Adhesive Tapes Market Size and Share Analysis Report by Type (Commodity, Specialty), Technology (Water-based, Solvent-based, Hot-melt-based), End Use (Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction), Resin (Acrylic, Rubber, Silicone), Backing Material (Papers, PVC, PP) – Global Industry Demand Forecast to 2030

Market Overview

The global adhesive tapes market size was valued at USD 66,634 million in 2022, and it is expected to hit USD 103,040 million by 2030, advancing at a CAGR of 5.60% during the forecast period. This can be attributed to the large-scale consumption of these materials for various packaging applications in industries, such as electrical and electronics and e-commerce, rising healthcare industry, increasing R&D spending by industry giants, technological advancements, and the rise in innovative product launches.

Commodity Category Contributes Major Share

The commodity category accounted for the major revenue share in 2022, and it is further expected to maintain its dominance during the projection period. This can be attributed to the large-scale consumption of commodity tapes for various packaging applications in industries, such as food and beverage, electrical and electronics, and e-commerce.

On the other, the specialty category is predicted grow substantial rate during the forecast period. This is owing to the large-scale utilization of these products in rapidly growing industries, such as automotive, healthcare, electrical and electronics, and construction and building, across different regions.

Growing Packaging Industry Boosts Demand

Over the past few decades, the rapid economic development in emerging economies, such as China, India, and Indonesia, has resulted in an increase in per capita income. Moreover, with the rising income levels, standard of living is also increasing, and due to the changing lifestyle, demand for packaging solutions in these countries is also growing. This, in turn, has increased the use of adhesive tapes, such as packaging tapes and carton-sealing tapes, for the bundling, strapping, and packaging of products and heavy-duty cartons. According to the Flexible Packaging Association, total packaging grows by 11% during 2017–2021.

Hot Melt-Based Adhesive Tapes Witnessed Fastest Growth

The hot melt-based category will accounted for the fastest growth during the forecasted period with a CAGR of 6.2% and it will maintain its position during the coming years. This can be ascribed to its high usage in a variety of manufacturing processes, such as bookbinding, woodworking, construction, product assembling, and box or carton heat sealing.

Additionally, the water-based category will register the fastest growth during the forecast period. This is due to the increasing demand for environment-friendly water-based adhesive products, coupled with growing regulatory support.

Increase in Usage of Water-Based Adhesives Is Key Trend

The increase in the adoption of water-based adhesive tapes is being witnessed in many end-use verticals, including infrastructure. The majority of the growth in the industry is expected to come from China, India, and Malaysia due to the increasing investments in railways, for the development of rapid transit systems and railway tracks, and in water distribution and sewerage projects, for the installation of larger pipes and stormwater drainage systems.

Thus, the rapid growth in the infrastructure sector is resulting in the surging demand for water-based variants for bonding building materials, meeting air sealing requirements, flashing doors and windows, and roofing purposes. Moreover, water-based adhesive tapes are also gradually edging out solvent-based adhesives, as water-based adhesives help reduce volatile organic compound (VOC) emissions and improve air quality.

On the other hand, solvent-based adhesives are highly flammable and form ground-level ozone as a result of VOC emissions. Since water-based adhesives are made of natural polymers or vegetable sources, they are eco-friendly in nature and, therefore, find wide application across several industries. Thus, the growing shift toward eco-friendly adhesive tapes is a major trend witnessed in the market.

Healthcare To Show Fastest Growth

The healthcare category will witness the fastest growth during the forecast period, advancing at a CAGR of 6.1%. This is due to the rising R&D spending in the sector, increasing health consciousness among people, escalating count of hospitals and ASCs, growing demand for in vitro diagnostics, and surge in the launch of medical equipment and related products, such as hydrophilic films, oral dissolvable films, and transdermal drug delivery patches.

Whereas the packaging category held the largest revenue share in 2022, and it is predicted to maintain its position in the coming years. This can be attributed to the fact that almost every industry makes use of tape for packaging products. Moreover, the increasing trend of online shopping in emerging economies is boosting the demand for retail e-commerce packaging, which in turn, requires these products for packaging purposes.

Furthermore, the automotive category contributes significant revenue to the market in 2022. This can be ascribed to the quick replacement of nut and bolt fasteners to lighten and improve the appearance of the vehicle, growing automobile industry especially in emerging countries, rising trend of EVs across the globe, and growing technological advancements.

Moreover, the building and construction category will witness substantial growth in the coming years. This is owing to the surging government expenditure on large-scale infrastructure projects, including airports, rail stations, and highways, and the mounting number of public-private infrastructure development collaborations.

Acrylic Resin Category To Hold Largest Share

Acrylic resin accounted for the highest sales in 2022, and it is expected to maintain its position during the projection period. This is due to the high demand for acrylic adhesives products due to their chemical and physical properties, lower cost, and vast applications in several end use verticals, such as healthcare, automotive, and packaging.

Paper Backed Category Contributes Highest Revenue

Based on backing material, the market is classified into papers, polyvinyl chloride (PVC), polypropylene (PP), and others. Among these, the papers category accounted for the largest revenue share in 2022, and it will continue to do so during the coming years. This is because these tapes have a wide range of applications, and are made of affordable paper with a rubber adhesive coating. They are available in several colors and are eco-friendly, temperature-resistant, and have superior adhesion.

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APAC Is Prime Revenue Contributor

The APAC region accounted for the largest revenue share, of 46%, in 2022, and it is expected to advance at a significant CAGR. This growth can be ascribed to the easy availability of raw materials, growing electrical and electronics industry where such tapes are extensively used, increasing demand from automotive sector owing to the escalating number of vehicles used for the transportation of goods as well as private-owned cars, and high number of prominent manufacturers in the region.

• China generates the majority of revenue in the regional market. This is due to the rising automotive sector, growing healthcare spending by the government, and high investment by industry giants.

Moreover, the North American market accounted for a significant share revenue in 2022. This is attributed to the growing per capita income, surging number of industry players, increasing technological advancements, mushrooming construction rate, and mounting preference for packaged food which give rise to the packaging industry.

• The U.S. is the major revenue contributor in the regional market. The rising number of industry players, high R&D spending on healthcare, and growing e-commerce platforms are the factors responsible for the industry expansion in the country.
• The usage of solvent-based adhesives is under strict monitoring by the U.S. Environmental Protection Agency (EPA) owing to their harmful environmental effects, such as the emission of VOCs. Thus, key players are involved in the R&D of water-based and hot melt adhesive tapes to replace and match the standards and performance of solvent-based adhesive tapes. This factor is expected to generate growth opportunities for the players operating in the North American adhesive tapes market during the forecast period.

Furthermore, Europe accounted for a significant revenue share, and it will maintain its position during the coming years. This is due to the well-established automobile sector, growing packaging industry, and high acceptance rate of cutting-edge technology. In addition, Germany contributes the highest revenue to the region, due to being the largest exporter of rubberized textile adhesives and existence of large number of auto part manufacturers, which further contributes to the regional share.

Top Manufacturers of Adhesive Tapes Are:

• 3M
• Nitto Denko Corporation
• tesa SE
• LINTEC Corporation
• Avery Dennison Corporation
• Intertape Polymer Group Inc.
• Shurtape Technologies LLC
• Scapa Group plc
• Lohmann GmbH & Co. KG
• Nichiban Co. Ltd.

Market Size Breakdown by Segment

This report offers deep insights into the adhesive tapes market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.

Based on Type

• Commodity
• Specialty

Based on Technology

• Water-based
• Solvent-based
• Hot-melt-based

Based on End Use

• Packaging
• Consumer and Office
• Healthcare
• Automotive
• Electrical and Electronics
• Building and Construction

Based on Resin

• Acrylic
• Rubber
• Silicone

Based on Backing Material

• Papers
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa