The global water activated tape dispensers market size was worth around USD 26.80 Million in 2022 and is predicted to grow to around USD 54.40 Million by 2030 with a compound annual growth rate (CAGR) of roughly 10.05% between 2023 and 2030.
The report analyzes the global water activated tape dispensers market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the water activated tape dispensers industry.
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Market for Water-Activated Tape Dispensers: Overview
Using gummed tape dispensers or water-activated tape dispensers, corrugated boxes are quickly and fully sealed. The dispensers provide a quick and efficient solution for medium- to high-volume packing. Water-activated/Gummed Paper or potato starch-based tapes are made to be naturally sticky tapes that stick to surfaces when they get wet. The tape also provides products with a strong and long-lasting seal because it contains natural adhesive. Gummed tape dispensers, which are often used for carton sealing, can replace pressure-sensitive tape. Since they can pack more than 50 packages each day and are ideal for medium- to high-volume packing operations or sealing a variety of carton sizes, gummed tape dispensers are a great packaging solution.
Key Insights
• According to the data provided by our research analyst, the global market for water activated tape dispensers is anticipated to expand at a CAGR of roughly 10.05% from 2023 to 2030.
• The market for water-activated tape dispensers was estimated to be worth USD 26.80 million in 2022 and is anticipated to grow to USD 54.40 million by 2030.
• Over the projected period, the water activated tape dispensers market is anticipated to rise due to the expanding automotive aftermarket e-commerce sector.
The market is growing as a result of the expanding vehicle aftermarket e-commerce sector.
Due to the coronavirus pandemic, the United States’ annual e-commerce sales of automotive parts (including accessories, replacement parts, and aftermarket parts) are predicted to increase by 30% in 2020. Vehicle aftermarket parts e-commerce has a bright future because it is expected that it will grow significantly globally. Automobile parts are usually big, heavy, or fragile when being sent.
They are commonly sent in boxes that are taped shut with plastic, which is not a reliable way to close these kinds of cartons and speaks poorly of the company’s fulfilment practises. Using plastic tape to seal containers presents a particular issue when shipping large items, such industrial equipment. Plastic tape usually fails to attach large or bulky items, resulting in their broken or unattractive delivery. Contrarily, water activated tape adheres to the carton and is stronger than plastic tape because of this.
The market is anticipated to be hindered by water activated tape dispensers’ high price.
During the anticipated period, market growth is anticipated to be constrained by the high cost of water activated tape dispensers. The cost of the electric water actuated dispenser ranges from $1400 to $1600, which is a significant sum for start-up businesses.
Consumer electronics’ expanding market presents a rich opportunity.
During the forecast period, the water activated tape dispensers market is anticipated to benefit greatly from the expanding consumer electronics sector. Due to the fragility of consumer electronics like smartphones, laptops, TVs, and refrigerators, they require secure packaging for shipping and necessitate the use of water-activated tape for sealing, which in turn fuels the market’s expansion. For instance, the Consumer Technology Association reports that US OLED TV factories generated USD 3.3 billion in revenue in 2022, up 11% from USD 2.98 billion in 2021. Additionally, Statista estimates that in 2021, the global market for Smart TVs will be worth around 161.7 billion USD.
The product’s short shelf life is a significant barrier to market expansion.
The lifespan of a dispenser will be shortened by improper cleaning. These tape dispensers have a wet brush that adds water to the bottom of the tape as it is applied, and if the brush is not cleaned correctly and replaced on a regular basis, it may become clogged. In this case, the brush either adds too much water or not enough water to the tape, both of which will present problems. Therefore, the shorter product lifespan is a significant obstacle for the market growth of water activated tape dispensers throughout the anticipated future.
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The Global Water Activated Tape Dispensers Market is segmented based on product, application and region.
Global Water Activated Tape Dispensers Market: Product Segment Analysis
● Automatic Water Activated Tape Dispensers
● Manual Water Activated Tape Dispensers
Global Water Activated Tape Dispensers Market: Application Segment Analysis
● Building & Construction
● Shipping & Logistics
● Food & Beverages
● Electrical & Electronics
● Healthcare
● Automotive
● Others
Recently Occurring Events :
• Impak Packaging Systems Inc., based in Toronto, Ontario, was purchased by Gertex Solutions Inc. in September 2020. Gertex is a leading provider of specialised packaging products, equipment, and services. Gertex’s ambition to dominate the market by providing comprehensive packaging solutions and materials aligns well with the acquisition of Impak’s top leadership and experienced team. With Impak on board, Gertex, which already has a strong equipment business line, will be well-positioned for even faster growth in this industry.
• The new “BP222” water-activated tape dispenser from SOUTHGATE Packaging was unveiled for carton sealing in October 2020. The BP222 is ideal for use in small offices, retail establishments, and low-volume shipping operations. The BP222 is also portable and lightweight, making it simple to integrate into any working environment. It is currently the most environmentally friendly water-activated tape dispenser manufactured. As it has no cables, batteries, or recyclable reinforced paper tape, this simple dispenser is the perfect addition to any business.
• In May 2023, Intertape Polymer Group, a global innovation in the design and production of automatic packaging equipment, signed an exclusive distribution deal with IMA Group for the US and Canada. Intertape Polymer Group is the market leader in packaging and protective solutions. The IMA Group established a new division called IMA E-COMMERCE, which is completely dedicated to the e-commerce industry, in response to the increased popularity of online shopping and the expanding significance of that industry in the modern economy.
The global water activated tape dispensers market is dominated by players like:
● Better Packages
● Crawford Packaging
● IPS Packaging & Automation
● Packmile
● Novel Automation
● Intertape Polymer Group
● Shipman & Goodwin LLP™
● Tigerpak Packaging
● Phoenix
● Hughes Enterprises
● Venus Packaging
● 3M
● Gertex Solutions
● Hangzhou Bing Jia Tech. Co. Ltd
● Airpack Systems
● Fujian Jialong Adhesive Tape Co. Ltd
● Tidmas Townsend Ltd
● OM MAS CO. LTD.
● Packline
● Excell Factory Inc
● Albany Box Company
During the projected period, the Asia Pacific is anticipated to lead the market.
Over the course of the forecast, the Asia Pacific region is anticipated to dominate the water activated tape dispenser market. The region’s expansion is attributable to the expanding automobile and e-commerce industries. For instance, the Indian online grocery market is expected to develop at a 33% CAGR from FY21 to 2027, when it will be worth US$26.93 billion, according to the India Brand Equity Foundation. The market for consumer digital goods in India is expected to grow from US$ 537.5 billion in 2020 to US$ 1 trillion in 2030 as a result of the country’s increasing adoption of online services like e-commerce and ed-tech.
The Indian passenger car market was worth US$32.70 billion in 2021, and from 2022 to 2027, it is projected to increase at a CAGR of nearly 9%, reaching US$54.84 billion. By 2025, it is expected that India’s market for electric cars (EVs) will reach $7.09 billion. India might have a market for electric vehicles worth US$206 billion by 2030, according to a CEEW Centre for Energy Finance research. This will necessitate spending US$180 billion on infrastructure for the manufacture of automobiles. The market for water-activated tape dispensers is therefore anticipated to expand in demand due to the expansion of e-commerce and the automotive sectors.
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