Seam Tapes Market Future Analysis & Trends-2020
Posted by rohan on November 11th, 2020
Seam Tapes Product Description:
The seam tape market is predicted to raise from a value of USD 204.9 million in the year 2020 to USD 282.9 million by the end of year 2025, with a current CAGR of 6.9% from 2020. Seam tapes are employed mainly in waterproof clothing, footwear, sporting goods, etc. Widely employed in multi-layer adhesive films, which are applied to the sewn seams to prevent water leakage. Seam tapes have a variety of applications and are frequently employed in the manufacture of tents, footwear and military clothing. The worldwide market for seam tapes is likely to be driven by escalating call for sports and outdoor clothing and the escalating manufacture of sports equipment. There is also an increase in the call for the production of protective clothing in accordance with the specific requirements of the military. However, volatility of commodity prices may limit the expansion of the Seam Tapes market worldwide during the foreseen period. Alternatively, the growing call for products from emerging economies and the growing preference for branded clothing are predicted to further drive the development of the worldwide seam tape market in the coming years.
Impact of Covid 19 on the Seam Tapes Market:
The COVID-19 pandemic has had a measurable impact on the worldwide economy and, in turn, on the market for BOPP packaging tapes. Quarantines, travel restrictions, and large-scale social distancing measures cause business and consumer spending to drop sharply through the end of the second quarter.
Market drivers and restraints:
The expansion of the sports industry, especially in emerging economies such as India, China, Brazil and Argentina, is the main driving force of the seam tape market. The increased call for these bands in the garment industry is also driving the market. Furthermore, the escalating call for protective clothing and accessories, such as surgical / medical and chemical protective clothing, is escalating the market for seam tapes. Nevertheless, changes in raw material costs is probable to hamper the seam tape industry throughout the foreseen period. Moreover, the availability of an underdeveloped sports industry in so many economies like the regions of Bangladesh, Pakistan, Africa and some Latin American nations is hindering the industry for seam tapes. However, rising living standards in several Asian-Pacific gas economies have resulted in an increased preference for designer clothing and sporting goods. The main textile manufacturers and research institutes aim to improve the properties of the support materials employed in the production of sewing bands. Major manufacturers are also focusing on improving durability through the use of UV-cured and water-based inks in the production of printed seam tapes. The many advantages of multilayer seam tapes, in terms of superior waterproofing, excellent adhesion and a wide range of applications, have contributed to the strong expansion of the multilayer segment in the seam tape market. Its multiple applications include clothing, tents, tarps, shoes and backpacks, among others. The single-layer segment is predicted to see less expansion during the foreseen period, due to limited applications of single-layer seam tapes.
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Report segmented as:
By backing material:
The Asia-Pacific region is estimated to have the maximum share, by revenue and volume, of the worldwide Seam Tape market during the projected period. There are several sporting goods manufacturers based in China and India and the growing call for sporting goods and protective clothing in the region is predicted to drive the expansion of the Asia Pacific seam tape market into the future. The Asia-Pacific region is predicted to be a lucrative region in the worldwide seam tape market during the foreseen period due to the presence of a favorable environment for garment manufacturing in nations like China, India, Vietnam, Indonesia and Bangladesh in the region. Increased health awareness and increased physical activity among consumers in countries such as India, Taiwan, Indonesia and Malaysia are also driving the Asia Pacific market for seam tapes.
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About the Authorrohan
Joined: September 20th, 2017
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