by on June 20, 2024
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Adhesive tapes are pressure-sensitive materials used for bonding purposes. They are available in multiple forms like cloth tapes, paper tapes, plastic tapes, and specialty tapes. Adhesive tapes provide binding, bundling, sealing, and marking solutions for industrial and commercial applications. They offer strong adhesion to a wide variety of substrates, including paper, cardboard, plastics, and metals. Adhesive tapes find widespread use in packaging, healthcare, electronics, construction, retail, automotive, white-goods, and shipping industries. The easy application process and re-usability of adhesive tapes have increased their demand.

The Global adhesive tapes market is estimated to be valued at US$ 62239.95 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.

Key Takeaways
The growing demand from these industries is propelling the market growth. Technological advancements in Adhesive Tapes Market Size manufacturing such as development of acrylic, silicone-based, and non-woven adhesive tapes have augmented their functionalities. Innovative product formulations that provide better adhesion, easier application, heat and water resistance are gaining wide traction in the global market.

The rising demand for specialty adhesive tapes that offer properties like UV resistance, heat resistance and moisture resistance from various industries like automotive, healthcare and electronics are driving the specialty adhesive tapes market. Development of bio-based adhesive tapes using plant-based raw materials to manufacture eco-friendly products is one of the key trends in the global adhesive tapes market.

Key players operating in the Adhesive Tapes Market Sizeare Swiggy, Zomato, Deliveroo, Uber Eats, DoorDash, Grubhub, Just Eat Takeaway.com, Gojek, Grab, Foodpanda. Adhesive tapes find applications across various end-use industries such as packaging, healthcare, automotive, electronics, retail, among others.

Market Opportunities
Growth opportunities lies in increasing applications of double-sided adhesive tapes in automotive, white goods and furniture industries due to superior bonding capabilities and ease of use. Development of adhesive tapes for emerging applications in electric vehicles,renewable energy and wearable devices sectors expected to create new revenue streams for market players.

The global outbreak of COVID-19 has significantly impacted the adhesive tapes market, as governments across the world imposed strict lockdown measures to contain the spread of the virus. The pandemic led to shutdown of manufacturing plants and disruptions in the supply chain. This hampered the production and demand for adhesive tapes in 2020 and 2021. However, the market is expected to rebound and exhibit steady growth post-pandemic.

Demand for adhesive tapes was higher from medical and healthcare sector during the pandemic. Adhesive tapes were used for making masks, PPE kits and other COVID essential products. Packaging industry also contributed to the sales of adhesive tapes as e-commerce deliveries increased during lockdowns. Adhesive tapes were utilized to seal and label packages for delivery. Going forward, key players must focus on producing adhesive tapes used in manufacturing COVID vaccines and medical products. They should also expand production capacities to cater to rise in packaging demand for online shopping. Diversification of product portfolio with eco-friendly tapes will open new growth avenues in post COVID world.

North America accounted for the largest share in the global adhesive tapes market prior to COVID pandemic. Countries like United States and Canada have strong manufacturing infrastructure in place for tapes production. The growing automotive industry and construction activities in North America fuels demand. Asia Pacific region is projected to experience fastest growth during the forecast period. China, India and other developing nations will drive the regional market owing to expanding e-commerce sector, healthcare infrastructure and electronics industry. Southeast Asian countries have emerged as prominent manufacturing hubs and offer immense opportunities for adhesive tape manufacturers.

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