Global Carry Handle Tape Market Size By Material Type, By End-Use Industry, By Type of Product, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Carry Handle Tape Market Size And Forecast

Carry Handle Tape Market size was valued at USD 231.49 Million in 2023 and is projected to reach USD 412.33 Million by 2030, growing at a CAGR of 5.5% during the forecasted period 2024 to 2030.

Global Carry Handle Tape Market Drivers

The growth and development of the Carry Handle Tape Market is attributed to certain main market drivers. These factors have a big impact on how Carry Handle Tape are demanded and adopted in different sectors. Several of the major market forces are as follows

  • Consumer Convenience and Packaging Trends Consumer preferences for ease of handling and convenience are what fuel demand for carry handle tapes. These handles are becoming more and more common on packaging from producers and merchants in an effort to improve consumer accessibility and usability.
  • Growth of E-commerce and Online Shopping As e-commerce has expanded, so too has the need for packing options that are not only safe but also simple to use for delivery and shipment. Carry handle tapes offer a practical packaging solution for the online retail industry.
  • Emphasis on Sustainable Packaging Carry handle tapes made of eco-friendly materials or ones that are created for easy recycling are helpful in providing packaging solutions that are ecologically conscientious, especially as the emphasis on sustainability grows. Businesses that implement sustainable practices can see a rise in demand.
  • Retail Shelf Presence and Branding Carry handle tapes provide more room for product details and branding. Manufacturers and merchants use this feature to boost product shelf presence, increase brand awareness, and convey crucial information to customers.
  • Growing Adoption in a Range of Industries Carry handle tapes are adaptable and have uses in a range of industries, such as domestic goods, food and drink, and personal hygiene. These tapes’ adaptability helps explain why they are used in so many different product areas.
  • Innovation in Tape Design and Materials The strength, longevity, and general performance of carry handle tapes are improved by continuous innovation in tape design and the use of novel materials. Manufacturers and companies seeking cutting-edge and dependable packaging solutions are drawn to this innovation.
  • Packaging Effectiveness and Cost Savings Carry handle tapes can help make packaging more effective overall. They make it easier to carry and move things, which lowers the possibility that they will get damaged while being handled. Manufacturers and retailers may both save money as a result of this.
  • Customization and Personalization Trends One important feature is the flexibility to match brand colors, emblems, or promotional themes when customizing and personalizing carry handle tapes. These personalization choices let brands give their goods a unique and enticing look.
  • Growth in Retail and Supermarket Chains The need for packaging solutions that make it easier to handle and stack products on shelves is growing as retail chains and supermarkets open more locations throughout the world. Carry handle tapes meet certain retail settings’ requirements.
  • Regulatory Compliance and Safety Standards Adherence to safety standards and regulatory regulations in packaging facilitates the use of carry handle tapes. Adherence to legislation guarantees that the cassettes satisfy industry norms and are secure for end-user consumption.

Global Carry Handle Tape Market Restraints

The Global Carry Handle Tape Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are

  • High Production Costs Producing carry handle tapes, particularly those with sophisticated features or constructed of specialty materials, can be expensive. This aspect might prevent such cassettes from becoming widely used, especially for goods with narrow profit margins.
  • Restricted Adoption in Specific businesses Carry handle tapes are widely used in a variety of consumer goods businesses, although there may be some items or industries where adoption is restricted. Carry handle tapes may not provide a noticeable advantage for some sectors when used in packing.
  • Opposition to Packaging Practice Changes In certain industries, there may be strong ties to the materials and methods of packaging that are currently in use, making change difficult to implement. Businesses could be reluctant to make changes to their current packaging procedures or to invest in innovative packaging solutions.
  • Environmental Issues with Tape Materials Despite initiatives to make carry handle tapes more environmentally friendly, some materials used in their manufacture may have negative effects on the environment. Customers and authorities who care about the environment may look into this.
  • Compatibility Issues with Packaging Equipment Certain packaging equipment might not be built to accept carry handle tapes, necessitating further modifications or enhancements. Manufacturers wishing to use these tapes may be hindered by incompatibilities with current technology.
  • Limited Load-Bearing capability The load-bearing capability of carry handle tapes may be restricted based on the design and materials utilized. Higher load-bearing capacity alternate packaging options may be preferred for rather heavy or bulky products.
  •  Global Supply Chain Disruptions The supply chain for raw materials required to make carry handle tapes may be affected by occurrences like natural catastrophes, geopolitical unrest, or international health crises. This may result in price increases, shortages, and difficulties sustaining a steady supply.
  • Lack of Standardization The application of carry handle tapes in various goods or industries may be inconsistent due to the absence of specified designs or dimensions. Difficulties with standardization may affect adoption ease and manufacturing efficiency.
  • viewed Aesthetics and Brand Image Carry handle tapes may have an effect on packaging aesthetics, and some brands may be worried about how this may affect how their brand is viewed. Certain packaging designs may be preferred over others if the handle tapes are hidden.
  • Safety Standards and Regulatory Compliance Regulation compliance can be both a motivator and a constraint. Adhering to diverse safety standards and regulations introduces intricacy into the design and production process, which may result in escalated expenses and laborious compliance protocols.

Global Carry Handle Tape Market Segmentation Analysis

The Global Carry Handle Tape Market is segmented on the basis of Material Type, End-Use Industry, Type of Product And Geography.

Carry Handle Tape Market, By Material Type

  • Plastic Carry Handle Tapes These tapes are widely utilized and come in a variety of materials, including polyethylene and polypropylene. They provide adaptability, robustness, and customization choices to meet various packaging requirements.
  • Tapes with paper carry handles Paper carry handle tapes are an environmentally friendly alternative that are frequently utilized in sustainable packaging solutions. They are appropriate for some applications where a paper-based solution is required and can be printed on for branding purposes.
  • Textured and more upscale Textured and more upscale carry handle tapes are offered. They are utilized in specialty packaging, like that seen in the luxury products industry, where visual appeal and a tactile sensation are valued highly.

Carry Handle Tape Market, By End-Use Industry

  • Food and Beverage Carry handle tapes find extensive application in this sector for items such as packaged meals, multipacks, and bottled beverages. They make hauling and moving such things more convenient.
  • Personal Care and Cosmetics Carry handle tapes are frequently used in the packaging of personal care and cosmetics items for ease of usage. These tapes can be made to match the appearance and branding of cosmetics and personal hygiene products.
  • Home Products Carry handle tapes are used in the packaging of consumer goods like detergents, cleaning supplies, and other domestic things. They facilitate handling and transportation with ease.
  • Retail and Apparel Carry handle tapes are used by clothing brands and retail establishments to package clothing goods, making it simpler for customers to carry their purchases.

Carry Handle Tape Market, By Type of Product

  • Rolls of Carry Handle Tape Rolls of carry handle tape can be made and are appropriate for automated packing procedures. Rolls are a common and effective application in high-volume production situations.
  • Pre-attached Carry Handle Tapes Manufacturers find this helpful as it minimizes the number of steps needed in the packaging process. Certain carry handle tapes are pre-attached to the packaging

Carry Handle Tape Market, By Geography

  • North America This section takes into account the unique market dynamics, trends, and needs of this region, where the carry handle tape market may be impacted by things like consumer preferences, sustainability initiatives, and industry laws.
  • Europe The European category captures market features specific to the continent, such as packaging preferences, environmental concerns, and regulatory compliance.
  • Asia-Pacific Owing to the expansion of sectors including retail, e-commerce, and food and beverage in nations like China, India, and Japan, the region represents a substantial market for carry handle tapes.
  • Latin America This sector takes into account consumer behavior, packaging trends, and economic realities in nations such as Brazil and Mexico.
  • Middle East and Africa This section captures market characteristics in the region, where the carry handle tape market may be impacted by urbanization, the rise of retail stores, and industrial expansion.

Key Players

The major players in the Carry Handle Tape Market are

  • Alimac Srl
  • 3M
  • Tesa SE
  • NRG Tapes
  • Supertape
  • Davik Industries
  • Logo tape GmbH & Co. KG
  • VENERA D.O.O.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2030

Base Year

2023

Forecast Period

2024-2030

Historical Period

2020-2022

Unit

Value (USD Million)

Key Companies Profiled

Alimac Srl, 3M, Tesa SE, NRG Tapes, Supertape, Davik Industries, Logo tape GmbH & Co. KG, VENERA D.O.O.

Segments Covered

By Material Type, By End-Use Industry, By Type of Product, By Geography

Customization scope

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