The market for adhesive tapes is driven by the growth of packaging and healthcare industries. It is an application based market and relies heavily on its usage across sectors like food & beverages, construction, automotive among others.A major chunk of the consumption of these tapes is attributed to its use in packaging across all the sectors both as commodity tapes and specialty tapes.Furthermore increasing demand from healthcare industry has augmented the market for adhesive tapes. APAC with its positive growth numbers and economic outlook has proved to be a potential market for such tapes across all the industries. In coming few years APAC is expected to be the fastest growing market with high consumption value of these tapes. Healthcare is the largest market by application due to its varied use in surgical containers, monitoring electrodes, and other medical devices. The segment is likely to witness rapid growth due to increasing demand from APAC region, which is also anticipated to be the fastest growing market due increased awareness about health risks and diseases.
The global adhesive tapes market is expected to cross USD 62 Billion by 2022. The market is expected to grow at a CAGR of approximately 5% in the forecasted period.
- Raw material Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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Global Adhesive Tape Market – Segments
Global Adhesive Tape Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Polypropylene, Paper, and Polyvinyl Chloride
Segmentation By Technology : Comprises – Hot Melt, Solvent, and others
Segmentation By Application : Comprises – Healthcare, Food & Beverages, Construction, Automotive, Consumer and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Regional Analysis of Global Adhesive Tapes Market
APAC is the fastest growing market for adhesive tapes and the share is attributed to the growing healthcare market. There is growing awareness among the consumers about health and fitness. This fuels the demand for such tapes in healthcare sector from the region. Also, increased investment in infrastructure and construction to support the rapid population growth and urbanization, has further led to the increasing demand for adhesive tapes in construction sector.
However, North America was valued to have the largest market share in 2015 and is expected to grow in coming years. It is followed by Europe which is expected to grow steadily over the forecasted period.
The key players of global adhesive tapes market report include- 3M Company, Avery Dennison Corporation, Tesa SE, Nitto Denko Corporation,Lintec Corporation, Henkel AG & Company KGaA, Intertape Polymer Group, Lintec Corporation, Shurtape Technologies LLC, Scapa Group Plc and Lohmann GmbH & Co.KG.
Global Adhesive Tape Market – Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of adhesive tape appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.
In September 2017, Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, will present and exhibit at PACK EXPO in Las Vegas, NV September 25-27. As North America’s premier packaging event, PACK EXPO connects packaging engineers, designers, purchasers, plant managers and more, featuring product demos and educational sessions in addition to its exhibit hall. At the show, Bostik’s Innovation Stage presentation would feature Kizen, its latest innovative solution for end of line packaging, including case and carton sealing and tray erecting. Bostik will detail how this product offers improved performance, operational efficiencies and cost savings over existing EVA and metallocene options.
In June 2017, Avery Dennison Corporation today announced it has completed the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products in a variety of industrial markets, from its management and private equity firm ShawKwei & Partners. Yongle Tape would operate within Avery Dennison’s Industrial and Healthcare Materials business group, working in close collaboration with the company’s global Performance Tapes and Fastener Solutions businesses.
In July 2017, Henkel closes acquisitions of Darex Packaging Technologies and Sonderhoff Group. With the successful closing of the acquisitions of the global Darex Packaging Technologies business and the Sonderhoff Group, Henkel strengthens its Adhesive Technologies business and complements its technology portfolio. Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans.
The report for Global Adhesive Tapes Market ofMarket Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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