Adhesive Tapes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Adhesive Tapes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Adhesive Tapes Market

The adhesive tapes market size was valued at USD 58.73 billion in 2023, and the market is now projected to grow from USD 62.04 billion in 2024 to USD 87.67 billion by 2030, exhibiting a CAGR of 5.9% during the forecast period of 2024-2030.

Meanwhile, as the COVID-19 pandemic raged, the number of deals in the incite was reduced due to the industry of tapes' general slowdown, where automotive manufacturing, construction, and electronics & electrical are the major end-use industries. Nevertheless, a recovery of the economy achieved at the end of 2020 has set the rate of the adhesive tapes market growth into motion.

The packaging industry which is increasing due to the increase in e-commerce and online shopping is one of the key drivers to the adhesive tapes market share. E-commerce has caused a shift in how consumers purchase goods since they can shop on their PCs without leaving their homes; hence, more and more consumers prefer to shop online. The more consumers go to online shopping the more businesses face securely packaging products for shipping becomes a challenge. Not only that, but the warehousing industry is similarly a substantial source of environmental pollution about the packaging materials such as adhesive tapes, due to the fact that it is highly essential for the sealing of the cardboard boxes, envelopes, and parcel.

Nowadays, not only the companies but also the customers are the key players in sustainability issues. The call for adhesive tapes that reduce the environmental impact and progressive resource preservation from the beginning of the product's lifetime is increasing.

Comprehensive Analysis of Adhesive Tapes Market

Due to product diversification, the adhesive tapes industry and the advanced material space are unabatedly increasing in size. With the flourishing of this market high-level regional evaluations that are multi-dimensioned can be made which consider the essential supply and demand determinants of the chemical and advanced materials sector. Divisions are created strictly by material, and end-user industry. Paper, polyvinyl chloride, PET, PP, and polytetrafluroethylene are the included in material classification. Automotive industry composing Wiring harness, interior, exterior, and other, electric & electronics, medical, building & construction are the major end user industry.

The Asia Pacific took the leading position in the adhesive market for tapes among all the others in the world in 2023 with the rapid growth of building & construction, automotive, medical, electric & electronics, and packaging industries in that region. The analyzed region is forecasted to flourish with the highest CAGR how the time passes due to the fact of enhanced industrialization, infrastructure development, and growing demand in emerging economies, including India and China.

Depending on the industry where these leading companies are playing their role, they are either creating new business chances, or they are the ones who establish market standards. These gamers embody the following: Tesa SE(Germany),3M Company (U.S.), Arkema S.A. (France), Nitto Denko Corporation (Japan), Avery Dennison Corporation (U.S.),Sika AG (Switzerland), Saint-Gobain (France),LINTEC Corporation (Japan),Scapa (U.K.),Henkel AG (Germany), Coroplast Tape Corporation (Germany), and certoplast Technische Klebebander GmbH (Germany). These organizations provide an immoderate, degree-gambling landscape.

The company Tesa SE in April 2023 published ""Tesa 60408"", which has sustainability aspects, for example, the paper backing and the natural rubber adhesive with 100% bio-based resin. Concerning the cardboard tape it is recycling-friendly as the cardboard box and they can be recovered together without contaminating the treatment processes according to Method 12 INGEDE.

Segmentation Table

Global Adhesive Tapes Market Scope

Study Period 2017-2030

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2030

Historical Period 2017-2022

Growth Rate CAGR of 5.9% from 2024 to 2030

Unit Value (USD billion)

Segmentation By Material, By End-user Industry, By Region

By Material

Paper

Polyvinyl Chloride

PET

PP

Polytetrafluoroethylene

Others

By End-user Industry

Automotive

- Wiring Harness

- Interior

- Exterior

- Others

Electric & Electronics

Medical

Building & Construction

Others

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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