Valley Cottage, NY -- (SBWIRE) -- 11/24/2017 -- The most commonly used tape, Brown Gummed Tape accounts for more than 85% of the global gummed tapes market
The revenue share of the brown gummed tape segment is expected to experience a gain of 150 basis point by 2027. Revenue contribution of the brown gummed tape segment is expected to increase at a CAGR of 5.7% over the forecast period. The segment is expected to create incremental opportunity of more than US$ 630 Mn between 2017 and 2027. The brown gummed tape segment is expected to grow 1.74X over the forecast period.
The white gummed tape segment is expected to lose 150 basis points during the forecast period. Revenue contribution of the white gummed tape segment is expected to register a CAGR of 4.4% to reach more than US$ 200 Mn in terms of value by 2027. In terms of value, the segment is expected to create incremental opportunity of more than US$ 70 Mn between 2017 and 2027 and is anticipated to grow 1.6X over the forecast period.
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Natural brown gummed tapes segment high on sales revenue in Western Europe
The brown gummed tape segment represents an incremental opportunity of US$ 36.3 Mn from 2017 to 2027 in Latin America, while the white gummed tape segment is estimated to grow at a CAGR of 4.2% during the same period to reach a market valuation slightly over US$ 10 Mn by 2027. In Western Europe, the brown gummed tape segment is estimated to be valued at more than US$ 220 Mn by 2027. The white gummed tape segment in the APEJ gummed tapes market is estimated to grow at a value CAGR of 5.5% during the forecast period, to reach more than US$ 65 Mn by 2027.
Convenience and ease of use of gummed tape is expected to favour white and brown gummed tape segmental growth over the forecast period
Brown and white gummed tapes are more efficient regarding improving and maintaining the aesthetic value of the packaging. Gummed tapes are widely used in printing applications for providing company and product information as these can be customised with various prints as per specific customer requirements.
The packaging of cartons sealed with gummed tapes degrades at a much slower rate on variation in temperatures and performs better in a humid and deep freeze environment in comparison with regular pressure sensitive tapes. Prolonged use of tape guns for sealing cartons has an adverse effect on the wrist of workers, making the workers inefficient and reducing productivity. In contrast, use of gummed tapes does not have any such adverse effect. This is boosting the growth of brown and white gummed tapes in the global market.
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Use of gummed tapes provides better protection for the goods in transit, which limits the loss of goods and improves the fill rate while helping achieve customer satisfaction and also benefitting each node in the supply chain. Gummed tapes cannot be removed without leaving a mark and any attempt of removing the sealing tape will damage the carton itself. Soaring sales value in the online retail format has increased the need for protecting the goods from theft during transit. Use of gummed tape has depleted the cases of theft to almost null while reducing the insurance claims on the loss of property during transit.
Rising concern of regulatory authorities on the increasing plastic waste is driving the brown and white gummed tape segment. The adhesives used in gummed tapes have very low toxicity levels and any small spilling of adhesives during the manufacturing process can be easily contained in soil or other inert material. The adhesives used in gummed tapes do not cause any harmful effects on human beings in case there is any skin contact.
The chemicals used in the manufacturing of adhesives for gummed tapes are stable in nature and do not undergo any hazardous reactions. Sealing of cartons with self-adhesive tapes can be harmful for the environment as their bonding strength is weak, which leads to excessive use of the tape for securing the packaging thereby leading to an increase in plastic waste. Use of gummed tape requires only one strip of tape for sealing the cartons, which makes it a more resource efficient option. All these factors are fuelling the growth of brown and white gummed tapes in the global gummed tapes market.