The market for self-adhesive tear tapes is anticipated to reach US$ 292.3 Million by 2029, at a CAGR of 4.7% from 2022 to 2029, from an estimated US$ 211.7 Million in 2022.
As per FMI, the self-adhesive tear tapes market income was US$ 202.2 Mn in 2021. The general self-adhesive tear tapes market is supposed to grow 1.4 times the ongoing market esteem toward the finish of 2029. The interest for Polypropylene (PP) self-adhesive tear tapes will advance with the best 5 suppliers holding 25-35% of the self-adhesive tear tapes market in 2021.
Self-adhesive Tear Tapes Market is supposed to arrive at US$ 211.7 Mn in 2022, liable to flood at a lively 4.7% CAGR during the evaluation time frame. The worldwide self-adhesive tear tapes market comprised around 4% of the worldwide bundling tapes market worth US$ 5.1 Bn in 2021.
The self-adhesive tear tapes market experienced vertical development in 2021 with incomes up 4.5% year over year. The examination by FMI gauges that the self-adhesive tear tapes market will encounter a positive development somewhere in the range of 2022 and 2029 alongside setting out a steady freedom of US$ 90.1 Mn during 2022-2029.
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Tier-1 Players to Hold Prominent Market Share in the Global Market
Europe region is anticipated to witness a significant chunk of the total market share owing to the presence of well-established market players operating in the such as Essentra Plc, Tann Germany GmbH, and tesa SE, among others. However, the presence of many local and unorganized market players in the Asian countries such as China and ASEAN countries are emerging and are expected to contribute significantly in the global self-adhesive tear tapes market.
Food Industry to Fillip the Demand for Self-adhesive Tear Tapes
The global market for self-adhesive tear tapes has been segmented based on the width of self-adhesive tear tapes, material, various end-use industries, and regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
- By width, the self-adhesive tear tapes market has been segmented into: Up to 2.5 mm, 2.6 mm to 5.0 mm, and above 5.0 mm. 2.6 mm to 5.0 mm is estimated to hold prominent market value share in the global self-adhesive tear tapes market due to standardized application in the tobacco packaging industry.
- On the basis of material, polypropylene is the preferred material in manufacturing self-adhesive tear tapes, with MOPP sub-segment expected to account for ~ 2/5 of the total market share by polypropylene segment during the forecast period.
- Based on end use, the global self-adhesive tear tapes market has been segmented as: food, tobacco, pharmaceutical, personal care & cosmetics, electrical & electronics, and other industries including agriculture. The food & beverages end-use segment is projected to expand at an above average value CAGR during the forecast period.
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Self-adhesive Tear Tapes Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as market leaders in the global self-adhesive tear tapes market. The key players in the global self-adhesive tear tapes market are
- DS Smith Plc.,
- Bagla Group,
- H.B. Fuller Company,
- 3M Company,
- tesa SE,
- Wavelock Advanced Technology Co., Ltd,
- Marotech Inc.,
- Tann Germany GmbH,
- Essentra Plc.,
- NADCO Tapes & Labels, Inc.,
- Uyumplast Ambalaj San.tic.ltd.Şti,
- NOWOFOL Kunststoffprodukte GmbH & Co. KG,
- AEC Group, and
- Western Paper Industries (Pvt) Ltd.
The global self-adhesive tear tapes market is significantly consolidated with tier-1 players operating in the global self-adhesive tear tapes market such as Essentra Plc, Tann Germany GmbH, and 3M Company holding a prominent share of the market. There are relatively less number of manufacturers operating in the self-adhesive tear tapes market.
What Was The Impact Of Covid-19 On The Self-Adhesive Tear Tapes Market?
The self-adhesive tear tapes market experienced a downfall in demand during the Covid-19 pandemic on the back of the factors such as an improper supply of raw material, closure of various end use industries, trade restriction by the government, interrupted supply chain, and others.
The reduced demand for various packaging solutions among the end use industries had an adverse impact on the self-adhesive tear tapes market during the pandemic.
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Later, in the beginning of 2021 with the situation trying to get normal along with the reduction in various government restrictions, the end use industries slowly started to operate with their full efficiency trying to cover the met losses.
The end use manufacturers focused on increasing their production capacity as well as presence to cover the losses which showed a positive impact on the self-adhesive tear tapes market. Also, the self-adhesive tear tapes manufacturers focused on offering the product as per the requirement of the end use industries along with the customized width & length & features which create growth opportunities for the self-adhesive tear tapes market.
Overall, the self-adhesive tear tapes market is forecasted to experience a rise in demand during the forecasted period.
Self-Adhesive Tear Tapes Market By Category
By Width :
- Up to 2.5 mm
- 2.6 mm to 5.0 mm
- Above 5.0 mm
By Material Type :
- Polypropylene (PP)
- Biaxially Oriented Polypropylene (BOPP)
- Cast Polypropylene (CPP)
- Mono Oriented Polypropylene (MOPP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Others
By End Use :
- Food
- Tobacco
- Pharmaceuticals
- Personal Care & Cosmetics
- Electrical & Electronics
- Others (Agriculture, Logistics, etc.)
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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