Adhesive Tapes Market Size, Share, Growth, Trends, and Forecast 2030

Industry Perspective:

The global adhesive tapes market size was evaluated at $50.1 Billion in 2022 and is slated to hit $80.1 Billion by the end of 2030 with a CAGR of nearly 5.5% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The adhesive tapes market report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Adhesive Tapes Market: Overview

Adhesive tapes are a blend of base materials and adhesive films used for bonding two objects together. Moreover, the base materials and adhesives are chosen as per their application requisites. Reportedly, these adhesive tapes ease the item packaging as they have the ability to hold the layers of packaged items and enable their transportation. Reportedly, adhesive tapes facilitate operations even at lower temperatures, thereby easing a large number of industrial processes. They also enable surface protection from various kinds of damage as well as from paints & coatings by creating an interface between two layers. The adhesive tapes are available in double or single-sided forms.

Key Insights

• As per the analysis shared by our research analyst, the global adhesive tapes market is projected to expand annually at the annual growth rate of around 5.5% over the forecast timespan (2023-2030)
• In terms of revenue, the global adhesive tapes market was evaluated at nearly $50.1 billion in 2022 and is expected to reach $80.1 billion by 2030.
• The global adhesive tapes market is anticipated to record massive growth over the forecast period owing to the need for providing protection and safety to the packaged goods along with prevention of the wear & tear of the packaged goods.
• Based on resin type, the acrylic segment is predicted to dominate the global market share during the forecast timeline.
• In terms of technology, the hot-melt-based segment is slated to record the fastest CAGR over 2023-2030.
• On basis of the end-use industry, the packaging segment is projected to dominate the global market share during the assessment period.
• Region-wise, the Asia-Pacific adhesive tapes market is projected to register the fastest CAGR during the assessment period.

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Adhesive Tapes Market: Growth Factors

Massive product penetration in various sectors to boost the global market trends

The thriving e-commerce sector in emerging economies has translated into humongous demand for packaged goods. Moreover, the need for providing protection and safety to the packaged goods along with prevention of the wear & tear of the packaged goods has led to the massive use of adhesive tapes. An increase in penetration of adhesive tapes in automotive, electronics & electrical, and healthcare sectors will boost the global market trends. Apart from this, the use of the product in masking, paper & printing, packaging, office work, construction, retail, and packaging will chart a profitable roadmap for the global adhesive tapes market across the globe.

Furthermore, the rise in the use of adhesive tapes in HVAC, insulation, glazing, and abatement in APAC, the Middle East, and South America will proliferate the size of the adhesive tapes market across the globe. Humungous use of the product in hydrophilic films, in vitro diagnostics, oral dissolvable films, and transdermal drug delivery patches will expand the scope of the growth of the market globally.

Adhesive Tapes Market: Hindrances

Stringent legislation pertaining to carbon emissions to halt the global industry surge

Implementation of strict laws on volatile organic compound emissions can deter the growth of the global adhesive tapes industry across the globe. Fluctuating raw material costs can create hurdles in the growth path of the industry across the globe.

Adhesive Tapes Market: Opportunities

Availability of substitutes for traditional fastening tools to open new growth avenues for the global market

Replacement of conventional fastening systems with adhesive tapes owing to the need for reducing chances of joining dissimilar surfaces can open new growth opportunities for the adhesive tapes market globally.

Adhesive Tapes Market: Challenges

Enforcement of regulations regulating chemical usage in Europe and North America poses a huge challenge to the global industry growth 

Strict laws pertaining to the use of chemicals implemented by the EU and regulatory authorities in North America will prove to be the major challenge in the path of growth of the adhesive tapes industry globally. Furthermore, laws implemented by EPA, COSHIH, and REACH make it mandatory for chemical & material producers to make use of water-based technologies. This has proved to be a major challenge for adhesive tape manufacturers as the solvent-based technologies used for manufacturing adhesive tapes provide durability to them and can withstand extreme climatic conditions.

Adhesive Tapes Market: Segmentation

The global adhesive tapes market is sectored into the resin type, backing material, technology, category, end-use industry, and region.  

In terms of resin type, the global adhesive tapes market is divided into rubber, acrylic, and silicone segments. Furthermore, the acrylic segment, which contributed a major share of the global market in 2022, is projected to lead the global market share over the assessment timespan. The segmental surge during the assessment timeline can be owing to the massive demand for acrylic due to its low costs and beneficial physical & chemical properties. Apart from this, they find massive applications in the healthcare, packaging, and transport industries.

The backing material segment of the adhesive tapes market is sub-segmented into paper, polypropylene, and polyvinyl chloride segments.

Based on the technology, the global adhesive tapes industry is bifurcated into solvent-based, water-based, and hot-melt-based segments. Furthermore, the hot-melt-based packaging segment, which contributed more than 30% of the global industry share in 2022, is slated to register the fastest CAGR during the projected timeframe. Additionally, the growth of the segment over 2023-2030 can be due to its high solid adhesives-based thermoplastic polymer contents. Apart from this, fast setting speed, reduced costs, and less environmental impact have enhanced the demand for the hot-melt-based segment.  

On basis of category, the adhesive tapes industry across the globe is divided into specialty adhesive tapes and commodity adhesive tapes segments.

On basis of the end-use industry, the global adhesive tapes market is divided into packaging, masking, consumer & office, paper & printing, healthcare, electronics & electrical, automotive, white goods, retail, and building & reconstruction segments. The packaging segment, which accounted for more than 50% of the global industry share in 2022, is predicted to account majorly for the global industry size even in the next eight years. The growth of the segment during the forecasting timespan can be due to the growing demand for flexible packaging in various sectors as a result of its beneficial features.  

Recent Breakthroughs

• In the second half of 2022, Lintec Corporation, a firm manufacturing adhesive paper & products, produced a slew of adhesive tapes for the semiconductor manufacturing process. The move will boost the demand for the product in various kinds of packaging solutions in the spectrum of sectors.
• In the first quarter of 2022, Intertape Polymer Group Inc., a packaging products & systems firm, is projected to be acquired by Clearlake Capital Group L.P. in an all-cash deal worth $2.6 billion. The initiative is likely to boost the growth of the adhesive tapes business across the globe.
• In the third quarter of 2022, Lohmann, a key producer of adhesive tape tools & adhesives, introduced an adhesive tape with a unique high-sleeve grip for flexographic printing. The new adhesive tape referred to as DuploFLEX 5 GRIP will provide the printing sector with a process-safe and lasting adhesive solution.

Adhesive Tapes Market: Report Scope

Adhesive Tapes Market: Regional Insights 

Asia-Pacific adhesive tapes market to register the fastest CAGR over 2023-2030

The Asia-Pacific, which accounted for 80% of the global adhesive tapes market share in 2022, is anticipated to record the fastest CAGR of 7.5% during the forecast timeline. The regional market expansion can be credited to the thriving automotive manufacturing sector in the countries such as Malaysia, Indonesia, India, China, Japan, and Thailand. The thriving healthcare sector in China will contribute majorly towards the growth of the adhesive tapes market in the Asia-Pacific zone. An increase in the manufacture of electronic items such as televisions, smartphones, portable computing equipment, and cables will proliferate the regional market size.  

On the other hand, the adhesive tapes industry in North America and Europe is predicted to witness a notable surge subject to the humongous presence of small-sized firms and regional manufacturing units in the countries such as the U.S., the UK, Germany, Canada, and France. The rise in the infrastructural development in the Middle East and African countries will prompt the growth of the industry in the Middle East & African region.

Adhesive Tapes Market: Competitive Space

The adhesive tapes market profiles key players such as:

• Intertape Polymer Group
• The 3M Company
• Nitto Denko Corporation
• Lohmann GmbH
• Scapa Group PLC
• Rogers Corporation
• tesa SE
• Avery Dennison Corporation
• Berry Global Inc.
• LINTEC Corporation
• Surface Shields
• NICHIBAN CO. LTD
• Advance Tapes International
• CMS Group of Companies.

The global adhesive tapes market is segmented as follows:

By Resin Type

• Acrylic
• Rubber
• Silicone

By Technology

• Solvent-Based
• Water-Based
• Hot-Melt-Based

By Backing Material

• Paper
• Polypropylene
• Polyvinyl Chloride

By End-Use Industry

• Packaging
• Masking
• Consumer & Office
• Healthcare
• Electronics & Electrical
• Automotive
• Paper & Printing
• White Goods
• Retail
• Building & Reconstruction

By Category

• Specialty Adhesive Tapes
• Commodity Adhesive Tapes

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa