Future Market Insights
Self-Sealing Paper Bands: Introduction
The global consumer products industry faces a special challenge in launching or commercializing a product in the market. Self-sealing paper bands overtook the preceding paper packaging market eliminating the use of glues, tapes, fasteners, etc. Self-sealing paper bands organize the product in place while transporting the product, storing and even when kept on the retail shelves. Self-sealing paper bands market finds its application in many companies such as shipping & logistics, apparels, pharmaceuticals, etc.
Self-sealing paper bands helps the manufacturers to organize the product neatly and efficiently. The key feature of self-sealing paper bands is that it is recyclable and reusable. Ease of use of self-sealing paper bands helps the manufacturers to reduce the labour cost and saves time.
Self-sealing paper bands: Market Dynamics
The self-sealing paper bands market is mostly driven by consumer preferences in which they look for light weight, ease of use, safety, etc. The cost effectiveness of self-sealing paper bands is one of the key features that drives the market. Moreover, self-sealing paper bands are made from paper which are bio-degradable. As a result, consumers are preferring self-sealing paper bands over plastic packaging. Furthermore, increasing awareness towards use of eco-friendly material fuels the growth of the self-sealing paper bands market. The ease of usability of self-sealing paper bands in packaging helps the manufacturers who are looking to reduce the labour cost of economy.
Choosing paper over plastic is an easy decision for the manufacturers who are looking to reduce packaging costs, reduce weight, and transportation cost. With the rise in investment in apparel and food and beverages sector, the self-sealing paper bands helps the manufacturers to drive the market. Moreover, customized self-sealing paper bands as per the customer demand is the new trend observed in the self-sealing paper bands market. The restraints that the manufacturers faces is that the self-sealing paper bands cannot contain liquid product. Also, the self-sealing paper bands are used to pack light weight products.
Self-sealing paper bands: Market segmentation
The self-sealing paper bands market can be segmented on the basis of end uses, material, coating area, coatings and region. Further on the basis of material, it is segmented into medical grade sterilizable Kraft, bleached white Kraft paper, natural brown Kraft paper and others. On the basis of coating area it is segmented into opposite ends / opposite sides, opposite end / same side, overall coated one side. On the basis of coatings it can be segmented into latex coating or latex free coatings. On the basis of end uses the market can be segmented into shipping and logistics, food and beverages sector, industrial sector, apparel sector.
Self-sealing paper bands: Regional outlook
Self-sealing paper bands market has been segmented on the basis of region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. With the rising investment in food and beverage sector the self-sealing paper bands market is expected to grow at an above average CAGR in the Asia Pacific region. Self-sealing paper bands is expected to grow at a constant rate in the North America.
Self-sealing paper bands: Key players
Some of the major players across the globe in self-sealing paper bands packaging are American Printpak Inc., Graphic Arts Equipment Co., Economy Tablet & Paper Co., Brown & Pratt Inc, BGR: Packaging Supplies & Packaging Equipment, PPOVA, Wexler Packaging Products Inc., Extra Packaging, Corp.
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