Paper Band Market

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 labeling 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. 
• Bandall
• 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)