The Global Adhesive Tapes Market is driven by Growth in Ecommerce Industry
The adhesive tapes market includes a wide range of tape products that are used for different industrial and commercial applications. Adhesive tapes are made up of backing materials like paper, plastic films and fabrics. An adhesive layer is applied on one side of the backing material to provide adhesion with different surfaces. Adhesive tapes are available in multiple formats including rolls, bulk and predefined width or shapes. They find applications in packaging, electrical & electronics, healthcare, white goods, automotive industry and other general purpose applications.
The Global adhesive tapes market is estimated to be valued at US$ 62239.95 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.
Key Takeaways
The market dominance of these players can be attributed to factors such as global presence, diverse product portfolio and continuous efforts in R&D. The increasing e-commerce industry and online food deliveries are also driving the demand for Adhesive Tapes Market Size significantly across the globe.
Key players operating in the Adhesive Tapes Market includes Swiggy, Zomato, Deliveroo, Uber Eats, DoorDash, Grubhub, Just Eat Takeaway.com, Gojek and GrabFoodpanda.
The growing demand in the packaging industry for secure packaging of different products is propelling the growth of the adhesive tapes market. Adhesive tapes find wide application in packaging of consumer goods, industrial packages, food items and other products. In addition, factors like growing urbanization accompanied with rising disposable incomes are fueling the demand for packaged goods. This acts as a major driver for adhesive tapes consumption globally.
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