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Research Reports

Gummed Tapes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

Cartons sealed with gummed tape degrade at a much slower rate on variation in temperature, and perform better in humid environments and under very low temperature in comparison with regular pressure-sensitive tapes. Besides, the prolonged use of tape guns for sealing cartons has an adverse effect on the wrists of workers, reducing overall productivity. In… Read More »Gummed Tapes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

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Cartons sealed with gummed tape degrade at a much slower rate on variation in temperature, and perform better in humid environments and under very low temperature in comparison with regular pressure-sensitive tapes. Besides, the prolonged use of tape guns for sealing cartons has an adverse effect on the wrists of workers, reducing overall productivity. In contrast, gummed tape can be cut easily to obtain the desired length with the use of tape dispensers.

On the back of these factors, the global gummed tapes market is expected to exhibit a steady CAGR of 6.2% over 2019-2029, and is estimated to reach US$ 1.9 Bn by 2029.

Key Takeaways of Gummed Tapes Market Study

  • The reinforced gummed tapes segment is expected to create substantial incremental revenue opportunity over 2019-2029, as these consist of fibers that provide additional mechanical strength such as high durability and abrasion resistance, and improve the tear-resistance of gummed tapes.
  • Brown gummed tapes are expected to hold a major share of the gummed tapes market.
  • Starch adhesive-based gummed tapes are expected to gain significant traction, attributable to the use of eco-friendly material such as potato starch and paper in these tapes. Starch-based gummed tapes provide effective bonding with packaging material.
  • Gummed tapes are primarily used for box and carton sealing applications, as they offer strong adhesion and air-tight sealing.
  • Expansion of shipping & logistics industries is expected to offer significant growth opportunities to players in the gummed tapes market during the forecast period. Increasing demand for tamper-evident packaging solutions during transportation is expected to boost the sales of gummed tapes.
  • Europe is dominating the global gummed tapes market. Asia Pacific countries such as China, India, and Japan are anticipated to gain substantial market share over the decade, on the back of the high production of gummed tapes and low raw material prices in China.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-2821

“Key players operating in the global gummed tapes market can gain significant profits by focusing on enhancing their market presence in untapped markets and developing countries such as China and India, attributable to increasing industrialization and cross border trade in these countries.

Gummed Tapes Market Landscape                                                                      

The gummed tapes market is highly competitive, and substantial growth is expected in next decade, attributable to the increasing adoption of tapes with environment-friendly material and excellent adhesion properties over other alternatives such as pressure-sensitive tapes and BOPP tapes.

Some of the leading manufacturers in the gummed tapes 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., Can-Do National Tape, etc. FMI has identified 3M Company as a tier-I company. Product innovation and acquisition are the key strategies of this company. Tier-II companies include Polymer Group. Inc, Shurtape Technologies, LLC, and Loytape Industries SDN.BHD. Key players in the gummed tapes market are focusing on increasing their footprint in developing countries.

  • In 2018, 3M Company invested more than 5% of its revenue on research & development to enhance product quality and product offerings.
  • Intertape Polymer Group Inc. acquired Canadian Technical Tapes Ltd., a manufacturer of packaging tapes, in early 2018.

For more insights into the market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2821

 About Gummed Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global gummed tapes market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the gummed tapes market on the basis of backing material (paper gummed tape and reinforced gummed tape), product type (white gummed tapes and brown gummed tapes), adhesive type (starch adhesives and other adhesives), application (box & carton sealing, splicing, and others}, and end use (shipping & logistics, building & construction, food & beverages, automotive, metalworking, electrical & electronics, oil & gas, healthcare & hygiene, general industries, and consumer goods), across seven key regions.

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-2821

Explore FMI’s Extensive Coverage on the Packaging Domain

QR Code Labels Market – QR Code Labels Market: Widening Applicability in Labeling F&B Products Boosting Revenue Growth: Global Industry Analysis (2013-2018) & Opportunity Assessment (2019-2027)

Box and Carton Overwrapping Machines Market – Box and Carton Overwrapping Machines Market: Food End Use Sector to Spearhead Demand for Overwrapping Machines: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028

Box and Carton Overwrap Films Market – Box and Carton Overwrap Films Market: Preference for Packaging Solutions Offering On-Pack Promotion to Drive Growth: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028

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