The Water-Based adhesive tape market is projected to grow at a CAGR of 4.63% during the forecast period. The market size is expected to be US$22.814 billion by 2023 from US$17.391 billion in 2017. Water-based adhesives fixation is based on as the water evaporates or is absorbed by the substrate. These are ideal for both porous and non-porous substrates, and are used for packaging across industry verticals. The demand for water-based adhesive tapes will rise during the forecast period owing to its growing usage in the food and beverage industry, as it provides flexibility, better shelf life and UV resistance. In addition, the high heat and water resistance that these tapes offer further increases their demand in the food processing domain. Moreover, as these tapes offer a cost-effective solution to packaging, they are increasingly used in the retail and eCommerce domain, surging the demand for water-based tapes furthermore. The Asia Pacific region will show many growing opportunities due to growing food and beverage industry and the penetration of eCommerce industry in budding economies like India, China, and Japan, among others.
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 Water-Based 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 tesa SE, Scapa Group, Intertape Polymer Group, and GERGONNE (A part of GERGONNE Group), among others.
Water-Based adhesive tape market has been segmented on the basis of product type, end-user industry and geography as follows:
By Product Type
Commodity Adhesive Tapes
Specialty Adhesive Tapes
By End User Industry
Food and Beverages
Travel and Transportation/Logistics
Middle East and Africa
Key insights offered
What will be the water-based adhesive tape market size from 2017 to 2023?
How are the major drivers and restraints affecting the water-based 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.