Market Research Report
Paper Adhesive Tape Market - Forecasts from 2022 to 2027
|Paper Adhesive Tape Market - Forecasts from 2022 to 2027|
Published: March 28, 2022
Knowledge Sourcing Intelligence
Content info: 126 Pages
Delivery time: 1-2 business days
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 growth is attributed to the increasing demand for paper adhesive tapes in packaging, house appliances, automotive, electronics, healthcare, construction, retail, and many others. Paper adhesive tapes are preferred in a variety of applications due to their eco-friendliness. Applying the adhesive tape offers protection and value to the products or any article. Adhesive tapes are used in construction, automotive, and markings made on roads, and are also used as a surface protection tool. They are also preferred due to their unique features of being pressure-sensitive, flexible, and efficient. The raw materials used for the manufacturing of adhesive tape are acrylic, rubber, silicone, paper, polypropylene, polyvinyl chloride, release liners, and adhesives. The paper adhesive tape enhances the lifespan of the products. Paper adhesive tapes are preferred in a variety of applications due to their eco-friendliness. Adhesive tapes eliminate the time consumption that it takes for the mechanical assembling methods and are preferred by most consumers as they reduce the noise and vibrations.
The paper adhesive tapes are available with crape, kraft, or any type of recyclable paper coating adhesive. They are made of crepe paper with a rubber adhesive coating. These tapes are available in several colors. Paper adhesive tapes are heat-insulating, temperature resistant, and have great holding power. They are thin, smooth, and flexible. These properties make the paper adhesive tape suitable for applications like the manufacturing of automobiles and aircraft, appliance manufacturing, ventilation, heating and air conditioning, and paper and printing applications.
These paper adhesive tapes are used in sealing cartons to increase the life span of the content. They are used to seal folded boxes containing heavy items, as these tapes stand against humidity, and moisture. These types of adhesive tape are also used in sealing envelopes for mailing.
Whereas the automotive industry is one of the key drivers for paper adhesive tape. The rising interest by consumers in the car modification sector is one of the major driving forces for the demand for paper adhesive tape. Paper adhesive tape is applied in various car customization applications such as masking, varnishing, spray painting, sealing, and many others. Due to the strong surface protection of paper adhesive tapes and the ability to produce a clear line after the surface paint, these are the unique features of paper adhesive tapes, which is why they are preferred on a large scale by car customized consumers. According to the Speciality Equipment Marketing Association, around 32 million households worldwide make modifications to their cars or vehicles each year. Hence, developments in the car modification industry are one of the key factors fuelling the growth of the paper adhesive market worldwide.
Moreover, paper adhesive tape has been used in the construction sector for many years. The construction sector is one of the never-ending sectors with consistent growth and development. Thus, increasing investments in construction projects and infrastructure are another leading factor for the paper adhesive tape market globally.
Asia-Pacific is expected to increase its share of the paper adhesive tape market in the upcoming years. Due to the increase in construction and infrastructure projects in countries like India, China, Japan, etc., the demand for paper adhesive tape is expected to rise. For instance, the National Highways Authority of India in 2021 announced that they would work on seven national highways worth Rs. 7,040 crore and aim to be completed by the end of 2023. Such developments are predicted to boost the paper adhesive tape market in this region rapidly in upcoming years. North America is also expected to grow at a faster pace in the global paper adhesive tape market during the forecast period.
The outbreak of COVID-19 has affected many industrial sectors. The supply chain was disrupted due to the restrictions on travel. The shutdown of retail affected the offline sale of many products. The same has been experienced by the paper adhesive tape market globally. However, due to rapid growth in online distribution channels worldwide, and developments and strategies by key market players, the sale of paper adhesive tape is expected to rebound to its previous market position and is projected to grow during the forecast period.