Press release
Primary Catalyst Driving Filament Tapes Market Evolution in 2025: Increasing Demand For High-Performance Packaging Fuels Growth Of Filament Tapes Market Driver
Filament Tapes
The filament tapes market is predicted to experience significant growth due to the escalating demand for high-performance packaging. High-performance packaging denotes protection, durability, and functionality that exceeds conventional packaging standards. The need for such packaging solutions is surging due to rising consumer concerns regarding the safety and sustainability of products and tighter industry regulations. Given their exceptional adhesive qualities and reinforced fibres lending considerable tensile strength and resilience, filament tapes are ideal for high-performance packaging needs. For instance, Dezan Shira & Associates, a professional services firm based in China, reported in June 2024 that plastic packaging in Vietnam is likely to surge from 10.07 million tons in 2023 to 15.09 million tons by 2028. Consequently, the burgeoning demand for high-performance packaging is propelling the growth of the filament tape market.
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What is the projected compound annual growth rate (CAGR) of the filament tapes market from 2025 to 2034, and what factors influence it?
In recent times, a significant growth has been observed in the filament tapes market size. The value of this market is predicted to increase from $4.95 billion in 2024 to $5.32 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.3%. The historical growth of this sector is linked with factors such as expansion of the packaging industry, industrialization post-war, transition towards plastic packaging, surge in e-commerce, and an elevated usage in the safeguarding of heavy goods.
Expectations are high for a robust expansion in the filament tapes market in the coming years. The market is projected to swell to a whopping $7.02 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. The predicted surge during the forecast period is due to various factors such as the increasing preference for lightweight packaging materials, the upsurge in packaged goods, an emphasis on eco-friendly packaging solutions, burgeoning use in the healthcare sector, and the rise in industrial activities. The key trends anticipated to emerge in this forecast period are heightened adhesive technologies, the incorporation of intelligent technologies, advancements in manufacturing processes, automation in application, and improved online marketing tactics.
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What are the emerging trends shaping the future of the filament tapes market?
In the filament tape industry, leading corporations are prioritizing the creation of innovative solutions like biobased and solvent-free adhesives to minimize their environmental footprint and cater to the increasing consumer preference for sustainable products. The green alternatives, biobased and solvent-free adhesives, are crafted from renewable materials and devoid of harmful chemicals, offering environmentally-conscious bonding solutions. For example, Lohmann GmbH & Co. KG, a German adhesive tape systems producer, introduced the DuploCOLL ECO adhesive tape collection in June 2023. This catalog, inclusive of diverse tape types, like transfer and double-sided scrim tapes, utilizes Lohmann's 100% solvent-free TwinMelt technology to curtail energy usage and CO2 output. The ECO portfolio, containing 50% biobased materials and recyclable liner systems, supports circular economy principles, while ensuring dependable adhesion to an array of substrates, including recycled materials.
What are the major segments of the filament tapes market and their role in driving growth?
The filament tapesmarket covered in this report is segmented -
1) By Type: Single Sided Tapes, Double Sided Tapes
2) By Adhesive Type: Rubber Based, Hot Melt Adhesive, Acrylic Based, Other Adhesive Types
3) By Material: Paper, Foam, Fabric, Polyester, Mesh Fiber Glass, Other Materials
4) By Application: Bundling, Strapping, Insulation, Carton Sealing, Sealing, Other Applications
5) By End Use: Shipping And Logistics, Building And Construction, Food And Beverages, Electrical And Electronics, Automotive, Healthcare And Hygiene, Printing, Metalworking, Oil And Gas, Other End Uses
Subsegments:
1) By Single Sided Tapes: Acrylic Adhesive Single Sided Tapes, Rubber Adhesive Single Sided Tapes, Water-Activated Single Sided Tapes, Pressure-Sensitive Single Sided Tapes, Heat-Resistant Single Sided Tapes
2) By Double Sided Tapes: Foam-Based Double Sided Tapes, Acrylic Adhesive Double Sided Tapes, Rubber Adhesive Double Sided Tapes, High-Tack Double Sided Tapes
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Which regions are key players in the growth of the filament tapes market?
North America was the largest region in the filament tapes market in 2024. The regions covered in the filament tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the filament tapes market?
Major companies operating in the filament tapes market are 3M Company, Berry Global Inc., Crown Packaging Corp., Nitto Denko Corporation, H.B. Fuller Company, Tesa Tape Inc., Scapa Group plc, Shurtape Technologies LLC, Viraj Industries Limited, Advance Tapes International, Adhesive Applications Inc., Canadian Technical Tape Ltd., Guangzhou Weasy Adhesive Products Co. Ltd., Justia Inc., Ajit Industries Private Limited, Avon Packaging Limited., Nippon Industries Co. Ltd., Shaktiman Packaging Private Limited, Euro Tapes Private Limited, Paragon Tapes Ltd., PPI Adhesive Products, Cosmos Tapes and Labels Private Limited, Wingtai Tape Inc., AVR Industries Private Limited, Saint-Gobain Performance Plastics Corporation
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What Is Covered In The Filament Tapes Global Market Report?
•Market Size Forecast: Examine the filament tapes market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the filament tapes market for a structured understanding.
•Key Players Overview: Analyze major players in the filament tapes market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the filament tapes market.
•Segment Contributions: Evaluate how different segments drive overall growth in the filament tapes market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the filament tapes market.
•Industry Challenges: Identify potential risks and obstacles affecting the filament tapes market.
•Competitive Landscape: Review strategic developments in the filament tapes market, including expansions, agreements, and new product launches.
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