In 2023, the projected revenue for the global Unsupported Single Coated Tape Market stands at US$ 7.1 billion. Suppliers in the unsupported single coated tape industry are anticipated to experience a steady Compound Annual Growth Rate (CAGR) of 3.5% throughout the next decade, leading to an expected valuation of US$ 10.9 billion by 2033.
The United Kingdom is poised to witness a significant expansion in the sales of unsupported single coated tape with a projected Compound Annual Growth Rate (CAGR) of 4.1% through 2033. This growth rate surpasses that of other European nations, such as Germany, Italy, and France, where CAGRs are estimated at 2.1%, 3.2%, and 3.5%, respectively, during the forecast period. However, the rosy picture for unsupported single coated tape in the United Kingdom is overshadowed by new legislation governing the use of adhesive tapes.
The introduction of these adhesive tape-related regulations poses a challenge to the prospects of unsupported single coated tape in the region. To ensure a robust future, adhesive tape organizations must adapt and align their business models with these evolving legal requirements. Companies, both large and small, that proactively integrate regulatory compliance into their product development, procurement, and sustainable practices are expected to thrive in the unsupported single coated tape industry. By prioritizing compliance and sustainability, these businesses can not only navigate legal challenges but also tap into a growing market demand for adhesive tapes that meet evolving standards, ensuring long-term success in the sector.
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North America is set to generate the largest unsupported single coated tape market share in the upcoming years. The presence of a well-developed healthcare infrastructure in developed countries, such as Canada and the U.S. is estimated to augur well for the market.
The increasing usage of adhesive tape bandages in moist skin, as well as at-risk or fragile skin environments is a crucial factor that is expected to drive the market. The ability of these tapes to enable the outside air to reach and penetrate the underlying skin or dressing and creating a breathable solution is also likely to aid the growth in North America.
Key Unsupported Single Coated Tape Market Takeaways and Projections
- The U.S. is expected to lead the North america unsupported single coated tape market, projecting the fastest growth in the region between 2022 and 2032.
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of unsupported single coated tape market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global unsupported single coated tape market. Some of the prominent market players are
- Arkema (Bostik),
- 3M,
- Nitto Denko,
- Scapa,
- Avery Dennison,
- Syntac Coated Products,
- Intertape Polymer,
- Adhesives Research,
- Berry Plastics,
- Cantech,
- American Biltrite,
- Shurtape Technologies,
- Essentra,
- Adhesive Applications,
- Mactac,
- Main Tape,
- tesa SE,
- DYNAREX,
- DeWAL Industries,
- Medline Medical,
- Lamart Corp.,
- McKesson,
- Johnson & Johnson,
- Cardinal Health,
- Worthen Industries,
- Coroplast Tape Corporation,
- CCT Tapes.
Key Trends Spotted in the Unsupported Single Coated Tape Market
- Technological Advancements: Continuous innovation in tape technology is enabling the development of tapes with superior adhesion, durability, and performance characteristics. These advancements are enhancing the utility of unsupported single coated tapes in various industries.
- Eco-Friendly Solutions: Growing environmental awareness is driving the demand for eco-friendly tape options. Manufacturers are exploring sustainable materials and adhesive solutions, responding to the market’s increasing emphasis on eco-conscious products.
- Customization and Specialization: There is a rising need for specialized tapes tailored to specific applications, such as automotive, aerospace, and medical industries. Customized solutions are gaining traction as they offer precise and effective solutions to industry-specific challenges.
- Digital Transformation: The adoption of digital technologies in the manufacturing process is streamlining production, quality control, and supply chain management. This digital transformation is improving overall efficiency and the ability to meet diverse customer demands.
- Regulatory Compliance: Adhesive tape manufacturers are increasingly focused on ensuring their products meet industry-specific and international regulations, particularly in sectors like healthcare and electronics.
- Market Expansion: Supported by rapid industrialization and infrastructure development in emerging economies, the global tape market is witnessing considerable expansion, leading to increased demand for unsupported single coated tapes.
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Key Segments Profiled in the Unsupported Single Coated Tape Industry Survey
By Product Type:
- Ordinary Tape
- Specialty Pressure Sensitive Tape
By Application:
- Aerospace
- Medical
- Retail/Graphics
- Building/Construction
- Paper/Printing
- Hygiene
- White Goods
- Automotive
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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