Data Bridge Market research has recently released expansive research titled "Global Flat Back Tape Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Flat Back Tape market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Flat Back Tape market report.
Data Bridge Market Research analyses that the flat back tape market was valued at USD 1.03 billion in 2021 and is expected to reach USD 1.63 billion by 2029, registering a CAGR of 5.90 % during the forecast period of 2022 to 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.
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Market Definition
The flat back Tape is mainly designed for superior performance in a variety of splicing, packag
ing and tabbing applications. It provides a rapid positive seal under an extensive range of humidity and temperature conditions. These tapes are commonly used for splicing, holding and masking applications. Flat back tape provides aggressive adhesion.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Adhesive Type (Acrylic, Silicon, Rubber, Others), Product Type (Single Side, Double Side), Thickness (< 5 Mil, 5 Mil to 10 Mil, >10 Mil), Application (Packaging, Splicing, Binding, Masking, Tabbing, Others) |
| Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
| Market Players Covered | 3M (U.S.), Intertapes Polymer Group (Canada), Shurtape Technologies, LLC (U.S.), Tesa Tapes (India) Private Limited (India), Nitto Denko Corporation (Japan), Ahlstrom-Munksjö Oyj (Finland), Saint-Gobain (France), EMCOR Group Inc. (U.S.), Berry global Inc. (U.S.), Cintas Corporation (U.S.), Scapa Group Ltd (U.K.), Advance Tapes International (U.K.), Bolex International (U.S.), PPI Adhesive Products Ltd (Ireland), PPM Industries SpA (Italy), CCT (Coating & Converting Technologies, LLC) (U.S.), Avery Dennison Corporation (U.S.), TOYOCHEM Co. Ltd. (Japan), UltraTape (U.S.), Green Belting Industries (Canada) |
| Market Opportunities |
|
Flat Back Tape Market Dynamics
Drivers
- Increase in demand due to unique features
The flat back tapes have massive demand in the market because it provides versatile features such as solvent and thinner resistance, easy curving, high tensile strength and absolute residue removal. These tapes are also industrial tapes because it is capable to sustain in outdoor applications, especially in logistics and construction industries which further increase the popularity and adoption of flat back tape among the end users.
- Growing demand for sustainable solution
Flat back tapes are made from paper material that is highly recyclable and biodegradable. The increasing intolerance towards plastic is increasing the demand of flat back tapes. Thereby, implementing government regulations pertaining to environment friendliness, plastic usage and waste dumping in manufacturing industries and other industries is influencing the consumers to choose paper backed tapes such as flat back tapes. The rising demand for paper-based flat back tape is expected to drive the market's revenue growth.
Opportunities
- Rising demand in packaging sector
With the advancements in technology, several industries are coming up with different packaging materials and packaging solutions in the market. The packaging industry has developed at the fastest rate in the last few years. The improving business of the packaging industry is generating the immense opportunities for building the business of different types of packaging materials which are expected to create beneficial opportunity for the flat back tape market.
Moreover, the increasing application scope from several end user industries such as medical devices, aerospace, building and construction, consumer electronics, automotive, and manufacturing will flourish many opportunities for the growth of the flat back tape market during forecast period.
Restraints/ Challenges
- Improving packaging business
The improving business of the packaging sector has created immense pressure on the flat back tape manufacturers to fulfil the ongoing demand of the product, leading to the challenge of the growth of the flat back tape market in recent years.
- Presence of alternatives
Now, the companies are coming up with different types of masking, splicing, tabbing, and sealing tapes which becoming major restraint for the growth of the flat back tape market. Also, the presence of product alternative is the main limitation towards the growth of the flat back tape market during the forecast period.
This flat back tape 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 flat back tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2021, Intertape Polymer Group Inc. extended its capstone facility in India to cater to the Indian market.
- In April 2021, Tesa S.E. Group announced bio-based materials for their adhesive taps. This company’s new package tapes containing the tesapack® Paper Standard and EcoLogo: tesapack® Bio & Strong.
- In October 2021, Ahlstrom-Munksjö company launched a dedicated product range MasterTape™ Pack, a sustainable backing solutions tape. This tapes are offered in a wide variety of saturation base papers with different mechanical properties
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Flat Back Tape Market, By Region:
The flat back tape market is analysed and market size insights and trends are provided by country, adhesive type, product type, thickness, and application as referenced above.
The countries covered in the flat back tape market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the flat back tape market in terms of revenue during the forecast period. This is due to the increasing demand for flat back tape in this region. The Asia-Pacific region rules the flat back tape market, with China leading the way in terms of increasing automobile and electronic sector demand in this region.
During the estimated period, Europe is anticipated to be the fastest developing region due to the penetration of the many industrial sector coupled with augmented the usage of semiconductor equipment in the manufacturing sector in this 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.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Flat Back Tape market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Flat Back Tape Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Flat Back Tape Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Flat Back Tapein Healthcare Industry
Global Flat Back Tape Market, by Product Type
Global Flat Back Tape Market, by Modality
Global Flat Back Tape Market, by Type
Global Flat Back Tape Market, by Mode
Global Flat Back Tape Market, by End User
Global Flat Back Tape Market, by Geography
Global Flat Back Tape Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
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Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-flat-back-tape-market
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