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Increased Demand from Healthcare and Packaging Industries Will Significantly Propel the Demand for Adhesive Tapes Through 2020, Says Technavio

Thursday, Apr 14, 2016
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According to the latest research study released by Technavio, the global adhesive tapes market is expected to ship 53.78 billion square meters by 2020.

This research report titled ‘Global Adhesive Tapes Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including polypropylene, paper, and polyvinyl chloride.

Request sample report: http://bit.ly/1PQkX6I

“Adhesive tapes are used as surgical tapes and are pressure-sensitive. They are used for to hold a dressing or bandage on top of a wound. These tapes contain an antigen adhesive, which is created to grip tightly onto the skin, primary layers of medical tape, and dressing materials. Medical adhesive tapes are typically white because they contain zinc oxide, which is added to help prevent infections. An increase in investment for the development of the healthcare industry by various countries has further enhanced the demand for industrial tapes used and medical-grade adhesives,” said Asif Gani, one of Technavio’s lead analysts for tags and labels.

“The packaging sector emerged as one of the major and growing end-user segment in the global adhesive tapes market in 2015. Adhesive tapes in the packaging segment are used for sealing, labeling, and surface production purposes for safe storage and shipment of packaged products. As e-retailing activity accounts for a large part of the transportation of goods, this will help in the growth of the adhesive tapes market in the packaging sector during the forecast period,” added Asif.

Global adhesive tapes market by types of material 2015 (% volume)

Polypropylene

   

56.16%

Paper

   

18.77%

Polyvinyl chloride

   

15.25%

Others

   

9.82%

Source: Technavio research      

Global adhesive tapes market by polypropylene: largest segment

The global adhesive tapes market by polypropylene shipped 23.97 billion square meters in 2015. The global polypropylene adhesive tapes market by volume is expected to grow rapidly during the forecast period. Polypropylene is one of the primary resins used as a backing material in adhesive tapes, especially box sealing tapes. Box sealing tapes (or packing or parcel tapes) are used for sealing packages for shipment. Polypropylene is a low coat material and provides better flexibility, and conformability because of its softness. It is of two kinds: mono-axial-oriented film and bi-axial-oriented film. The mono-axial-oriented film provides strength only to one direction while bi-axial offer strength to both the directions.

The demand for polypropylene in terms of volume in North America is likely to reach 13 million metric tons by 2018, which will increase its demand. The growing demand for polypropylene non-woven fabric has been increasing globally. It is the key raw material used for manufacturing non-woven fabric. Geotextile, construction, and automotive are the major markets for non-woven fabric materials. The growth in this market will lead to an increase in the demand for non-woven materials, especially in the US and China, driving the global adhesive tapes market in the forecast period.

Global adhesive tapes market by paper: second largest segment

The global adhesive tapes market by paper shipped 8.01 billion square meter in 2015. The global adhesive tapes market by paper as a supporting material is expected to grow at a rapid rate during the forecast period, and will have the fastest growth among all the other materials used a supporting material in adhesive tapes. Paper tapes are used in masking, mounting, packaging, and protecting applications. The backing materials include clay coat paper, crepe paper, fish paper, flatback paper, Kraft paper, and tissue paper. Also, rubber, Kraft papers, and plastic films are the major materials used in the production of tape backings.

Global adhesive tapes market by polyvinyl chloride

The global adhesive tapes market by polyvinyl chloride shipped 6.51 billion square meters in 2015. The global adhesive tapes market by polyvinyl chloride is expected to grow at a lower rate during the forecast period. One of the major reasons for the moderate growth of the market is growing environmental concern. The demand for biodegradable and eco-friendly adhesive tapes has increased because of environmental regulations and consumer preference toward environmentally-friendly products. These industrial tapes are capable of undergoing decomposition into carbon dioxide, water, and biomass.

However, various advantages offered by this material can again increase its demand in several markets, including construction and industrial. Some of the properties exuded by polyvinyl chloride as a backing material are great flexibility, high durability, low flammability, and weather resistance. It can also be embossed. It usually comes in two configurations: rigid (which is mainly used in the manufacturing of carton sealing tapes) and soft (which is mainly used in masking tapes and insulating tapes).

Browse related reports:

    Global Adhesives and Sealants Market 2016-2020
    Flexible Packaging Adhesives Market in China 2015-2019
    Global Packaging Adhesives Market 2015-2019
    Global Bioadhesives Market 2016-2020

Purchase any three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Source : businesswire.com

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