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(Transportation-News.com, October 22, 2021 )
Market Overview
Paper tape is a sequential data storage medium that was employed in early communications and computing systems. It is sluggish, has a low capacity, and is sequential. The data is stored on the paper tape as punched hole patterns, with data represented by the lack or presence of holes at certain locations.
Special tape reading and writing systems were used to write and store the data. It was widely used for teleprinter communication in the early twentieth century and the computing world in the 1950s and 1960s. Paper tape is no longer widely used. Perforated paper tape is another name for paper tape.
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Market Dynamics
Various applications across various industries drive the global paper tapes market. For instance, the rising demand for surgical paper tapes in the healthcare and pharmaceutical sectors will aid the expansion of the market and its new outdoor applications.
Demand from the automotive industry has emerged as a major growth driver
The automotive industry has been steadily expanding. One of the primary drivers enabling growth in this sector is customers' increased interest in automotive modification. Paper tapes are used in a variety of ways to customize a vehicle. Masking, spray painting, varnishing, sealing and other techniques are among them.
After surface painting, these tapes provide exceptional surface protection and a clean paint line. Surface protection has aided the car industry's expansion. The increased demand for masking tapes in this industry is expected to boost the market's growth.
Market Segmentation:
By Product
• Masking Tape
• Packaging Tape
By Adhesive
• Rubber-based Adhesive
• Acrylic-based Adhesive
• Silicon-based Adhesive
By Application
• Masking
• Packaging
• Sealing
• Labeling
By Feature
• Single-sided
• Double-sided
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Geographical Analysis
North America holds the largest market share global paper tape market
North America, led by the United States, ranks second in market share in the worldwide paper tapes market. North America dominates the healthcare business. As a result, the region's growth is fueled by the region's expanding need for paper tapes in the healthcare business. The building industry in the region is growing at a steady pace, increasing the demand for paper tapes.
Governments in the region are continually launching aeronautical initiatives. For example, the Solar Orbiter project is a next-generation solar-observing satellite that will provide unprecedented data of the solar system and images of the sun's poles while researching the heliosphere.
Competitive Landscape
The worldwide Paper Tape market is highly consolidated. Key players operating in the global market for Paper Tape include 3M Company, Intertape Polymer Group Inc., Berry Global Inc., Shurtape Technologies, LLC, Atlas Tapes S.A., Advance Tapes International, Alpha Packaging, Inc, O.Berk Company, LLC, C.L. Smith, Aaron Packaging Inc., and Bolex.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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