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Self-Adhesive Tape Market- Opportunity & Forecast, 2027

Self-Adhesive Tape Market: Information by Material (Polypropylene, Paper, and Polyvinyl Chloride), by End Users (Health Care, Building & Construction, Consumer Goods, Automotive) - Global Industry Analysis, Growth, Trends, Price Analysis, Supply Chain Analysis, and Forecast 2016 - 2024

Against a backdrop of favorable conditions and remarkable drivers, the self-adhesive tape market is expected to witness significant growth with a CAGR of 10.2% during 2019–2026.

The market for self-adhesive tapes is driven by the rapid growth in packaging and healthcare industries. It is an application-based market industryand relies heavily on its usage across numerous end-use sectors likeconstruction, food & beverages, automotive among others.A major chunk of the of the self-adhesive tape is on track and expected to grow at a CAGR of 5%, creating global market of USD 37.84 billion by the end of 2019.

The U.S is the major market for the self-adhesive tapes, packaging and carton sealing taped accounts 20% of global demand and China is the major consumer of the products. Moreover, the adoption of technological advancement and growing demand for convenient packaging solutions is one of the major factors.

The future of market looks bright in India and China as well. As local players and stakeholders look beyond traditional form of packaging and adhesive tape, but the manufacturer such as Powerband launched more and more innovative packaging tapes and solutionswith high efficiency and reliability in operation.

Outlook in the Market Segmentations:

Polypropylene, Paper, and Polyvinyl Chloride are the material used in the self-adhesive tape. Polypropylene based packaging tape are widely used for the cardboard boxes and for product packaging. PP material is cheap and can be used as alternative for nearly all application made of PVC. The volume of PP production has been growing the most, compared to all plastic materials.  According to Plastic insights, the total production of PP was around 73.78 million tons in 2016, among which China produced 27% of global production.

Based on the end user, the market is segmented into health care, building & construction, consumer goods, automotive, and others. The rapidly growing construction industry in the wake of population growth and urbanization is expected to fuel the self-adhesive tape market during the forecast period. According to Oxford Economics, the global construction sector will attain a value USD 12.7 trillion by 2020 with an annual growth rate of 3.9%, mainly driven by infrastructure development. Moreover, the rapid increase in demand from the automotive sector across the globe, the market for self-adhesive tapes is expected to rapidly increase over the foreseenperiod.Global automotive industry is poised for disruption, underpinned by new technologies and business models in the packaging.

Regional Insights:

Asia-Pacific is gaining substantial attention in the market due to the increasing instances of packaging products and the prompt need for adhesive tapes in industrial and commercial sectors. The strong presence of key players in the region engenders disruption in the self-adhesive tapes market. Government spending and foray of major players in Asia (China, India, and Japan) are the New revenue pockets for the self-adhesive tapes Market.China is likely to be one of the major consumers of the self-adhesive tapes in the next few years. Powerband is one of the biggest manufacturers of BOPP tapes in South and West Asia, and aims to become one of world's top five manufacturers of self-adhesive tapes.

North America has witnessed tremendous growth in the self-adhesive tape ecosystem in the last few years. This transformation has been driven by the confluence of three factors such as development in technology, raw materials are easily available, and manufacturing infrastructure. The US is one of the largest markets for self-adhesive tapes, carton-sealing tapes, and packaging tapes accounts for 20% of global demand. But its market share is likely to decline as consumption in developing countries such as China, India and European countries is growing.

Key Factors Covered by the Report 

This research report broadly cover analysis of all market drivers, challenges, trends, opportunities and other macro market scenarios you need to know to improve your Business strategic planning and remain competitive and leading. The study also provides key facts and figure with exclusive data insights of all region in addition to expert and highly accurate market size and projection to help you in identifying new opportunities for revenue growth and sustainability. The report will also help you define your competitive (competitor) eco-system along with offering options for sustainable growth.

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Global Self-Adhesive Tape Market:

By Material:

  • Polypropylene
  • Paper
  • Polyvinyl Chloride

BY End Use:

  • Health Care
  • Building & Construction
  • Consumer Goods
  • Automotive

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
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