The tape dispenser market will grow at a CAGR of 3.8% over the forecast period, 2020-2030. The market growth can be primarily attributed to logistics and e-commerce industries. Growing online sales volumes of non-essential and essential products has amplified the requirement for effective packaging solutions, producing prospects for tap dispenser manufacturers.
“Escalated requirement for precision-based packaging solutions is boosting vendors to integrate technological developments such as AI to provide quality solutions to key end-users.” concludes the FMI analyst.
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Tape Dispenser Market – Key Highlights
- North America to remain the leading region poised to record a CAGR of 4% by 2030 end.
- Table top dispensers is estimated to generate maximum revenue share by the end of 2030.
- Automatic Tape Dispensers will record a CAGR of 4.3% during the forecast period.
- Commercial & office usage to gain traction among other end use segments by 2030 end.
Tape Dispenser Market – Drivers
- Escalating online food delivery market are catalyzing the need for advanced packaging solutions, thereby boosting the demand for tape dispensers.
- Growing sales through e-commerce platforms support demand for advanced packaging solutions, ultimately offering prospects to tape dispenser manufacturers.
- Technological innovations such as automated tape dispensers are estimated to offer new prospects to the tape dispenser market players
Tape Dispenser Market – Restraints
- Several structural issues such as invisible starting point of the tape, proves to be a limitation to future growth.
- Emitting undesired noises upon usage and not being sound-friendly restraints their application.
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COVID-19 Impact on the Market
The tape dispenser market have been adversely impacted by the COVID-19 outbreak. The market is poised to record a downturn of -0.2% in 2020. However as per FMI’s recent report, the market is anticipated to regain pace once the restriction imposed by the lockdowns are lifted. Need for e-commerce and logistics rest highly on constant supplies of essential products. Therefore, the requirement for remarkable packaging solutions increased demand for tape dispensers, and will keep it afloat.
Competitive Landscape
Key companies players identified in the tape dispenser market are Tesa SE, 3M Company, Fellow Brands, Intertape Polymer Group Inc., Koziol USA, Shurtape Technologies LLC, Prisma Pressure Sensitive Products Ltd., START International, Aroindia Electromech Pvt. Ltd. and Spec-Tech (Xiamen) Co. Ltd. Companies are engaged in expanding their outreach in the back of acquisitions, collaborations and product launches.
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Key Segments
Product Type
- Hand Held
- Table Top
- Definite Length Dispenser
- Stretchable Tape Dispenser
Technology
- Automatic
- Manual
End Use
- Office & Commercial
- Industrial
Region
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia & Rest of South Asia)
- Middle East & Africa (GCC, South Africa, North Africa & Rest of MEA)
- Oceania (Australia & New Zealand)