Adhesive Tape Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Adhesive Tape Market stood at USD 80.42 billion in 2022 and is anticipated to grow with a CAGR of 4.91% in the forecast period, 2023-2028. The initiatives taken by the government based on adhesive tape have led to favorable market conditions for the Global Adhesive Tape Market. Several factors contribute to the growth of various adhesive tape products.
Regulations play a crucial role in shaping the adhesive tape market. In the United States, the U.S. Food and Drug Administration (FDA) has established guidelines specifically for medical adhesive tapes and bandages. These regulations are in place to ensure the safety and effectiveness of adhesive tapes used for medical purposes, providing reassurance to both healthcare professionals and patients.
Furthermore, the FDA has taken steps to approve the use of certain biodegradable hemostatic glues, introducing a new dimension to the adhesive tape market. This approval not only showcases the FDA’s commitment to innovation but also opens doors to more sustainable and environmentally friendly options in the industry.
Government-backed research is also making significant contributions to advancements within the adhesive tape industry. For instance, a recent study funded by the U.S. Department of Justice has explored the use of liquid nitrogen as a means to separate adhesive tapes. This innovative approach demonstrates the government’s support for finding new and effective solutions within the industry.
Overall, the combination of regulations, FDA approvals, and government-backed research is driving the adhesive tape market forward, ensuring the safety, efficacy, and continuous improvement of adhesive tape products.
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At present, the rising demand for adhesive tapes in electronics and electrical applications is positively influencing the growth of the market. Besides this, the ongoing proliferation of electronic devices and electrical equipment across various industries is driving the demand for reliable and efficient bonding solutions. Adhesive tapes, with their versatility and adaptability, are playing an instrumental role in securing components, insulating circuits, and enhancing overall product performance.
As businesses continue to innovate and expand their electronic and electrical offerings, the demand for adhesive tapes is steadily increasing. Furthermore, the advent of emerging technologies, such as flexible electronics and wearable devices, is creating new avenues for adhesive tape applications. These cutting-edge innovations heavily rely on adhesive tapes for their flexible and reliable bonding needs, enabling them to push the boundaries of what is possible.
With the continuous advancements in technology, the adhesive tape market is poised to grow even further to cater to the unique requirements of these emerging industries. As more industries embrace these technologies, the demand for adhesive tapes will continue to rise, driving the market’s expansion.
In conclusion, the increasing demand for adhesive tapes in electronics and electrical applications, coupled with the emergence of new technologies, is creating a favorable environment for the growth of the adhesive tape market. As businesses and industries continue to rely on adhesive tapes for their bonding needs, the market is expected to thrive and evolve to meet the ever-changing demands of the modern world.
The Global Adhesive Tape Market is segmented into resin, technology, application, regional distribution, and company
Based on its application, the packaging segment held the largest share in the market. The increasing trend of online shopping has significantly impacted the demand for packaging and distribution of goods, resulting in a surge in the global demand for adhesive tapes. These versatile tapes find extensive use across various industries including automotive, healthcare, textiles, leather, aerospace, defense, locomotives, and more, playing a vital role in driving the market forward.
In the automotive industry, adhesive tapes are particularly sought after due to the emphasis on weight reduction in vehicles to enhance fuel efficiency. Manufacturers are increasingly replacing traditional bolts and screws with adhesive tapes to reduce the overall weight of cars. For instance, according to the International Organization of Motor Vehicle Manufacturers, the production of automotive vehicles in India witnessed significant growth from 47.81 million units in 2017 to 51.21 million units in 2018.
Furthermore, adhesive tapes are widely utilized in medical equipment assembly and wound care during surgical procedures. Moreover, their application extends to the production of diapers for both babies and adults, where skin-friendly adhesive tapes play a crucial role.
The market growth is further fueled by the rising demand for water-activated adhesive formulation adhesive tapes, in line with the increasing preference for recyclable and biodegradable packaging materials. This combination of factors has contributed to the steady expansion of the adhesive tape market.
Based on region, the Asia Pacific segment is expected to grow during the forecast period.
The Asia Pacific adhesive tapes market is experiencing increased growth in various end-use industries such as healthcare, building & construction, packaging, and others. According to the Ministry of Economy, Trade, and Industry (METI) of Japan, the shipment value of the packaging industry in Japan was around US$49.85 Billion in 2018, which has further increased to US$50.66 Billion in 2019. This growth can be attributed to the rising demand for packaging materials in the region.
Moreover, the healthcare industry has emerged as a dominant sector in the Asia Pacific region, driven by the high demand for medical bandages, including dry clothing and first aid kits. The increasing awareness of advanced wound care has further fueled the need for new products in the region. Furthermore, the Asia Pacific region is experiencing significant economic growth, leading to substantial investments in industries such as automotive, healthcare, electrical and electronics, and building & construction.
Major players in the region, such as Nitto Denko of Japan and Ajit Industries of India, have recognized the potential and have inaugurated new plants and expanded their production units in their respective countries. The Asia Pacific region offers advantages in terms of competitive pricing due to lower production costs, allowing companies to better serve emerging local markets. These factors contribute to the thriving Asia Pacific adhesive tapes market.
Major companies operating in the Global Adhesive Tape Market are:
- 3M Company
- Berry Global Inc.
- DuPont de Nemours, Inc.
- HB Fuller Company
- Henkel AG & Co. KGaA
- LINTEC Corporation
- Lohmanh GmbH & Co. KG
- NITTO DENKO CORPORATION
- OJI Holdings Corporation
- Sika AG
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“Growing application of adhesive tape in various end-user industries are key drivers of the adhesive tape market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of adhesive tape with every passing year are anticipated to register an impressive growth to the Global Adhesive Tape Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Adhesive Tape Market By Resin (Acrylic, Rubber, Silicone, Others), By Technology (Water Based, Solvent, Hot Melt Based), By Application (Packaging, Masking, Healthcare, Automotive, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Adhesive Tape Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Adhesive Tape Market.
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Table of Content-Adhesive Tape Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Adhesive Tape Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Resin (Acrylic, Rubber, Silicone, Others)
4.2.2. By Technology (Water Based, Solvent Based, Hot Melt Based)
4.2.3. By Application (Packaging, Masking, Healthcare, Automotive, Others)
4.2.4. By Region
4.2.5. By Company (2022)
4.3. Market Map
4.3.1. By Resin
4.3.2. By Technology
4.3.3. By Application
4.3.4. By Region
- Asia Pacific Adhesive Tape Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Resin
5.2.2. By Technology
5.2.3. By Application
5.2.4. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Adhesive Tape Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value & Volume
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Resin
5.3.1.2.2. By Technology
5.3.1.2.3. By Application
5.3.2. India Adhesive Tape Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value & Volume
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Resin
5.3.2.2.2. By Technology
5.3.2.2.3. By Application
5.3.3. Australia Adhesive Tape Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value & Volume
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Resin
5.3.3.2.2. By Technology
5.3.3.2.3. By Application
