Press release
Gummed Tapes Market Poised to Garner Maximum Revenues During 2017 – 2027
Biodegradable Properties of Gummed Tapes to Sustain their Market Growth through 2027
Basic raw materials utilised for production of gummed tapes are paper and adhesives, making it completely biodegradable. The adhesives used for gummed tapes are stable in nature and do not undergo any hazardous reaction. Sealing cartons with self-adhesive tapes is harmful for the environment owing to their weak bonding strength, which results into excessive usage of tapes for secured packaging. This leads to a surge in plastic waste. In contrast, only one strip of gummed tape is required to seal the carton, making it a more resource-efficient option. The aforementioned factors are expected to sustain growth of the global gummed tapes market.
In contrast, the market growth is expected to be restrained by presence of substitutes including Bopp tapes, pressure sensitive tapes, and self-adhesives for carton sealing. Pressure sensitive tapes offer comparatively higher efficiency than gummed tapes in sealing cartons which carry light-duty products. Development of tamper evident technology in pressure sensitive tapes has led these tapes to gain higher end-user preferences.
Request to Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2821
Fibre-reinforced Gummed Tapes to Remain Dominant in the Market during 2017-2027
By material type, fibre-reinforced gummed tape is projected to retain its dominance in the market during the forecast period. FMI’s report estimates sales of fibre-reinforced gummed tapes to exceed 1000 Mn Sq.m by 2027-end, expanding at 5.4% CAGR. On the contrary, paper gummed tapes are estimated to witness a sluggish expansion through 2027. Based on product type, brown gummed tapes will remain preferred in the market throughout the forecast period. In terms of volume, sales of brown gummed tapes are estimated to expand at around 5% CAGR through 2027.
Starch-based adhesives are expected to witness a slight increase in their market share during the forecast period. This adhesive type segment is expected to be the most lucrative in the market and expand at 5% CAGR through 2027. Based on application type, box & carton sealing is expected to dominate the market during the forecast period, followed by splicing. Demand for gummed tapes in box & carton sealing is expected to reach nearly 1,500 Mn Sq.m by 2027-end.
Shipping & Logistics to be the Fastest Growing End-Use Sector by 2027-end
Demand for gummed tapes by shipping & logistics sector is expected to witness the fastest growth in volume, followed by general industrial and consumer goods sectors. However, in terms of volume, general industrial sector is expected to be the largest end-user in the market during the forecast period. Demand for gummed tapes by general industrial sector is anticipated to exceed 200 Mn Sq.m by 2027-end.
In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to be the fastest growing market for gummed tapes, followed by Latin America. This region is estimated to remain dominant in the market during the forecast period. Volume demand for gummed tapes by APEJ is estimated to reach around 600 Mn Sq.m by 2027-end. In addition, North America and Middle East & Africa (MEA) are projected to witness parallel expansion at 4.9% CAGR through 2027.
Key players identified in FMI’s report include 3M Company, Holland Manufacturing Co. Inc., Intertape Polymer Group. Inc., Shurtape Technologies LLC, Loytape Industries SDN.BHD., Papertec, Inc., LPS Industries LLC, Windmill Tapes & Labels Ltd., Neubronner GmbH & Co., Maxfel S.R.l, ADH TAPE, STA LLC., Hade Heinrich Dorseifer KG, Abco Kovex, Waterproof Corporation Private Limited, Green Packaging Group, Tesglo Pte. Ltd., Guangdong Yue Hui Polytron Technologies lnc, Packsize, NITTO DENKO CORPORATION.
Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-2821
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gummed Tapes Market Poised to Garner Maximum Revenues During 2017 – 2027 here
News-ID: 1096846 • Views: …
More Releases from Future Market Insights - MRRSE
Reshaping the Culinary Landscape: Insights into the Used Commercial Kitchen Equi …
The forecast term is expected to see a moderately paced CAGR of 7.2% for the global market for secondhand restaurant equipment. The market for used restaurant equipment is expected to be worth US$ 6664.2 Million in 2023. By 2033, it is expected that the market for used restaurant equipment will have grown to a high of US$ 13356.6 million. The specialists at Future Market Insights have calculated a historical CAGR…
Poland IT Software and Service Market Size: Competitive Landscape and Recent Ind …
Future Market Insights (FMI) released its latest report titled, “Poland IT Software and Service Market Forecast and Assessment, 2014 – 2020”. According to the report, the Poland IT software and service market was valued at US$ 4,104.3 Mn in 2013 and projected to reach US$ 6,245.8 Mn by 2020, registering a CAGR of 5.9% during the forecast period.
The Poland IT software and service market is driven by factors such as…
Plant-based Butter Market to exhibit CAGR exceeding 7.5% through 2030 – Exclus …
Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction. The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by…
Conference Room Solutions Market Worth US$ 1.18 Bn by 2021: FMI
As per the revised report by Future Market Insights (FMI), the global conference room solution market is expected to expand at a CAGR of 14.7% over the forecast period (2021-2031). Thanks to rising demand for improvement in enterprise communication network, the market valuation is expected to surpass US$ 1.18 Bn in 2021.
Conference room solutions provide on-demand tools for professional collaboration, online meetings, web conferencing and video conferencing services. It supports…
More Releases for FMI
Guidewires Market's Journey Ahead: FMI Report Anticipates 6.1% CAGR, US$ 5.9 Bil …
From 2022 to 2030, the global Guidewires Market is projected to develop significantly at a compound annual growth rate of 6.1%, with a market size of over US$ 3.7 Bn in 2022. The market is expanding at a faster rate due to rising demand for straight-tip guidewires for minimally invasive spine and cervical surgeries.
According to a new research study by Future Market Insights,
-Straight tip guidewires, with a current share of…
Ammonium Phosphate Market Share, Size, Trends - 2029 | FMI
The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.
Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1469
Key Takeaways of Ammonium Phosphate Market Study
• Fertilizers industry accounts for substantial ammonium phosphate demand.
• Rising uptake of ammonium phosphate in…
Wearable Fitness Trackers Market Forecast & Share 2027 | FMI
The global wearable computing devices market is expected to be worth US$ 37,557 Mn in 2022, rising to US$ 217,237.2 Mn by 2032. The sales of wearable computing devices are expected to grow at a CAGR of 19.2% during 2022-2032.
The wearable computing devices market size is expected to increase during the projected period as they assist clinicians in remotely monitoring patient health. Consumer interest in smart fitness gadgets is increasing…
Edible Oil Packaging Market Size & Share - 2023 - 2031 | FMI
According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%. By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to…
MOPP Packaging Films Market Size, Analysis & Opportunity | FMI
The MOPP packaging films market is projected to register high demand through 2021, with the overall valuation reaching US$ 221.7 Mn in 2021. FMI also forecasts MOPP packaging films demand to increase at a steady 5.2% CAGR between 2021 and 2031.
Despite restrictions imposed amid COVID-19, MOPP packaging films demand will surge 2021 onwards, albeit gradually. Volume sold globally is expected to total 135.2 Th. tones by the end of…
Labels Market Size, Industry Share, Sales & Trends - 2032 | FMI
The global labels market size is set to reach a valuation of US$ 39.8 Bn in 2022, and further accelerate at a CAGR of 4.8% from 2022-2032. The market is projected to reach US$ 63.7 Bn by the end of 2032. Sales of labels are anticipated to augment with the top 5 players holding 10-15% of the global labels market share in 2021.
Based on product type, the pressure sensitive labels…
