Tear Tapes Market: An Overview
Tear Tapes are single-sided adhesive tapes which are applied on the outer packaging to facilitate unpacking of the package. Tear Tapes can be used on paper, films, and paperboard or corrugated board by being attached to their inner surfaces. Non-durable fast moving consumer goods such as cigarettes, non-alcoholic beverages, groceries or toiletries use these kinds of tear tapes. Tear Tapes are also instrumental in sealing courier envelopes and shipping boxes as they ensure easy unpacking. The use of Tear Tapes has aided in reducing the use of conventional tools such as knives and scissors for opening packages. Manufacturers offer Tear Tapes in a variety of colors, prints and sizes to cater to various applications. Among the different plastic materials polypropylene is the most attractive material for the manufacturing of Tear Tapes owing to its high tensile strength and low elongation.
Tear Tapes Market: Dynamics
The increasing use of consumer convenient packaging has fueled the demand for Tear Tapes in FMCG as well as food & beverages industry. The tobacco industry is a major end-user for Tear Tapes and is projected to grow at a CAGR of about 2.5% over the forecast period. This is anticipated to account for a hiked demand for Tear Tapes. Moreover, beverages, grocery and e-commerce packaging is expected to remain a key contributor in the Tear Tapes market. The increasing traction of Tear Tapes in the global adhesive tapes market can be attributed to the protection they provide from product tampering.
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Manufacturers are focusing on incorporating security features in the Tear Tapes by using various technologies such as holography, using multiple materials, colors and prints so that the tape stands out and becomes difficult to replicate. Anti-counterfeiting Tear Tapes are used mostly on cigarette boxes.
However, the stringent regulations from various governing bodies against the usage of plastics might hamper the Tear Tapes market.
Tear Tapes Market: Segmentation
Globally the Tear Tapes market has been segmented on the basis of material type, thickness, and end uses-
On the basis of MaterialType, the global Tear Tapes market has been segmented as follows-
- Polypropylene (PP)
- Bi-axially oriented polypropylene (BOPP)
- Mono- axially oriented polypropylene (MOPP)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
On the basis of Thickness, the global Tear Tapes market has been segmented as follows-
- Up to 20 micron
- 20 – 40 micron
- 40 – 60 micron
- More than 60 micron
On the basis of End Uses, the global Tear Tapes market has been segmented as follows-
- Food & Beverages
- Retail & E-commerce
- Shipping & Logistics
- Personal Care & Cosmetics
Tear Tapes Market: Regional Outlook
Geographically, the global Tear Tapes market has been divided into seven key regions as- Western Europe, North America, Latin America, Eastern Europe, Asia-Pacific excl. Japan, Japan, and Middle East & Africa. Asia Pacific region is dominating the global demand for Tear Tapes; this can be attributed to the steady demand for tobacco products as well as thriving demand for FMCG products. This trend is expected to continue owing to the rise in consumer spending in developing nations such as China, India, and ASEAN countries. Ease of opening that the Tear Tapes offer have increased their applications in consumer goods packaging such as multi-packs of cigarettes, biscuits, chewing gums and magnetic media.
Tear Tapes Market: Key players
Examples of some of the key players operating in the global Tear Tapes market are Tann Germany GmbH, DS Smith Plc, Polinas Plastik Sanayi ve Ticaret A.S., Septa GmbH, Anhui Eastern Communication Packing Material Co., Ltd, Big Beard Co. Ltd., Nowofol Kunststoffprodukte GmbH & Co KG and Femick Industries. Many local and unorganized players are expected to contribute to the global Tear Tapes market during the forecast period.
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 of the global Tear Tapes market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Tear Tapes market attractiveness as per segments. The report also maps the qualitative impact of various factors on Tear Tapes market segments and geographies.
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- A detailed overview of parent market
- Changing Tear Tapes market dynamics in the industry
- In-depth Tear Tapes market segmentation
- Historical, current, and projected Tear Tapes market size regarding volume and value
- Recent industry trends and developments in Tear Tapes market
- Competitive landscape of the Tear Tapes market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Tear Tapes market performance
- Must-have information for Tear Tapes market players to sustain and enhance their market footprint