Global Paper Band Market is segmented By Product(Pre formed Self Sealing and Cohesive Self Sealing), By Material(Natural Kraft, Bleached Kraft, Autonomous Operations, Cover Paper and Others), By End Use(Food and Beverages, Automotive, Textile, Pharmaceutical and Health Care, Electric and Electronics, Cosmetics and Personal Care and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Paper Band Market Overview
The Global Paper Band Market is estimated to reach at a CAGR of 2.2% during the forecast period 2024-2031.
A paper band, sometimes known as a paper belly band, is a product wrapping tool. It's a versatile and lightweight packaging tool for stacking labels, cards, blister packs, sachets, containers, and various other items. The latex-free paper bands are made with a high-quality adhesive that creates a firm binding to the paper band's ends. Paper band, unlike sticky rubber band, ensures the goods bundle's longevity. It gives the products appealing shelf-ready packaging. As a result of expanding the FMCG industry and the growing number of supermarkets and retail stores, the paper band market is predicted to rise fast.
Paper Band Market Summary
| Metrics | Details |
| CAGR | 2.2% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (USD ) |
| Segments Covered | By Product, By Material, By End Use and By Region |
| Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East, and Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Market Share | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Paper Band Market Dynamics
The key goals that drive the paper band market are unitization and effective product stacking. Easy customization and sufficient space for attractive labeling and printing is expected to create immense market share for the paper band in the forecast period
The key goals that drive the paper band market are unitization and effective product stacking.
The paper bands are unique and attractive in their way. Paper band, unlike sticky rubber band, ensures the goods bundle's longevity. It gives the products appealing shelf-ready packaging. As a result of expanding the FMCG industry and the growing number of supermarkets and retail stores, the paper band market is predicted to rise fast. Besides that, placing a barcode on a paper band improves its utility during transit material handling.
It also aids inventory management effectively. Many end customers are adopting the paper bands packaging equipment because it speeds up production lines. The paper band market, which has a huge number of customers and sellers, exhibits monopolistic competition. For instance, the Extra packaging group is offering paper bands that can wrap up anything from money to socks to holding books closed to organizing various sized items and others
Easy customization and sufficient space for attractive labeling and printing are expected to create immense market share for the paper band in the forecast period.
The paper bands come in different sizes, colors, and qualities, making them attractive item for different packaging items. The versatility in features creates the demand of the product in different end-users, leading to accelerating the product market share in the forecast market. In addition, the global market for paper bands is driven by the convenience of unpacking and minimal material waste. Branding and product promotion are two factors that are propelling the paper band market forward. Furthermore, the appealing packaging of confectionery products and gift items is fueling growth in the paper band industry worldwide. Aside from that, the need for paper bands in textile packaging is steadily expanding to provide the product a shelf-ready appearance.
Easily recyclability and resulting in less carbon footprints is creating immense opportunities for the product to proliferate in the forecast period
The increasing shift towards eco-friendly packaging is tremendously creating opportunities for paper bands in recent times. Growing government investment in adopting an eco-friendly approach is further boosting the global market share for the product. Currently, the consumer is dependent on plastic packaging due to the low cost and wide application range of the product. However, growing side effects of overconsumption of plastic have shown tremendous effects on the environment and are expected to show severe damage in the forecast period. The increasing side effects of plastic have created a huge market share for the paper band.
For instance, EcoEnclose offers Ecoband that helps to tightly roll goods and seal using a branded sticker, a barcode sticker, hot glue, or double-sided glue dots. The product can be 100% recycled with a min of 30% post-consumer waste.
COVID-19 Impact Analysis on Paper Band Market
COVID-19 had a moderate effect on the paper band market in 2020. The pandemic has affected various industries such as food packaging, pharmaceutical packaging, and others, particularly in the 2019-2020 period. The prime reason behind the demand reduction of products is the shut down of manufacturing units and supply chain disruption. A similar trend has been seen in the end-users market of the product, leading to severely hampering the product's market. As the covid-19 conditions are improving in many developing countries, thus expected to accelerate the market of the product in the coming years
Paper Band Market Segmentation Analysis
The global paper band market is segmented on product, material, end-user and region.
Natural kraft material is expected to hold the largest market share for the paper band due to high demand from the end-user and minimal side effects on the stored product
The global paper band market is segmented into natural kraft, bleached kraft, cover paper, and others in terms of material. Out of the mentioned materials, natural kraft is expected to dominate the global paper band market in the forecast period. Virgin Kraft paper is a superb paper utilized for applications requiring more muscle and rip strength than Recycled Kraft paper. It's great for printed packaging because of its low cost and pure fiber content. Wrapping, surface protection, pallet interleaving, carrier sheets, and dunnage are just a few of the applications for virgin natural kraft. FMCG holds the highest demand for paper bands in recent periods, and natural kraft is expected to dominate in the segment due to minimal side effects of the material on the stored food.
Global Paper Band Market Geographical Share
With the revised regulation of single-use plastic in Europe, important players are increasingly inclined to utilize paper bands packaging.
The paper bands packaging style is popular worldwide since it is eco-friendly and made of natural kraft paper. With the revised regulation of single-use plastic in Europe, important players are increasingly inclined to utilize paper bands packaging. As a result, the paper band market in Europe is predicted to rise. In order to reduce plastic waste and landfills, the paper band market has seen moderate development in the United States.
Furthermore, the rise of the food and beverage sector and the growing number of retail establishments are creating new opportunities in China, India, and Indonesia. The paper band market in Mexico is still developing. Consumers are increasingly demanding paper bands in Mexico since this packaging allows for a more cost-effective approach to product bundling. The paper band market in Oceania is experiencing sluggish growth. The paper band market in Oceania is experiencing sluggish growth. Aside from that, the paper band market is predicted to rise dramatically in many nations throughout the forecast period, owing to recent advances in E-commerce, online shopping centers, and an increasing number of supermarkets.
Paper Band Market Companies and Competitive Landscape
The paper band market is highly fragmented, with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Extra Packaging Corporation, SANDAR Industries, Inc, Bandall, Cohesion Paper Products LLC, Graphic Arts Equipment, Brown & Pratt, Inc, Economy Tablet & Paper, American Printpak BGR: Packaging Supplies & Packaging Equipment, and Wexler Packaging Products Inc and among others.
The major players adopt several growth strategies such as product launches, acquisitions and collaborations, contributing to the paper band market's growth globally. The key manufacturers are following product launches as the key strategy to build revenue for the company.
- For instance, on 20 May 2019, the Irish company Fyffes North America Inc. produced a recyclable paper banana band to replace plastic bags. The kraft paper band is made entirely of kraft pulp.
American Printpak
Overview: Since 1985, the company has been producing customer engineered flexible packaging material. The company is offering its services and products to medical tubing, medical device, healthcare, food and others
Product Portfolio: The Company has a product portfolio of the paper band that includes:
- TOUCHSEAL COHESIVE PAPER BANDING: The product is designed to wrap around the product and seal to itself. The self-sealing bands are available in latex and latex free options. Cohesive paper bands are used for banding products such as lap sponges, medical gauze, envelops, printed literature and others
Key Development
- For instance, in March 2020, Printpack has been awarded three Flexible Packaging Association Awards- a Silver Award for Printing for Hershey’s new stand-up pouch, a Gold Award for Printing for the Stacy’s Rise Project pita chips bags, and a Gold Award for Shelf Impact for Paqui tortilla chips
The global paper band market report would provide access to an approx: 61 market data table, 57 figures and 251 pages.
