This market research study presents a detailed segmentation of the global adhesives tapes market by types of material (polypropylene, paper, and polyvinyl chloride), by application (packaging tapes, masking tapes, and specialized tapes), and by geography (APAC, Europe, North America, and ROW). The key vendors identified in the market are 3M, Avery Dennison, Henkel, Nitto Denko, and Tesa.
Technavio’s market research analysts estimate the global adhesive tapes market to grow at a CAGR of around 5% between 2016 and 2020. The use of adhesive tapes is no longer restricted to the traditional forms. Several new products have emerged in the market because of the advances in technology and innovation. Moreover, the increased use of corrugated boxes will boost the demand for carton sealing tapes and adhesives in the global adhesive tapes market. APAC is the largest market for adhesive tapes, accounting for 56% of the overall market share. Growing demand for medical tapes is one of the key factors for this region’s growth in the global market.
The new market research report from Technavio provides a breakdown and analysis of the adhesive tapes segments by technology.
“Of late, the market is witnessing rise in demand for recyclable and eco-friendly tapes. The stringent environmental regulations and consumer preference for environmentally friendly products have led to an augmented demand for recyclable adhesive tapes. Moreover, these eco-friendly tapes are made from biodegradable polymers obtained by the polymerization of bio-based raw materials and are a good alternative to petroleum-based raw materials,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
At present, the polypropylene segment leads the adhesive tapes market and accounted for more than 56% of the market share. Polypropylene is one of the primary resins used as a backing material in box sealing tapes that are used for sealing packages for shipment. Moreover, polypropylene is the main raw material used for manufacturing non-woven fabric, and this is expected to drive the growth of this segment over the predicted period.
Global adhesive tapes market by types of material 2020 (% volume)
Source: Technavio, 2016
The key players in the global adhesive tapes market include 3M, Avery Dennison, Henkel, Nitto Denko, and Tesa. The market is highly fragmented due to the presence of several regional and international vendors. There is intense competition among the vendors on the basis of product portfolio, differentiation, and pricing. The recent technological advancements, raw material improvements, and the development of new techniques are expected to drive the demand for adhesive tapes globally.
A more detailed analysis is available in the Technavio report, Global Adhesive Tapes Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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