Adhesive Tapes Market Research Report Information By Backing Material (Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others), By Type (Single-Sided, Double-Sided), By Resin (Acrylic, Epoxy, Rubber-Based, Silicone, Others), By Application (Automotive, Healthcare, Packaging, Electrical & Electronics, Building & Construction, Retail, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2030 Global Adhesive Tapes Market Overview Adhesive Tapes Market Size was valued at USD 47.2 billion in 2021. The Adhesive Tapes industry is projected to grow from USD 49.7 Billion in 2022 to USD 79.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2022 - 2030). The increasing use of adhesive tapes in diverse end-use industries is driving the market growth. Adhesive Tapes Market Trends The increasing use of adhesive tapes in diverse end-use industries to boost the market growth Adhesive tapes are used in end-use industries such as packaging, masking, consumer & office, electrical & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and others. The market is expected to be driven by the increasing applications of adhesive tapes. The pack aging industry is dominating the market gro wth. Packaging tapes, also known as adhesive tapes, are used for sealing, enclosing, wrapping, and bundling. These packaging tapes are commonly applied to the seams and joints of various storage receptacles in order to maintain a tolerance that keeps cargo within the receptacle's restraint. Furthermore, they are used for parcel delivery box seams, bottle caps, tamper-proofing pills, and food containers, bundling similarly shaped items into one larger, and enclosing items in a protective film or liner. Adhesive tapes play an important role in packaging perishables. Overall, the growing packaging industry is expected to drive the demand for adhesive tapes through the forecast period. Similarly, the packaging industry in India is expanding rapidly. It is India's fifth-largest economic sector and one of the country's fastest and fastest-growing sectors. In the midst of the e-commerce boom, the Indian packaging industry is experiencing rapid growth and is one of the fastest-growing segments. According to the Indian Institute of Packaging (IIP), packaging consumption in India has increased 200% in the last decade, rising from 4.3 kg per person per year (pppa) to 8.6 kg pppa. According to the International Monetary Fund (IMF), the economy contracted by 4% by 2020, the largest drop since the 1930s Great Depression. This has had a negative impact on the adhesive tapes market. The increased e-commerce purchases during COVID-19, on the other hand, have accelerated market growth in 2021. The carry handle tape market offers innovative solutions for convenient and secure packaging, enhancing both transportability and consumer experience. The trend toward flatter and micro-electronic devices continues, which increases the use of adhesive tapes in the electrical and electronics industries. During the forecast period, the adhesive tapes market in the healthcare & hygiene end-use industry is expected to grow at the fastest rate. This increase is attributed to an aging population and an increase in the number of chronic diseases. Furthermore, the demand for vitro diagnostics, hydrophilic films, transdermal drug delivery patches, and oral dissolves films is propelling the healthcare industry. The market is being driven by the use of these tapes in the building and construction industries for HVAC, glazing, abatement, and insulation. However, to cater to the demand there have been significant advances in the packaging industry. For instance, the demand for adhesive tapes in the packaging end-user industry is likely to boost the growth of the market and drive the growth of the Adhesive Tapes market revenue. Adhesive Tapes Market Segment Insights Adhesive Tapes Backing Material Insights The Adhesive Tapes market segmentation, based on backing material, includes polypropylene (PP), paper, polyvinyl chloride (PVC), and others. The polypropylene (PP) Adhesive Tapes segment held the majority share in 2021 contributing to around ~35.02% with respect to the adhesive tapes market revenue. The growing demand for efficient plastic packaging products is driving the demand for the Adhesive Tapes market across the globe. Polypropylene (PP) is the most frequently used plastic in the packaging industry. According to the Plastic Trade Association, in 2020, among the different types of plastics used in the manufacturing, and packaging industries. May 2022: 3M launched Spunlace Extended Wear Adhesive Tape on Liner, 4576, developed for extended wear devices that require skin attachment for up to 21 days, ushering in the next generation of device design. June 2021: Rogers Corporation launched of PORON AquaPro 37TS9, the latest material added to the PORON AquaPro polyurethane product portfolio. PORON AquaPro 37TS9 meets the demand for high-performance materials that enable the design of thinner and lighter electronic devices by delivering the AquaPro 37 material family's reliable water-sealing capabilities in an ultra-thin, self-adhesive form. Adhesive Tapes Type Insights The Adhesive Tapes market segmentation, based on type, includes single-sided, and double-sided. The double-sided segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The market's expansion is primarily due to the widespread use of double-sided tapes in automotive applications such as emblems and nameplates, plate panels, roof molding, rocker panels/cladding, and others. Furthermore, these tapes are widely used in car exteriors, such as door cladding, seals and spoilers, and retainers. Hence, rising applications of segment double-sided type for Adhesive Tapes positively impact the market growth. Additionally, in comparison to single-sided, double-sided adhesive tape type is more useful for various end-use industries. Rising applications of segment double-sided type for Adhesive Tapes are likely to drive sector growth throughout the projection period. The rapid growth of the automotive sector; and the replacement of traditional fasteners, screws, bolts, and rivets with adhesive tapes are estimated to propel the adhesive tapes market across the globe. Adhesive Tapes Resin Insights The Adhesive Tapes market data has been bifurcated by resin into acrylic, epoxy, rubber-based, silicone, and others. The acrylic segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Acrylic resin has a high demand due to its advantageous physical and chemical properties, low cost, and applications in a variety of end-use industries such as packaging, transportation, and healthcare. Acrylic-based adhesive tapes are appropriate for solvent- and water-based technologies due to their resistance to other solvents, chemicals, and water. April 2021: Schweitzer-Mauduit International, Inc., announced that it has finalized its acquisition of Scapa Group Plc, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. The acquisition expands SWM's already extensive portfolio of precision-engineered performance materials, significantly expands the Company's innovation, design, and formulation capabilities, and brings a variety of new coating and converting technologies. The newly combined product and service offerings can be leveraged across SWM and Scapa's businesses to provide customers with best-in-class integrated solutions. This approval has further broadened the growth opportunity for the Adhesive Tapes industry. List of the Key Companies in the Adhesive Tapes market includes 3M Company (US) Rogers Corporation (US) Tesa SE (Germany) Scapa Group PLC (Canada) Nitto Denko Corporation (Japan) Lintec Corporation (Japan) Berry Inc. (US) Intertape Polymer Group (Canada) Lohmann GmbH (Germany) Avery Dennison Corporation (US), among others https://www.marketresearchfuture.com/reports/adhesive-tapes-market-1718