With expanding globalisation and accelerating growth in the transportation and logistics industry, edge band tapes have seen growth in the market over the past ten years. For packaging diverse items in several end-use industries, including food & beverage, pharmaceutical, consumer products, automotive, electrical & electronics, etc., edge band tapes are often produced of a variety of different material kinds. The usage of warehouses as storage facilities for commodities has also increased, which has increased demand for packing and cartons. As a result, many transportation and logistics organisations employ edge band tapes to protect their products in warehouses.
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There are more than a hundred many small and large producers who operate on a regional and international scale in the edge band tapes industry. Edge band tapes maintain the highest demand among end customers and have replaced numerous packing materials used for shipping and logistics over the years with unusual material types such as PVC, ABS, PMMA, and solid wood among others.
Due to the existence of powerful economies with high GDP growth rates like China and India, the market for edge band tapes is predicted to generate a sizeable additional potential globally, mostly in the Asia Pacific region, in 2028 compared to 2018. Also, a significant compound annual growth rate (CAGR) is anticipated for the worldwide edge band tapes market from the projected period of 2018 to 2028.
Global Edge Band Tapes Market Key Players
APEJ, North America and Europe have a large presence of manufacturers for edge band tapes who are continuously working on introducing environment-friendly, qualitative and cost-effective edge band tapes. Some of the key market participants in the global edge band tapes market are
- Thermoplast
- Pattex
- Dollken Woodtape Company
- Blazic
- REHAU AG + Co
What drives the Edge Band Tapes industry?
The main drivers of the edge band tape industry include increasing demand for furniture, the introduction of new materials, technological advances, and a growing focus on sustainability. Demand for furniture is increasing as people invest in creating comfortable and stylish home and office environments. New materials such as PVC, paper, and wood veneer are being used to create unique designs, and technological advances are making it easier to produce edge band tapes in a wide range of colors, sizes, and profiles. Finally, the focus on sustainability has led to the development of eco-friendly products such as FSC-certified edge band tapes.
Key Questions Covered in the Edge Band Tapes Market Report
- How key market players in the Edge Band Tapes market are maintaining their competitive advantage in the wake of globalization?
- What changing market dynamics in the Edge Band Tapes market specify about the future opportunities for manufacturers?
- How Covid-19 pandemic affected sales in the Edge Band Tapes market and what strategies are expected to recover from its impact?
- What business tactics are gaining attention and influencing Edge Band Tapes market rivalry?
Global Edge Band Tapes Market Segmentation
The edge band tapes market can be segmented on material type, thickness, end user and sales channel. On the basis of material type, edge band tapes can be categorized into PVC, ABS, PMMA, metal, solid wood and melamine. On the basis of thickness, the edge band tapes market can be segmented into thin (<1 mm) and thick (over 1 mm). On the basis of end user, the edge band tapes market can be classified into residential and commercial. On the basis of sales channel, the global market for edge band tapes can be classified into direct sales, modern trade, third-party sales, retail stores, and bricks & mortar stores. Geographically, the global edge band tapes market can be segmented into seven regions, namely North America, Latin America, Europe, CIS & Russia, Japan, the Asia Pacific excluding Japan, and Middle East & Africa.
