Market players are focusing on extending their market worldwide together with bringing an expanded product portfolio to attain an edge over the competitors.
DUBAI, UAE / ACCESSWIRE / November 19, 2020 / Future Market Insights: 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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About the Study
The study offers readers a comprehensive assessment of the tape dispenser market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to product type (hand held, table top, definite length dispensers and stretchable tape dispensers), by technology (automatic and manual), by end use (office & commercial and industrial) across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. Global Tape Dispenser Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Volume (‘000 Units) Analysis, 2015-2019
5.2. Current and Future Market Volume (‘000 Units) Projections, 2020-2030
5.3. Y-o-Y Growth Trend Analysis
6. Global Tape Dispenser Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE: Future Market Insights