openPR Logo
Press release

Global Demand for Double-sided Filament Tapes Gains Traction Market

Global Demand for Double-sided Filament Tapes Gains Traction

Effectiveness of packaging solutions continue to be contingent upon the type of strapping tapes or filament tapes being used for reinforcing the shape of corrugated fibreboard boxes.

Almost every other product in the world is likely to get packaged & delivered through ridged fibreboard boxes, compelling the global packaging industry leaders to increase the use of pressure-sensitive tapes for helping these boxes retain their shape during mechanical abrasion. Filament tapes continue to be an integral part of packaging operations such as carton sealing, bundling and strapping. Future Market Insights’ analysis of the global filament tapes market indicates that the demand for single-sided filament tapes is presently higher in such packaging operations. However, by the end of 2026, global filament tapes revenues will be equally split by single-sided as well as double-sided filament tapes, implying an upward ascent for the demand for double-sided tapes.

Future Market Insights recently published its report on the global filament tapes market which estimates that US$ 3,340.8 million revenues were amassed through global sales of filament tapes in 2016. According to the report, the global filament tapes market is expected to register a 7.1% CAGR to reach market value of US$ 6.6 billion by the end of 2026.

Request to Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2852

Some of the report’s crucial research findings project that,

In 2016, more than 1,100 million square meters of 24mm filament tapes were consumed globally

High tensile strength & UV-resistance of filament tapes is expected to procure lucrative opportunities as sealants in production of healthcare & hygiene products

As backing adhesives, plastic films and paper will collectively dominate the global filament tapes market by accounting for over 80% revenue share by 2026-end

Global revenues of filament tapes manufactured with acrylic adhesives will grow at the highest CAGR – 8.4%

Increasing demand for corrugated packaging boxes will significantly boost the growth in demand for filament tapes in the future

In its report, titled “Filament Tapes Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights further signifies the key challenges faced by filament tapes manufacturers across the globe. Low profit margins, coupled with strict environmental regulations are curbing the potential of companies to expand manufacturing facilities. Undulating prices of raw materials such as foam, plastic films or fabrics is further impacting the growth in production capacity of filament tapes manufacturers. Some of the leading companies manufacturing filament tapes, profiled in this report, include, 3M Company, Tesa Tape Inc., PPM Industries S.P.A., Sekisui TA Industries, LLC, Canadian Technical Tape, Ltd., Intertape Polymer Corp, Inc., Saint–Gobain Performance Plastics, Krush Adhesive Tape, Inc. and Pro Tapes & Specialities Inc.

Automotive Industry – Largest End-user of Filament Tapes

While packaging remains to be the core end-use of filament tapes, the demand for pressure-sensitive reinforcement operations is gaining substantial traction in the automotive industry. Leading automakers are benefitting from the high tensile strength of filament tapes, which is used for welding and painting, and their ability to leave lesser residue after removing from metal surfaces of the automobiles. In 2016, more than US$ 500 million revenues were procured globally from selling filament tapes to automotive industries. These revenues are projected to increase at a CAGR Of 10.2% during the assessment period. Revenues from printing end-user industries will, however, incur a sluggish growth to reach US$ 380 million by 2026-end.

On the basis of applications, the demand for filament tapes will be majorly accounted by carton sealing. With over 40% revenue share, carton sealing will remain the dominant application of filament tapes through 2026, while combined revenues amassed from bundling, sealing and insulation application of filament tapes will account for more than 30% share. The report also expects that filament tape revenues procured from Asia-Pacific excluding Japan (APEJ) will be higher than any other region, exhibiting a value share of more than 35%. Throughout the forecast period, APEJ will remain a leading region in the global filament tapes market, followed by North America and Eastern Europe. These three regions together, are anticipated to bring in revenues worth nearly US$ 5 billion by the end of 2026.

Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-2852

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Demand for Double-sided Filament Tapes Gains Traction Market here

News-ID: 1088246 • Views: 138

More Releases from Future Market Insights - MRRSE

Variable Frequency Drive Market to Reach US$ 7.70 Billion by 2027 | Fuji Electri …
The North America variable frequency drive market is projected to reach US$ 7.79 Bn in revenues by 2027, according to a new research by Future Market Insights. In terms of volume, 6.25 million units of variable frequency drivers are expected to be sold in North America in 2017. The U.S. will continue to dominate sales, accounting for nearly 78% revenue share of the market. According to Future Market Insights, the
Pharma-grade Synthetic Camphor Market to Surpass US$ 532.0 Mn by 2028 | Aldon Co …
According to the latest research by the company, the global pharma-grade synthetic camphor market size is anticipated to be valued at US$ 532.0 Mn, by 2028 end. The report on pharma-grade synthetic camphor market further projects significant growth potential with average year-on-year growth rate pegged at 4.1% through 2028. Growing demand for topical pain management products is expected to propel the growth of pharma-grade synthetic camphor market. Pharma-grade synthetic camphor is
Micronized Salt Market is forecast to be valued at US$ 3,305.8 Mn by 2028 end
In a new publication, Future Market Insights (FMI) projects that in terms of value, the global micronized salt market revenue will expand at a CAGR of 3.6% during the forecast period. In terms of revenue, the global micronized salt market accounted for US$ 2,319.0 Mn in 2018 and is anticipated to increase to reach US$ 3,305.8 Mn by 2028. A detailed competition assessment and revenue forecasts for a period of
Silicon Carbide (Sic) Coating Market Market Participants Saint-Gobain, Xycarb Ce …
Global Silicon Carbide (SiC) Coating Market Introduction The global specialty coating market is growing at a good pace. Silicon carbide (SiC) coating is a specialty coating which is made up of compounds of silicon and carbon. Silicon carbide is a synthetically manufactured compound in general. However, it is rarely found in the nature as moissanite. Silicon carbide (SiC) coating is applied on the substrate, either by PVD or by CVD. Because

All 5 Releases


More Releases for Tape

Polyimide Tape (Kapton Tape) Market Overview by 2025: QY Research
Global Polyimide Tape (Kapton Tape) market report is first of its kind research report that covers the overview, summary, market dynamics, competitive analysis, and leading player’s various strategies to sustain in the global market. This report covers five top regions of the globe and countries within, which shows the status of regional development, consisting of market value, volume, size, and price data. Apart from this, the report also covers detail
Specialty Tape Market 2017 - 2026
Press Release - 16 July 2018 Research and Development News -- . . Latest Update "Specialty Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026" with Industries Survey | Global Current Growth and Future. ' ' Global Specialty Tape Market: Overview Specialty tapes include a wide variety of tapes for specific use in industries. Hence, these tapes have enhanced capabilities compared to adhesive tapes. With increasing use in various
Find How Global Polyimide Tape (Kapton Tape) Industry Performing Worldwide?
“Global Polyimide Tape (Kapton Tape) Market Research Report 2016”Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. The Global Polyimide Tape market research report analyzes this market on the basis of its market segments, major geographies and current market trends. Geographies studied in this research report are North America, Asia Pacific, Europe, and Rest of the world. This report provides an all-inclusive examination of the market growth drivers, factors influencing and limiting market
World's Most Expensive Screw Tape
US rap artist Wyldthang placed a advance copy of his forthcoming album RIZE:Screwed & Chopped on Ebay today for the whopping total of $5,000. The special made 24 Karat Gold copy of the CD is a unique offering. "DJ BC of the Screwed Up Click took almost a year putting this album together. The project is reimagined, remastered and reloaded." Wyldthang states, "After all that time and effort that he
Heat Shrink Tape, Insulation Tape, Medium Voltage Insulation Tape, Protection Vo …
Yamuna power offers the Heat Shrink Tape with various features such as Reduces bus bar clearance requirements, Protects against accidental flash over, Halogen free, Shrink at Temperature: 120o C, Anti-track and many more. The heat shrink tape to mend holes and attach cables. This is called the heat shrink cable because it shrinks after heat is applied to it. the tape is based on the compressive principle so that it
Presto Tape Distributor Program
Volume Pricing on Protective Tape and Adhesives As one of the top 4 producers of protective tape in the USA, the Presto Tape distributor program aims to help you provide your customers with superior products. We offer the opportunity for contractor distributors to buy from us, the manufacturer. A direct relationship with us eliminates delays and costs when buying from others who add mark-up to the product cost. Buy from us