The adhesive tapes market size has grown strongly in recent years. It will grow from $70.71 billion in 2023 to $76.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to industrial growth, a boom in the packaging industry, automotive manufacturing, the electronics and electrical industry, and increased applications in the medical and healthcare sectors.
The adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $103.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to increasing demands for repair and maintenance, expanded use in automotive manufacturing, infrastructure rehabilitation, the impact of rapid urbanization, and the trend towards electrification in vehicles. Key trends expected in the forecast period encompass advancements in tape technology, the evolution of flexible packaging, a focus on customization and personalization, automotive lightweighting strategies, and the adoption of green and sustainable solutions.
The adhesive tapes market is poised for substantial growth in the foreseeable future, driven by the expanding automotive industry and surging demand for adhesive tapes worldwide, particularly from the automotive sector. Adhesive tapes, known for their lightweight, compact, and smooth attributes, are increasingly favored in car interiors for applications such as bonding electronic products, parking sensor retainers, door cladding, spoilers, and seals. The global passenger car market is projected to experience a notable upswing, rising from $1321.7 billion in 2020 to $1988.7 billion by 2025. As the automotive industry continues to prioritize lightweight solutions, adhesive tapes are progressively replacing traditional metal fasteners in automobiles. Consequently, the escalating production of vehicles is anticipated to drive a substantial increase in the demand for adhesive tapes, resulting in a boost to overall sales.
The expansion of the adhesive tape market is anticipated to be fueled by the burgeoning packaging industry. The packaging sector, encompassing activities related to the design, production, and distribution of materials for containing, protecting, and presenting goods, plays a pivotal role in storage, transportation, sale, and utilization. Adhesive tapes are widely employed in the packaging industry for tasks such as sealing, securing, and bundling packages, owing to their robust adhesion and versatile characteristics. As an illustration, in August 2023, the Department of Climate Change, Energy, the Environment, and Water, a UK government department, reported that 6.74 million metric tons of packaging were introduced to the market in Australia during 2020–21. This substantial volume underscores the pivotal role of adhesive tapes in the packaging industry, driving the overall growth of the adhesive tape market.
The introduction of eco-friendly tapes emerges as a significant trend in the adhesive tapes market. Various countries globally have implemented bans on the use of toxic materials in the production of adhesive products. This shift is attributed to the rising demand for recyclable tapes, influenced by both governmental policies and a shift in end-user preferences towards environmentally sustainable products. Many companies are transitioning from conventional materials such as plastic to biodegradable alternatives such as paper and cellulose for tape manufacturing. An illustrative example is the January 2021 launch of the ECO+ tape by Italy-based IRPLAST. This tape is composed of 34% post-industrial recycled IRPLAST BOPP film, with the cores made from recycled cardboard. Notably, the ECO+ tape achieves a reduction in emissions without compromising adhesion quality, exemplifying the industry's commitment to eco-friendly solutions.
Prominent companies within the adhesive tapes market are strategically focusing on the development of advanced adhesive solutions, with a particular emphasis on products such as reinforcing tape, aimed at delivering reliable services to their customers. A reinforcing tape is characterized by a fabric with one side coated in a sticky, waterproof adhesive that ensures immediate adherence to the substrate upon application. An exemplary case is seen with tesa tape Asia Pacific Pte Ltd., a Germany-based manufacturer known for its innovative adhesive tapes and self-adhesive product solutions. In November 2023, the company introduced the Tesa 51345, a paper-based reinforcing tape designed to reinforce packaging or cartons in critical areas such as side holes, flaps, or carrying handles. Notably, this tape can be seamlessly applied during the corrugated cardboard manufacturing process or in the subsequent processing of cartons and packaging using standard applicator systems. This strategic focus on advanced adhesive tape solutions underscores the commitment of major companies to providing enhanced and reliable offerings to meet the evolving needs of their customer base.
In March 2021, ATP Adhesive Systems Group, a Switzerland-based company specializing in the development and manufacturing of tailor-made adhesive products, disclosed the acquisition of BDK Industrial Products Ltd. for an undisclosed sum. This strategic move is anticipated to enhance the market positions of both entities, enabling them to offer an expanded range of customized products, including medical adhesive tapes and tailored adhesive solutions, to their clientele. BDK Industrial Products Ltd., based in the UK, is a specialized adhesive tape converter recognized for its role as a solution provider catering to healthcare and other industries.
Major companies operating in the adhesive tapes market report are Compagnie de Saint-Gobain S.A., 3M Company, Henkel AG, Berry Global Inc., DuPont de Nemours Inc., OJI Holdings Corporation, Sekisui Chemical Co. Ltd., Sika AG, Avery Dennison Corporation, Nitto Denko Corporation, RPM International Inc., H.B. Fuller Company, Schweitzer-Mauduit International Inc., Tesa SE, Lohmann GmbH & Co., Intertape Polymer Group Inc., American Biltrite Inc., INDUSTRIAS TUK S.A. DE C.V., Dewal Industries Inc., CMS Group of Companies, Nichiban Co. Ltd., JDC Solutions Inc., Lintec Corporation, Scapa Group PLC, Shurtape Technologies LLC, Advance Tapes International Ltd., Canadian Technical Tape Ltd., ORAFOL Europe GmbH, Pioneer Tapes, Bemis Company Inc., 3F GmbH, Symbio Inc.
Asia-Pacific was the largest region in the adhesive tapes market in 2023. The Asia-Pacific region is predicted to record fastest growth in the adhesive tapes market during the forecast period. The regions covered in the adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary resin types employed in the production of adhesive tapes include acrylic, rubber, silicone, among others. These tapes utilize diverse materials such as polypropylene (PP), paper, polyvinyl chloride (PVC), and others. Production technologies encompass solvent-based, hot-melt based, and water-based methods. Adhesive tapes find extensive application across various sectors including packaging, consumer and office use, healthcare, automotive, electrical and electronics, building and construction, and other industries.
The adhesive tapes market research report is one of a series of new reports that provides adhesive tapes market statistics, including adhesive tapes industry global market size, regional shares, competitors with a adhesive tapes market share, detailed adhesive tapes market segments, market trends and opportunities, and any further data you may need to thrive in the adhesive tapes industry. This adhesive tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The adhesive tapes market consists of sales of water-based adhesives and heat activated adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $103.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to increasing demands for repair and maintenance, expanded use in automotive manufacturing, infrastructure rehabilitation, the impact of rapid urbanization, and the trend towards electrification in vehicles. Key trends expected in the forecast period encompass advancements in tape technology, the evolution of flexible packaging, a focus on customization and personalization, automotive lightweighting strategies, and the adoption of green and sustainable solutions.
The adhesive tapes market is poised for substantial growth in the foreseeable future, driven by the expanding automotive industry and surging demand for adhesive tapes worldwide, particularly from the automotive sector. Adhesive tapes, known for their lightweight, compact, and smooth attributes, are increasingly favored in car interiors for applications such as bonding electronic products, parking sensor retainers, door cladding, spoilers, and seals. The global passenger car market is projected to experience a notable upswing, rising from $1321.7 billion in 2020 to $1988.7 billion by 2025. As the automotive industry continues to prioritize lightweight solutions, adhesive tapes are progressively replacing traditional metal fasteners in automobiles. Consequently, the escalating production of vehicles is anticipated to drive a substantial increase in the demand for adhesive tapes, resulting in a boost to overall sales.
The expansion of the adhesive tape market is anticipated to be fueled by the burgeoning packaging industry. The packaging sector, encompassing activities related to the design, production, and distribution of materials for containing, protecting, and presenting goods, plays a pivotal role in storage, transportation, sale, and utilization. Adhesive tapes are widely employed in the packaging industry for tasks such as sealing, securing, and bundling packages, owing to their robust adhesion and versatile characteristics. As an illustration, in August 2023, the Department of Climate Change, Energy, the Environment, and Water, a UK government department, reported that 6.74 million metric tons of packaging were introduced to the market in Australia during 2020–21. This substantial volume underscores the pivotal role of adhesive tapes in the packaging industry, driving the overall growth of the adhesive tape market.
The introduction of eco-friendly tapes emerges as a significant trend in the adhesive tapes market. Various countries globally have implemented bans on the use of toxic materials in the production of adhesive products. This shift is attributed to the rising demand for recyclable tapes, influenced by both governmental policies and a shift in end-user preferences towards environmentally sustainable products. Many companies are transitioning from conventional materials such as plastic to biodegradable alternatives such as paper and cellulose for tape manufacturing. An illustrative example is the January 2021 launch of the ECO+ tape by Italy-based IRPLAST. This tape is composed of 34% post-industrial recycled IRPLAST BOPP film, with the cores made from recycled cardboard. Notably, the ECO+ tape achieves a reduction in emissions without compromising adhesion quality, exemplifying the industry's commitment to eco-friendly solutions.
Prominent companies within the adhesive tapes market are strategically focusing on the development of advanced adhesive solutions, with a particular emphasis on products such as reinforcing tape, aimed at delivering reliable services to their customers. A reinforcing tape is characterized by a fabric with one side coated in a sticky, waterproof adhesive that ensures immediate adherence to the substrate upon application. An exemplary case is seen with tesa tape Asia Pacific Pte Ltd., a Germany-based manufacturer known for its innovative adhesive tapes and self-adhesive product solutions. In November 2023, the company introduced the Tesa 51345, a paper-based reinforcing tape designed to reinforce packaging or cartons in critical areas such as side holes, flaps, or carrying handles. Notably, this tape can be seamlessly applied during the corrugated cardboard manufacturing process or in the subsequent processing of cartons and packaging using standard applicator systems. This strategic focus on advanced adhesive tape solutions underscores the commitment of major companies to providing enhanced and reliable offerings to meet the evolving needs of their customer base.
In March 2021, ATP Adhesive Systems Group, a Switzerland-based company specializing in the development and manufacturing of tailor-made adhesive products, disclosed the acquisition of BDK Industrial Products Ltd. for an undisclosed sum. This strategic move is anticipated to enhance the market positions of both entities, enabling them to offer an expanded range of customized products, including medical adhesive tapes and tailored adhesive solutions, to their clientele. BDK Industrial Products Ltd., based in the UK, is a specialized adhesive tape converter recognized for its role as a solution provider catering to healthcare and other industries.
Major companies operating in the adhesive tapes market report are Compagnie de Saint-Gobain S.A., 3M Company, Henkel AG, Berry Global Inc., DuPont de Nemours Inc., OJI Holdings Corporation, Sekisui Chemical Co. Ltd., Sika AG, Avery Dennison Corporation, Nitto Denko Corporation, RPM International Inc., H.B. Fuller Company, Schweitzer-Mauduit International Inc., Tesa SE, Lohmann GmbH & Co., Intertape Polymer Group Inc., American Biltrite Inc., INDUSTRIAS TUK S.A. DE C.V., Dewal Industries Inc., CMS Group of Companies, Nichiban Co. Ltd., JDC Solutions Inc., Lintec Corporation, Scapa Group PLC, Shurtape Technologies LLC, Advance Tapes International Ltd., Canadian Technical Tape Ltd., ORAFOL Europe GmbH, Pioneer Tapes, Bemis Company Inc., 3F GmbH, Symbio Inc.
Asia-Pacific was the largest region in the adhesive tapes market in 2023. The Asia-Pacific region is predicted to record fastest growth in the adhesive tapes market during the forecast period. The regions covered in the adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary resin types employed in the production of adhesive tapes include acrylic, rubber, silicone, among others. These tapes utilize diverse materials such as polypropylene (PP), paper, polyvinyl chloride (PVC), and others. Production technologies encompass solvent-based, hot-melt based, and water-based methods. Adhesive tapes find extensive application across various sectors including packaging, consumer and office use, healthcare, automotive, electrical and electronics, building and construction, and other industries.
The adhesive tapes market research report is one of a series of new reports that provides adhesive tapes market statistics, including adhesive tapes industry global market size, regional shares, competitors with a adhesive tapes market share, detailed adhesive tapes market segments, market trends and opportunities, and any further data you may need to thrive in the adhesive tapes industry. This adhesive tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The adhesive tapes market consists of sales of water-based adhesives and heat activated adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Adhesive Tapes Market Characteristics3. Adhesive Tapes Market Trends and Strategies32. Global Adhesive Tapes Market Competitive Benchmarking33. Global Adhesive Tapes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Adhesive Tapes Market
4. Adhesive Tapes Market - Macro Economic Scenario
5. Global Adhesive Tapes Market Size and Growth
6. Adhesive Tapes Market Segmentation
7. Adhesive Tapes Market Regional and Country Analysis
8. Asia-Pacific Adhesive Tapes Market
9. China Adhesive Tapes Market
10. India Adhesive Tapes Market
11. Japan Adhesive Tapes Market
12. Australia Adhesive Tapes Market
13. Indonesia Adhesive Tapes Market
14. South Korea Adhesive Tapes Market
15. Western Europe Adhesive Tapes Market
16. UK Adhesive Tapes Market
17. Germany Adhesive Tapes Market
18. France Adhesive Tapes Market
19. Italy Adhesive Tapes Market
20. Spain Adhesive Tapes Market
21. Eastern Europe Adhesive Tapes Market
22. Russia Adhesive Tapes Market
23. North America Adhesive Tapes Market
24. USA Adhesive Tapes Market
25. Canada Adhesive Tapes Market
26. South America Adhesive Tapes Market
27. Brazil Adhesive Tapes Market
28. Middle East Adhesive Tapes Market
29. Africa Adhesive Tapes Market
30. Adhesive Tapes Market Competitive Landscape and Company Profiles
31. Adhesive Tapes Market Other Major and Innovative Companies
35. Adhesive Tapes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Adhesive Tapes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on adhesive tapes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for adhesive tapes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Resin Type: Acrylic; Rubber; Silicone; Other Resin Types
2) By Material Type: Polypropylene (PP); Paper; Polyvinyl Chloride (PVC); Other Material Types
3) By Technology Type: Solvent-based; Hot-Melt Based; Water-based
4) By End Use: Packaging; Consumer and Office; Healthcare; Automotive; Electrical and Electronics; Building and Construction; Other End Uses
Key Companies Mentioned: Compagnie de Saint-Gobain S.A.; 3M Company; Henkel AG; Berry Global Inc.; DuPont de Nemours Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Compagnie de Saint-Gobain S.A.
- 3M Company
- Henkel AG
- Berry Global Inc.
- DuPont de Nemours Inc.
- OJI Holdings Corporation
- Sekisui Chemical Co. Ltd.
- Sika AG
- Avery Dennison Corporation
- Nitto Denko Corporation
- RPM International Inc.
- H.B. Fuller Company
- Schweitzer-Mauduit International Inc.
- Tesa SE
- Lohmann GmbH & Co.
- Intertape Polymer Group Inc.
- American Biltrite Inc.
- INDUSTRIAS TUK S.A. DE C.V.
- Dewal Industries Inc.
- CMS Group of Companies
- Nichiban Co. Ltd.
- JDC Solutions Inc.
- Lintec Corporation
- Scapa Group plc
- Shurtape Technologies LLC
- Advance Tapes International Ltd.
- Canadian Technical Tape Ltd.
- ORAFOL Europe GmbH
- Pioneer Tapes
- Bemis Company Inc.
- 3F GmbH
- Symbio Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 76.29 Billion |
Forecasted Market Value ( USD | $ 103.34 Billion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
No. of Companies Mentioned | 32 |