While it's easy to see tape as a small piece of the industrial puzzle, this $68 billion global industry is actually experiencing explosive growth, fueled by e-commerce, manufacturing surges, and innovative new applications from automotive to aerospace.
Key Takeaways
- The global adhesive tapes market size was valued at USD 68.66 billion in 2023 and is projected to reach USD 92.23 billion by 2030, exhibiting a CAGR of 4.3% during the forecast period.
- In 2022, the Asia Pacific region accounted for 42% of the global adhesive tape market revenue, driven by rapid industrialization in China and India.
- Pressure-sensitive tapes generated USD 45.2 billion in revenue worldwide in 2023, representing 65% of the total adhesive tape market.
- Global adhesive tapes market expected to grow from USD 70.5 billion in 2024 to USD 95.2 billion by 2032 at CAGR 3.8%.
- Pressure-sensitive adhesive (PSA) tapes forecasted to expand at 5.1% CAGR from 2024-2030, reaching USD 82.3 billion.
- Asia-Pacific tape market projected to grow at 6.2% CAGR through 2028, fueled by manufacturing surge.
- Worldwide adhesive tape production reached 12.5 million metric tons in 2022.
- China produced 5.8 million tons of adhesive tapes in 2023, 46% of global total.
- U.S. tape manufacturing output was 1.2 million tons in 2022.
- Asia Pacific dominated with 45% share of global adhesive tape market in 2023.
- North America adhesive tape market held 25% global share in 2022, valued at USD 17.8 billion.
- China’s tape market size USD 28.4 billion in 2023, largest in APAC.
- Packaging sector consumed 38% of global adhesive tapes in 2023.
- Automotive industry used 22% of double-sided tapes globally in 2022.
- Electronics end-use accounted for 18% of PSA tapes market in 2023.
The global adhesive tape industry is growing steadily, driven by packaging and manufacturing needs.
Competitive Landscape
- 3M Company held 18% global market share in adhesive tapes in 2023.
- Avery Dennison generated USD 8.2 billion from tapes and labels in 2022.
- Nitto Denko’s tape division revenue USD 4.5 billion in FY2023.
- Tesa SE (Beiersdorf) 12% Europe market share in 2023.
- Intertape Polymer Group acquired by private equity, USD 1.8 billion tapes revenue 2022.
- Lintec Corporation Japan tapes sales JPY 250 billion in 2023.
- Shurtape Technologies 7% North America share in packaging tapes 2023.
- Berry Global’s tape segment USD 2.1 billion revenue 2023.
- Scapa Group (Mativ) specialty tapes 9% medical market share 2022.
- Saint-Gobain held 6% global specialty tapes share 2023.
- PPI Adhesive Products 4% North America market 2022.
- Yongle Tape China domestic leader 15% share 2023.
- 3M packaging tapes 22% U.S. market share 2023.
- H.B. Fuller adhesives for tapes USD 3.1 billion revenue 2023.
- Sekisui Chemical tapes division JPY 180 billion 2022.
- Advance Tapes UK 5% Europe industrial share 2023.
Competitive Landscape Interpretation
While the global adhesive tape industry might appear stuck together by mundane necessity, a deeper look at the billion-dollar figures and fiercely contested single-digit market shares reveals it’s actually a surprisingly cutthroat and staggeringly lucrative business where everyone is desperately trying to hold on to their piece.
End-Use Applications
- Packaging sector consumed 38% of global adhesive tapes in 2023.
- Automotive industry used 22% of double-sided tapes globally in 2022.
- Electronics end-use accounted for 18% of PSA tapes market in 2023.
- Construction applications represented 15% of industrial tapes in Europe 2022.
- Healthcare sector utilized 12% of medical tapes globally in 2023.
- E-commerce packaging drove 45% demand growth in tapes India 2023.
- Aerospace end-use for specialty tapes 5% global share 2022.
- Printing & paper sector consumed 10% masking tapes in 2023.
- Automotive end-use 25% of global tapes consumption 2023.
- Building & construction 20% share in industrial tapes 2023.
- Food & beverages packaging 14% tapes usage globally 2022.
- Retail sector 16% demand for tapes in APAC 2023.
- Electronics 21% of double-sided tapes applications 2023.
- Healthcare tapes 11% global market 2023.
- Furniture manufacturing 9% industrial tapes use 2022.
- Logistics & transportation 13% packaging tapes 2023.
End-Use Applications Interpretation
It seems the world is held together by sticky favors, with packaging, cars, and gadgets being the neediest recipients, while our homes, online shopping, and even our health all demand a reliable roll of tape to keep things from falling apart.
Growth Rates
- Global adhesive tapes market expected to grow from USD 70.5 billion in 2024 to USD 95.2 billion by 2032 at CAGR 3.8%.
- Pressure-sensitive adhesive (PSA) tapes forecasted to expand at 5.1% CAGR from 2024-2030, reaching USD 82.3 billion.
- Asia-Pacific tape market projected to grow at 6.2% CAGR through 2028, fueled by manufacturing surge.
- U.S. packaging tape market anticipated to increase at 4.5% CAGR from 2023-2030.
- Europe's double-sided tape segment to grow at 4.8% CAGR to 2030.
- Global duct tape market projected CAGR of 4.2% from 2024-2031, hitting USD 6.8 billion.
- India adhesive tape industry expected 11% CAGR till 2028 due to e-commerce.
- Masking tape market global CAGR 5.3% forecasted 2023-2030.
- Middle East & Africa tapes market to grow at 5.7% CAGR through 2027.
- Biodegradable tapes segment projected 7.2% CAGR globally to 2030.
- Global tapes market to reach USD 85 billion by 2028 at 4.5% CAGR.
- Latin America tape market CAGR 5.0% projected 2024-2030.
- Specialty tapes CAGR 6.1% globally to 2032.
- China tape market growth 7.5% CAGR through 2027.
- Medical tapes market CAGR 4.9% 2023-2030 globally.
- Packaging tapes APAC CAGR 6.8% to 2029.
- Electrical tapes market 4.7% CAGR forecast 2024-2031.
- Protective tapes Europe CAGR 5.4% through 2028.
- Foil tapes global CAGR 4.1% to 2030.
Growth Rates Interpretation
From Shanghai shipping hubs to home DIY projects, the world is being quietly but firmly held together by sticky business, as adhesive tape markets from duct to double-sided are projected to expand at a pace that proves our collective need to bind, seal, and fix things is insatiable.
Market Size
- The global adhesive tapes market size was valued at USD 68.66 billion in 2023 and is projected to reach USD 92.23 billion by 2030, exhibiting a CAGR of 4.3% during the forecast period.
- In 2022, the Asia Pacific region accounted for 42% of the global adhesive tape market revenue, driven by rapid industrialization in China and India.
- Pressure-sensitive tapes generated USD 45.2 billion in revenue worldwide in 2023, representing 65% of the total adhesive tape market.
- The U.S. adhesive tape market was valued at USD 12.4 billion in 2023, with packaging tapes contributing 35% of the total.
- Europe's adhesive tape industry reached EUR 15.8 billion in sales in 2022, led by Germany at 28% share.
- Global tape converters market size stood at USD 25.6 billion in 2023, expected to grow due to e-commerce boom.
- Double-sided tapes market was USD 8.9 billion globally in 2023, with automotive sector accounting for 22%.
- India’s adhesive tape market size hit INR 45,000 crore in FY2023, growing 12% YoY.
- Masking tapes segment valued at USD 4.7 billion worldwide in 2022.
- Industrial tapes market in Latin America reached USD 2.1 billion in 2023.
- Global adhesive tapes market size was valued at USD 68.66 billion in 2023.
- North American market for adhesive tapes reached USD 17 billion in 2023.
- Pressure sensitive tapes market USD 52.3 billion globally 2023.
- UK adhesive tape market valued at GBP 1.2 billion in 2022.
- Southeast Asia tapes market USD 4.5 billion in 2023.
- Water-activated tapes market USD 2.8 billion worldwide 2023.
- Russia adhesive tapes market RUB 150 billion in 2022.
- Filmic tapes segment USD 18.7 billion global 2023.
- Duct tape market North America USD 2.4 billion 2023.
Market Size Interpretation
The world is clearly holding itself together, one very profitable sticky strip at a time, from the packaging frenzy in the U.S. to the industrial boom in Asia, proving that even in a digital age, our most primal need might just be for a good, strong piece of tape.
Production Volumes
- Worldwide adhesive tape production reached 12.5 million metric tons in 2022.
- China produced 5.8 million tons of adhesive tapes in 2023, 46% of global total.
- U.S. tape manufacturing output was 1.2 million tons in 2022.
- Pressure-sensitive tapes production volume hit 8.3 million tons globally in 2023.
- Europe tape production stood at 2.1 million tons in 2022.
- India manufactured 450,000 tons of adhesive tapes in FY2023.
- Packaging tapes production reached 4.2 million tons worldwide in 2023.
- Double-sided tapes output was 1.1 million tons in 2022 globally.
- Brazil tape production volume 180,000 tons in 2023.
- Japan adhesive tape production 950,000 tons in fiscal 2022.
- Global production of PSA tapes 9.2 million tons in 2023.
- Germany tape production 420,000 tons annually 2022.
- South Korea produced 380,000 tons of tapes in 2023.
- Mexico adhesive tape output 250,000 tons 2022.
- Australia tapes production 85,000 tons in 2023.
- Industrial tapes global volume 3.5 million tons 2023.
- Cloth tapes production 650,000 tons worldwide 2022.
- Paper tapes output 1.8 million tons globally 2023.
- Vietnam tape manufacturing 120,000 tons in 2023.
- Thailand produced 200,000 tons adhesive tapes 2022.
Production Volumes Interpretation
While the world is frantically trying to hold itself together, China is supplying nearly half the sticky bandages, proving that global cohesion quite literally has a strong adhesive backing.
Regional Markets
- Asia Pacific dominated with 45% share of global adhesive tape market in 2023.
- North America adhesive tape market held 25% global share in 2022, valued at USD 17.8 billion.
- China’s tape market size USD 28.4 billion in 2023, largest in APAC.
- Germany leads Europe with 32% regional market share in 2023.
- India tape market grew to USD 5.6 billion in 2023, 8% of APAC.
- U.S. represents 22% of North American tape consumption in 2022.
- Japan held 15% of Asia Pacific tape market revenue in 2023.
- Brazil adhesive tapes market USD 1.8 billion in 2023, 40% of Latin America.
- Middle East tape market valued at USD 2.3 billion in 2022.
- South Korea tape industry USD 3.2 billion, 12% APAC share 2023.
- Europe held 28% global adhesive tape market share in 2023.
- Middle East & Africa 6% global tapes market 2023.
- Canada tape market USD 2.9 billion, 18% North America 2023.
- Indonesia adhesive tapes USD 1.7 billion 2023.
- France tapes market EUR 2.1 billion, 14% Europe 2022.
- Turkey regional share 8% in Europe tapes 2023.
- Argentina tapes market USD 900 million 2023.
- Saudi Arabia USD 1.2 billion tape market 2022.
Regional Markets Interpretation
While Asia Pacific tapes together nearly half the world with its sticky grip, it's China that truly holds it down as the heavyweight champion, dwarfing even entire continents’ efforts with its colossal market.
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