Seal Adhesive Tape Market - Forecast(2023 - 2028)

Seal Adhesive Tape Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of 5.8% during 2020-2025. Seal adhesive tapes are widely used owing to their uniform thickness & gasp filling properties, ability to bond dissimilar substrate, and ability to eliminate the need for fasteners. These tapes provide smooth & nonstick surface, resistance to chemicals & high temperatures, and possess insulating properties. They are widely used in broad range of applications, specifically packaging and carton sealing. Furthermore, they are used in lamination; sealing; and food packaging, processing, and handling. Currently, from the beginning of 2020, due to COVID-19 outbreak, the packaging industry comes up with huge loss. Owning to the lockdown of logistics around the globe, the consumption of adhesive tapes for packing the products have been reduced which have become the major factor that constrains the growth of the market.

The report: “Seal Adhesive Tape Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Seal Adhesive Tape Industry.

 

By Product Type: Single Side, Double Side, and Transfer Tape.

By Material Type: Polypropylene, Polyvinyl Chloride, Paper-backed, Fluoropolymer, and Others.

By Adhesive: Epoxy, Silicon, Rubber, Acrylic, and Others.

By End User: Automotive, Healthcare, Building Construction, Electrical and Electronics, Consumer Goods, and Others.

By Geography: North America, South America, Europe, APAC, and RoW.

Single sided tape is dominating the global seal adhesive tapes in 2019. Single-coated tapes consist of adhesive applied to one side of a backing. The adhesive could be composed of natural rubber, silicone, or acrylic, while the backing material could be polymeric film, paper, foil, nonwoven, or high thread count woven cloth. These tapes, which include masking and medical tapes as well as electrical, carton sealing, and BOPP adhesives facilitate the bonding of a material with a surface as well as the linking of two adjacent or overlapping materials.

Paper-backed adhesive tapes are also referred to as micropore tapes because of pores in the backing material. These tapes are available with kraft, crape, or any kind of recyclable paper coated with adhesive. Paper tapes made from crape paper and rubber adhesive coating have a wide range of applications. These tapes are eco-friendly and are available in a wide range of colors. Paper tapes have good holding power, heat insulation, and temperature resistance properties. These tapes provide excellent comfort compared to PET adhesive tapes. They are relatively thin, flexible, and also smooth, which makes them suitable for automobiles aircraft manufacturing; appliance manufacturing; heating, ventilation & air conditioning (HVAC); and paper & printing application.

In 2019, the healthcare segment is expected to account for the largest market share during the forecast period. In the healthcare industry, seal adhesive tapes are applied to surgical containers, and monitoring electrodes & other medical devices. The global hygiene market is expanding with innovative products. Seal adhesive tapes used in this segment become component parts within the final consumer product and are, hence, driven by the market demand for those products. The demand for adhesive tapes is witnessing growth in the healthcare sector due to penetration of the products in this sector in developing countries, along with growth in disposable income. Improved healthcare system and aging global population are also key drivers for growth in this segment.

APAC is the largest seal adhesive tapes market and is also projected to be the fastest-growing market during the forecast period. The region is witnessing strong growth owing to ongoing R&D and advancements in electrical & electronics, healthcare, and automotive industries. The seal adhesive tapes market in emerging economies, such as China, India, Brazil, South Africa, and Indonesia, is expected to witness significant growth while more developed markets such as the US, Germany, Japan, and the UK, will witness slow or no growth during the forecast period. China is expected to be the major contributor, mainly led by the high demand from heavy industries and consumer product manufacturing sectors.

The packaging sector is witnessing upward growth, owing to betterment in shipping methods along with higher adoption of the flexible packaging options. Seal adhesives tapes in packaging is gaining higher importance owing to its use in sealing the heavy-duty goods, which requires higher protection from the external barriers. Increasing usage of adhesives tapes in transportation of perishable goods, temperature and pressure sensitive goods to offer more efficient transit, is further escalating the demand for adhesive tapes. Ongoing demand of the varied adhesive solutions that provides higher protection from the leakage and seeping of the solid goods or fluids, is also increasing the market growth.

The adhesive tapes market growth in mainly hampered owing to the regulation imposed by the regulatory authorities. Restriction related to the use of the chemicals such as toluene, formaldehyde, Di-2-ethylhexyl phthalate owing to health hazards associated with these chemicals impacts the overall tape related business. To avoid this regulation has been imposed by the regulatory bodies. Increasing count of the countries adopting stricter regulation is hindering the market growth. The growing regulations in every category of adhesive tapes tends to constrain the growth of the market.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Seal Adhesive Tape market. In 2019, the market of Seal Adhesive Tape has been consolidated by the top five players accounting for xx% of the share. Seal Adhesive Tape Market top 10 companies 3M Company, Saint-Gobain Performance Plastics, Canadian Technical Tape Ltd., Tesa SE Group, Nitto Denko Corporation, PPI Adhesive Products, Shurtape Technologies LLC, PPM Industries, Intertape Polymer Group Inc., and Pro Tapes & Specialties, Inc., among others.