Global Self Adhesive Tape Market Expected to Reach US$ 78,802 Million by 2027

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Self Adhesive Tape Market by Construction Type, Materials, Adhesive Used, Application, Thickness (Micrometres) and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 53,064 Million in 2019 and is expected to grow at a growth rate of 5.6 % by the year 2027. The Global Self Adhesive Tape Market is anticipated to grow owing to improved capability of cardboard packaging solutions, high demand for personalized packaging creating, surge in use of self-adhesive tapes in the automotive industry, and government initiatives. This is expected to drive the growth of the global self adhesive tape market.

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The Global Self Adhesive Tape Market is fragmented based on construction type, materials, adhesive used, application, thickness (micrometres), and region. Based on construction type, the global self-adhesive tapes market is segregated into single coated, transfer tape/unsupported, double coated, and self wound. In terms of materials, the global self-adhesive tapes market is segregated into Polypropylene (PP), paper, PVC, and others. Based on adhesives used, the global self-adhesive tapes market is segmented into water-based adhesives, hot-melt adhesives, and others. Based on applications, the global self-adhesive tapes market is classified as packaging, building & construction, electrical & electronics, automotive, medical, and others. On the basis of thickness, the global self-adhesive tapes market is fragmented into less than 49 micrometers, 50-99 micrometers, more than 100 micrometers. Based on region, the Global Self Adhesive Tape Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, and Rest of Asia Pacific. The Europe region is further categorized into Germany, France, Italy, U.K., Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of MEA.

In year 2020, the self adhesive tape market is witnessing downtrend owing to the negative impact of COVID 19 pandemic. The shutdown of production activities, slowdown in the production of self adhesive tape and its raw materials have given rise to supply chain disruption. Many countries have closed their national borders and have enforced lockdowns. which in turn, is hindering the market growth. Whereas, restriction, stringent rules and stoppage of international and domestic flights are some of the prime reasons responsible for this market decline. However, the market is expected to grow at a slow pace in future. The market growth pattern is hampered by fluctuations in demand and supply of self adhesive tape.

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As per GMR industry analyst Partha Paul, “The Global Self Adhesive Tape Market is anticipated to witness significant growth during forecast period 2020-2027 the market growth is driven by rising Growing use of self adhesive tapes in diverse end-use industries. Moreover, rising middle-class population to be the key consumer group for the increase in demand of self adhesive tapes, and growing adoption of packaging industry in emerging economies. Key players in the market are actively focusing on R&D activities to develop advanced adhesives”.

Key Takeaways from the Study:

• The players include 3M, ACHEM, Atech Solutions Pty Ltd., AVERY DENNISON CORPORATION, Berry Global Inc., Henkel, Intertape Polymer Group, LINTEC Corporation, LUXKING, NITTO DENKO CORPORATION, and others, 3M is one of the leading player in the market offering wide rang eof PSA tape.
• Asia pacific accounts for a major share of the market, followed by North America. The market in India is predicted to expand at significant CAGR during the forecast period. The increasing manufacturing units in the region is expected to increase the production of the self adhesive tape.
• The Single Coated segment accounts for a major share of the market and is estimated to expand at a significant CAGR during the forecast period.
• Polypropylene (PP) segment is leading segment of the market, owing to increasing use of Polypropylene (PP) self adhesive tape.

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Report Scope:

Target Audience:

• Supply-side: Manufacturers, raw material suppliers, and distributors, retailers
• Demand Side: Automotive industry, construction industry, electronic industry, healthcare industry and packagining industry.
• Regulatory Side: Concerned government authorities, and other regulatory bodies
• Associations and Industry Bodies: Code of Federal Regulations (CFR), International Organization for Standardization (ISO), AFERA (Association of European self Adhesive tapes Manufacturers), PSTC (Pressure Sensitive Tape Council).

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