NEW YORK, June 7, 2024 /PRNewswire/ -- The global adhesive tapes market size is estimated to grow by USD 23.89 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.23%  during the forecast period. Increasing demand from end-user industries is driving market growth, with a trend towards increased demand for eco-friendly products. However, volatility in raw material prices  poses a challenge. Key market players include 3M Co., Adhesives Research Inc., Advance Tapes International Ltd., American Biltrite Inc., Avery Dennison Corp., Beiersdorf AG, Berry Global Inc., Can Do National Tape, Coating and Converting Technologies Inc., Compagnie de Saint Gobain, Dow Chemical Co., GERGONNE INDUSTRIE, H.B. Fuller Co., Henkel AG and Co. KGaA, Intertape Polymer Group Inc., LINTEC Corp., Lohmann GmbH and Co.KG, Mativ Holdings Inc., Nitto Denko Corp., and Shurtape Technologies LLC.

Market Driver

The adhesive tapes market is witnessing a significant shift towards eco-friendly options due to increasing environmental concerns. These tapes, also known as green adhesive tapes, are made from recycled and biodegradable materials and do not contain harmful chemicals.

Major players like 3M and Tesa offer a range of eco-friendly tapes for various applications, such as Scotch Magic Eco-Friendly Tape and Tesa's ecoLogo range. The use of bio-based raw materials is a positive trend in the market, expected to grow during the forecast period. 

The adhesive tapes market is currently experiencing significant growth, driven by various sectors. Base materials used include paper, cloth, and rubber. Applications span from packaging and labeling to automotive and construction. Consumers seek products with strong adhesion, durability, and ease of use. New technologies, such as pressure-sensitive and double-sided tapes, are trending.

Additionally, eco-friendly options, like biodegradable and recycled tapes, are gaining popularity. Producers focus on cost-effective manufacturing and innovation to meet market demands. Overall, the adhesive tapes industry is thriving, offering numerous opportunities for businesses.