The global paper tapes market is expected to account for USD 5.6 billion valuations in 2023, and is set to further accelerate at a CAGR of 4.6% throughout the estimated time frame (2023 to 2033). The market is anticipated to reach a valuation of USD 9.0 billion by 2033. Top 5 companies across the globe are likely to generate around 20% to 22% of market share in 2022.
There are different types of paper tapes available for numerous purposes such as packaging, masking, consumer, and stationary use. Paper tapes are extensively used for packaging and masking. They have good abrasion and tensile strengths that are required in the building and construction industry. Removability is also important during masking applications. Painters use paper tapes for framing, labeling, and bordering as they are easily tearable by hand.
Ability to offer a fast stick, first-rate adhesion, and high tensile strength makes paper tapes immensely popular among various end users. These tapes are appropriate for both indoor and outdoor applications, specifically in the construction industry.
Based on product type, the masking tape segment is projected to remain at the forefront as they are considered to be a versatile type of tape worldwide. The paper tape industry is set to create an absolute dollar opportunity of around USD 3.3 billion from 2023 to 2033.
The paper tapes industry is further expected to witness a positive growth outlook during the assessment period. Future Market Insights anticipates that paper tapes sales will rise from 2023 to 2033, and is likely to create an incremental opportunity of USD 3.3 billion during the same year.
Paper tapes are gaining traction among numerous industries as these are extensively used for the packaging of delicate products. Paper tapes provide more efficiency, as compared to other types of tapes. The paper tapes industry is anticipated to expand 1.6x the current value during the forecast period.
| Attributes | Key Insights |
|---|---|
| Paper Tapes Market Estimated Size (2023E) | USD 5.6 billion |
| Projected Market Valuation (2033F) | USD 9.0 billion |
| Value-based CAGR (2023 to 2033) | 4.6% |
| Collective Value Share: Top 5 Companies (2022E) | 20% to 22% |
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The global paper tapes market witnessed a CAGR of 4.5% during the historical period between 2014 and 2022. It stood at a valuation of USD 5.1 billion in 2022 from USD 4.7 billion recorded in 2014. Paper tapes are adhesive tapes that are mainly used for masking, packaging, labeling, and splicing. Most paper tapes are designed to fulfill high demand for sealing industrial and consumer goods.
Paper tapes are also used in various industries, including automotive, retail & logistics, healthcare, and electrical & electronics. As paper tapes are pressure-sensitive and easy to extract from the skin, the healthcare industry uses them for several medical purposes. There is no damage or allergy to the skin from paper tapes during medical treatment, and they are set to be a better alternative to cellophane or plastic.
Implementation of paper tapes is projected to rise in the next ten years as manufacturers shift their focus toward protective packaging. All of these aforementioned factors are likely to assure substantial growth for paper tapes sales during the forecast period.
Requirement of Secure Packaging to Drive Paper Tape Dispenser Sales by 2033
High demand for paper tapes among industries such as automotive, retail & logistics, building & construction, and electrical and electronics is projected to drive sales in the global market. Paper tapes can help improve speed during packaging and have good adhesion with zero waste.
Paper tapes are environmentally friendly and recyclable when compared to their plastic alternatives. Increasing demand for tamper-evident solutions among logistics companies as certain products require safe and secure packaging to prevent damage, is projected to aid demand for paper tapes.
With spurring demand for secure packaging and high preference for sustainability, the global market is estimated to escalate at a rapid pace. Increasing awareness across the globe regarding the need to reduce plastic waste is another vital factor that would propel the market during the forecast period.
| Country | USA |
|---|---|
| Market Share (2023) | 21.1% |
| Market Share (2033) | 17.9% |
| Basis Points (BPS) Analysis | -320 |
| Country | China |
|---|---|
| Market Share (2023) | 7.9% |
| Market Share (2033) | 8.2% |
| Basis Points (BPS) Analysis | 30 |
| Country | India |
|---|---|
| Market Share (2023) | 6.7% |
| Market Share (2033) | 8.3% |
| Basis Points (BPS) Analysis | 170 |
| Country | Japan |
|---|---|
| Market Share (2023) | 6.6% |
| Market Share (2033) | 7.7% |
| Basis Points (BPS) Analysis | 110 |
| Country | Germany |
|---|---|
| Market Share (2023) | 4.8% |
| Market Share (2033) | 4.0% |
| Basis Points (BPS) Analysis | -70 |
Increasing Paper Manufacturing in India to Bolster Demand for Eco-friendly Packaging Tapes
India is projected to create an incremental growth opportunity of USD 314.3 million during the estimated time frame. Paper industry is improving in India as the country has ample of economical raw material for production.
Paper consumption across India is set to surge in sync with its robust economic growth. As per data provided by the Indian Paper Manufacturers Association (IPMA) in 2021, paper industry in India accounts for around 5% of the global paper production. Paper industry is picking up pace in India and it is pushing paper tape sales in the country.
Vehicle Masking Activities across France to Propel Sales of Paper Scotch Tapes
France is set to be one of the leading manufacturers of automotive in the world. According to data provided by the French Automotive Industry, French manufacturers produced nearly 8 million vehicles in 2019, and around 81% of all vehicles produced by manufacturers in France are sold abroad, with passenger cars accounting for the leading mode of domestic travel in France.
Automotive require masking, spray painting, color customization, and sealing for turning them into modified versions. During masking application, paper tapes are widely used for fine finishing. The automotive industry is hence expected to boost demand for paper tapes across France.
Sales of Masking Paper Packaging Tapes to Skyrocket with their Excellent Stretching Properties
Masking tape offers good adhesion with pressure-sensitive properties, and is easy to tear. The masking tape segment is set to hold around 40.8% of market share by 2023. These tapes have plenty of adhesives, but when they are removed, no residue is left behind where the tape was previously applied.
Masking tape has good stretching properties and an external release coat with two different types of adhesives, namely, acrylic and synthetic rubber adhesive. These tapes are commonly used for painting as they provide a smooth finish throughout the process.
Masking tapes are also used during the cutting or laminating process to avoid extra cuts and provide perfect cutting. These properties of masking tapes make them unique and distinctive among other types of tapes. Eventually, this factor will offer a dynamic growth opportunity for the global paper tapes industry.
Custom Paper Tapes Are Likely to be Demanded by Packaging Companies Worldwide
As per Future Market Insights, the packaging segment is expected to surge at a CAGR of 4.2% during the forecast period. The segment has gained immense popularity among end users. Packaging is an important step to prevent products from spoiling, whether they are in bulk or in small quantities. Paper tapes are sustainable as the material is naturally obtained. Following the pandemic, numerous paper tapes are being extensively used by e-commerce companies for packaging and unboxing their products.
E-commerce has largely boosted the market, and paper tapes have been used to protect products from damage during packaging. Paper tapes do not require a double layer of tape, are tamper-proof, and cannot be opened by breaking or opening. The packaging segment is hence projected to hold a significant portion of the global paper tapes industry.
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Players operating in the global paper tapes market are diversifying their supply chains across numerous regions, as more than half of their sales are concentrated in North America and Europe. Few key players are focusing on sustainable packaging solutions to diversify their product portfolios. These companies are also investing in new production facilities to broaden their product supply.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 5.6 billion |
| Projected Market Valuation (2033) | USD 9.0 billion |
| Value-based CAGR (2023 to 2033) | 4.6% |
| Historical Data | 2014 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) and Volume (million Sq. M.) |
| Segment Covered | Product Type, Adhesive Type, Application, Feature Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, Gulf Cooperation Council Countries, Australia |
| Key Companies Profiled | 3M Company; Shurtape Technologies LLC; Tesa SE; Saint-Gobain Tape Solutions Europe; Nitto Belgium NV; Advance Tapes International Ltd.; Vibac Group S.p.a; Intertape Polymer Group Inc.; Berry Global, Inc.; Folsen Tapes; FABO s.p.a.; Scapa Industrial; Cintas Adhesivas Ubis, S.A.; MBK Tape Solutions; NADCO Tapes & Labels, Inc.; Sicad Group; PPI Adhesive Products Limited.; Tape India (SHA KUNDNMAL MISRIMAL); Rotogal di Gallio Angelo & C. s.n.c.; Shanghai Yongguan Adhesive Productions Corp., Ltd; ADH Tape |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is expected to grow at a CAGR of 7.4% from 2023 to 2033, creating opportunities for investors.
The paper tapes market performed well, with a CAGR of 4.5%.
The projected market growth rate is 4.6% from 2023 to 2033.
Yes, RFID-enabled, self-adhesive, water- resistant, and biodegradable paper tapes.
Yes, the market is not well-developed in some emerging markets, lack of awareness, and a need for innovative products.
| Estimated Market Size (2024E) | USD 269.7 million |
|---|---|
| Projected Market Value (2034F) | USD 422.9 million |
| Value-based CAGR (2024 to 2034) | 4.6% |
| Market Value 2023 | USD 2.3 billion |
|---|---|
| Market Projected Value (2033) | USD 3.6 billion |
| Market CAGR (2023 to 2033) | 4.7% |
| Market Estimated Size (2023) | USD 78.5 billion |
|---|---|
| Market Forecasted Size (2033) | USD 126.6 billion |
| Market CAGR (2023 to 2033) | 4.9% |
| Market Size (2023) | USD 5,153.4 million |
|---|---|
| Projected Market Value (2033) | USD 7,926.82 million |
| Market CAGR (2023 to 2033) | 4.4% |
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