With a compound annual growth rate (CAGR) of 4.7%, “Adhesive Tapes Market is expected to grow from USD 85.1 billion in 2024 to USD 107.1 billion in 2029. The report breaks down the market by end-use industry (packaging, healthcare, electric & electronics, automotive) region, adhesive tapes type (acrylic, rubber, silicone), technology (solvent, hot-melt, water-based), backing material (PP, paper, PVC), and global forecast to 2029. One of the biggest markets for sticky tapes is Asia Pacific. Across a wide range of sectors, including the automotive, packaging, construction, electronics, healthcare, and more, adhesive tape demand is rising significantly. Emerging markets for adhesive tapes are anticipated to be driven mostly by countries like China, India, Brazil, and Mexico.
Important Market Participants
The leading companies in the worldwide adhesive tapes market are 3M Company (US), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (US), Nitto Denko Corporation (Japan), SCAPA Group PLC (UK), Berry Global Inc. (US), Tesa SE (Germany), Lohmann GMBH & Co. KG (Germany), Saint-Gobain Performance Plastics (France), and Lintec Corporation (Japan).
During the projected period, the adhesive tapes market in the Asia Pacific region is probably going to develop at the quickest rate.
Demand is being driven by the Asia Pacific region’s rapid industrialization and urbanization in a number of industries, including healthcare, electronics, construction, automotive, and packaging. There is a growing need for adhesive tapes for applications such as assembly, bonding, sealing, and packaging due to the expansion of industrial operations in nations like China, India, Japan, and South Korea. Furthermore, the thriving e-commerce sector is dramatically raising demand for adhesive tapes for safe and effective packaging during handling and transportation, as a result of the increasing popularity of online shopping among consumers and the growth of the logistics and delivery industries. Furthermore, the construction industry is experiencing an increase in demand for bonding, sealing, insulation, and surface protection due to ongoing infrastructure development projects, especially in China and India. Technological developments in adhesive tape that cater to various industrial requirements are expected to bolster market expansion in the area.
Market dynamics for adhesive tapes: The impact of e-commerce on the uptake of adhesive tape films for packaging
Limitation: The fluctuation of raw material prices in the production of adhesive tape
Opportunity: Potential substitutes to traditional fastening system
Challenge: Implementation of stringent regulatory policy
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