The rapidly expanding e-Commerce business is affecting the need for packaging materials, particularly lightweight and long-lasting packaging. Paper and paperboard packaging goods are widely used in the business. The problem is that packing items must travel vast distances in severe weather.
Paper packing tapes are essential under these settings. Tamperproof and better product safety is provided by paper packaging tapes. Thus, the need for paper packaging goods is being driven by the ease and high quality of printability, which is boosting the paper packaging tapes market.
According to Future Market Insights, recent developments in the paper packaging tapes market indicate that this market will experience increased consolidation as well as vertical integration. The market is now controlled by converters, who are responsible for sourcing bulk paper packaging rolls and then converting them to meet the needs of end users.
Papers have numerous appealing properties such as being waterproof, UV resistant, linerless, and so on. The rising middle-class population, increasing disposable income per capita, and expanding infrastructure development are also driving growth in the paper packaging tapes market.
The market is experiencing a new trend of transferring manufacturing bases to low-cost nations with low production and labor expenses. Paper packaging tape companies are embracing flexible and efficient production methods as well as integrating them with global manufacturing standards.
Shifting customer purchasing habits, such as home shopping and online retail, are further pushing demand for paper packaging tapes. Some of the attractive features of the paper packaging tapes such as easy recyclability, reduced carbon footprint, environmental friendliness, and low cost are propelling the paper packaging tapes market expansion and the same trends are expected from this market during the forecast period.
A renowned company in this industry is expanding its operations by investing around USD 210 million in the construction of a new, cutting-edge sawmill facility in southern Alabama. Using cutting-edge technology, this new sawmill will feature a two-shift yearly production capability of 250 million linear feet and will create a new, contemporary working atmosphere for the almost 130 people who will be currently employed, along with considerable indirect jobs.
This facility design includes expenditure in a biomass-fueled timber drying system, which is in line with their decarbonization and sustainability aims. The facility is expected to open in the 3rd quarter of the year 2024. With such developments, the market for paper packaging tapes market will boom during 2022-2032.
Rapidly growing e-Commerce industry is influencing the demand for packaging products, especially lightweight and durable packaging products. Paper & paperboard packaging products are highly preferred across the industry. The challenge is, packaging products has to travel long distances in extreme weather conditions. Paper packaging tapes play a vital role in these conditions.
Paper packaging tapes provides tamperproof and enhanced product safety to packaging contents. Easy and high degree of printability is driving the demand for paper packaging products, which in turn is driving the paper packaging tapes market.
Recent trends in paper packaging tapes market shows that, the market is going to witness rising consolidation and vertical integration. In the present scenario the market is highly dominated by converters, who source the bulk paper packaging roles and convert them according to end user convenience.
Papers comes with many attractive features like UV resistant, waterproof, liner less etc. Rising middle class population, increase in per capita disposable income and growing infrastructure developments are leading to growth in paper packaging tapes market.
The new paper packaging tapes provide high ageing resistance, good adhesion and clean positioning. Some special paper packaging tapes launched in recent times provide trouble free labelling at extremely low temperatures. The paper packaging tapes market is anticipated to witness higher demand for printed paper packaging tapes. Increased printing space, high graphics printing and easy printability is driving the demand for paper packaging tapes.
Rising middle class population in emerging economies like India, China, Argentina, Nigeria and South Africa is pushing the consumer preference for sophisticated lifestyle and spending on discretionary items. The most popular paper packaging tapes include water activated paper packing tape, kraft paper tape and paper base kraft tape. These paper packaging tapes are expected to pose a lucrative market opportunity for paper packaging tapes manufacturers.
The market is witnessing a trend of shifting manufacturing bases to cheap economies where low labour and production costs are available. Paper packaging tapes manufacturers are integrating with global manufacturing standards and they are also adopting efficient and flexible production technologies.
Changing consumer buying patterns e.g. home shopping and internet retail is driving the demand for paper packaging tapes. Low carbon footprint, environment friendly, easy recyclability and low cost characteristics of paper packaging tapes are driving the paper packaging tapes market growth.
Paper packaging tapes market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Asia Pacific Excluding Japan (APEJ) is expected to dominate the overall global paper packaging tapes market, followed by Western Europe.
This is due to rising infrastructure developments, increasing manufacturing base, rising middle class population, increasing per capita disposable income etc. China, India, ASEAN countries and Australia & New Zealand are expected to drive the APEJ paper packaging tapes market.
Some of the players associated with the global paper packaging tapes market are Canfor Corporation, The Mondi Group plc., Nordic Paper Holding AB, Segezha Group, BillerudKorsnas AB, KapStone Paper and Packaging Corporation, Gascogne SA, Natron-Hayat d.o.o., Tolko Industries Ltd., and Horizon Pulp & Paper Ltd and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The 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, macro-economic 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 paper packaging tapes market is segmented on the basis of product type, adhesive type and end-use.
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Paper Packaging Tapes Market
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