Growing pharmaceutical, e-commerce, and consumer durable industries coupled with increasing consumer demand for product information to boost the global adhesive film market through 2024. According to TechSci Research report, “Global Adhesive Film Market By Film Material, By Adhesive Resin Type, By Application, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024”, the global adhesive films market is projected to grow from $ 58 billion in 2018 to nearly $ 75 billion by 2024, exhibiting a CAGR of 5.8% during the forecast period, mainly backed by rising consumer demand for product information and growth in the pharmaceutical, e-commerce, and consumer durable industries.
The Important Elements of the Adhesives Film Market
Film adhesives are pre-catalyzed adhesives that include a broad range of compounds such as phenolic, bismaleimide, and epoxy that are supplied in the form of film or sheet. After being subjected to a curative process, film adhesives form a permanent structural bond on the attaching surface and can withstand environmental aggressors, the most predominant one being high temperatures.
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The global adhesive film market has been categorized into film material, adhesive resin type, application, end-use industry, and region. Based on application, the market for adhesive films has been segmented into tapes, graphic films, and labels. Among these applications, the labels segment is anticipated to become the fastest-growing application in the global adhesives film market during the forecast period.
The self-adhesive labels market is growing simultaneously with the growth trends of the packaging industry. The rising urban population and growing consumer awareness along with the growth of the e-commerce industry are driving the growth of the global self-adhesive labels market. Asia-Pacific is a lucrative market for adhesive films, due to improving economic situations and industrial development. Notably, this region constitutes more than 60% of the world’s population, leading to the growth of sectors such as manufacturing and processing.
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“Global market for adhesive tapes is highly fragmented, owing to the existence of various local and international vendors. There is strong competition among the vendors based on product portfolio, pricing, and differentiation. Notably, new technological advancements, improvements in raw materials, and development of new techniques are anticipated to drive the demand for adhesive films, globally, over the course of the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Adhesive Film Market By Film Material, By Adhesive Resin Type, By Application, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the global adhesive film market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global adhesive film market.
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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high-growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 full-time Analysts and Consultants employing innovative research solutions and tracking global and country-specific high-growth markets helps TechSci clients to lead rather than follow market trends.
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