FILAMENT TAPES MARKET ANALYSIS

Filament Tapes Market, by Filament Type (Single Sided Tapes, and Double Sided Tapes), by Backing Adhesive Type (Plastic Film, Paper, Fabric, and Foam), by Adhesive Type (Rubber Based, Acrylic Based, and Hot Melt Adhesive), by Width (12mm, 18mm, 24mm, 36mm, 48mm, 72mm, and Others), By Application (Bundling, Strapping, Carton Sealing, Sealing, and Others), By End-use (Building & Construction, Food & Beverages, Electrical & Electronics, Automotive, Healthcare & Hygiene, Printing, Metalworking, Oil & Gas, General Industrial and Consumer Goods) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Jan 2021
Code : CMI3170
Pages :312
Formats :
Excel and PDF
Industry : Consumer Goods

Market Challenges And Opportunities

Drivers

Rising demand for corrugated box packaging as it gives lightweight packaging solutions for various end-user industries such as automobile, electronics, and food and beverage is projected to foster the market growth of filament tapes. Increasing introduction of advanced filament tapes is also projected to boost market growth over the forecast period. For instance, in October 2018, Tesa SE launched a new range of premium filament tapes with fiberglass reinforcements. The new filament tapes provide durability in cases where regular strapping tapes are not strong enough to withstand very heavyweight, high abrasion levels, or extreme shear force. It is suited for applications in the metal manufacturing and processing industries.

Market Restraints

Economic downturn coupled with the strict government rules and regulation on filament tape restraining the growth of market. As filament tapes are manufactured from polyvinyl chloride (PVC) and polythene material and they are hazardous in nature and are projected to hinder the market growth of the filament tapes. For instance, According to, stringent EU regulations and FDA regulations restricting the use of harmful chemical substances such as PVC have led to increased demand for environmentally sustainable products.

Market Opportunities

Expanding market of filament tapes in emerging economies due to growing demand for automobile and electronic products which include packaging is projected to offer immense growth opportunity to the market of filament tapes. Booming end-user industries across developing regions such as Brazil, Indonesia, Nigeria, and ASEAN countries is further expected to propel the market growth of filament tapes.

Rising adoption of eco-friendly manufacturing processes for developing tapes for reducing the negative impact of the process in the environment is projected to add immense growth opportunity to the market over the forecast period.

Filament Tapes Market Report Snapshots