Adhesive Tapes Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Industrial Tape Market Analysis & Manufacturers. The Market is Segmented by Resin (Acrylic, Epoxy, Rubber-Based, Silicone, and Polyurethane), Technology (Water-Based, Solvent-Based, Hot-Melt, and Reactive), End-User Industry (Automotive, Healthcare, Packaging, Electrical and Electronics, Consumer/DIY, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecasts for Adhesive Tapes Market in Volume (million Square Meters) for all the Above Segments.

Adhesive Tapes Market Size

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Adhesive Tapes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Adhesive Tapes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Adhesive Tapes Market Analysis

The Adhesive Tapes Market is expected to register a CAGR of greater than 4% during the forecast period.

Global Adhesives Tapes Market is estimated to reach 52,037.75 million square meters by the end of this year and is expected to grow with a CAGR of over 4% during the forecast period.

The COVID pandemic impacted value chains in the adhesive tapes market. The disruptions in the supply chain and low demand from end-user industries affected the market negatively. However, the market demand recovered in 2021 and will likely grow significantly in the coming years.

  • Over the short term, rapidly growing demand from the packaging industry and continuous usage of adhesive tapes in electric and hybrid vehicles are significant factors driving the growth of the market studied.
  • However, volatility in the prices of raw materials is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the development of the medical sector in emerging economies is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific is estimated to witness healthy growth over the assessment period in the adhesives tapes market due to the most significant consumption from countries such as China and India.

Adhesive Tapes Market Trends

Packaging Segment to Dominate the Market

  • Adhesive tapes, also known as packaging tapes, are used for sealing, enclosing, and wrapping or bundling. These packaging tapes are commonly applied to seams and joints of various storage receptacles to maintain a tolerance that keeps cargo within the restraint of the receptacle. Moreover, they are used for sealing box seams in parcel delivery, sealing caps of bottles, tamper-proofing pills, and food containers, bundling similarly shaped items into one larger and enclosing items in a protective film or liner.
  • Adhesive tapes play an important role in packaging perishables. Overall, the growing packaging industry is expected to drive the demand for adhesive tapes through the forecast period.
  • According to a report published by PMMI, 'The Association for Packaging and Processing Technologies', growth in the global packaging industry will reach USD 42.2 billion by 2021. The food, beverage, and healthcare industries witnessed increasing demand as consumers continued to rely on the items they manufactured during quarantine.
  • Similarly, the packaging industry in India is also increasing at a rapid rate. It is the fifth-largest sector in India's economy and is currently one of the fastest and highest-growing sectors in the country. Amid the e-commerce surge, the Indian packaging industry is witnessing steep growth and is one of the strongest growing segments. According to the Indian Institute of Packaging (IIP), packaging consumption in India increased 200% in the past decade, from 4.3 kgs per person per annum (pppa) to 8.6 kgs pppa.
  • Moreover, among the different types of packaging, the flexible packaging market is growing at a faster pace, owing to the benefits of flexible packaging and higher end-user preference over other packaging types. Among the developed regions, North America has the largest flexible packaging industry. Moreover, the region has the highest per capita consumption of flexible packaging (USD 71.58) across the world. Europe also has a high per capita consumption of flexible packaging (USD 20.73) however, much lower than the North American region.
  • According to the European Bioplastics, the global production capacity of bioplastics for flexible and rigid packaging accounted for 665 kilotons and 492 kilotons, respectively, in 2021, compared to 555 kilotons and 443 kilotons, respectively, in 2020.
  • Therefore, owing to the abovementioned factors, the demand for adhesive tapes in the packaging end-user industry is likely to boost the growth of the market studied over the forecast period.
Adhesive Tapes Market - Production Capacity of Bioplastics for Packaging, in kilotons, Global, 2019-2021

China to Dominate the Asia-Pacific Region

  • China dominated the adhesive tapes market in the Asia-Pacific region and is anticipated to continue to do so during the forecast period.
  • The automobile industry in China has been witnessing growth trends for the past few years. The OICA recorded the production of automobiles in China to be 26,082,220 units of passenger cars and light vehicles in 2021, which was an increase from 25,225,242 units in 2020, recording a growth of 3%. Moreover, CAAM estimates that the production of automobiles is likely to increase in line with the growing demand from the passenger cars segment.
  • Furthermore, electric vehicles, including scooters, passenger cars, and light commercial vehicles like buses, are gaining popularity in the country. According to the China Passenger Car Association (CPCA), the country sold over 3.3 million units in 2021, accounting for an increase of 169% compared to 2020.
  • China has the second-largest healthcare industry in the world, after the United States. In 2020, healthcare expenditure was approximately CNY 7.2 trillion (~USD 1.04 trillion), which accounted for about 7% of the country's GDP. China's medical and therapeutical market has witnessed strong growth due to the growing number of hospitals and the increasing demand for medical assistance over the past two years.
  • China is the largest base for electronics production in the world. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, recorded the highest growth in the electronics segment.
  • According to the National Bureau of Statistics in China, the revenue in the consumer electronics and household appliances segment reached CNY 934.64 million (~USD 144.84 million) in 2021. The revenue is expected to show an annual growth rate of 2.04%, resulting in a projected market volume of USD 175,670 million by 2025.
  • Owing to the abovementioned factors, the demand for adhesive tapes is expected to increase in China over the forecast period.
Adhesive Tapes Market - Growth Rate by Region, 2022-2027

Adhesive Tapes Industry Overview

The adhesive tapes market is highly fragmented in nature. The key players in the market include 3M, Nitto Denko Corporation, Tesa SE - A Beiersdorf Company, LINTEC Corporation, and Intertape Polymer Group. (not in any particular order)

Adhesive Tapes Market Leaders

  1. 3M

  2. Nitto Denko Corporation

  3. tesa SE - A Beiersdorf Company

  4. LINTEC Corporation

  5. Intertape Polymer Group

*Disclaimer: Major Players sorted in no particular order

Adhesive Tapes Market Concentration
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Adhesive Tapes Market News

  • In June 2022, Clearlake Capital Group, L.P. completed its acquisition of Intertape Polymer Group Inc.
  • In January 2022, tesa S.E. - A Beiersdorf Company laid the foundation for a new plant in the Vietnamese port city of Haiphong. The Beiersdorf Group will invest EUR 55 million (~USD 65.07 million), and 40 million square meters of adhesive tape will be produced at this facility annually. It is expected to be completed in 2023.

Adhesive Tapes Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rapidly Growing Demand from the Packaging Industry

      2. 4.1.2 Continuous Usage of Adhesive Tapes in Electric and Hybrid Vehicles

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Prices of Raw Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Resin

      1. 5.1.1 Acrylic

      2. 5.1.2 Epoxy

      3. 5.1.3 Rubber-based

      4. 5.1.4 Silicone

      5. 5.1.5 Polyurethane

    2. 5.2 Technology

      1. 5.2.1 Water-based

      2. 5.2.2 Solvent-based

      3. 5.2.3 Hot-melt

      4. 5.2.4 Reactive

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Healthcare

      3. 5.3.3 Packaging

      4. 5.3.4 Electrical and Electronics

      5. 5.3.5 Consumer/DIY

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Berry Global Inc.

      3. 6.4.3 DuPont

      4. 6.4.4 HB Fuller Company

      5. 6.4.5 Henkel AG & Co. KGaA

      6. 6.4.6 Intertape Polymer Group

      7. 6.4.7 LINTEC Corporation

      8. 6.4.8 Lohmanh GmbH & Co. KG

      9. 6.4.9 NITTO DENKO CORPORATION

      10. 6.4.10 OJI Holdings Corporation

      11. 6.4.11 ORAFOL Europe GmbH

      12. 6.4.12 SEKISUI CHEMICAL CO., LTD

      13. 6.4.13 Shurtape Technologies, LLC

      14. 6.4.14 Sika AG

      15. 6.4.15 Schweitzer-Mauduit International, Inc.

      16. 6.4.16 tesa SE - A Beiersdorf Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of the Medical Sector in Emerging Economies

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Adhesive Tapes Industry Segmentation

Adhesive tapes are a combination of a base material and an adhesive film that bond and fasten two objects together instead of bolts or welding. The market is segmented based on resins, technology, end-user industry, and geography. The market is segmented by resin: acrylic, epoxy, rubber-based, silicone, and polyurethane. The market is segmented by technology: water-based, solvent-based, hot-melt, and reactive. By end-user industry, the market is segmented into automotive, healthcare, packaging, electrical and electronics, consumer/DIY, and other end-user industries. The report also covers the market size and forecasts for adhesive tapes in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (million square meters).

Resin
Acrylic
Epoxy
Rubber-based
Silicone
Polyurethane
Technology
Water-based
Solvent-based
Hot-melt
Reactive
End-user Industry
Automotive
Healthcare
Packaging
Electrical and Electronics
Consumer/DIY
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Adhesive Tapes Market Research FAQs

The Adhesive Tapes Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

3M, Nitto Denko Corporation, tesa SE - A Beiersdorf Company, LINTEC Corporation and Intertape Polymer Group are the major companies operating in the Adhesive Tapes Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Adhesive Tapes Market.

The report covers the Adhesive Tapes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Adhesive Tapes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The restraints in the Adhesive Tapes Market are a) Volatile prices of key raw materials like resins, films, and adhesives can impact production costs and profitability b) Rapid advancements in alternative fastening solutions and adhesive technologies might pose a threat to traditional adhesive tapes

Adhesive Tapes Industry Report

The adhesive tapes market is projected to experience significant growth due to increasing demand from various end-use industries such as packaging, healthcare, electrical and electronics, and automotive. This growth is largely driven by the expansion of the packaging industry, particularly in less developed economies, due to urbanization and the adoption of a westernized culture and lifestyle, which has increased the demand for packaged goods. The e-commerce sector has further accelerated this global demand. Adhesive tapes are also being recognized as potential substitutes for traditional fastening systems, offering innovative applications for fixing and fastening. They eliminate the challenges of conventional fastening systems, contributing to longer product lifespans, improved product design, reduced noise and vibration, rust and corrosion, manufacturing time, and assembly time. Despite facing challenges such as volatility in raw material prices and the implementation of stringent regulatory policies, the market is expected to continue growing, with the Asia Pacific region predicted to be the fastest-growing market due to its high economic growth. According to Mordor Intelligence™ Industry Reports, the adhesive tapes market share, size, and revenue growth rate statistics indicate a positive trend. The analysis includes a market forecast outlook and a historical overview. A sample of this industry analysis is available as a PDF download.

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Adhesive Tapes Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)