Pouch Tapes Market

Pouch Tapes Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Pouch Tapes Market grew at a CAGR of 2.8% between 2017-2021 and is estimated to be US$ 1,142.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.4% and is expected to reach a valuation of US$  1,595.8 Mn by 2032 end.

Pouch tapes have been high for tacking properties and are used for documents in shipping and logistics. The demand for pouch tapes is rising as they help wrap parcels, which is essential for moisture and abrasion resistance.

Market Dynamic

THE RISE IN DEMAND FOR ELECTRONIC MAILING WILL BOOST THE MARKET

A rise in the use of pouches in postal communication systems and an increase in electronic mailing traffic primarily drives the growth of the pouch tape market. Factors such as the growing trend towards cost-cutting, government initiatives related to e-commerce, and the increasing use of pouches in the shipping and logistics sectors are also expected to propel the growth of this market. Automation initiatives have increased production efficiency and advertising expenditure, leading to intense competition among manufacturers and decreasing prices.

STRINGENT GOVERNMENT RULE HAMPERS THE MARKET GROWTH

There has been a recent decline in the sales of pouch tapes due to stringent government regulations towards the use of plastics. However, the market for pouch tapes is witnessing a revival momentum as it offers a quick, simple, and secure method of attaching documents.

GREAT ADAPTABILITY AND EASE OF HANDLING WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

Pouch tapes are a type of closure material made of plastic or paper that is a secure and sturdy way to seal a package. It can also be used to seal envelopes or small containers. The pouch tape market is highly dynamic and prone to fluctuations in volume, sales, prices, and production levels. This report aims at shedding light on the current state of pouch tapes market shares in the global market, thereby helping companies identify their respective growth areas.

COVID-19 Impact

The sudden illness coronavirus pandemic caused a significant impact on the growth and expansion of e-commerce applications. In several projects, the use of pouch tapes declined in 2021 and was attributed to the decreased number of factories being opened globally in 2020’s first and second quarters. However, it is anticipated that adopting online shopping and safe delivery will drive demand for pouch tapes and thus grow market value until 2027.

Market Segments Covered in Report

By Material Type:

• Polypropylene
• Polyethylene
• LDPE
• HDPE

By Product :

• Table Type
• Handheld
• Others

By Width:

• Less than 5.”
• 5″ to 6.”
• Above 6″

By End User:

• Shipping and Logistics
• Food and Beverages
• Paper And Packaging Industry
• E-Commerce
• Warehouse Shipping
• Commercial

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is handheld pouch tape projected to ensure the most revenue during the forecast period?

The handheld pouch tape dispenser is the most demanded product in the market, with the highest revenue rate during the forecasted period. It is easy to handle, portable, and lightweight to carry anywhere. The product is good quality with an attractive look ranging from black to silver matte finish. A double-sided tape dispenser has been incorporated so that it can paste two sides of the tape together for easy application of the product on its rolls.

Why is the Paper And Packaging Industry segment expected to expand the fastest during the forecast period?

In 2021, The paper and packaging industry will have the fastest-growing segment of the global market due to the advent of dispensers with a foam manage tape gun and a movable control knob, making implementing tape without distress simpler throughout the projected period. The flexible, non-corrosive product can be applied without shocking or causing damage to conveyor belts, equipment, or other products.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, Asia Pacific will be the dominant region for the pouch tape market during the forecast period. The region acquires about 39.5% of the share. Due to an increase in shipping and logistics activity in the region, demand for pouch tapes in India and China 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, which makes it an important market for companies producing this product.

Competition Analysis

By signing a contract with a specific product manufacturer to produce the pouch tape product line, several key market players in the global Pouch Tapes Market sector are now more focused on setting-up effective joint ventures, acquisitions, and collaborations to expand their respective consumer bases.

A list of some of the key suppliers present in the market are:

• 3M
• Irplast S.p.A.
• Lynx Polythene Ltd.
• Flexopack Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.