|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 26.80 Million||USD 54.40 Million||10.05%||2022|
Water Activated Tape Dispensers Market
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.
Corrugated boxes are swiftly and completely sealed using gummed tape dispensers or water activated tape dispensers. For medium- to high-volume packaging, the dispensers offer a rapid and effective option. Water-activated/Gummed Tapes are constructed of paper or potato starch and are naturally sticky tapes that attach to surfaces when they become wet. Additionally, the tape seals products with a strong and durable seal since it includes natural adhesive. Pressure-sensitive tape can be substituted with gummed tape dispensers, which are frequently used for carton sealing. Gummed Tape Dispensers are an excellent packaging solution since they can pack more than 50 packages per day and are perfect for medium- to high-volume packing operations or sealing a range of carton sizes.
The increasing auto aftermarket e-commerce industry drives the market growth
E-commerce sales of automobile components (including replacement and aftermarket parts as well as accessories) in the United States have historically been 16% each year, but are expected to climb by 30% in 2020 owing to the coronavirus pandemic. vehicle aftermarket components are predicted to develop significantly globally, making e-commerce for vehicle aftermarket parts an excellent prospect. When shipping automotive components, they are frequently heavy, bulky, or fragile.
They are frequently supplied in boxes sealed with plastic tape, which is not a secure method of sealing these types of cartons and does not reflect well on the company's fulfillment methods. When shipping massive products, such as industrial equipment, using plastic tape to seal containers offers a particular challenge. Plastic tape frequently fails to secure big or bulky products, causing them to arrive broken and unsightly. Water activated tape, on the other hand, binds to the carton and is thus more durable than plastic tape.
A heavy box may be secured with just one strip of reinforced water activated tape. Water activated tape also has a professional appearance for e-commerce businesses. They may even print their logo on the tape to assist develop a personal relationship with the organization. Thus, the growing demand for water activated tape in the auto aftermarket e-commerce industry is expected to drive the growth of the water activated tape dispensers market.
The high cost of water activated tape dispensers is expected to hamper the market
The high cost of water activated tape dispensers is expected to hamper the growth of the market during the forecast period. The electric water activated dispenser cost is somewhere around $1400 to $1600 which is a big amount for start-up firms.
The increasing consumer electronics industry offers a lucrative opportunity
The growing consumer electronics industry is expected to offer a lucrative opportunity for the growth of the water activated tape dispensers industry during the forecast period. Consumer electronics such as mobile, laptops, TVs, and refrigerators are very fragile, they require secure packaging for transportation and necessitate the demand for water activated tape for sealing, which in turn, drives the growth of the market. For instance, according to the Consumer Technology Association, revenue from US OLED TV factories climbed by 11% in 2022 to USD 3.3 billion from USD 2.98 billion in 2021. Moreover, according to Statista, the worldwide Smart TV market was valued at around 161.7 billion USD in 2021 and is predicted to reach 231.44 billion USD by 2026.
The short lifespan of the product poses a major challenge to the market growth
Failure to clean a dispenser properly will shorten its lifespan. These tape machines feature a wet brush that adds water to the bottom of the tape as it is dispensed, and if that brush is not properly cleaned and changed regularly, it can become gummed up. In such a situation, the brush either adds too much or too little water to the tape, both of which will cause challenges. Thus, the shorter lifespan of the product poses a major challenge for the water activated tape dispensers market growth over the forecast period.
The global water activated tape dispensers industry is segmented based on product type, industry vertical and region.
Based on the product type, the global market is bifurcated into automatic water activated tape dispensers and manual water activated tape dispensers. The automatic water activated tape dispensers segment is expected to grow at the highest CAGR over the forecast period. Electric water-activated tape dispensers are suited for medium-to-high-volume packing operations or sealing a variety of sized cartons. These tape machines are quick and effective tape dispensers for packaging systems that pack more than 50 packages each day.
On the other hand, manual water activated tape dispensers are expected to capture a significant market share during the projected period. Manual Water-Activated Tape Dispensers are simple to install and require little to no operator training. Water-activated tape dispensers do not require electricity and are portable. These machines are ideal for packaging solutions that do not always have access to electricity and package less than 50 cartons per day. Thus, owing to these properties the product is expected to drive the growth of the market.
Based on the industry vertical, the global water activated tape dispensers industry is bifurcated into building & construction, shipping & logistics, food & beverages, electrical & electronics, healthcare, automotive, and others. The shipping & logistics segment is expected to dominate the market over the forecast period. the segment growth is owing to the increasing e-commerce industry, which in turn, propels the shipping & logistics market for the transportation of products. These tapes seal the product cartons securely which is expected to drive the product demand in the shipping & logistics market. Besides, the automotive segment is expected to grow at the highest CAGR during the projected period owing to the sales of the vehicle and its parts through different distribution channels including e-commerce as well. Thus, these derive the need for secure packaging for the transportation of parts with water activated tapes, in turn, drive the growth of the market during the projected period.
|Report Attributes||Report Details|
|Report Name||Water Activated Tape Dispensers Market Research Report|
|Market Size in 2022||USD 26.80 Million|
|Market Forecast in 2030||USD 54.40 Million|
|Growth Rate||CAGR of 10.05%|
|Number of Pages||231|
|Key Companies Covered||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., and Albany Box Company among others.|
|Segments Covered||By Product Type, By Industry Vertical, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific is expected to dominate the water activated tape dispenser industry over the forecast period. The growth in the region is attributed to the growing e-commerce and automotive sector. For instance, according to India Brand Equity Foundation, the Indian online grocery industry would grow at a 33% CAGR from FY21 to 2027, when it will be worth US$26.93 billion. The rapid use of online services like e-commerce and ed-tech in India is predicted to increase the market for consumer digital products there from US$ 537.5 billion in 2020 to US$ 1 trillion by 2030.
In addition, the Indian passenger automobile market had a value of US$32.70 billion in 2021, and it is anticipated to grow at a CAGR of over 9% from 2022 to 2027 to reach US$54.84 billion. In India, the market for electric vehicles (EVs) is anticipated to grow to $7.09 billion by 2025. According to a CEEW Centre for Energy Finance report, India might have a US$206 billion market for electric vehicles by 2030. This will require investing US$ 180 billion in infrastructure for automotive production. Thus, the growing e-commerce and automotive industry is expected to rise in the demand for water-activated tape dispenser market.
North America is expected to grow at a significant rate over the forecast period. The regional growth is attributed to the growing use of water activated tape in the pharmaceutical industry for the packaging of drug cartons to deliver drugs safely to the end destination. Thus, the increasing pharmaceutical industry in the region significantly drives the demand for water-activated tape dispensers. For instance, according to the 2019 PMPRB Annual Report, overall pharmaceutical sales in Canada (including non-patented over-the-counter medications) rose by 35.3% from 2011 to 2019 to reach $29.9 billion, with 86.7% going to retail pharmacy shops and 13.3% going to hospitals. Governments pay for 37.2% of medication costs, with private payers covering the remaining 62.8%.
Additionally, the robust presence of prominent players operating in the region is one of the potential opportunities for the development of the market. Furthermore, the growing e-commerce industry in the region is also driving the market growth over the forecast period. The US e-commerce sales have been increasing gradually for more than ten years, according to data from the US Department of Commerce, with a notable rise in the prior three years. Total US e-commerce sales reached a new high of $1.03 trillion in 2022, representing a 7.44% yearly growth. Even though the yearly growth rate was less than half of the previous year's and the weakest in at least a decade, the increase was sufficient to propel it over the $1 trillion milestone. Thus, the aforementioned fact supports the market expansion in the region.
The global water activated tape dispensers market is dominated by players like:
By Product Type
By Industry Vertical
Water activated tapes are used by shipping companies for the packaging. In order, for the water activated tapes to be used efficiently the use of water activated tape dispensers is important. Once the desired length is set in the water activated tape dispensers it cuts the tape automatically to the desired length.
The main application of the water activated tape dispensers is in the water activated tapes that are used for the carton sealing. In recent years, the use of biodegradable gummed tape is preferred to plastic tape to seal the cartons. For firmly sealing the cartons to provide safety for the products the manufacturers prefer the water activated tapes thus triggering the growth of the water activated tape dispensers market. The increasing preference of consumers for obtaining goods through e-retail format is increasing the demand for water activated tapes.
According to the report, the global market size was worth around USD 26.80 Million in 2022 and is predicted to grow to around USD 54.40 Million by 2030.
The global water activated tape dispensers market is expected to grow at a CAGR of 10.05% during the forecast period.
The global water activated tape dispensers market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the growing e-commerce and automotive industry.
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., and Albany Box Company among others.