What's the next big thing in the Filament Tapes Market...? 3M Company, Tesa Tape Inc., PPM Industries S.P.A., Sekisui TA Industries, etc

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.

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.  

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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.

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.

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Filament Tapes Market Reports - Table of Contents
1. Global Filament Tapes Market - Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. Global Filament Tapes Market Overview

4.1. Introduction

4.1.1. Global Filament Tapes Market Taxonomy

4.1.2. Global Filament Tapes Market Definition

4.2. Global Filament Tapes Market Size and Forecast

4.2.1. Global Filament Tapes Market Y-o-Y Growth

4.2.2. Global Filament Tapes Market Size

4.3. Global Filament Tapes Market Overview

4.3.1. Value Chain

4.3.2. Profitability Margins

4.3.3. List of Active Participants

4.3.3.1. Raw Material Suppliers

4.3.3.2. Tape Manufacturers

4.3.3.3. Distributors

4.3.4. Filament Tapes Pricing Trends

4.3.5. Filament Tapes Cost Influencing Factors 

4.3.6. Factors Influencing Filament Tapes Sales

4.3.6.1. Consumer Income

4.3.6.2. Packaging Industry Growth

4.3.6.3. Spending Patterns

4.3.6.4. Inflation

4.3.6.5. Per Capita GDP

4.3.6.6. Pricing Trend

4.3.6.7. Foreign Trade

4.3.6.8. End Use Industry Growth

4.3.7. Trade Data (Export & Import), By Region

4.3.8. Production & Consumption of Filament Tapes, By Region

4.3.9. Key Regulations

4.3.10. Product Cost Teardown Analysis

4.4. Global Filament Tapes Market Dynamics

4.4.1. Drivers

4.4.1.1. Supply Side

4.4.1.2. Demand Side

4.4.2. Restraints

4.4.3. Market Trends

4.4.4. Opportunities

4.4.5. Porters Five Force Analysis

4.4.6. PEST Analysis

5. Global Filament Tapes Market Analysis and Forecast, By Filament Type

5.1. Introduction

5.1.1. Market Share and BPS Analysis, By Filament Type

5.1.2. Y-o-Y Growth Projections, By Filament Type

5.2. Market Size (US$ Mn) and Volume (Mn Sq. m) Forecast, By Filament Type

5.2.1. Single sided tapes

5.2.2. Double sided tapes

5.3. Market Attractiveness Analysis, By Filament Type

5.4. Prominent Trends

6. Global Filament Tapes Market Analysis and Forecast, By Adhesive Type

6.1. Introduction

6.1.1. Market Share and BPS Analysis, By Adhesive Type

6.1.2. Y-o-Y Growth Projections, By Adhesive Type

6.2. Market Size (US$ Mn) Forecast, By Adhesive Type

6.2.1. Rubber based

6.2.1.1. Nature rubber

6.2.1.2. Synthetic rubber

6.2.2. Acrylic based

6.2.3. Hot melt adhesive

6.3. Market Attractiveness Analysis, By Adhesive Type

6.4. Prominent Trends

7. Global Filament Tapes Market Analysis and Forecast, By Width

7.1. Introduction

7.1.1. Market Share and BPS Analysis, By Width

7.1.2. Y-o-Y Growth Projections, By Width

7.2. Market Size (US$ Mn) and Volume (Mn Sq. m) Forecast, By Width

7.2.1. 12 mm

7.2.2. 18 mm

7.2.3. 24 mm

7.2.4. 36 mm

7.2.5. 48 mm

7.2.6. 72 mm

7.2.7. 96 mm

7.3. Market Attractiveness Analysis, By Width

7.4. Prominent Trends .....more 

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.

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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.

Queries regarding the research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

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