The global paper tape market size was US$ 5,231.6 million in 2021. The global paper tape market size is forecast to reach US$ 7707.95 million by 2030, growing at a compound annual growth rate (CAGR) of 4.4% during the forecast period from 2022 to 2030.
Early communications and computing technologies used paper tape, a sluggish, low-capacity, sequential media for data storage. The paper tape stores data as patterns of punched holes, with the presence or absence of holes at particular locations representing the data. Utilizing specialized tape reading and writing equipment, the data was written and stored. A long strip of paper with holes punched through it was used as paper tape to store data. Paper tape typically had holes spaced 2.54 mm apart in both directions and was 0.1 mm thick. Some paper tapes had predetermined mechanical, electrical, and optical characteristics that allowed for universal application.
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Factors Influencing Market Growth
• The increasing application for stationary purposes and efficient merchandise stacking drive the global market.
• The inconsistent costs of the raw supplies used for making paper tapes may slow down the overall market growth.
• The increase in preference towards online shopping and rising environmental concerns about plastic usage boost the global market growth.
• The rising demand for eco-friendly paper tape is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Paper tape demand has decreased as a result of problems in various industries caused by the slump in end-use industries like logistics, building and construction, and automotive. The decline in the paper industry also had a direct impact on the production of paper tapes because of delays in raw material supply. Early Covid-19 transportation limitations hindered production across several industries, which, in turn, led to a decline in demand for paper tapes. These limits also caused a shortage of raw materials.
In order to address environmental concerns, the post-Covid age has brought forward fresh beginnings in the shape of a significant increase in paper tape manufacture.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising infrastructure spending and residential and commercial construction projects. In addition, growing urbanization and increasing research and services for eco-friendly materials for the environment suitability.
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Leading Competitors
The leading prominent companies profiled in the global paper tape market are:
• Winstone Wallboards
• CSR Gyprock
• Omni Group
• 3M Company
• Shurtape Technologies, LLC
• Cyklop
• USG Boral
• JV Converting Company, Inc
• FIPAGO
• Duck Brand
• Speciality Tapes Industry
• Shree Lamipack Private
• Euro Tapes Private Limited
• Can-Do Nationa
• RAJAPACK Ltd
• Intertape Polymer Group Inc
• Uline
• Janson Enterprises
• Other Prominent Players
Scope of the Report
The global paper tape market segmentation focuses on Product Type, Adhesive, Feature Type, Application, End-User, and Region.
Segmentation based on Product Type
• Masking Tape
• Packaging Tape
• Consumer & Stationary Tape
• Others
Segmentation based on Adhesive
• Rubber-based Adhesive
• Acrylic-based Adhesive
• Silicon-based Adhesive
Segmentation based on Feature Type
• Single sided
• Double-sided
Segmentation based on Application
• Masking
• Packaging
• Sealing
• Bundling
• Fixing
• General Use
• Decorating
• Labeling
• Others
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Segmentation based on End-User
• Building & Construction
• Automotive
• Retail & Logistics
• Aerospace & Defense
• Healthcare
• Electronics & Electrical
• General Industries
Segmentation based on Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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Meta Title: Paper Tape Market Size, Share, Insight, and Forecast 2022 to 2030
Meta Description: Global Paper Tape Market is projected to reach US$ 7707.95 million by the end of 2030 from US$ 5,231.6 million in 2021, at a CAGR of 4.4%
Meta Keywords: paper tape market Size, paper tape market share, paper tape market trend, paper tape market Forecast, paper tape market insight
Table of Content
Chapter 1: Global Paper Tape Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Paper Tape market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Paper Tape Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Paper Tape market Size Forecast (2023-2031).
Continue….
Key questions answered in the Market are:
What is the consumer buying behaviors and preferences in the market?
What are the key success factors and critical considerations for market entry or expansion?
What are the potential risks and challenges for market participants?
What are the investment opportunities and potential returns in the market?
What are the market segmentation strategies and target market identification?
What are the marketing and advertising strategies employed by successful market players?
What are the market entry barriers and competitive intensity?
What are the market forecasts and projections for the future?
What are the recommended strategies for market participants to achieve success?
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