The global pressure sensitive tape market size is estimated to reach USD 83.85 billion by 2025.
Rising health concerns coupled with increased healthcare spending around the world is expected to augment the consumption of surgical tapes, athletic tapes, and medical equipment tapes over the projected period.Request a sample copy of this report: https://www.adroitmarketresearch.com/contacts/request-sample/697Expanding international trade, a strong global economy, and technological advancement in packaging solutions has increased market penetration of carton sealing tapes over the past few years.
In 2017, carton sealing tapes accounted for more than 60% of the global pressure sensitive tape market share.
Rising production of electronic & telecommunication equipment has increased market expansion of double-sided tapes over the past few years.Huge investment to strengthen manufacturing industry and untapped market in the Middle East & African countries such as Israel, South Africa, Saudi Arabia, and Turkey is expected to provide a potential opportunity for manufacturers to expand their production facilities.
However, increased manufacturing output and growing consumer electronics industry in U.S., Germany, UK, and Italy is expected to increase sales volume of carton sealing tapes over the coming years.3M, LINTEC Corporation, NICHIBAN Co., Ltd., Nitto Denko Corporation, Intertape Polymer Group, Avery Dennison Corporation, tesa SE, Shurtape Technologies, Lohmann GmbH & Co. KG and Advance Tapes International are the leading players present within the global pressure sensitive tapes market.
Global pressure sensitive tape industry is consolidated in North America.