PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587866
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587866
Filament tapes market is estimated to be valued at USD 5.83 Bn in 2024 and is expected to reach USD 9.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 5.83 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.10% | 2031 Value Projection: | US$ 9.43 Bn |
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.
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.
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