This Paper Band market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Paper Band market.
Paper Band Market: Overview
Paper band is also known as paper belly band, used for bundling of the product. It is versatile and lightweight packaging tool which helps to stack labels, cards, blister packs, sachets, containers, and many other products. The latex-free paper bands are manufactured from a quality adhesive material which provides strong bonding to the ends of the paper band. Owing to its several benefits such as stacking, easy opening, quick and effective packaging, the market of paper band is growing in multiples. Unlike sticky rubber band, paper band ensures life of the product bundle. It provides eye-catchy shelf-ready packaging to the products. Hence, paper band market is expected to grow rapidly with the expansion of the FMCG sector, and an increasing number of supermarkets and retail stores. Besides this, the printing of barcode on paper band enhances its utility during material handling in transit. It further efficiently supports inventory management. As it speed ups the production lines, many end users are adopting paper band packaging tool. Monopolistic competition is witnessed in paper band market where the large number of buyers and sellers are present. Hence with the changing packaging trends, manufacturers are more inclined towards manufacturing of quality of paper bands and enhancing its aesthetic looks. The demand for self-sealing bands is expected to grow significantly during the forecast period.
Paper Band Market: Dynamics
Unitization and effective product stacking are the primary objectives which drive the paper band market. It is easily recyclable and resulting in less carbon footprints. Additionally, ease of unpacking and minimum material waste drives the global market of paper band. The fueling factor for increasing growth of paper band market is branding and promotion of the products. These bands are customizable and give sufficient space for attractive labelling and printing, which results in more sales of the product. Hence, the preference of paper band is increasing in the retail sector. Increasing growth opportunities are witnessed for the global market of paper band on the backdrop of the food and beverage sector. Furthermore, attractive packaging of confectionery products and gift articles are creating growth opportunities for paper band market across the world. Apart from this, the demand for paper bands is continuously increasing in textile packaging for providing shelf-ready appearance to the product.
In spite of many benefits, certain factors might restrain the growth of paper band market such as the use of shrink wrap film in bundle formation. However, paper bands are cost-efficient than shrink wraps, and it supports bundling operation without heat potentially affecting the product.
Paper Band Market: Regional Outlook
The paper band packaging trend is widely accepted across the world as it is environment-friendly and manufactured from natural kraft paper. In Europe, with the modified regulation of single-use plastic, key players have more proclivity towards paper band packaging. Hence, the potential growth of the paper band market is expected in Europe. In order to reduce plastic wastage and landfills, moderate growth of paper band market is witness in the United States. In China and India and Indonesia, growing opportunities are witnessed with the expansion of the food and beverages sector and the increasing number of retail stores. The Mexico market is an emerging market for paper band. The consumers are having more demand for paper band in Mexico, as this packaging results in an economical approach for product bundling. In Oceania, sluggish growth for paper band market is witness. Apart from this, owing to the recent developments in E-commerce, online shopping centers, and an increasing number of supermarkets, the paper band market is expected to grow exponentially in many countries during the forecast period.
Paper Band Market: Key Players
The key players of paper band market are as follows:
- Extra Packaging Corporation
- SANDAR Industries, Inc.
- Cohesion Paper Products LLC
- Graphic Arts Equipment
- Brown & Pratt, Inc.
- American Printpak
- Economy Tablet & Paper
These key players are dominating the paper band market. However many new entrants, start-ups and small and medium scale industries are contributing to significant revenue generation in the market. The pulp and cardboard industries are also gaining traction about paper band market and enhancing their product portfolio.
Paper Band Market: Recent Developments and Trends
- On 20 May 2019, Fyffes North America Inc., Ireland, introduced recyclable paper banana band for replacing use of plastic bags. This paper band is manufactured from 100% kraft pulp
The paper band 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.
Regional analysis includes –
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
Paper Band Market: Segmentation
The paper band market is segmented on the basis of product type, material and end use.
On the basis of Product Type
- Pre formed Self Sealing
- Cohesive Self Sealing
On the basis of Material
- Natural Kraft
- Bleached Kraft
- Cover Paper
- Others (Sterilizable kraft paper)
On the basis of End Use
- Food and Beverages
- Pharmaceutical and Health Care
- Electric and Electronics
- Cosmetics and Personal Care
- Others (FMCG, Logistics and E commerce)
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the market
- Historical, current, and projected size of the market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the market
- Must-have information for market players to sustain and enhance their market footprint.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.