Pressure Sensitive Tapes Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Pressure Sensitive Tape Market: Trends and Opportunities

Increasing awareness about the utilization of environment friendly packaging in order to abide by governmental regulations are the major factors contributing to the growth of pressure sensitive tape market.

In 2015, the packaging industry led the application segment of pressure sensitive tape market and is expected to retain its dominant position over the forecast period. Building and construction is the second-largest application segment of the pressure sensitive tape market. The automotive industry is expected to emerge as a significant application segment of the pressure sensitive tape market in the coming years.

In terms of backing material, the pressure sensitive tape market is divided into paper, PVC, polypropylene, and others. On the basis of product, the segments of the market are single-sided tape, transfer tape, double-sided tape, carton sealing tape, and others (includes masking tape, electrical tape etc.) Amongst these, carton sealing is the leading product segment and is expected to display growth over the forecast period.

Global Pressure Sensitive Tape Market: Regional Outlook

In terms of geography, Asia Pacific is the leading regional market for pressure sensitive tapes and it is expected to retain its dominant position until the end of the forecast period in 2024. In this region, increasing building and construction undertakings predominantly in China, India, and Malaysia and growth of the automotive industry are the major factors propelling the demand for pressure sensitive tapes.

The region is trailed by the Middle East and Africa, which is expected to emerge as a significant market for pressure sensitive tapes. Robust growth of the tourism and hospitality industries in the region leading to new construction undertakings has fuelled the demand for pressure sensitive tapes.

North America and Europe are expected to display a moderate demand for pressure sensitive tapes. In U.S., the expansion of the food and beverage sector is indirectly benefitting the pressure sensitive tapes market for corrugated packaging.

Global Pressure Sensitive Tape Market: Competitive Landscape

The global pressure sensitive tape market features a highly fragmented competitive landscape with the presence of a large number of global and regional players. Some of the key players in the global pressure sensitive market are Nitto Denko Corporation, Lintec, Avery Dennison Corporation, Henkel AG & Company KGaA, 3M, Adchem Corporation, and Canadian Technical Tape Limited among others.

The global pressure sensitive tape market is segmented as follows:

Global Pressure Sensitive Tape Market, by Geography

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Middle East and Africa
This report gives you access to decisive data such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years
Key highlights

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
A clear understanding of the competitive landscape and key product segments

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