Paper Adhesive Tape Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Solvent-Based, Water-Based, Others), By Application (Packaging, Automotive, Construction), And By Geography - Forecasts From 2022 To 2027
- Published : Mar 2022
- Report Code : KSI061612217
- Pages : 126
The global paper adhesive tape market was valued at US$9.725 billion in the year 2020 and is estimated to reach a market size of US$15.315 billion in 2027 with a compound annual growth rate of 6.70%.
The market growth is attributed to the growing demand for paper adhesive tapes in the electronics, healthcare, building and construction packaging industries. Moreover, the growing demand for consumer flexible packaging coupled with the rising internet technologies and web applications is expected to have a positive impact on the overall market growth. Adhesive tapes are preferred due to their unique features of being flexible, pressure-sensitive, and efficient. Paper adhesive tape is in high demand as it enhances the lifespan of the products so they don’t get caught by corrosion or rust. Paper adhesive tapes are resistant to temperature, heat-insulating and have great holding power. They offer a wide range of applications, such as sealing cartons to protect and increase the life span of the material and sealing envelopes for mailing.
Paper Adhesive Tape by Application
The paper adhesive tape market is expected to have a high demand in the number of applications in the building and construction industry due to the growing urban population, which is increasing the expectation for a safe, healthy urban environment and sustainable building demand. Paper adhesive tape is used to outlast environmental and mechanical strain. Moreover, the rising adoption of adhesive equipment across the construction industry is anticipated to drive the growth of the overall market during the forecast period. Furthermore, rising construction activities across various developing economies are expected to create a huge demand for paper adhesive tape, which in turn, is projected to boost the market growth. In addition, increasing investments in construction and infrastructure projects is another factor that is expected to create a huge demand for paper adhesive tape. For instance, the Middle Eastern Region is expected to spend significant capital on the construction sector in the coming years. Qatar is organizing the FIFA World Cup in 2022. The country’s finance minister stated in the year 2017, that the country had been spending U$500 million, per week on major infrastructure projects, and that the spending would continue for 3 to 4 years.
Paper Adhesive Tape by Type
Water-based tapes have high durability, flexibility, and economic efficiency, which is why their demand is high in the building and construction industry. Water-based adhesives are best for both porous and non-porous substrates due to the way they are used for packaging purposes across various industries. Rising demand for water-based tapes across the food and beverage industry is also expected to boost market growth in the future. Water-based tapes provide flexibility, better protection, and UV resistance to the products owing to which their demand in the food processing industry is increasing and will continue to rise in the coming years. Moreover, growth in the building and construction sector will support the growth of water-based tape. North America is expected to dominate the water-based adhesive segment of the market on account of the rising construction activities due to the growth in the residential sector. Around 50% of construction spending in the United States is generated by the housing sector. In October 2020, US$1.48 trillion was spent on construction, out of which US$646 billion was spent in the housing and residential segment (Source: U.S. Department of Commerce’s Census Bureau). The top construction projects in the U.S. in 2019 were: NYC Housing Authority Office of Design (Brooklyn, NY), Landmark Real Estate and Development (Chicago, IL), and Houston Bullet-Train Station - Texas Central (Houston, TX).
COVID-19 has adversely impacted the global paper adhesive tape market growth. During the pandemic, the governments of various countries have imposed lockdown and stringent regulations which have completely shut down worldwide manufacturing activities in the first quarter of 2020. However, the market is expected to recover in 2021-2022 due to the growth in automotive, electronic, and construction activities across the globe.
Paper Adhesive Tape Market Scope:
|Market size value in 2020||US$9.725 billion|
|Market size value in 2027||US$15.315 billion|
|Growth Rate||CAGR of 6.70% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Nitto Denko, Avery Dennison, Tesa SE, 3M, Henkel, Berry plastics, Achem Technology Corporation, Intertape Polymer|
|Customization scope||Free report customization with purchase|
- By Type
- By Application
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the paper adhesive tape market size by 2027?
A1. The global paper adhesive tape market is estimated to reach a total market size of US$15.315 billion by 2027.
Q2. What is the size of the global paper adhesive tape market?
A2. Paper Adhesive Tape Market was valued at US$9.725 billion in 2020.
Q3. What are the growth prospects for the paper adhesive tape market?
A3. The paper adhesive tape market is estimated to grow at a CAGR of 6.70% during the forecast period.
Q4. Which region holds the largest market share in the paper adhesive tape market?
A4. The Asia-Pacific region is estimated to grow faster in the paper adhesive tape market due to the increase in the construction and infrastructure projects in countries like India, China, Japan, etc.
Q5. What factors are anticipated to drive the paper adhesive tape market growth?
A5. The paper adhesive tape market growth is attributed to the increasing demand for paper adhesive tapes in packaging, house appliances, automotive, electronics, healthcare, construction, retails, and many others.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. GLOBAL PAPER ADHESIVE TAPE MARKET BY TYPE
5.2. Solvent based
5.3. Water based
6. GLOBAL PAPER ADHESIVE TAPE MARKET BY APPLICATION
7. GLOBAL PAPER ADHESIVE TAPE MARKET BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.3. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Nitto Denko
9.2. 9.2 Avery Dennison
9.3. Tesa SE
9.6. Berry plastics
9.7. Achem Technology Corporation
9.8. Intertape Polymer
Achem Technology Corporation
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