Packaging Solutions are high in demand and growing owing to a variety of factors such as increasing disposable income, growth in e-commerce and so on. From 2020 to 2030, these solutions will lead to notable growth in the global paper tapes market, opines Transparency Market Research. The robust CAGR will pave way towards lucrative opportunities and better worth.
On the other hand it is quite worth noting that region-wise their competition between Asian and European markets is set to grow more intense over the forecast period. However, North America will continue to hold a significant share in market. Players in the market are trying to tap into novel opportunities in these regions.
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Global Paper Tapes Market: Competitive Landscape
The global paper tapes market is fragmented as far as the number of players operating its vendor landscape is concerned. These players are in a fierce competition as far as market share is concerned are opting for a diverse range of organic and inorganic strategy to stay ahead of the game. Some of the most prominent market players that are marking the vendor landscape of global paper tapes market are:
- 3M Company (US)
- tesa SE (Germany)
- Nitto Denko Corporation (Japan)
- Lintec Corporation (Japan)
- Intertape Polymer Group (Canada)
- Avery Dennison Corporation (US)
- Lohmann GmbH (Germany)
- Berry Global Inc. (US)
- Scapa Group PLC (Canada)
- Rogers Corporation (US)
Global Paper Tapes Market: Key Trends and Drivers
- Pharmaceutical sector is anticipated to emerge as a lucrative avenue. New opportunities and billion dollar profits would be enabled by this sector, creating white spaces in healthcare. This would help demand for surgical paper tapes grow notably. The many benefits of these tapes will keep the trajectory for growth in global paper tapes market upward. Some of these benefits include swifter recovery, gentle removal, long-lasting bond, and preserved skin integrity.
- Growth in the retail and logistics domain is also set to be a notable growth propeller in the global paper tapes market over the forecast period. Building and construction, which is set to witness a massive volume boost in the coming decade is set to propel demand in the market too. Growing population is driving demand for housing and other amenities and buildings, while an increase in disposable income is oiling the wheels of retail and logistics over the forecast period. In the latter these tapes perform heavy duty tasks and are set to witness high revenues.
- Over the forecast period, 2 billion people will be added to current population as per recent demographics studies by the year of 2050. This is set to create demand in a number of industries that will ultimately fuel growth in the global paper tapes market over the stated period.
Global Paper Tapes Market: Regional Analysis
The dominant share of the global paper tapes market will be held by North American region over the report’s assessment period. Europe will be close to this share over this period. On the other hand, it is quite pertinent to note here that there would be fierce competition between the markets of Europe and Asia. Growth in Europe will be significant. Sales of paper tapes will grow notably here. Countries such as India, the United States of America, and China will hold a massive share of the volume increase in buildings and construction industry and that is set to drive the market on a high growth trajectory.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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