Kraft Paper Tapes Market Overview
Kraft paper tapes are used as packaging tape as well as surface protection tapes in many applications such as carton sealing, picture framing, painting, etc. It is the best sealing medium for lightweight packaging. The kraft paper tapes market is growing consistently as it does not consist of any harmful solvent during manufacturing. Furthermore, kraft paper tapes are resistant to abrasion, water, solvents, and oil.
It is witnessed that the demand for pressure-sensitive and moisture resistant kraft paper tape in the past three years. The markets for kraft papers and kraft paper tape are dynamic. Many new players are entering the market as its demand for logistics and exports is increasing, and it is cost-effective for manufacturing.
The rubber adhesive based kraft paper tapes offer excellent adhesion, which helps to minimize carton boxes sealing failures and prevent pilferage. Owing to strong adhesive bonding, kraft paper tapes market is expected to increase exponentially during the next decade
Kraft Paper Tapes Market: Dynamics
Packaging time efficiency and lightweight packaging material drive the global market of kraft paper tapes. These tapes are easy to stick on cartons without curling and provides excellent holding power. This saves the packaging time of the end-use industries. Additionally, the kraft paper tapes are manufactured from eco-friendly material, which is easy to recycle.
The requirement of high cross-directional strength for tamper-free transportation of goods is the fueling factor for the growth of the kraft paper tapes market. These tapes are available in a varying range of widths, which provides a good surface for branding and promotional activities. These tapes performance well in cold storage.
Hence, it is witnessed that the demand for kraft paper tape sealing is increasing for storing food products at cryogenic temperatures. The kraft paper tapes market is flourishing on the backdrop of electric and electronics industries.
With the increasing trading rate of consumer electronics and electrical devices, the opportunities for kraft paper tapes market players are also increasing. In a few applications, kraft paper tapes are used for “Shingling,” i.e., tape on tape packaging.
The kraft paper tapes are mainly used on paper surfaces only, which might impact negatively on its market growth. Also, stretching ability of these tapes is less compared to alternate solutions
Kraft Paper Tapes Market: Regional Overview
The kraft paper tapes are useful in sealing of wide range of applications. To enhance the production rate, end-use industries have an increasing preference for kraft paper tapes. The kraft paper tapes market is expected to increase with a moderate growth rate in North America. The United States is dominating the regional kraft paper tapes market.
On the other side, the Canada market is anticipated to expand in the next five years. Vast urbanization and purchasing power of consumers are expected to increase kraft paper tapes market in Brazil and Mexico leading to surplus opportunities for kraft paper tapes market. Owing to low-cost packaging, the acceptance of kraft paper tapes is increasing in the Middle East and Africa countries.
As the kraft paper tapes are manufactured from eco-friendly material, its demand is increasing in Italy, France, and Nordic countries. The emerging markets of the Asia Pacific, such as India, China, and Indonesia, also propelling increasing prospects for kraft paper tapes market owing to tamper-free and all-weather sustainability of kraft paper tape. Sluggish growth of the kraft paper market is a witness in Australia and New Zealand during the forecast period.
Kraft Paper Tapes Market: Key Players
The key players of Kraft Paper Tapes market are as follows
- Shurtape Technologies, Llc
- Nitto Denko Corporation
- Berry Global Group Inc.
- Intertape Polymer Group Inc.
- Can-Do National Tape
- PPM Industries SpA
- Pro Tapes &Specialities Inc.
- ADH Tape
- tesa SE Group Atlas Tapes S.A
Above listed manufacturers are the dominating key players of kraft paper tapes market. Apart from this many start-ups, small and medium scale industries are participating in kraft paper tape manufacturing in order to significant revenue generation.
The kraft paper tapes Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 - 2018
- Market Size & Forecast 2019 to 2029
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
Kraft Paper Tapes Market: Segment
The Kraft Paper Tapes market is segmented on the basis of product type, adhesive coating side, adhesive, and end use industry. The detailed segmentation is as follows:
On the basis of product type,
- Specialty Tapes
- Packaging Tapes
- Paper Reinforced Tapes
On the basis of adhesive coating side,
- Single Coated Tapes
- Double Coated Tapes
On the basis of adhesive,
- Rubber Based Adhesive
- Acrylic Adhesive
- Silicone Adhesive
On the basis of end use industry,
- Electrical and Electronics
- Food Industries
- Cosmetic and Personal Care Industries
- Architecture and Construction Industries