Global Adhesive Tapes Market Size to Witness Significant Expansion To Hit $80.1 Billion At a 5.5% of CAGR by 2030

New York, NY, April 12, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Adhesive Tapes Market By Resin Type (Acrylic, Rubber, And Silicone), By Technology (Solvent-Based, Water-Based, And Hot-Melt-Based), By Backing Material (Paper, Polypropylene, And Polyvinyl Chloride), By End-Use Industry (Packaging, Masking, Consumer & Office, Healthcare, Electronics & Electrical, Automotive, Paper & Printing, White Goods, Retail, And Building & Reconstruction), By Category (Specialty Adhesive Tapes And Commodity Adhesive Tapes), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Adhesive Tapes Market size & share in terms of revenue was valued at USD 50.1 billion in 2022 and it is expected to surpass around USD 80.1 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period 2023 to 2030.”

What are Adhesive Tapes? How big is the Adhesive Tapes Industry?

Report Overview:

The global adhesive tapes industry size was nearly $50.1 Billion in 2022 and is anticipated to surge to approximately $80.1 billion by 2030, recording the highest growth rate of nearly 5.5% from 2023 to 2030.

Adhesive tapes find a spectrum of applications in electronics & electrical, packaging, consumer & office, automotive, and healthcare sectors. In addition to this, the use of the product in mechanical procedures helps in low-temperature operations that assist in easing individual processes. Furthermore, the product enables surface protection from damage & fasteners and paints & coatings. In addition to this, it provides a temporary interface between two layers. In addition to this, these products can be single or double-sided depending on the need of the customers.

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Global Adhesive Tapes Market: Growth Factors

The rise in e-commerce and online retail activities in developing countries has translated into a massive need for packaging, thereby resulting in huge demand for adhesive tapes. Furthermore, demand for product safety along with the prevention of packaged products from wear & tear will proliferate the size of the global adhesive tapes market globally. Large-scale demand for adhesive tapes in transdermal drug delivery, in vitro diagnostics, oral dissolvable films, and hydrophilic films will expedite the global market landscape. Extensive use of double-sided adhesive tapes in emblems, plate panels, nameplates, and roof molding in automotive will spur market growth over the forthcoming years.

Nevertheless, oscillation in the raw material costs can decimate the expansion of the adhesive tapes industry across the globe. However, the replacement of traditional mechanical tools such as screws & rivets, nuts & bolts, and mechanical interlocks with adhesive tapes will open new growth opportunities for the global industry.

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Report Scope

Adhesive Tapes Market: Segmentation Analysis

The global adhesive tapes market is divided into resin type, technology, backing material, end-use industry, category, and region.

The backing material segment of the adhesive tapes market is sub-segmented into paper, polypropylene, and polyvinyl chloride segments. Furthermore, the polypropylene segment, which accounted for 36% of the global adhesives market share in 2022, is predicted to retain its segmental dominance even during the foreseeable future. The segmental expansion over 2023-2030 can be due to escalating demand for proficient plastic packaging. Moreover, polypropylene is used for packaging on a large scale.

In terms of resin type, the market is divided into rubber, acrylic, and silicone segments.

Based on the technology, the adhesive tapes industry is bifurcated into solvent-based, water-based, and hot-melt-based segments.

On basis of the end-use industry, the global market is divided into packaging, masking, consumer & office, paper & printing, healthcare, electronics & electrical, automotive, white goods, retail, and building & reconstruction segments.

On basis of category, the adhesive tapes industry across the globe is divided into specialty adhesive tapes and commodity adhesive tapes segments. Moreover, the specialty adhesive tapes segment, which accounted for the highest industry share in 2022, will lead the category space in the forthcoming timeline. The segmental growth over the assessment period can be attributed to the large-scale demand for specialty adhesive tapes in the various sectors.

The global Adhesive Tapes market is segmented as follows:

By Resin Type

• Acrylic
• Rubber
• Silicone

By Technology

• Solvent-Based
•  Water-Based
•  Hot-Melt-Based

By Backing Material

• Paper
• Polypropylene
• Polyvinyl Chloride

By End-Use Industry

• Packaging
• Masking
• Consumer & Office
• Healthcare
• Electronics & Electrical
• Automotive
• Paper & Printing
• White Goods
• Retail
• Building & Reconstruction

By Category

• Specialty Adhesive Tapes
•  Commodity Adhesive Tapes

Browse the full “Adhesive Tapes Market By Resin Type (Acrylic, Rubber, and Silicone), By Technology (Solvent-Based, Water-Based, and Hot-Melt-Based), By Backing Material (Paper, Polypropylene, and Polyvinyl Chloride), By End-Use Industry (Packaging, Masking, Consumer & Office, Healthcare, Electronics & Electrical, Automotive, Paper & Printing, White Goods, Retail, and Building & Reconstruction), By Category (Specialty Adhesive Tapes and Commodity Adhesive Tapes), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030”- Report at https://www.zionmarketresearch.com/report/adhesive-tapes-market

Competitive Landscape

Some of the main competitors dominating the global Adhesive Tapes market include - 

• Intertape Polymer Group
• The 3M Company
• Nitto Denko Corporation
• Lohmann GmbH
• Scapa Group PLC
• Rogers Corporation
• tesa SE
• Avery Dennison Corporation
• Berry Global Inc.
• LINTEC Corporation
• Surface Shields
• NICHIBAN CO. LTD
• Advance Tapes International
• CMS Group of Companies.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Adhesive Tapes market is likely to expand at a CAGR of around 5.5% during the forecast period (2023-2030).                                            
• In terms of revenue, the Adhesive Tapes market size was valued at around US$ 50.1 billion in 2022 and is projected to reach US$ 80.1 billion by 2030.
• Based on resin type, the acrylic segment is predicted to dominate the global market share during the forecast timeline.
• In terms of technology, the hot-melt-based segment is slated to record the fastest CAGR over 2023-2030.
• On basis of the end-use industry, the packaging segment is projected to dominate the global market share during the assessment period.
• Region-wise, the Asia-Pacific adhesive tapes market is projected to register the fastest CAGR during the assessment period.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Adhesive Tapes industry?
• What are the main driving factors propelling the Adhesive Tapes Market forward?
• What are the leading companies in the Adhesive Tapes Industry?
• What segments does the Adhesive Tapes Market cover?
• How can I receive a free copy of the Adhesive Tapes Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Resin Type, By Technology, By Backing Material, By End-Use Industry, By Category, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

urthermore, the adhesive tapes market in North America is predicted to retain its dominant status over the upcoming timespan. The expansion of the market in North America can be credited to the increase in the surging demand for flexible packaging and huge end-user preference for adhesive tapes in the nations such as Canada and the U.S. The regional market expansion over the assessment timeline can also be due to the presence of consumer product manufacturing and healthcare firms in the region.

Apart from this, the European adhesive tapes industry is projected to register remarkable growth over the forecasting timeline with immense use of the product across the automotive and electronics sectors in the countries such as the UK, Germany, and France. The flourishing food processing sector in the Middle East & Africa will expand the business reach in the Middle East & African countries over the years ahead. In addition to this, rapidly emerging pulp & paper, as well as packaging sectors in Latin America, will multiply the expansion of the industry in the Latin American region.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In the second half of 2019, HB Fuller Company, a key U.S.-based adhesive-producing firm, sold dispersants & surfactants to Tiarco, LLC, for nearly $72 million. The former will use the proceeds from sales to pay for its debts and focus on its adhesive business. The move will help in restructuring the adhesive manufacturing business of the firm. This is also referred to as the pruning of the business portfolio.
• In the first quarter of 2019, Berry Global, Inc, a key producer of plastic packaging items, acquired RPC Global Plc, a UK-based plastic fabrication firm, for $6.5 billion. The strategic move will contribute majorly to its plastic packaging business portfolio. Such initiatives will boost the expansion of the adhesive tapes industry across the globe.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/adhesive-tapes-market

FREQUENTLY ASKED QUESTIONS

• What are adhesive tapes?
• Which key factors will influence global adhesive tapes market growth over 2023-2030?
• What will be the value of the global adhesive tapes market during 2023-2030?
• What will be the CAGR value of the global adhesive tapes market during 2023-2030?
• Which region will record the highest growth in the adhesive tapes industry globally?
• Which are the major players leveraging the global adhesive tapes market growth?

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