Global Flat Back Tape Market, By Adhesive Type (Acrylic, Silicon, Rubber, Others), Product Type (Single Side, Double Side), Thickness (< 5 Mil, 5 Mil to 10 Mil, >10 Mil), Application (Packaging, Splicing, Binding, Masking, Tabbing, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In last few years, the use of flat back tapes as pressure-sensitive paper tape, or kraft paper tape which has contributed towards its use in the shipping and logistics and electrical and electronics industries among others. Because of their quick tack and strong holding power properties, flat back tapes are used for numerous purposes, without the fear of damaging any surface. Progressively increasing construction sector has been at the fore of the growing flat back tapes sales.
Data Bridge Market Research analyses that the flat back tape market was valued at USD 1.03 billion in 2021 and is expected to reach USD 1.63 billion by 2029, registering a CAGR of 5.90 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Adhesive Type (Acrylic, Silicon, Rubber, Others), Product Type (Single Side, Double Side), Thickness (< 5 Mil, 5 Mil to 10 Mil, >10 Mil), Application (Packaging, Splicing, Binding, Masking, Tabbing, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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3M (U.S.), Intertapes Polymer Group (Canada), Shurtape Technologies, LLC (U.S.), Tesa Tapes (India) Private Limited (India), Nitto Denko Corporation (Japan), Ahlstrom-Munksjö Oyj (Finland), Saint-Gobain (France), EMCOR Group Inc. (U.S.), Berry global Inc. (U.S.), Cintas Corporation (U.S.), Scapa Group Ltd (U.K.), Advance Tapes International (U.K.), Bolex International (U.S.), PPI Adhesive Products Ltd (Ireland), PPM Industries SpA (Italy), CCT (Coating & Converting Technologies, LLC) (U.S.), Avery Dennison Corporation (U.S.), TOYOCHEM Co. Ltd. (Japan), UltraTape (U.S.), Green Belting Industries (Canada)
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Market Opportunities
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Market Definition
The flat back Tape is mainly designed for superior performance in a variety of splicing, packag
ing and tabbing applications. It provides a rapid positive seal under an extensive range of humidity and temperature conditions. These tapes are commonly used for splicing, holding and masking applications. Flat back tape provides aggressive adhesion.
Flat Back Tape Market Dynamics
Drivers
- Increase in demand due to unique features
The flat back tapes have massive demand in the market because it provides versatile features such as solvent and thinner resistance, easy curving, high tensile strength and absolute residue removal. These tapes are also industrial tapes because it is capable to sustain in outdoor applications, especially in logistics and construction industries which further increase the popularity and adoption of flat back tape among the end users.
- Growing demand for sustainable solution
Flat back tapes are made from paper material that is highly recyclable and biodegradable. The increasing intolerance towards plastic is increasing the demand of flat back tapes. Thereby, implementing government regulations pertaining to environment friendliness, plastic usage and waste dumping in manufacturing industries and other industries is influencing the consumers to choose paper backed tapes such as flat back tapes. The rising demand for paper-based flat back tape is expected to drive the market's revenue growth.
Opportunities
- Rising demand in packaging sector
With the advancements in technology, several industries are coming up with different packaging materials and packaging solutions in the market. The packaging industry has developed at the fastest rate in the last few years. The improving business of the packaging industry is generating the immense opportunities for building the business of different types of packaging materials which are expected to create beneficial opportunity for the flat back tape market.
Moreover, the increasing application scope from several end user industries such as medical devices, aerospace, building and construction, consumer electronics, automotive, and manufacturing will flourish many opportunities for the growth of the flat back tape market during forecast period.
Restraints/ Challenges
- Improving packaging business
The improving business of the packaging sector has created immense pressure on the flat back tape manufacturers to fulfil the ongoing demand of the product, leading to the challenge of the growth of the flat back tape market in recent years.
- Presence of alternatives
Now, the companies are coming up with different types of masking, splicing, tabbing, and sealing tapes which becoming major restraint for the growth of the flat back tape market. Also, the presence of product alternative is the main limitation towards the growth of the flat back tape market during the forecast period.
This flat back tape market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flat back tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Flat Back Tape Market
During COVID-19 pandemic, the automotive industry struggled to survive. The pandemic has mixed impact on the growth of the flat back tapes market, as some industries such as automotive, building and construction which have seen negative demand. In contrast, food industry has observed the colossal demand for flat back tapes in the market. The flat back tapes are mainly used for essential packaging products that need secure and safe packaging due to which the sales of flat back tapes are expected to fuel during the forecast period.
Recent Development
- In March 2021, Intertape Polymer Group Inc. extended its capstone facility in India to cater to the Indian market.
- In April 2021, Tesa S.E. Group announced bio-based materials for their adhesive taps. This company’s new package tapes containing the tesapack® Paper Standard and EcoLogo: tesapack® Bio & Strong.
- In October 2021, Ahlstrom-Munksjö company launched a dedicated product range MasterTape™ Pack, a sustainable backing solutions tape. This tapes are offered in a wide variety of saturation base papers with different mechanical properties
Global Flat Back Tape Market Scope
The flat back tape market is segmented on the basis of adhesive type, product type, thickness, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Adhesive Type
- Acrylic
- Silicon
- Rubber
- Others
Product Type
- Single Side
- Double Side
Thickness
- < 5 Mil
- 5 Mil to 10 Mil
- >10 Mil
Application
- Packaging
- Splicing
- Binding
- Masking
- Tabbing
- Others
Flat Back Tape Market Regional Analysis/Insights
The flat back tape market is analysed and market size insights and trends are provided by country, adhesive type, product type, thickness, and application as referenced above.
The countries covered in the flat back tape market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the flat back tape market in terms of revenue during the forecast period. This is due to the increasing demand for flat back tape in this region. The Asia-Pacific region rules the flat back tape market, with China leading the way in terms of increasing automobile and electronic sector demand in this region.
During the estimated period, Europe is anticipated to be the fastest developing region due to the penetration of the many industrial sector coupled with augmented the usage of semiconductor equipment in the manufacturing sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flat Back Tape Market Share Analysis
The flat back tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flat back tape market.
Some of the major players operating in the flat back tape market are:
- 3M (U.S.)
- Intertapes Polymer Group (Canada)
- Shurtape Technologies, LLC (U.S.)
- TesaTapes (India) Private Limited (India)
- Nitto Denko Corporation (Japan)
- Ahlstrom-Munksjö Oyj (Finland)
- Saint-Gobain (France)
- EMCOR Group Inc. (U.S.)
- Berry global Inc. (U.S.)
- Cintas Corporation (U.S.)
- Scapa Group Ltd (U.K.)
- Advance Tapes International (U.K.)
- Bolex International (U.S.)
- PPI Adhesive Products Ltd (Ireland)
- PPM Industries SpA (Italy)
- CCT (Coating & Converting Technologies, LLC) (U.S.)
- Avery Dennison Corporation (U.S.)
- TOYOCHEM Co. Ltd. (Japan)
- UltraTape (U.S.)
- Green Belting Industries (Canada)
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