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Comprehensive Filament Tapes Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Filament Tapes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of filament tapes has seen significant growth in the past few years. It is projected to expand from $4.95 billion in 2024 to $5.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this historic growth include the expansion of the packaging industry, industrialization post-war, a transition towards plastic packaging, the emergence of e-commerce, and a rise in its application for securing heavy goods.
Filament Tapes Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated robust expansion is foreseen in the filament tapes market in the upcoming years. The market is speculated to thrive, escalating to a worth of $6.91 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. The surge during this predictive period is likely due to the growing fondness for light packaging materials, an escalation in packaged goods, a heightened focus on eco-friendly packaging solutions, prevalent applications in the healthcare sector, and an uptick in industrial activities. The period under prediction will witness trends such as improved adhesive technology, the addition of smart technology, revolutions in manufacturing procedures, automated applications and an upgraded online marketing approach.
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What Are the Drivers Transforming the Filament Tapes Market?
The filament tapes market's expansion is anticipated to be fueled by the growing need for high-quality packaging. High-performance packaging incorporates solutions for superior product safety, resilience, and function. The call for such packaging is on the rise because of heightened consumer anticipation regarding product protection and sustainability, as well as more rigorous industrial regulations. Due to their solid adhesion properties and reinforced fibers, filament tapes are particularly useful for high-performance packaging, providing exceptional tensile strength and robustness. For example, Dezan Shira & Associates, a professional services firm based in China, predicted that plastic packaging in Vietnam would escalate from 10.07 million tons in 2023 to 15.09 million tons by 2028, in June 2024. Hence, the escalating demand for high-performance packaging is propelling the filament tape market's expansion.
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What Are the Key Trends Driving Filament Tapes Market Growth?
Major companies in the filament tapes market are prioritizing the development of innovative solutions like biobased and solvent-free adhesives, as a response to increasing consumer demands for sustainable products and a move to lower their carbon footprint. Certain adhesives developed from renewable sources are not laced with harmful chemicals, providing environmentally-friendly, sustainable bonding solutions. As an example, in June 2023, the Germany-based adhesive tape systems manufacturer, Lohmann GmbH & Co. KG, introduced DuploCOLL ECO adhesive tape portfolio made up of biobased and solvent-free adhesives structured to improve sustainability in adhesive applications. The novel range included a variety of tapes like transfer and double-sided scrim tapes, made through Lohmann's 100% solvent-free TwinMelt technology that helps to lessen energy consumption and CO2 emissions. Featuring 50% biobased materials and recyclable liner systems, ECO portfolio promotes circular economy endeavors and delivers dependable adhesion to a range of substrates, including recycled materials.
Which Segments in the Filament Tapes Market Offer the Most Profit Potential?
The filament tapesmarket covered in this report is segmented -
1) By Type: Single Sided Tapes, Double Sided Tapes
2) By Adhesive Type: Rubber Based, Hot Melt Adhesive, Acrylic Based, Other Adhesive Types
3) By Material: Paper, Foam, Fabric, Polyester, Mesh Fiber Glass, Other Materials
4) By Application: Bundling, Strapping, Insulation, Carton Sealing, Sealing, Other Applications
5) By End Use: Shipping And Logistics, Building And Construction, Food And Beverages, Electrical And Electronics, Automotive, Healthcare And Hygiene, Printing, Metalworking, Oil And Gas, Other End Uses
Subsegments:
1) By Single Sided Tapes: Acrylic Adhesive Single Sided Tapes, Rubber Adhesive Single Sided Tapes, Water-Activated Single Sided Tapes, Pressure-Sensitive Single Sided Tapes, Heat-Resistant Single Sided Tapes
2) By Double Sided Tapes: Foam-Based Double Sided Tapes, Acrylic Adhesive Double Sided Tapes, Rubber Adhesive Double Sided Tapes, High-Tack Double Sided Tapes
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Which Firms Dominate the Filament Tapes Market by Market Share and Revenue in 2025?
Major companies operating in the filament tapes market are 3M Company, Berry Global Inc., Crown Packaging Corp., Nitto Denko Corporation, H.B. Fuller Company, Tesa Tape Inc., Scapa Group plc, Shurtape Technologies LLC, Viraj Industries Limited, Advance Tapes International, Adhesive Applications Inc., Canadian Technical Tape Ltd., Guangzhou Weasy Adhesive Products Co. Ltd., Justia Inc., Ajit Industries Private Limited, Avon Packaging Limited., Nippon Industries Co. Ltd., Shaktiman Packaging Private Limited, Euro Tapes Private Limited, Paragon Tapes Ltd., PPI Adhesive Products, Cosmos Tapes and Labels Private Limited, Wingtai Tape Inc., AVR Industries Private Limited, Saint-Gobain Performance Plastics Corporation
Which Regions Offer the Highest Growth Potential in the Filament Tapes Market?
North America was the largest region in the filament tapes market in 2024. The regions covered in the filament tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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