The high demand for splicing tapes in the paper & printing and packaging industries due to the increase in population and digitalization in many parts of the globe. Digitalization process has driven the market of online shopping which has propelled the demand for packaging and labeling. Also, paper and paperboard packaging are gaining consumer’s attraction due to their effective solutions in food & beverages, healthcare, manufacturing, personal care, and other industries which is also driving the splicing tapes market.
The size of the global market for Splicing Tapes is expected to reach US$ 968 Mn by 2032, expanding at a compound annual growth rate (CAGR) of 4.8%.
.jpg "The Splicing Tapes Market 2022-2032 (USD Million)")
The paper and printing, packing, electrical and electronics, and marking industries are the main application segments for splicing tapes. In the food and beverage, personal care, and manufacturing industries, paper and paper board packaging is widespread. The demand for splicing tapes in electrical and computer applications is rising. Extremely resistant to salt water, steam oils, detergents and contaminants, these tapes are also ideal for electrical and electronic applications. Thus, it is ideal for fixing power lines, bolted ties, repairing pipes and cell towers. A demand for splicing tapes for packaging production is expected by the global food and beverage packaging industry.
The objective of the report is to estimate the size of the water-soluble packaging market and the future growth potential of the water-soluble packaging market across different segments, such as base material, package type, antimicrobial agents, technology, end-to-end packaging, etc.
The base year considered for the analysis is 2019 and from 2018 to 2028 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the food & beverage and healthcare sectors, and increasing consumer understanding of health are the key drivers of the water-soluble packaging market in the coming years. The base year considered for the report is 2019, whereas the forecast period considered for the report is 2020 to 2028.
The adoption of silicone-based splicing tapes is increasing because of the widespread application of these tapes in the electric and electronic segment. Silicone is mainly used to modify the rheological properties of splicing tapes. It is chemically passive. non-sticky, non-flammable, non-toxic, and optically clear. Silicone-based adhesives, particularly two-sided silicone-based adhesives, are widely preferred for manufacturing tape. Due to silicone-based adhesive's efficient rheological properties, silicone protects the adhesive and restricts interaction between the paper or film and the adhesive. This increasing use of silicone adhesives in splicing tapes is expected to have a positive impact on the overall market growth.
Splicing Tapes Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 968 Mn |
| Growth Rate | CAGR of 4.8% during 2022-2032 |
| Segment Covered | By Backing Material Type, By Resin Type, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 3M Company,Windmill Tapes and Labels Ltd,Bron Tapes, Inc.,Le Mark Group,Intertape Polymer Group,Irplast S.p.A.,Shurtape Technologies |
Key Segments of the Global Splicing Tapes Market
Application type Overview (USD Million)
- Acrylic
- Rubber
- Silicone
Application Method, (USD Million)
- Paper and Printing
- Packaging
- Electronics
Regional Overview, (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Important Companies in Global water-soluble packaging market
- 3M Company
- Nitto Denko Corporation
- Avery Dennison Corporation
- Scapa Group Pl
- Tesa SE
- Intertape Polymer Group, Inc.
- Shurtape Technologies, Llc
- ECHOtape
- Orafol Europe Gmbh
- Adhesive Research, Inc.
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of splicing tapes market
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Splicing Tapes Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global splicing tapes
- Managers within the field service management industry looking to publish recent and forecasted statistics about Splicing Tapes Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Splicing Tapes Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The base year for the report is 2023 in Splicing Tapes market
Europe dominated the market for Splicing Tapes market and accounted for the largest revenue share.
The Application of the Splicing Tapes market Paper and Printing, Packaging, Electronics, Labeling