Acrylic Packaging Tapes Market: An Overview
The acrylic packaging tapes are frequently used to wrap heavy load cartons and product packages. Industries are spending large amount of capital on in-transit conditions to preserve the goods which are transported and acrylic packaging tape helps in maintaining the integrity of the cargo. Acrylic packaging tapes are having properties such as high shelf-life, strength and capability of handling large quantities of weight product. Due to all these reasons, there has been a drastic rise in the consumption for the market.
Acrylic packaging tapes are used for many purposes but majorly for maintaining the integrity of the product packaged and securing the contents inside it. They are constructed with high shear adhesives which significantly increases the stress holding capacity of the tape. Nowadays new advances have made the product UV light resistant and also the acrylic packaging tape can hold any mass from light to heavy product industry. Resistance to direct UV light from sun will be a major factor for increase in sales of acrylic packaging tapes market.
Acrylic Packaging Tapes Market: Dynamics
Acrylic packaging tape have numerous qualities due to which it is used predominantly in packaging industry to provide logistical support of heavy weight packaging cartons. Due to extensive number of uses and properties, the acrylic packaging tapes market is anticipated to rise in the coming future.
Qualities that pertain to the market such as longevity and durability of acrylic packaging tape over surfaces such as metal and polycarbonates will be responsible to augment the trade in this market. In addition to the fact that acrylic packaging tape doesn't break up in contact with difficult conditions like high temperatures and direct UV light penetration are some of the reasons that increase the sales of acrylic packaging tapes in the market. Acrylic packaging tapes are considered a greener option in comparison to other substitutes and also retain the original colour in addition to age resistance. These factors are the reason for the spike in demand for acrylic packaging tapes in the forecasted period.
However, the cost factor will be the reason that restricts the growth of the market because acrylic packaging tapes are expensive in comparison to traditional rubber sealing tapes. The usage of plastics in the production of acrylic packaging tapes creates a large amount of waste which also creates stringent conditions for the growth of the market, these reasons will be the major cause for the drop in sales for the acrylic packaging tapes market.
Acrylic Packaging Tapes Market: Segmentation
Based on thickness, the acrylic packaging tapes market is segmented into:
- Up to 0.04 mm
- 0.04 to 0.09 mm
- Above 0.09 mm
Based on product type, the acrylic packaging tapes market is segmented into:
- Single Sided
- Double Sided
Based on adhesive type, the acrylic packaging tapes market is segmented into:
Based on end-use industries, the acrylic packaging tapes market is segmented into:
- Food and Beverage
- Cosmetic and Personal Care
- Shopping and Logistics
- Electronics and Electricals
Acrylic Packaging Tapes Market: Regional Outlook
Asia Pacific region is forecasted to be the largest producer of acrylic packaging tapes and it also contributes the biggest market share, so to intercept it contributes to having a notable share in the acrylic packaging tapes market. Europe is predicted to have a mature market in respect to all other regions. North America is foreseen to follow the Asia Pacific in the acrylic packaging tapes market on the back of astonishing expansion and penetration of E-commerce and logistics sectors in the region. The middle east and Africa is subsequently increasing its consumption of basic amenities in food & beverage, electrical & electronics sector which has given rise to production of local products. This trend has anticipated to be beneficial for the rise of acrylic packaging tapes market in the forecasted period.
Acrylic Packaging Tapes Market: Key Players
Some of the global acrylic packaging tapes manufacturers: -
- The 3M Company
- tesa SE (Beiersdorf AG)
- Saint-Gobain Group
- Shurtapes Technologies LLC
- Vibac Group S.p.a.
- Primetac Corporation
- Can-Do National Tapes
Some of the APAC acrylic packaging tapes manufacturers: -
- Bagla Group
- Guangdong YueHui Technologies Inc.
- Yiwu Boham Technology Co. Ltd.
- Shenzhen Chengxing Packaging & Material Co. Ltd.
Regional Analysis Include:
- North America
- Latin America
- Middle East & Africa (MEA)
The report acrylic packaging tapes market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on acrylic packaging tapes market segments and geographies.
- A detailed overview of the parent market
- Changing acrylic packaging tapes market dynamics in the industry
- In-depth acrylic packaging tapes market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the acrylic packaging tapes market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.