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Biobased And Solvent-Free Adhesives Drive Sustainability Industry Trends Gaining Momentum in the Global Filament Tapes Market
Filament Tapes
Filament Tapes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of filament tapes has seen robust growth. The size is expected to expand from $4.95 billion in 2024 to $5.32 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.3%. The historical growth can be credited to several factors including the expansion of the packaging industry, post-war industrial development, the transition towards plastic packaging, e-commerce emergence, and the augmenting utilization in reinforcing heavy goods.
Filament Tapes Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for robust expansion in the filament tapes market over the forthcoming years. The predicted growth rate stands at a compound annual growth rate (CAGR) of 7.2%, seeing the market value to ascend to $7.02 billion by 2029. This anticipated growth during the forecast period is credited to a surge in demand for lightweight packaging materials, increasing production of packaged goods, a concentrated effort towards eco-friendly packaging solutions, expanded usage in the healthcare sector, and a rise in industrial activities. The forthcoming period also projects significant trends like advancements in adhesive technologies, the adoption of intelligent technologies, innovations in production processes, application automation, and amplified online marketing strategies.
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What Are the Drivers Transforming the Filament Tapes Market?
The burgeoning requirement for elevated-performance packaging is set to catalyze the expansion of the filament tapes market in the future. This type of high-functioning packaging is tailored to offer supreme product safety, robustness, and usability. An upsurge in consumer anticipation for product security and ecological sustainability along with more stringent industry regulations are fueling the demand for such packaging. Filament tapes are preferred for elevated-performance packaging owing to their potent adhesive capabilities and fortified fibers, yielding exceptional tensile strength and longevity. For instance, Dezan Shira & Associates, a multidisciplinary professional services company based in China, reported in June 2024 that plastic packaging in Vietnam is projected to surge from 10.07 million tons in 2023 to 15.09 million tons by 2028. As such, the escalating demand for elevated-performance packaging is spurring the growth of the filament tape market.
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What Long-Term Trends Will Define the Future of the Filament Tapes Market?
Prominent firms in the filament tapes market are making strides towards creating ground-breaking solutions like biobased and solvent-free glues, as a way to lessen their impact on the environment and cater to the increasing demand for eco-friendly products. These alternatives made from renewable sources are devoid of harmful chemicals, providing sustainable adhesive solutions with a smaller environmental footprint. For instance, Lohmann GmbH & Co. KG, a Germany-based adhesive tape systems manufacturer, introduced the DuploCOLL ECO adhesive tape series in June 2023. This innovative series features biobased and solvent-free glues aimed at boosting sustainability in adhesive use. The range encompasses various tape types, including transfer and double-sided scrim tapes produced using Lohmann's TwinMelt technology, which is 100% solvent-free, thus reducing energy usage and CO2 emissions. Comprising of 50% biobased materials and recyclable liner systems, the ECO series encourages circular economy efforts while ensuring dependable adhesion to various substrates, including recycled materials.
Which Segments in the Filament Tapes Market Offer the Most Profit Potential?
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 Firms Dominate the Filament Tapes Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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