Allied Market Research has unveiled a comprehensive report titled “Carry Handle Adhesive Tapes Market,” forecasting substantial growth in this sector from 2021 to 2031. With an estimated value of $233.49 million in 2021, the market is projected to reach $414.33 million by 2031, marking a notable CAGR of 6.0% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/2203
Driving Forces of Market Growth
The market's expansion is propelled by several key factors, including increased investments in research and development, entry of new players, product innovation, and technological advancements. Additionally, growing competition among businesses to expand their regional and customer base stimulates market growth. As disposable incomes rise, customers' spending capacity increases, further boosting demand for carry handle adhesive tapes and presenting lucrative opportunities in the industry.
Understanding Carry Handle Adhesive Tapes
Carry handle adhesive tapes are flexible strips of self-adhesive film used primarily in packaging applications. They offer convenience in gripping, lifting, and transporting products, facilitating the packing and bundling of various items. These tapes boast advanced properties such as temperature and moisture resistance, making them ideal for packing bulky products. Additionally, they are cost-effective, environmentally friendly alternatives to traditional packaging methods.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/2203
Market Segmentation and Growth Trends
The rubber segment is expected to dominate the market by 2031, accounting for over one-fourth of the global market share in 2021. This dominance is attributed to the high initial adhesion buildup and good shear strength of rubber-based adhesives. Meanwhile, the acrylic segment is projected to witness the fastest CAGR of 6.7% during the forecast period, driven by its ability to withstand moisture and drastic temperature changes.
Among technology segments, the hot melt segment held the highest share in 2021, owing to its ease of application and compatibility with various materials. However, the UV cured segment is anticipated to witness the fastest CAGR of 7.1% from 2022 to 2031, thanks to its flexibility in shape development.
Regional Insights
Asia-Pacific emerged as the leading market contributor in 2021, holding more than two-fifths of the global market share. The region is expected to maintain its dominance, registering a rapid CAGR of 6.3% from 2022 to 2031. This growth is fueled by increased applications in sectors such as packaging, electronics, and construction.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/carry-handle-adhesive-tapes-market/purchase-options
Key Players
Leading players in the carry handle adhesive tapes market include Airmaster Adhesive Tapes, Boston Tapes Commercial Srl, 3M, Tesa SE, and others, contributing to market dynamics and innovation in the industry.
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