH & Co, and Can-Do National Tape.
The global gummed tapes market is dynamic in nature. 3M Company, Intertape Polymer Group Inc, and Shurtape Technologies, LLC are some of the leading manufacturers operating in the global gummed tapes market. Along with these players, Can-Do National Tape, Loytape Industries SDN.BHD, Neubronner GmbH & Co, and Ibergum, S.A. collectively hold 1/4 of the total revenue share.
The major players of the market are 3M Company, Intertape Polymer Group Inc, Shurtape Technologies, LLC, Loytape Industries SDN.BHD, Holland Manufacturing Co. Inc, Papertec Inc, LPS Industries, LLC, Windmill Tapes & Labels Ltd, Neubronner GmbH & Co, and Can-Do National Tape.
The global gummed tapes market is dynamic in nature. 3M Company, Intertape Polymer Group Inc, and Shurtape Technologies, LLC are some of the leading manufacturers operating in the global gummed tapes market. Along with these players, Can-Do National Tape, Loytape Industries SDN.BHD, Neubronner GmbH & Co, and Ibergum, S.A. collectively hold 1/4 of the total revenue share.
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