Paper Tapes Market

Increasing Outdoor Applications of Paper Tapes

The demand from the logistics and retails sectors has been a chief growth driver. Earlier, plastic tapes were used in these sectors, but with rising awareness about threats posed by plastic disposal on the environment, paper tapes are preferred more than their plastic counterparts.

Also paper tapes are considered to be more sustainable for outdoor applications, which has especially helped the market gain traction in the construction and logistics industries. Paper tapes are often used during paint jobs to achieve utmost precision even at sharp edges.

Spurred by their surging applications across diverse industries, the paper tapes market will witness growth at an impressive pace.

Demand from Automotive Sector Emerges as Key Growth Driver

The automotive sector is exhibiting consistent growth. The growing interest of customers in car modification is one of the major factors enabling growth in this sector. Paper tapes are used in several applications for customization of a car. These include masking, spray painting, varnishing, sealing, and others.

These tapes provide extraordinary surface protection and clear paint line after surface painting. This has been aiding growth within the automotive industry. The surge in the demand for masking tapes in this sector is projected to further augment the growth of the market.

COVID-19 Makes Paper Tapes Market Suffer

The ongoing COVID-19 crisis is unprecedented and is still unfolding every day. It has been creating challenges across various industries and has resulted in a decline in demand for paper tapes due to the slowdown of the business of end-use industries such as logistics, building and construction, and automotive.

Furthermore, slowdown of the paper industry had a direct impact on the production of paper tapes due to delays caused by supplies of raw materials. Restrictions posed on transportations during the initial phases of COVID-19 resulted in shortage of raw materials supply, affecting production across various industries, subsequently causing dip in demand for paper tapes.

Key Challenges

Paper tapes are mostly made from natural rubber such as gum. Manufacturers primarily prefer using rubber based gum over chemical solutions because the former is more cost-effective. However, this also makes paper tapes vulnerable to damage when exposed to high temperature for longer duration.

Besides this, research and investment on paper tapes require high investment. Also fluctuating raw material prices are posing immense threat to companies operating within the market. These factors are likely to hamper growth of the market to an extent.

Region-wise Analysis

East Asia Paper Tapes Market

East Asia accounts for the maximum share in the global market and is forecast to remain dominant through the course of the forecast period. Growth witnessed in the region is attributable to the increasing investment in expansion of infrastructure and rising construction projects in both residential and industrial sectors.

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The East Asia market is primarily driven by the demand from automotive and packaging industries, which is anticipated to grow significantly during the assessment period. Thanks to consistent growth of electronics and automotive sector in China, the market for paper tapes will continue to thrive in the region.

It also is expected to gain from impressive growth of food exports and progress recorded in the food-processing sector. The rising demand for low-cost, flexible, and eco-friendly packaging is remarkably rising in East Asia. Besides this, surging demand for packaged food has been creating an environment conducive to the growth of the market.

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North America Paper Tapes Market

North America led by the US, holds the second position in terms of sharing market value to the global paper tapes market. North America leads the healthcare industry. Owing to this, the growth of the region is driven by the growing demand for paper tapes in the healthcare industry in the region. The region is exhibiting constant growth in the construction sector which is augmenting the demand for paper tapes. Furthermore, governments are consistently launching aerospace projects in the region. For instance, the project of Solar Orbiter, a next-generation solar-observing satellite, which will present unprecedented details of the solar system and pictures of the sun's poles while investigating the heliosphere. Such projects are forecast to boost the growth of the regional market.

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Europe Paper Tapes Market

Europe is one of the prominent regions holding a sizeable share of the market. The growth of the region is primarily due to the strict administration in the region and constant initiatives by the European Union (EU) to promote eco-friendly products. This has led to increase in demand and production of biodegradable paper tapes in the region. Leading paper tape manufacturers are targeting this region to increase their consumer base and expand business footprints to maintain market position. Paper tape manufacturers operating in Europe are launching advanced paper tapes to draw a large portion of customers.

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Category-wise Insights

Building & Constructions Leads by End Use

Based on end use, building & construction segment is leading the market. Government initiatives and rising investments in various construction projects in both emerging and developed economies have been fuelling the demand for paper tapes.

Furthermore, the retail & logistics segment is projected to grow at a remarkable CAGR during the forecast period. This is attributable to the shift in focus of key retail and logistics players towards protective packaging using paper tapes.

Owing to the increasing adoption of surgical paper tapes by doctors and professionals in the healthcare segment, the market is forecast to record considerable rise in demand.

Single Sided Remains Most Preferred

Based on feature, the single sided segment is leading the market and is forecast to remain the most preferred option through the forecast period. The use of double sided tape too is rising especially within the building and construction sector. These tapes are often used for hanging photo frames or lights for the purpose of interior decor, instead of drilling holes on walls.

Packaging Leads the Market

Based on application, the packaging segment is leading the market. The growth of the segment is projected to continue through the forecast period, especially owing to the increase in demand for protective eco-friendly packaging solutions in various end use industries. Following packaging, the sealing and bundling segments are forecast to exhibit notable growth through the assessment period.

Rubber Based Adhesive Dominates the Market

Based on adhesive type, the rubber based adhesive segment accounts for the maximum share of the market. The capability of rubber-based adhesives to adhere immediately on diverse surfaces and their simple removal have made them top-favorite in the adhesive type category.

One of the major drivers of the rubber based adhesive segment is the expansion of the automotive industry and increasing use of these tapes in place of mechanical fasteners to reduce the weight of vehicles. Furthermore, owing to high-temperature resistance and consistent performance over a wide temperature range, silicon based adhesive segment is forecast to witness notable growth.

Masking Tape Leads by Product Type

Based on product type, the masking tape segment is projected to remain the dominant through the forecast period. Expansion of the building and construction sector is enabling growth within this segment of the market. Masking tapes are primarily used during painting in construction activities. Additionally, the use of masking tapes during painting, dent repairs, and several other activities in automobile manufacture and repair is creating growth opportunities.

Competitive Landscape

The global paper tapes market is highly competitive. The leading players operating in the market account for 40-45% of the overall market share. The increasing demand from end-use industries has been paving way for the entry of new players into the market. Consequently established companies are focusing on mergers and acquisitions and various expansion strategies to sustain their stronghold.

Manufacturers are even focusing consistently on improving the overall quality of their paper tapes. Some are following trends to make these tapes more appealing to consumers. For instance Monta, a renowned manufacturer of packaging and industrial tapes has recently revealed its new self-adhesives paper tapes that is apparently free from synthetic adhesives and is made from 65% renewable sources.

Last year, Kite Packaging had launched new Kite branded core machine tapes in two width sizes – 75 mm and 48 mm.

FMI lists some of the key players in the paper tapes market:

• 3M Company
• NITTO DENKO CORPORATION
• tesa SE
• Intertape Polymer Group Inc.
• Berry Global Inc.
• Shurtape Technologies, LLC
• Vibac Group S.p.a
• Atlas Tapes S.A.
• Advance Tapes International
• BOLEX
• Can-Do National Tape
• SICAD S.p.A
• Pro Tapes & Specialties, Inc
• FABO s.p.a.
• PPI Adhesive Products
• PPM Industries S.P.A.
• UBIS
• ADH Tape
• Speciality Tapes Industry.
• RITU RAJ TAPES PVT. LTD

The list is only indicative – a full list of global paper tapes market key players is available upon request

Paper Tapes Market Report: Scope

Key Questions Answered by the Report

• At what CAGR the paper tapes market is expected to grow?

  The global paper tapes market is forecast to rise at 3.4% CAGR between 2020 and 2030.

• Which is the largest market for paper tapes?

  Asia Pacific currently holds dominance backed by surging demand and production in strong markets like India and China.

• Which are the top companies in the paper tapes market?

  Some of the leading companies operating in the paper tapes market are 3M Company, NITTO DENKO CORPORATION, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Shurtape Technologies, LLC, Vibac Group S.p.a, Atlas Tapes S.A., Advance Tapes International, BOLEX, Can-Do National Tape, SICAD S.p.A, Pro Tapes & Specialties, Inc, FABO s.p.a., PPI Adhesive Products, PPM Industries S.P.A., UBIS, ADH Tape, Speciality Tapes Industry., and RITU RAJ TAPES PVT. LTD, among others.

• What is the outlook on the paper tapes market?

  Due to COVID-19, the paper tapes market was hit severely. However, FMI foresees recovery during the assessment period owing primarily to the expanding construction and healthcare industries.

• What are the key challenge witnessed in the paper tapes market?

  Emission of harmful pollutants and retardation of soil natural fertility when urea is used as a fertilizer, are negatively impacting on the growth of the paper tapes market. Additionally, incidents of leakage in paper tapes are posing challenges and hampering the growth of the market.

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• Is this research conducted by Future Market Insights?

  Yes, the report on the paper tapes market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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PAPER TAPES MARKET TAXONOMY

Product Type

• Masking Tape
• Packaging Tape
• Consumer & Stationary Tape
• Others

Adhesive Market

• Rubber Based Adhesive
• Acrylic Based Adhesive
• Silicon Based Adhesive

Application

• Masking
• Packaging
• Sealing
• Bundling
• Fixing
• General Use
• Decorating
• Labelling
• Framing
• Others
• Tabbing & Splicing

Feature Type

• Single sided
• Double Sided

End Use

• Building & Construction
• Automotive
• Retail & Logistics
• Aerospace & Defense
• Healthcare
• Electronics & Electrical
• General Industries

Regional Outlook

• North America – US and Canada
• Latin America – Brazil, Mexico, Argentina, Rest of Latin America
• Europe – Germany, Italy, France, Spain, U.K, BENELUX, Russia, Poland, and   rest  of Europe
• East Asia – China, Japan, South Korea and rest of East Asia
• South Asia  – India, Thailand Indonesia, Malaysia, and rest of South Asia and Pacific
• Middle East and Africa – GCC Countries, Northern Africa, Southern Africa, Turkey, and rest of Middle East and Africa
• Oceania – Australia and New Zealand