Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 3.87 Billion |
| USD 7.22 Billion | |
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Global Filament Tapes Market, By Filament Type (Single Sided Tapes, Double Sided Tapes), Backing Adhesive Type (Plastic Film, Paper, Fabric, Foam), Adhesive Type (Rubber Based, Acrylic Based, Hot Melt Adhesive), Width (12 mm, 18 mm, 24 mm, 36 mm, 48 mm, 72 mm, 96 mm), Application (Bundling, Strapping, Insulation, Carton Sealing, Sealing, Others), End Use (Shipping and Logistics, Building and Construction, Food and Beverages, Electrical and Electronics, Automotive, Healthcare and Hygiene, Printing, Metalworking, Oil and Gas, General Industrial, Consumer Goods, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the forecast period, the market for filament tapes is expected to accelerate due to its popularity due to its ability to provide lightweight packaging solutions for various end-user industries. Additionally, an increase in the introduction of improved filament tapes is also anticipated to fuel market expansion. For instance, Tesa SE introduced a new line of premium filament tapes with fiberglass reinforcements in October 2018. When conventional strapping tapes are unable to endure extremely large loads, severe degrees of abrasion, or high shear forces, the new filament tapes offer durability.
Global filament tapes market was valued at USD 3.87 billion in 2021 and is expected to reach USD 7.22 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Filament Type (Single Sided Tapes, Double Sided Tapes), Backing Adhesive Type (Plastic Film, Paper, Fabric, Foam), Adhesive Type (Rubber Based, Acrylic Based, Hot Melt Adhesive), Width (12 mm, 18 mm, 24 mm, 36 mm, 48 mm, 72 mm, 96 mm), Application (Bundling, Strapping, Insulation, Carton Sealing, Sealing, Others), End Use (Shipping and Logistics, Building and Construction, Food and Beverages, Electrical and Electronics, Automotive, Healthcare and Hygiene, Printing, Metalworking, Oil and Gas, General Industrial, Consumer Goods, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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3M (U.S), Nippon Industries (Japan), Gripking Tapes India Pvt. Ltd., (India), PPM Industries SpA (Italy), PIONEER CORPORATION (Japan), Szxinst (China), Ajit Industries Pvt. Ltd. (India), Nitto Denko Corporation (Japan), Tesa Tapes (Germany), AVERY DENNISON CORPORATION (U.S.), Scapa (U.K.), Lohmann GmbH & Co. Kg (Germany), Mactac, LLC (U.S.), JTAPE LTD. (U.K.), Decofix Papers & Tapes (India), LINTEC Corporation (Japan), Shurtape Technologies, LLC (U.S.), Tape India (India) and VITS TECHNOLOGY GMBH (Germany)
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Market Opportunities
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Market Definition
Filament tapes are typically utilized as packing adhesive to seal the heavy-duty boxes or other materials. The watertight and chemical-resistance of the filament tapes make them perfect for sealing hazardous items, wrapping pipeline and cable, securing weak plastics, and moving heavy things and reinforcing plastic components. There are three grades of products: low, medium, and high.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The filament tapes are employed for indoor and outdoor applications due to their superior stress strength over glue or twine. The customer base anticipated that the market expansion of filament tapes with multiple uses, easy removal, and convenient application would be supported. Additionally, the filament tapes are used in heavy packaging due to their strength and tear resistance, and are thus appropriate for use in the automobile, FMCG, building, and construction industries. The marine and logistics industries use filaments as a result of the rise of the filament industry because brand owners and service providers opt to bundle and consolidate the filament tape to enable bulk transit.
The developing automotive industry increases the demand for filament tape. Since manufacturers are paying more attention to brake and engine noise reduction and are using contemporary thermoplastics and vinyl as vibratory damping materials, it is predicted that these factors will cause the growth of the gasoline market. These motors employ this dampening substance and high-power filament tapes. It is anticipated that the use of filament tape will encourage its commercial development.
Furthermore, the rising usages of tapes in heavy packaging and easy availability of raw material will further propel the growth rate of filament tapes market. The growth of the e-commerce and industrial growth for FMCG will drive market value growth. The rising number of infrastructure development projects and rapid urbanization are other market growth determinants.
Opportunities
The increasing adoption of advanced technology such as acrylic adhesive by the market players extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing adoption of eco-friendly production processes for developing these tapes will further expand the future growth of the filament tapes market.
Restraints/Challenges
The raw materials used for manufacturing these tapes have fluctuations associated with their cost. This will create hindrances for the growth of the filament tapes market.
The various stringent government laws and regulations on filament tape will prove to be a demerit for the filament tapes market. Therefore, this will challenge the filament tapes market growth rate.
This filament tapes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the filament tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The recent outbreak of coronavirus had a positive influence on the filament tapes market. The market for filament tapes has benefited from the arrival of the COVID-19 global pandemic. The market for filament tapes is anticipated to increase because to the rapid development of e-commerce. The primary application of filament tapes was for carton screening, then for isolation and bundling.
However, pandemic has disrupted the supply and distribution system, causing countries to enact lock-down. The change in commercial and sales activity affected the final product. There is a gap between supply and demand as a result of the closure of hypermarkets and convenience stores. As the FMCG and e-commerce sectors expand, strong packaging is needed for cartons being transported to prevent damage. The emergence of COVID-19 has had significant effects on other industries, including the automotive and consumer goods industries, thus the market CAGR would be quite low as compared to its prior year.
Recent Development
The filament tapes market is segmented on the basis of filament type, backing adhesive type, adhesive type, width, end-use, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Filament Type
Backing Adhesive Type
Adhesive Type
Width
Application
End Use
The filament tapes market is analyzed and market size insights and trends are provided by country, filament type, backing adhesive type, adhesive type, width, end-use, and application as referenced above.
The countries covered in the filament tapes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the filament tapes market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising demand for biodegradable pressure sensitive adhesive due to its eco-friendly qualities within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the simple accessibility of labor and raw materials at reasonable prices, as well as the rising levels of investment in the form of foreign direct investment by the leading manufacturers across the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The filament tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to filament tapes market.
Some of the major players operating in the filament tapes market are
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Filament Tapes Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Filament Tapes Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.