The commodity adhesive tape market is projected to grow at a CAGR of 5.53% during the forecast period. The market size is expected to be US$62.629 billion by 2023 from US$45.345 billion in 2017.Commodity adhesive tapes are tapes used for varied purposes such as packaging, masking, consumer and office space uses, among others. The demand for commodity adhesive tapes will rise with a growth in the packaging and retail industries. Moreover, the booming eCommerce industry will further boost the demand for these tapes as they are used to pack goods for shipment in bulk quantities. Furthermore, the growing number of SMEs will further lead to an increase in the demand of office supplies which will in turn add to the demand for these tapes. In addition, increasing demand for painting in office and housing spaces will snowball the demand for these tapes for masking purposes. The Asia Pacific region will see many growth opportunities during the forecast period due to rising disposable income boosting the demand for household and retail supplies and the increasing expenditure on aesthetic appeal of buildings and interiors.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Commodity adhesive tape value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Some of the major players discussed in this report are 3M, tesa SE, NITTO DENKO CORPORATION, Intertape Polymer Group, Shurtape Technologies, LLC, among others.
Commodity adhesive tape market has been segmented on the basis of type, coating technology, end-user industry and geography as follows:
By Coating Technology
Middle East and Africa
Key insights offered
What will be the Commodity adhesive tape market size from 2017 to 2023?
How are the major drivers and restraints affecting the Commodity adhesive tape market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviourKey strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.