The pouch tapes market is anticipated to value at USD 979.25 million in 2023. The pouch tapes market share is likely to reach USD 1241.35 million by 2033 with a CAGR of 2.4% during the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Pouch Tapes Market Value (2023) | USD 979.25 million |
| Pouch Tapes Market Anticipated Forecast Value (2033) | USD 1241.35 million |
| Pouch Tapes Market Projected Growth Rate (2023 to 2033) | 2.4% |
The pouch tapes market share is expected to expand with a better CAGR over the forecast period as compared to its historic data, due to rising the demand for pouch tapes by several new end-user verticals in recent years. Pouch tapes are types of pressure-sensitive tapes used for attaching documents, invoices, literature and samples to packages that are supposed to raise the demand for pouch tapes during the forecast period.
Pouch tape sales have been high for tacking property and are used for documents in shipping and logistics and others without damaging any packed things inside it. The demand for pouch tapes is rising as they help in wrapping properties that are essential for moisture resistance, abrasion resistance, etc. Pouch tapes market share is likely to expand as they have high tacking property, preventing rubbing off and reducing the chance of lost or delayed packages and bar codes from becoming scuffed and non-legible during the forecast period.
Moreover, pouch tapes provide a see-through window for easy document identification making it highly desirable for marketing purpose. Therefore, the global pouch tapes market share growth is expected to be positive over the forecast period.
Shipping and logistics sectors are expected to grow under the backdrop of e-commerce growth, increasing the sales of pouch tapes as per the market demand analysis. Pouch tapes have tacky borders, resulting in strong adhesion for attaching and protecting packing lists, information & work instructions and others that have raised the sales of pouch tapes in the postal communication department.
The key features leading to the demand for pouch tapes are high resistance to moisture and abrasion, which can be used in adverse climatic conditions. And the growing necessity of keeping the official documents safe is likely to grow the sales of pouch tapes in the coming years.
The demand for pouch tapes is rising as they are reducing waste disposal, thus resulting in reduced carbon emissions. It also improves the overall look of the package that has also contributed remarkably for the boosting of pouch tapes market share in last couple of years.
Pouch tapes offer less material usage which reduces the transportation and storage cost leading to greater demand for pouch tapes in recent years. Also pouch tapes are easy to use, low price, and exhibit good performance in various applications that is likely to increase the sales of pouch tapes in small scale industrial sectors.
Demand for pouch tapes is rising as they are light in weight, as it does not increase the overall weight of the products to be shipped. Pouch Tapes provide a quick, simple, and secure method of attaching documents, fueling the pouch tapes market share growth.
Despite the favorable opportunities, there has been a decline in the sales of pouch tapes in the recent past due to the stringent government regulations towards the use of plastics. Moreover, substitute products such as document pouches can hamper the pouch tapes market share growth to a certain degree.
North America is expected to dominate the pouch tapes market during the forecast period.
The North American region acquires about 32% of the share. Due to an increase in shipping and logistics activity in the region, the demand for pouch tapes in the countries of the United States and Canada is poised to remain intact throughout the forecast years.
Europe region is anticipated to follow North America in terms of growth rate and placed second in the sales of pouch tapes. It acquires 26% of the total pouch tapes market share all around the globe.
The increase in the e-commerce sector in European countries resulting in the consumer preference towards online purchasing, is likely to boost the sales of pouch tapes in Europe as per market survey.
New trends, innovative technology, and product phase are the tactics adopted by start-ups emerging in the pouch tapes market share at another height in recent years.
The pouch tapes start-up market is innovating on chemical resistance and adhesion pouch tapes which are not harmful and are performing better to re-use at your standards. These pouch tapes prevent the packed accessories with their electroplating solutions and are expected to drive the market in the coming forecast period.
Recently available printed pouch tapes are improved by 40% with Scotch adjustable tape dispenser M797 and scotch pouch tape dispenser M727 which can boost the demand for pouch tapes during the forecast period.
Some of the key players in the pouch tapes market are 3M, Irplast S.p.A., Lynx Polythene Ltd., and Flexopack Ltd., among others.
The industry players are focused on generating large revenue by adopting various methods, business model analysis, and key strategies that can be predicted to raise the pouch tapes market future trends as per market reports in the coming period.
IRPLAST, the pouch tapes company that innovates cost-saving solutions, has introduced print-on tape, UV-resistant, in its recently launched products with solvent-free and reverse printing techniques.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.4% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material Type, Width, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | 3M; Irplast S.p.A.; Lynx Polythene Ltd.; Flexopack Ltd |
| Customization | Available Upon Request |
The market is valued at USD 979.2 million in 2023.
The market is forecast to register a CAGR of 2.4% through 2033.
3M, Irplast S.p.A., and Lynx Polythene Ltd. are the key market players.
Rising demand from various industries to boost the market prospects.
North America is likely to generate a share of 32% in 2023.
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Pouch Tapes Market
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