Filament Tapes Market
Global filament tapes market is estimated to be valued at USD 5.83 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Filament tapes, commonly known as strapping tapes, are pressure-sensitive tapes that are made up of fabric (usually polypropylene or polyester) cores that are coated with a rubber or acrylic adhesives on both sides. They are used for packing and bundling a wide variety of products for shipping and storage purposes. Filament tapes offer high tensile strength, are resistant to abrasion and moisture, and can securely wrap irregularly shaped items or bundles. Their versatility makes them suitable for logistical applications across various end-use industries like consumer goods, food and beverages, transportation and others.
Market Dynamics:
Global filament tapes market is driven by rising e-commerce activities and the focus of companies towards sustainable packaging solutions. The growth of the transportation and logistics industries has increased the demand for effective packaging tapes for load containment. Recent developments in adhesive technologies have led to the introduction of water-resistant and heat-seal filament tapes. However, stringent environmental regulations regarding plastic waste and availability of bio-based alternatives can hamper market growth. Growing construction activities in developing nations offer new revenue opportunities.
Key features of the study:
- This report provides an in-depth analysis of the global filament tapes market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global filament tapes market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 3M Company, Intertape Polymer Corp, Inc., Tesa Tape Inc., Canadian Technical Tape, Ltd., Saint-Gobain Performance Plastics, PPM INDUSTRIES S.P.A., Cosmos Tapes & Labels Private Limited, Sekisui TA Industries, LLC, Pro Tapes & Specialties Inc., Euro Tapes Pvt. Ltd., Shurtape Technologies. LLC, and Guangzhou Weasy Adhesive Products Co.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global filament tapes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global filament tapes market
Market Segmentation
Table of Contents
Browse 50 market data tables* and 40 figures* on “Filament Tapes Market” – Global forecast to 2031.
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