Global Pressure Sensitive Tapes & Labels Market 2024 - Analysis and Forecasts by Leading Players Constantia Flexibles, Avery Dennison Corporation, 3M, Scapa, Berry Global Inc., CCL Industries, Coveris Group, UPM Raflatac

Pressure sensitive tapes and labels market is forecast to cross a mammoth valuation of USD 150 billion by 2024. Food & beverage is a key end-user industry in the pressure sensitive tapes & labels market. The products are used in the labelling and packaging of food products. High growth in the packaged food industry in developing countries of Asia Pacific along with steady food & beverage demand from saturated markets in developed countries will drive demand for pressure sensitive tapes & labels market till 2024.

Automotive & transportation end-user segment will gain by close to 6% CAGR in the forecast timeframe. Growing light weight vehicles demand for increased fuel economy and lesser emissions will increase usage of pressure sensitive tapes for bonding applications in the future.

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3M, one of the most acclaimed players in pressure sensitive labels and tapes market, has officially launched 3M™ FWBT (Fire and Water Barrier Tape), specially designed for firestopping in construction. Reportedly, FWBT is integrated with pressure sensitive adhesives, that have the credibility to stick to a wide platter of construction substrates including damp surface both at low as well as high temperatures. Claimed as a revolutionary extension of the existing products encompassing the pressure sensitive tapes and labels industry, FWBT is reported to be the first of its kind that comprise self-adhered membranes to provide an elastomeric tough seal.

In fact, the product range, as per experts’ opinion, is deemed to garner a mass popularity in a wide range of site applications, subject to its flexibility in the size range spanning 51 mm-303 mm in width and 22.8 m in length. Reportedly, the newly launched ASTM and NFPA approved pressure sensitive tapes, that can be utilized for a diversified range of customized applications, as per experts’ opinion, in all plausibility, would bring a disruption in the entire pressure sensitive tapes and labels industry.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Avery Dennison Corporation
2. 3M
3. Scapa Group plc
4. Berry Global Inc.
5. American Biltrite Inc.
6. DeWAL
7. Gaska Tape Inc.
8. LINTEC Corporation
9. MACtac, LLC
10. CCL Industries
11. Constantia Flexibles
12. COVERIS
13. Inland
14. Fuji Seal International, Inc.
15. UPM Raflatac

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Based on backing material, pressure sensitive tapes & labels market is categorized into polyvinyl chloride, cloth, paper, polypropylene, and others. Paper is an important segment which will account for more than a fifth of the market size in 2024. Paper backing materials are extensively used for labels. They are also used for tapes which are used for masking applications. The increasing labels demand along with the lower costs of paper will favor this segment’s development in the study period.

The pressure sensitive tapes & labels market is categorized, on the basis of adhesion type, as single sided, adhesive transfer, and double sided. Double sided products have adhesive applied on both the sides of the support material. The release liners are coated on both the sides with release agents for creating a differential release. The adhesives on both the sides of the backing material may be of different chemistries or thickness. This pressure sensitive tapes & labels market segment will experience high growth by around 8% CAGR during the forecast timespan.

Labels product segment is likely to generate revenues of over 45 billion by 2024. The product has become an essential part of any item that is sold in retail. It contains data about the nutritional value of food items, price, date of manufacturing & expiration, etc. Government in many countries have made it mandatory for packaged food products to have extensive data about the content. This will fuel their demand and increase its average sizes in the future which in turn will contribute to the pressure sensitive tapes & labels market development in coming years.

- Pressure Sensitive Tapes & Labels Market by Backing Material

• Polypropylene
• Polyvinyl chloride
• Paper
• Cloth
• Others

- Pressure Sensitive Tapes & Labels Market by Adhesion Type

• Single sided
• Double sided
• Adhesive transfer

- Pressure Sensitive Tapes & Labels Market by End-user

• Food & beverage
• Healthcare
• Logistics
• Automotive & transportation
• General manufacturing
• Others

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Major manufacturers in the pressure sensitive tapes & labels market include 3M, Avery Dennison Corporation, Scapa Group, American Biltrite, Berry Global, DeWAL, LINTEC Corporation, CCL Industries, MACtac, Constantia Flexibles, Gaska Tape, Inland, UPM Raflatac, Fuji Seal International, and COVERIS.

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