Market Size of Adhesive Tapes Industry
| 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
*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.
