Paper Tape Market 2022 Industry Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2030

The global paper tape market size was US$ 5,231.6 million in 2021. The global paper tape market size is forecast to reach US$ 7707.95 million by 2030, growing at a compound annual growth rate (CAGR) of 4.4% during the forecast period from 2022 to 2030.

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Early communications and computing technologies used paper tape, a sluggish, low-capacity, sequential media for data storage. The paper tape stores data as patterns of punched holes, with the presence or absence of holes at particular locations representing the data. Utilizing specialized tape reading and writing equipment, the data was written and stored. A long strip of paper with holes punched through it was used as paper tape to store data. Paper tape typically had holes spaced 2.54 mm apart in both directions and was 0.1 mm thick. Some paper tapes had predetermined mechanical, electrical, and optical characteristics that allowed for universal application.

Factors Influencing Market Growth
? The increasing application for stationary purposes and efficient merchandise stacking drive the global market.

? The inconsistent costs of the raw supplies used for making paper tapes may slow down the overall market growth.

? The increase in preference towards online shopping and rising environmental concerns about plastic usage boost the global market growth.

? The rising demand for eco-friendly paper tape is forecast to offer lucrative opportunities for the global market.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Paper tape demand has decreased as a result of problems in various industries caused by the slump in end-use industries like logistics, building and construction, and automotive. The decline in the paper industry also had a direct impact on the production of paper tapes because of delays in raw material supply. Early Covid-19 transportation limitations hindered production across several industries, which, in turn, led to a decline in demand for paper tapes. These limits also caused a shortage of raw materials.

In order to address environmental concerns, the post-Covid age has brought forward fresh beginnings in the shape of a significant increase in paper tape manufacture.

Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising infrastructure spending and residential and commercial construction projects. In addition, growing urbanization and increasing research and services for eco-friendly materials for the environment suitability.

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Leading Competitors

The leading prominent companies profiled in the global paper tape market are:
? Winstone Wallboards
? CSR Gyprock
? Omni Group
? 3M Company
? Shurtape Technologies, LLC
? Cyklop
? USG Boral
? JV Converting Company, Inc
? FIPAGO
? Duck Brand
? Speciality Tapes Industry
? Shree Lamipack Private
? Euro Tapes Private Limited
? Can-Do Nationa
? RAJAPACK Ltd
? Intertape Polymer Group Inc
? Uline
? Janson Enterprises
? Other Prominent Players

Scope of the Report

The global paper tape market segmentation focuses on Product Type, Adhesive, Feature Type, Application, End-User, and Region.

Segmentation based on Product Type
? Masking Tape
? Packaging Tape
? Consumer & Stationary Tape
? Others

Segmentation based on Adhesive
? Rubber-based Adhesive
? Acrylic-based Adhesive
? Silicon-based Adhesive

Segmentation based on Feature Type
? Single sided
? Double-sided

Segmentation based on Application
? Masking
? Packaging
? Sealing
? Bundling
? Fixing
? General Use
? Decorating
? Labeling
? Others

Segmentation based on End-User
? Building & Construction
? Automotive
? Retail & Logistics
? Aerospace & Defense
? Healthcare
? Electronics & Electrical
? General Industries

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Segmentation based on Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America

Meta Title: Paper Tape Market Size, Share, Insight, and Forecast 2022 to 2030
Meta Description: Global Paper Tape Market is projected to reach US$ 7707.95 million by the end of 2030 from US$ 5,231.6 million in 2021, at a CAGR of 4.4%
Meta Keywords: paper tape market Size, paper tape market share, paper tape market trend, paper tape market Forecast, paper tape market insight

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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