The global carry handle adhesive tapes market was valued at $233.49 million in 2021, and is projected to reach $414.33 million by 2031, growing at a CAGR of 6% from 2022 to 2031.
Carry handle adhesive tapes facilitate transportation due to ease in packaging and bundling. Instead of stuffing products into plastic bags and cardboard boxes, carry handle tapes make it easy to transport shrink wrapped products anywhere. Depending on the package format, these tapes are available in a variety of sizes. Moreover, they exhibit excellent features, such as resistance to temperature variations and moisture conditions. In addition, adhesive tapes are also defined as backing materials, which are coated with adhesive. These tapes are classified on the basis of features, strength, and adhesive type. Carry handle adhesive tapes also have fluorescent properties that allow them to glow in the dark.
The carry handle adhesive tapes market is predicted to increase primarily due to growth in end-user industries. The rise in use of adhesive tapes in developing countries poses a lucrative opportunity for the market growth. These self-adhesive handles are an affordable, convenient, and environment-friendly option to carry packages, which reduces the need for plastic shopping bags. Moreover, demand for light-weight vehicles and use of bolts, rivets, screws, and other traditional fastening techniques and devices are substituted by carry handle adhesive tapes. In addition, the need for adhesive tapes for electronic device miniaturization is further expected to fuel the market growth. Furthermore, the growth of the packaging industry is anticipated to pose promising opportunities for manufacturers in the global carry handle adhesive tapes market during the forecast period. Moreover, rise in number of applications is expected to contribute toward the development of the market across the globe. However, stringent regulatory approvals required for the production of tapes is expected to hinder the market growth.
The carry handle adhesive tapes market is segmented on the basis of type, technology, end-user industry, and region. On the basis of type, the market is classified into acrylic, rubber, silicone, ethylene vinyl acetate, and others. On the basis of technology, the market is classified into water-based, solvent-based, hot melt, radiation-based, UV-cured, and electronic beam-cured. On the basis of end-user industry, the market is classified into packaging, electronics, construction, medical, and others. The packaging segment is further divided into food, beverages, and tissues & toiletries. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include, 3M, Airmaster Adhesive Tapes, Alimac Srl, Boston Tapes Commercial Srl, Davik Industries, Logo tape GmbH & Co. KG, NRG Tapes, Supertape, Tesa SE, and VENERA D.O.O. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
Carry handle adhesive tapes facilitate transportation due to ease in packaging and bundling. Instead of stuffing products into plastic bags and cardboard boxes, carry handle tapes make it easy to transport shrink wrapped products anywhere. Depending on the package format, these tapes are available in a variety of sizes. Moreover, they exhibit excellent features, such as resistance to temperature variations and moisture conditions. In addition, adhesive tapes are also defined as backing materials, which are coated with adhesive. These tapes are classified on the basis of features, strength, and adhesive type. Carry handle adhesive tapes also have fluorescent properties that allow them to glow in the dark.
The carry handle adhesive tapes market is predicted to increase primarily due to growth in end-user industries. The rise in use of adhesive tapes in developing countries poses a lucrative opportunity for the market growth. These self-adhesive handles are an affordable, convenient, and environment-friendly option to carry packages, which reduces the need for plastic shopping bags. Moreover, demand for light-weight vehicles and use of bolts, rivets, screws, and other traditional fastening techniques and devices are substituted by carry handle adhesive tapes. In addition, the need for adhesive tapes for electronic device miniaturization is further expected to fuel the market growth. Furthermore, the growth of the packaging industry is anticipated to pose promising opportunities for manufacturers in the global carry handle adhesive tapes market during the forecast period. Moreover, rise in number of applications is expected to contribute toward the development of the market across the globe. However, stringent regulatory approvals required for the production of tapes is expected to hinder the market growth.
The carry handle adhesive tapes market is segmented on the basis of type, technology, end-user industry, and region. On the basis of type, the market is classified into acrylic, rubber, silicone, ethylene vinyl acetate, and others. On the basis of technology, the market is classified into water-based, solvent-based, hot melt, radiation-based, UV-cured, and electronic beam-cured. On the basis of end-user industry, the market is classified into packaging, electronics, construction, medical, and others. The packaging segment is further divided into food, beverages, and tissues & toiletries. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include, 3M, Airmaster Adhesive Tapes, Alimac Srl, Boston Tapes Commercial Srl, Davik Industries, Logo tape GmbH & Co. KG, NRG Tapes, Supertape, Tesa SE, and VENERA D.O.O. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
IMPACT OF COVID-19 ON CARRY HANDLE ADHESIVE TAPES MARKET
- COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffered from the COVID-19 crises include, Germany, France, Italy, Spain, UK, and Norway.
- Due to the COVID-19 pandemic, transport limitations were implemented, which resulted in reduced industrial production and disrupted supply chains. Thus, affecting the global economic growth by a substantial proportion and severely impacting the market growth.
- Companies were not earning any profit as a result of the work stoppage and not only the companies lost the money but they also lost suppliers who were providing the required materials to various companies to be used in the construction sector. All those suppliers also faced huge losses.
- Carry handle adhesive tape is used in the packaging industry, primarily for packaging of food & beverages, cosmetics, industrial, and personal care products. Online grocery sales accounted for 12.4% of all e-commerce sales in the U.S. in 2021. During and after the lockdown, a large number of people switched to online food shopping, and hence, the trend of sustainable packaging was continued.
- Companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased carry handle tape penetration sustainability.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carry handle adhesive tapes market analysis from 2021 to 2031 to identify the prevailing carry handle adhesive tapes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the carry handle adhesive tapes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
Key Market Segments
By Type
- Rubber
- Silicone
- Ethylene Vinyl Acetate
- Others
- Acrylic
By Technology
- Water-Based
- Solvent-Based
- Hot Melt
- Radiation-Based
- UV Cured
- Electronic Beam Cured
By End-User Industry
- Packaging
- Electronics
- Construction
- Medical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Tesa SE
- VENERA D.O.O.
- Supertape
- 3M
- Airmaster Adhesive Tape
- Alimac Srl
- Boston Tapes Commercial Srl
- Davik Industries
- NRG Tapes
- Logo tape GmbH & Co. KG
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CARRY HANDLE ADHESIVE TAPES MARKET, BY TYPE
CHAPTER 5: CARRY HANDLE ADHESIVE TAPES MARKET, BY TECHNOLOGY
CHAPTER 6: CARRY HANDLE ADHESIVE TAPES MARKET, BY END-USER INDUSTRY
CHAPTER 7: CARRY HANDLE ADHESIVE TAPES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Carry Handle Adhesive Tapes Market," the carry handle adhesive tapes market was valued at $233.49 million in 2021, and is estimated to reach $414.33 million by 2031, growing at a CAGR of 6% from 2022 to 2031.The carry handle tape is a strip of polypropylene with a coating layer and a non-adhesive part for the hand. The carry handle tape is extremely adaptable and can be used on a variety of consumer packages. The carry handle tape is commonly used on beverage packaging, which comes in a variety of shapes. It is applied to packaging with different surfaces, such as shrink film (multipacks), PET bottles, gallons, large bottles, cartons, bricks, flexible plastic, and rigid packs.
Factors that drive the growth of the global carry handle adhesive tapes market include, growth in the packaging industry. In addition, carry handle tapes not only minimize the packaging material but also reduce the plastic usage required to handle products. These benefits are expected to aid the market growth during the forecast period.
On the basis of type, the rubber segment accounted for more than half share of the global carry handle adhesive tapes market in 2021, and is expected to maintain its dominance during the forecast period.
On the basis of technology, the hot melt segment dominated the global carry handle adhesive tapes market in terms of revenue, in 2021, owing to increase in urbanization in emerging countries.
On the basis of end-user application, the packaging segment dominated the global carry handle adhesive tapes market in terms of revenue, in 2021, owing to increase in urbanization in emerging countries. The carry handle adhesive tapes market is segmented on the basis of type, technology, end-user industry, and region. On the basis of type, the market is classified into acrylic, rubber, silicone, ethylene vinyl acetate, and others.
On the basis of technology, the market is classified into water-based, solvent-based, hot melt, radiation-based, UV-cured, and electronic beam-cured. On the basis of end-user industry, the market is classified into packaging, electronics, construction, medical, and others. The packaging segment is further divided into food, beverages, and tissues & toiletries. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include, 3M, Airmaster Adhesive Tapes, Alimac Srl, Boston Tapes Commercial Srl, Davik Industries, Logo tape GmbH & Co. KG, NRG Tapes, Supertape, Tesa SE, and VENERA D.O.O. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
Key Findings of the Study
- By type, the rubber segment is projected to grow at the highest CAGR of approximately 5.5%, in terms of revenue, during the forecast period.
- By technology, the hot melt segment is expected to dominate the market during the forecast period.
- By end-user industry, the packaging segment is projected to grow at the highest CAGR of approximately 5.4%, in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with highest revenue shares of $173.95 million in 2021.
The qualitative data in this report aims at the market dynamics, trends, and developments in the industry
IMPACT OF COVID-19 ON CARRY HANDLE ADHESIVE TAPES MARKET
- COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffered from the COVID-19 crises include, Germany, France, Italy, Spain, UK, and Norway.
- Due to the COVID-19 pandemic, transport limitations were implemented, which resulted in reduced industrial production and disrupted supply chains. Thus, affecting the global economic growth by a substantial proportion and severely impacting the market growth.
- Companies were not earning any profit as a result of the work stoppage and not only the companies lost the money but they also lost suppliers who were providing the required materials to various companies to be used in the construction sector. All those suppliers also faced huge losses.
- Carry handle adhesive tape is used in the packaging industry, primarily for packaging of food & beverages, cosmetics, industrial, and personal care products. Online grocery sales accounted for 12.4% of all e-commerce sales in the U.S. in 2021. During and after the lockdown, a large number of people switched to online food shopping, and hence, the trend of sustainable packaging was continued.
- Companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased carry handle tape penetration sustainability.
Companies Mentioned
- Tesa Se
- Venera D.O.O.
- Supertape
- 3M
- Airmaster Adhesive Tape
- Alimac Srl
- Boston Tapes Commercial Srl
- Davik Industries
- Nrg Tapes
- Logo Tape GmbH & Co. Kg
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 346 |
| Published | June 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 233.49 million |
| Forecasted Market Value ( USD | $ 414.33 million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
