The adhesive tape industry is a large and growing market, the global adhesive tapes market is expected to reach a value of USD 110.6 billion by 2028, growing at a CAGR of 5.8% from 2022 to 2028.
Adhesive tapes are used in a wide variety of applications and industries, including packaging, construction, electrical, automotive, and healthcare. The industry is expected to continue to grow in the coming years, driven by several factors, including:
• The growth of e-commerce: The packaging industry is the largest end-use market for adhesive tapes, accounting for a share of over 30% in 2023. E-commerce is driving the demand for adhesive tapes, as they are used to package and seal products for shipping.
• The growth of the construction industry: The construction industry is also a major user of adhesive tapes, as they are used to seal joints and seams in buildings and other structures. To know more about how adhesive tapes are used in the construction industry, click here.
• The growth of the automotive industry: The automotive industry is a major user of adhesive tapes, accounting for 20% of the market share in 2023, as they are used to bond together various parts of vehicles. To know more about how adhesive tapes are used in the automotive industry, click here.
• The growth of the healthcare industry: The healthcare industry is a major user of adhesive tapes especially in recent times, as they are used to secure bandages, catheters, and other medical devices.
In addition to these factors, the adhesive tape industry is also being driven by several technological innovations, such as adhesives are being developed that are stronger, more durable, and more environmentally friendly. These new adhesives are opening new markets for adhesive tapes and are helping to drive the growth of the industry.
What are some of the key trends that are shaping the adhesive tape industry?
• The growth of specialty tapes: Specialty tapes are tapes that are designed for specific applications. For example, there are tapes that are designed for use in high-temperature environments, tapes that are designed for use in wet environments, and tapes that are designed for use in harsh environments. The growth of specialty tapes is being driven by the increasing demand for tapes that can meet the specific needs of different applications. Companies such as Adhesive Specialities have a separate R&D facility, with a team of trained experts, that is constantly evolving and experimenting with innovative ideas to constantly improve reliability and quality.
• The growth of sustainable tapes: Sustainable tapes are tapes that are made from environmentally friendly materials. The growth of sustainable tapes is being driven by the increasing demand for tapes that are made from recycled materials and that do not contain harmful chemicals.
• The growth of digital printing: Digital printing is a process that allows for the printing of custom designs on adhesive tapes. The growth of digital printing is being driven by the increasing demand for tapes that can be customized to meet the specific needs of different customers.
