Gummed Tapes Market Expected to Behold a Volume CAGR of 4.9% through 2017-2027
Verfasser: ShashiiPawar on Wednesday, 19 July 2017The most commonly used tape, Brown Gummed Tape accounts for more than 85% of the global gummed tapes market
The revenue share of the brown gummed tape segment is expected to experience a gain of 150 basis point by 2027. Revenue contribution of the brown gummed tape segment is expected to increase at a CAGR of 5.7% over the forecast period. The segment is expected to create incremental opportunity of more than US$ 630 Mn between 2017 and 2027. The brown gummed tape segment is expected to grow 1.74X over the forecast period. The white gummed tape segment is expected to lose 150 basis points during the forecast period. Revenue contribution of the white gummed tape segment is expected to register a CAGR of 4.4% to reach more than US$ 200 Mn in terms of value by 2027. In terms of value, the segment is expected to create incremental opportunity of more than US$ 70 Mn between 2017 and 2027 and is anticipated to grow 1.6X over the forecast period.
Natural brown gummed tapes segment high on sales revenue in Western Europe