How Has the Filament Tapes Market Evolved Historically and What is its Current Size?
The filament tapes market has seen considerable growth due to a variety of factors.
• In recent times, the filament tapes market has seen significant growth. It is predicted to increase from $4.95 billion in 2024, to $5.32 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 7.3%.
The historic growth can be linked to the expansion of the packaging sector, industrialization post-war, the transition towards plastic packaging, the emergence of e-commerce and escalated usage in the protection of heavy goods.
What is the Forecasted Market Size and CAGR for the Filament Tapes Market?
The filament tapes market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for significant expansion in the filament tapes market in the upcoming years. The estimated growth is slated to reach $7.02 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%.
The surge in the market from the projected period can be attributed to factors such as the growing fondness for lightweight packaging materials, increased production of packed goods, a rising emphasis on eco-friendly packaging solutions, expanding usage in healthcare, and heightened industrial activities. Key future trends include advancements in adhesive technologies, the incorporation of intelligent technologies, revolutions in manufacturing processes, the automation of applications, and improved online marketing tactics.
What Key Factors and Trends Are Driving The Growth Filament Tapes Market?
The anticipated rise in the filament tapes market is propelled by the growing need for high-performance packaging. High-performance packaging offers superior product protection, resilience, and functionality by meeting consumer expectations for product safety and sustainability. It also adheres to heightened regulatory standards in various industries. Filament tapes are considered effective for high-end packaging due to their robust adhesive capabilities and strengthened fibers that ensure high tensile strength and sturdiness. For instance, Dezan Shira & Associates, a multidisciplinary professional services firm based in China, noted that by 2028, the plastic packaging in Vietnam is predicted to increase from 10.07 million tons in 2023 to 15.09 million tons. Therefore, the amplified need for high-performance packaging is fostering the expansion of the filament tape market.
What Are The Market Segments In The Filament Tapes Market?
The filament tapesmarket covered in this report is segmented –
1) By Type: Single Sided Tapes, Double Sided Tapes
2) By Adhesive Type: Rubber Based, Hot Melt Adhesive, Acrylic Based, Other Adhesive Types
3) By Material: Paper, Foam, Fabric, Polyester, Mesh Fiber Glass, Other Materials
4) By Application: Bundling, Strapping, Insulation, Carton Sealing, Sealing, Other Applications
5) By End Use: Shipping And Logistics, Building And Construction, Food And Beverages, Electrical And Electronics, Automotive, Healthcare And Hygiene, Printing, Metalworking, Oil And Gas, Other End Uses
Subsegments:
1) By Single Sided Tapes: Acrylic Adhesive Single Sided Tapes, Rubber Adhesive Single Sided Tapes, Water-Activated Single Sided Tapes, Pressure-Sensitive Single Sided Tapes, Heat-Resistant Single Sided Tapes
2) By Double Sided Tapes: Foam-Based Double Sided Tapes, Acrylic Adhesive Double Sided Tapes, Rubber Adhesive Double Sided Tapes, High-Tack Double Sided Tapes
Pre-Book The Filament Tapes Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Filament Tapes Industry?
Leading businesses involved in the filament tapes market are concentrating on creating novel technologies such as biobased and solvent-free adhesives. The objective is to minimize their ecological footprint and cater to the increasing consumer demand for eco-friendly products. Biobased and solvent-free adhesives, made from replenishable resources and devoid of detrimental chemicals, provide sustainable bonding solutions that have a lesser environmental toll. For example, in June 2023, Lohmann GmbH & Co. KG, a company from Germany specializing in adhesive tape systems, introduced the DuploCOLL ECO adhesive tape collection. This portfolio comprises biobased and solvent-free adhesives developed to amplify sustainability in adhesive applications. The innovative series consists of different tapes like transfer and double-sided scrim tapes, all fabricated using Lohmann's TwinMelt technology which is 100% solvent-free, reducing energy usage and CO2 emissions. Containing 50% biobased elements and recyclable liner systems, the ECO collection bolsters circular economic endeavors while guaranteeing dependable adhesion to a variety of surfaces, including recycled materials.
Who Are the Key Players In The Filament Tapes Market?
Major companies operating in the filament tapes market are:
• 3M Company
• Berry Global Inc.
• Crown Packaging Corp.
• Nitto Denko Corporation
• H.B. Fuller Company
• Tesa Tape Inc.
• Scapa Group plc
• Shurtape Technologies LLC
• Viraj Industries Limited
• Advance Tapes International
• Adhesive Applications Inc.
• Canadian Technical Tape Ltd.
• Guangzhou Weasy Adhesive Products Co. Ltd.
• Justia Inc.
• Ajit Industries Private Limited
• Avon Packaging Limited.
• Nippon Industries Co. Ltd.
• Shaktiman Packaging Private Limited
• Euro Tapes Private Limited
• Paragon Tapes Ltd.
• PPI Adhesive Products
• Cosmos Tapes and Labels Private Limited
• Wingtai Tape Inc.
• AVR Industries Private Limited
• Saint-Gobain Performance Plastics Corporation
What Are The Regional Insights Into The Filament Tapes Market?
North America was the largest region in the filament tapes market in 2024. The regions covered in the filament tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
