Press release
Pressure Sensitive Tape Market - Global Industry Analysis & Key Insights by 2024
Download PDF Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17087
Generally, the pressure sensitive tapes consist of a pressure-sensitive adhesive that is coated onto a backing material such as plastic, paper, film, cloth or metal foil. The highlight of pressure sensitive tapes is that they can be used on any kind of packaging material without the need for a solvent (such as water) or heat for activation. The cost competitiveness coupled with superior label quality offered by pressure sensitive tapes is expected to encourage a significant growth in the pressure sensitive tape market over the forecast period.
Pressure Sensitive Tape Market - Market Dynamics:
One of the significant factors contributing to the growth of the pressure sensitive tape market is the rampant growth of corrugated materials used for packaging. Moreover, growing consumption of pressure sensitive tape in the automotive and construction segment is expected to raise the demand for pressure sensitive tape over the forecast period. Furthermore, owing to its properties such as better adhesive holding power, improved moisture resistance, better conformability and instant adhesion, pressure sensitive tape is suitable for all types of packaging material. Characteristics such as compatibility with various sterilization forms and its non-toxic nature will further drive growth in the pressure sensitive tape market over the forecast period.
Ease of entrance in the market has resulted in increasing competition in the global tape market. This has encouraged vendors to introduce new and advanced forms of pressure sensitive tapes like the double sided acrylic tape with high performance. Today, most of the pressure sensitive tape companies are focusing on highly efficient eco-friendly recovery technology for adhesive coating. This is expected to be the next growth opportunity for pressure sensitive manufacturers over the forecast period.
However, the pressure sensitive tape market is a highly fragmented market due to the presence of numerous regional and local players. These manufacturers offer innovative packaging solutions related to tape at price much lower than that charged by multinational players. This has resulted in an intense price war. It is expected that large multinational players will acquire small regional and local players over the forecast period.
Pressure Sensitive Tape Market- Market Segmentation:
Global Pressure sensitive tape market is segmented on the basis of product, backing material, and application. On the basis of product, the pressure sensitive tape market can be segmented into cartoon sealing tape, masking tape, double sided tape, electrical tape, and others. On the basis of backing material, the pressure sensitive tape market can be segmented into polypropylene, paper, PVC, and others. On the basis of application, the pressure sensitive tape market can be segmented into packaging, building & construction, electrical & electronics, automotive, health & hygiene, and others.
Pressure Sensitive Tape Market - Regional Outlook:
Geographically, the global Pressure sensitive tape market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global pressure sensitive tape market is expected to witness a significant CAGR over the forecast period of 2016-2024. Moreover, APAC dominates the global pressure sensitive tape market currently and this trend is expected to continue over the forecast period due to growing construction industry in the wake of population growth, government plan for infrastructure development and urbanization. Apart from this, ample availability of raw materials such as PVC, polypropylene, etc. in China is projected to fuel the demand for pressure sensitive tape market in the APAC region. North America is expected to follow APAC in pressure sensitive tape market over the forecast period. Rest of the world is expected to show a steady growth during the forecast period.
Pressure Sensitive Tape Market - Major Players:
Some of the major players identified across the globe in the Pressure sensitive tape market are Henkel AG & Co., KGaA, 3M company, The Dow Chemical company, Avery Dennison, Ashland Inc., and H.B Fuller.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Pressure Sensitive Tape Market - Global Industry Analysis & Key Insights by 2024 here
News-ID: 429142 • Views: …
More Releases from TMR - Packaging
Strapping Machine Market - Global Industry Analysis and Forecast | 2024
Packaging has become a very important parameter to attract customers. Companies today are spending huge amount on packaging apart from the product itself, because even if the product is a quality product but is not packaged properly, it might be unattractive for the consumer. Similarly, a strapping machine is a vital component for the packaging industry as these machines are used to place a band or strap around the packages…
Staple Gun Market - Key Growth Factors and Industry Analysis 2024
Today, packaging has become a vital part of a product’s lifecycle predominantly because packaging protects and preserves a product from any type of harm such as leakage, contamination, damage, etc. during the course of transit, consumption, and storage. Achieving highest degree of product safety at every stage of product lifecycle is now considered to be one of the major concerns of sensitive products manufactures. Moreover, sensitive products require rigid…
Rigid Bulk Packaging Market - Industrial applications witness fastest growth up …
Packaging has become a vital part of any product’s lifecycle predominantly because the packaging protects and preserves a product from any kind of harm such as leakage, contamination, damage, etc. during the course of transit, consumption and storage. Achieving highest degree of product safety at every stage of product lifecycle is considered to be one of the major concerns of sensitive products manufactures. Moreover, sensitive products require rigid packaging.…
Printed Cartons Market - Global Industry Analysis, Size, Share, Growth, Trends 2 …
Over the last few years, product packaging emerged as a critical factor in customer’s decision making process, as customers with their preference of choices directly communicates with the brand. Packaging is not only used for protecting the product but also aids to enhance the brand visibility, which in turn escalates brand value. Cartons are considered one of the essential packaging solution available to brand owners and product manufacturers. Manufacturers on…
More Releases for Pressure
Benefits of Pressure Washing With Cen-Cal Pressure Pros
Fresno, CA - Over time, a property's exterior surfaces will collect debris, causing them to lose their visual appeal. This negative effect will become more and more noticeable over time, eventually causing property owners to seek out the best solution. In most cases, pressure washing [https://www.cencalpressurepros.com/pressure-washing-company-in-fresno-ca/] is the go-to answer to dirty exterior surfaces. Pressure washing uses high-pressure water to disturb and remove debris from these surfaces. This process has…
Ensuring Pressure Washing Safety With D4S Pressure Washing
Tampa, FL - Pressure washing [https://www.d4spressurewashing.com/pressure-washing-company-in-tampa-fl/] is an effective way of restoring a property's exterior surfaces. The process makes them cleaner, and as a result, more visually appealing. However, pressure washing does not come without its fair share of challenges. For instance, pressure washing uses highly pressurized water, and handling this force can cause significant harm or damage if the correct precautions are not taken. Learn what precautions to take…
How Midland Pressure Washing Conquers Pressure Washing Challenges
Leawood, KS - Pressure washing [https://www.midlandpressurewash.com/pressure-washing-company-in-leawood-ks/] does not go the exact same way every single time. In fact, this versatile process is used to clean a variety of different surfaces, and the precise details of pressure washing can be customized to match the job. With some knowledge of the demands of every surface that needs to be cleaned, residential and commercial property owners can harness the power of pressure washing…
Pressure Washing vs. Soft Washing With Riptide Pressure Washing
Wilmington, NC - The exterior surfaces of any property will become dirty over time. When this occurs, the owner of the property may become interested in cleaning them. However, the best way to accomplish this work may not be immediately clear. Should exterior surfaces be pressure washed, or soft washed? And what precisely is the difference between these two options? Riptide Pressure Washing [https://www.riptide-wash.com/] proudly provides pressure washing [https://www.riptide-wash.com/pressure-washing-company-in-wilmington-nc/] and…
DIY Pressure Washing Versus Professional Pressure Washing
West Hartford, CT - When a property's exterior surfaces become coated with dirt and debris, the property owner may decide the surfaces need to be pressure washed. At this point, the property owner has to make an important decision. Will they attempt to clean those exterior surfaces on their own? Or will they reach out to a professional business for the help they need? Both of these paths are valid…
Precision Under Pressure: Trends in Fluid Pressure Sensors
The Business Research Company recently released a comprehensive report on the Global Fluid Pressure Sensors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the fluid pressure…
