Exploring the Adhesive Tapes Market and its Versatile Applications in Packaging, Construction, and Automotive Industries

Posted by Pramod Arya on May 25th, 2023

This growth can be credited to the large-scale consumption of such materials for several packaging applications in industries, including e-commerce, electrical and electronics, healthcare, growing research and development expenditure by industry players, technological enhancements, and increase in advanced product launches.

In 2022, the category of commodity held the major market share, and it will continue to do so in the future. This can be ascribed to the large-scale consumption of service tapes for several packaging applications in the market, including electrical and electronics, e-commerce and food and beverage.

The surge in the acceptance of water-based adhesive tapes is experienced in several end-use verticals, and also infrastructures. The majority of the development in the market is projected to come from India, Malaysia, and China because of the growing expenditure on railways, for the growth of fast transit systems and railway tracks, and in water distribution and sewerage projects, for the connection of larger pipes and stormwater drainage structures.

The fast economic growth in developing countries, including India, Indonesia, and China, in past few decades, has caused a surge in per-capita income. Furthermore, with the increasing purchasing power, the standard of living is also growing, and because of the changing lifestyle, the need for packaging solutions in these countries is also rising.

This, indeed, has amplified the utilization of adhesive tapes, including packaging tapes and carton-sealing tapes, for the strapping, packaging, and bundling of items and heavy-duty cartons.

The hot melt-based category is all set to grow at the fastest pace in the coming few years, with a CAGR of 6.2%, and it is projected to continue with the dominant in the future as well. This growth can be credited to its heavy utilization in a variety of engineering processes, including woodworking, product assembling, bookbinding, and box or carton heat sealing.

In 2022, the APAC region generated the largest revenue share, 46%, and is projected to advance at a significant CAGR. This growth can be ascribed to the increasing demand from the automotive industry credited to the rising number of cars used for the transport of goods along with private-owned cars, easy obtainability of raw materials, rising electrical and electronics sector where these tapes are widely utilized.

Hence, the large-scale consumption of such materials for several packaging applications in industries, including e-commerce, electrical and electronics, the healthcare industry, and growing research and development expenditure by industry players, such factors will drive the adhesive tapes industry in the future as well.

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Pramod Arya

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Pramod Arya
Joined: February 21st, 2019
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