Adhesive Tape Market Size [2022-2029] | Industry Growth, Share, and Forecast Report by Fortune Business Insights™

Companies covered in the Adhesive Tape Market are 3M, Tesa SE, Pioneer Corporation, Bemis Company, Inc., Avery Dennison Corporation, Berry Global Inc., JDC Solutions, Inc., Halco, H.B. Fuller, Advance Tapes International, Shurtape Technologies, LLC, 3F GmbH, Gergonne Industries, Symbio, Inc., and other major players.

PUNE, India, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The global adhesive tape market size is expected to gain momentum owing to rapid rise of e-commerce platforms and rising demand for adhesive tapes across several industrial applications across the globe.

This information is published by Fortune Business Insights™ in its latest report titled "Adhesive Tape Market Size, Share and Industry Analysis and Regional Forecast 2022-2029".

Adhesive tape is a combination of adhesive films and other materials widely used to bond two objects. They are connected using objects such as screws, fasteners and welds. Due to their strong rigidity and strong adhesive properties, they are further used in various industrial applications such as automotive, paper and pulp, packaging, transportation and logistics, etc. The viscoelasticity of the tapes ensures that they behave similarly in solids and liquids.

competitive landscape

Mergers and acquisitions of major companies boost sales revenue

The global adhesive tape market consists of several small, medium, and large companies that are striving to strengthen their positions through acquisitions of other companies and increasing sales revenue. Adoption of strategies such as partnerships, collaborations, and introduction of innovative products are expected to further boost the growth of the market during the forecast period.

What does the report include?

The market report includes quantitative and qualitative analysis of several factors such as key drivers and restraints influencing the growth of the market. The report provides insights into the regional analysis covering different regions that are contributing to the growth of the market.

It includes the competitive landscape involving leading companies and the strategies they employ to launch new products, and announce partnerships and collaborations that will help the market growth from 2022 to 2029. Moreover, research analysts have employed various research methodologies such as PESTEL and SWOT analysis to extract information on current trends and industry developments that will drive market growth in the coming years.

Report Scope and Segmentation:

Report scope details

Forecast period 2022-2029

Base year 2021

2018-2020 Historical Data

Regional coverage North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the World

Market Segment Covered by Type (Pressure Sensitive, Water Activated, Heat Sensitive, Others),

By adhesive technology (solvent-based, water-based, hot-melt, others),

By End-Use Industry (Automotive & Transportation, Electrical & Electronics, Paper & Packaging)

Adhesive Tape Industry Growth Driver Accelerates Growth Owing to Rising Demand for Industrial Applications Globally

Emerging e-commerce platforms spur growth

List of Companies Operating in the Global Adhesive Tape Market:

3M

tesa SE

pioneer company

Bemis

Avery Dennison

Berry Global

JDC Solutions, Inc.

Harco

H.B. Fuller

Advanced Tape International

Shurtape Technologies LLC

3F Limited

Gegong Industry

Symbio Corporation

other major players

driving factors

Increasing adoption of e-commerce for growth

The high disposable income of the working population and the growing number of smart cities have resulted in higher living standards across the globe. Due to technological advancements, there has been a paradigm shift in the purchasing patterns of consumers as online purchases gain momentum. The onset of the novel coronavirus has further pushed online sales to even greater heights as e-commerce platforms are witnessing an increase in online sales.

For example, online sales in June 2020 were up more than 76% compared to June 2019, according to Adobe. The increasing popularity of e-commerce platforms is expected to boost the demand for packaging tapes, thereby driving the growth of the global tape market over the forecast period.

Regional insight

Increasing adoption of automobiles in APAC to surge demand

Among all the regions, Asia Pacific is expected to maintain its leading position while occupying the highest position in the global adhesive tape market. This dominance is attributed to the growing population that is driving the demand for automobiles in the region. Adhesive tapes are widely used in automotive exteriors and other components due to their high tensile strength and stiffness.