openPR Logo
Press release

Gummed Tapes Market to Expand at Volume CAGR of 4.9% through 2027

08-17-2017 02:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Gummed Tapes Market to Expand at Volume CAGR of 4.9% through 2027

Soaring demand for corrugated box packaging and increasing preference for gummed tapes in logistics & shipping sector will fuel growth of global gummed tapes market, according to a new report by Future Market Insights (FMI). FMI’s report projects the market to grow at 4.9% CAGR in terms of volume during the forecast period 2017-2027. Sales of gummed tapes are projected to reach nearly 1000 Mn Sq.m in 2017; by 2027-end, the market is estimated to reach 1,605 Mn Sq.m.

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: 132

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small