Carry Handle Adhesive Tapes Market Demand and Competitive Analysis by Key Players to 2031

Allied Market Research recently released a report titled "Carry Handle Adhesive Tapes Market," providing insights into this sector's global landscape. In 2021, the industry was valued at $233.49 million and is expected to reach $414.33 million by 2031, with a projected CAGR of 6.0% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/2203

Key Growth Drivers:

The market's growth is fueled by increased investments in research and development, the entry of new players, product innovation, technological advancements, efficient resource allocation, and heightened competition among businesses striving to expand their regional and customer bases. Additionally, as consumers' disposable incomes rise, their spending capacity is expected to grow, further bolstering the demand for carry handle adhesive tapes and presenting numerous opportunities in the industry.

Characteristics and Applications:

Carry handle adhesive tapes are flexible strips of self-adhesive film with a non-sticky holding part, primarily used as sealants for gripping, lifting, carrying, and transporting products. They facilitate packing and bundling of compact boxes, bulk packaging of bottles, and food products. Notably, these tapes possess advanced properties such as temperature and moisture resistance. They offer a cost-effective, convenient, and environmentally friendly means of transporting products, eliminating the need for additional bags. These tapes are widely used for packing bulky items and can support weights of up to 9kg for fast-moving consumer goods like mineral water, soft drinks, beers, tissues, and toiletries.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/2203

Segment Analysis:

By type, the rubber segment held over one-fourth of the market share in 2021 and is expected to maintain dominance by 2031. This is attributed to rubber-based adhesives' high initial adhesion buildup, good shear strength, and moderate temperature resistance. Conversely, the acrylic segment is projected to witness the fastest CAGR of 6.7% during the forecast period due to its moisture resistance and capability to withstand temperature changes and seasonal elements like ultraviolet light and freezing conditions.

Regarding technology, the hot melt segment led the market in 2021, accounting for more than two-fifths of the global market share, owing to its ease of application and compatibility with various materials. Meanwhile, the UV cured segment is anticipated to register the fastest CAGR of 7.1% from 2022 to 2031, offering flexibility in shape development.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/carry-handle-adhesive-tapes-market/purchase-options

Regional Insights:

Asia-Pacific dominated the market in 2021, contributing to over two-fifths of the global revenue share. The region is expected to maintain its lead, with a projected CAGR of 6.3% from 2022 to 2031. This growth is driven by increased applications in packaging, electronics, construction, and other sectors.

Key Players:
Key players in the industry include Airmaster Adhesive Tapes, Boston Tapes Commercial Srl, Logo tape GmbH & Co. KG, 3M, NRG Tapes, Supertape, Alimac Srl, Tesa SE, VENERA D.O.O, and Davik Industries. These players employ various strategies such as partnerships, expansions, and product innovations to strengthen their market presence and meet evolving consumer needs.

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