Parcel Tapes Market - Overview
The parcel tapes market is gaining strong pull from the market due to the massive growth of the retail industry. Almost every industry need parcel tapes for basic packaging purpose during transportation. The challenges such as light weight and UV resistance based materials are highly demanded by the end use customers of the parcel tapes. Numerous innovative technologies and machineries are being used worldwide by the manufacturers for parcel tapes to reduce the time taken by the products to reach the market. The innovative parcel tapes has absolute transparency, better adhesion, clean positioning and high aging resistance, due to these features parcel tapes market has rising growth in the forecasted period. To increase the aging resistance variety of adhesives for parcel tapes are used. The Low temperate with pressure sensitive acrylate based adhesives helps to provide easy labelling of the parcel tapes and furthermore, ultra-violate acrylate adhesive perform far better for demanding parcel tapes. Due to the increasing demand of retail or online package delivery industries, parcel tapes market will witness strong market demand in the future.
Parcel Tapes Market - Dynamics
Growth in demand for parcel tapes is expected to grow strongly for several reasons. The availability of various materials and designs in the parcel tapes market has boost its applications in few more industries. The industries such as retail packaging, food, beverages, automobile and e-commerce. In the automotive industry, the demand for parcel tapes with strong adhesives and good material quality is anticipated to increase in the forecasted period. The parcel tapes are widely accepted by food beverages and retail industry. However, there are few factors which affect negatively on the demand of parcel tapes. The availability of other options such as staplers and other adhesive tapes may hinder the performance of the parcel tapes in the market.
Furthermore, the food, beverages and automotive & transportation industry are the most exposed industries during the COVID-19 pandemic and is currently showing unusual uncertainty in the market. COVID-19 outbreak is witnessed to have a remarkable impact on the product demand and supply chain in the food and e-commerce sectors. This will impact on the growth of the parcel tapes market in the forecasted period. Overall, the global parcel tapes market is estimated to increase with notable CAGR during the forecast period.
Parcel Tapes Market - Segmentation
On the basis of adhesive type, global parcel tapes market can be segmented as:
- Hot Melt
On the basis of distribution channel, global parcel tapes market can be segmented as:
- Online retail / E-commerce
- Convenience stores
On the basis of end use industries, global parcel tapes market can be segmented as:
- Food and Beverages
- Consumer Goods
- Others (FMCG etc.)
Parcel Tapes Market - Regional Outlook
The global parcel tapes are expected to grow with healthy CAGR all over the world during the forecast period. North America has always been a dominant market for parcel tapes since last few decades. The parcel tapes has good received good demand from the European market, as the manufacturers from this region has timely introduced innovative products in last few years. Due to the increased purchasing power of the emerging regions such as the Middle East and Africa, East and South Asia, parcel tapes market demand has increased drastically. Also, increasing demand of online delivery food industry will boost the parcel tapes market demand in the forecast period. Overall, the global parcel tapes market is expected to remain positive during the forecast period.
Parcel Tapes Market - Key Players
Some prominent players in the global parcel tapes market are as below:
- The 3M Company
- Avery Dennison Corporation
- Henkel Adhesives Technologies India Private Limited
- Nitto Denko Corporation
- Tesa Tapes Pvt Ltd
- Advance Tapes International Ltd.
- Adhesives Research Inc.
- Bostik India Pvt. Ltd.
- Evans Adhesive Corporation
- Franklin International
- H.B. Fuller Company
- Intertape Polymer group
- Lintec corporation
- Lohmann GmbH & Co.KG
- MACtac Americas
The report 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 parcel tapes market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
- A detailed overview of parent market
- Changing parcel tapes market dynamics in the industry
- In-depth parcel tapes market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the parcel 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?
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