Press release
Gummed Tapes Market to Expand at Volume CAGR of 4.9% through 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 For Report Sample@ http://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.
Send an Enquiry @ http://www.futuremarketinsights.com/askus/rep-gb-2821
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.
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
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 to Expand at Volume CAGR of 4.9% through 2027 here
News-ID: 672938 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
