Adhesive Tapes Market to hit USD 99.34 billion by 2029 Growth Challenges, Global Industry Analysis and Opportunity Assessment 2029

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Adhesive Tapes Market to hit USD 99.34 billion by 2029 Growth Challenges, Global Industry Analysis and Opportunity Assessment 2029

December 08
07:26 2022
Adhesive Tapes Market to hit USD 99.34 billion by 2029 Growth Challenges, Global Industry Analysis and Opportunity Assessment 2029
Adhesive Tapes Market
Adhesive Tapes Market was valued at US$ 62.8 Bn. in 2021 and the total Adhesive Tapes revenue is expected to grow at 5.9% from 2022 to 2029, reaching nearly US$ 99.34 Bn.

Pune, Dec 7, 2022: Maximize Market Research has published a new report entitled Adhesive Tapes Market 2021-2029. The Adhesive Tapes Market is estimated to be valued at USD  62.8 billion in 2021. The market is projected to reach a market value of USD 99.34 billion by 2029 and is expected to grow at a CAGR of 5.9 % during the forecast period 2022-2029.

Adhesive Tapes Market Report Scope:

The market for adhesive tapes is divided into Resin, Material, Technology, Type, End-Use Industry, and Region. The growth of distinct segments assists report users in gaining understanding of the many development drivers projected to be common across the market and developing various tactics to help find primary application areas and the gap in the target market. The research analyses the market in depth and includes valuable insights, facts, historical data, and scientifically backed and industry-validated market figures. Estimates are also provided based on a suitable set of assumptions and procedures.

The market size was estimated using a bottom-up technique. Secondary research is used to identify key players in the Adhesive Tapes market, and primary and secondary research is used to establish their market revenues. Primary research comprised interviews with key thought leaders and industry specialists such as competent front-line staff, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from prominent manufacturers. ABI Tape, Adchem, ADH Tape, and Adhesives Research are some of the major significant competitors in the worldwide Adhesive Tapes market.

The study provides local players’ market shares in each nation in addition to representing global companies. The study offers a thorough and informative view of the industry thanks to its breakdown of market structures by nation and the market share held by market leaders, market follows, and local companies. The market’s ongoing mergers, acquisitions, strategic alliances, joint ventures, and partnerships have all been examined in the research, along with their regional, financial, and strategic motivations.

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Adhesive Tapes Market Overview:

Adhesive tape has several applications, including packaging, sealing, masking, emergency repairs, and many others. Tape can be made from any flexible material, such as cloth, paper, or polymer sheets. The adhesive is frequently a pressure-sensitive bonding chemical, which allows the tape to be readily removed and/or reinstalled. Today, there are several varieties of specialised and general-purpose adhesive tapes used in medical, commercial, the arts, and household situations.

Adhesive Tapes Market Dynamics:

Growing demand for recycled PET packaging tapes: 

Recycled PET packing tape can be used with both manual and automatic dispensers. It has a high tensile strength and functions comparable to PVC or biaxially oriented polypropylene (BOPP) tapes. Furthermore, it has good printability with all ink systems, making it perfect for branding and advertising solutions. The tapes are often intended for applications involving light- to medium-weight packaging weighing up to 30 kg. Its pressure-sensitive acrylic adhesive and robust, abrasion-resistant backing assure good adhesion to recyclable cardboard as well as silent unwinding. As a consequence, these innovative tapes have the potential to be a good replacement for the extensively used polyvinyl chloride packaging tapes in a range of industries, including food and beverage, pharmaceutical, and logistics.

Tesa, a leading manufacturer of adhesive tapes and self-adhesive system solutions, is launching a brand-new packaging adhesive tape. 70% of the PET used to make the Tesa 60412 backing was recycled. PET packing tape that has been recycled comes from post-consumer recycling. Waterborne acrylic adhesive technique is also present. It may be thrown away in the proper paper recycling receptacle together with the cardboard without compromising the paper recycling process, said Tesa, which is accredited using the INGEDE approach.

Adhesive Tapes Market Regional Insights:

During the projected period, the Asia Pacific adhesive tapes market is estimated to grow at a CAGR of 9.1%. This growth can be attributed to the region’s high need for traditional wound care items such dry dressings, first-aid kits, and adhesive bandages. Growing awareness of the importance of enhanced wound care is projected to drive demand for novel products in this market. The region’s expansion is mostly due to the region’s strong economic growth rate, which has been backed by significant investments in industries such as automotive, medical, electrical & electronics, and construction. Several companies are developing new plants or expanding existing adhesive tape manufacturing activities in the region.

Adhesive Tapes Market Segmentation:

By Resin:

  • Acrylic
  • Rubber
  • Silicone
  • Others 

By Material:

  • Polypropylene (PP)
  • Paper
  • Polyvinyl Chloride (PVC)
  • Others 

By Technology:

  • Solvent-based
  • Hot-Melt based
  • Water-based 

By Type:

  • Commodity Adhesive Tapes
  • Specialty Adhesive Tapes

By End-Use Industry:

  • Packaging
  • Electrical & Electronics
  • Healthcare
  • Automotive
  • White Goods
  • Paper & Printing
  • Building & Construction
  • Retail
  • Others

Adhesive Tapes Market Key Competitors:

  • ABI Tape
  • Adchem
  • ADH Tape
  • Adhesives Research
  • Advance
  • AFTC
  • ATP
  • Avery-Dennison
  • Bagla Group
  • Berry Global
  • Bolex
  • BondTape
  • Bron
  • Cantech
  • Cattie Adhesives
  • CCT
  • Champion Tape
  • Coroplast
  • Dewal
  • DIC
  • Dow
  • Essentra
  • Fabrico
  • Gorilla Glue Company
  • Henkel
  • Heskins
  • Inter Polymer Group (IPG)
  • ITC Tapes
  • ITW
  • Jonson Tapes
  • JTape

Key Questions answered in the Adhesive Tapes Market Report are: 

  • What is the competitive landscape of the Adhesive Tapes Market?
  • What are the major factors driving the Adhesisve Tapes Market?
  • Which region is projected to dominate the Adhesive Tapes Market by 2029?
  • What will be the Adhesive Tapes Market CAGR throughout the projected period?
  • Who are the leading companies in the Adhesive Tapes Market?
  • What significant trends in the Adhesive Tapes Market are anticipated to emerge over the forecast period?
  • What is the estimated size of the Adhesive Tapes Market by 2029?
  • In 2021, which firm had the greatest share of the Adhesive Tapes Market?
  • Which application sector is predicted to emerge as the market leader in Adhesive Tapes?

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Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Cooling Fluids, Application, Data Center, End-Use Industry, and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading chemical & material research firm, has also published the following reports:

Tile Adhesives and Stone Adhesives Market– The Tile Adhesives and Stone Adhesives Market size is expected to reach USD 8.34 Billion by 2029, at a CAGR of 8.2 % during the forecast period. The rising construction industry across the globe boosts Tile Adhesives and Stone Adhesives Market.

Waterproof Adhesives and Sealants Market– The Waterproof Adhesives and Sealants Market size is expected to reach USD 35.81 billion by 2029, at a CAGR of 6.2 % during the forecast period. Rapid growth in the construction industries, along with the creation of complex and advanced modern infrastructure throughout the region is expected to drive market growth.

Plastic Films and Sheets Market– The Plastic Films and Sheets Market size is expected to reach USD 178.19 billion by 2029, at a CAGR of 4.5 % during the forecast period. Growing demand for bi-axially oriented films across the world is driving the growth of the market.

About Maximize Market Research:

Maximize Market Research provides syndicate as well as custom-made business and market B2B and B2C research on 6,500 high-growth emerging technologies and opportunities as well as threats to the companies across the  Chemical, Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. 

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