Filament Tapes Market Expansion Outlook: $6.91 Billion by 2029 Forecast
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#What Is The Projected Market Size Of The Filament Tapes Market By 2029?
The market size for filament tapes has experienced robust growth in recent years. It is projected to increase from $4.95 billion in 2024 to $5.27 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. This historic growth is largely due to factors such as the expansion of the packaging industry, post-war industrialization, the transition towards plastic packaging, the emergence of e-commerce, and its heightened use in securing heavy goods.
The filament tapes market is projected to experience substantial expansion over the upcoming years. By 2029, its valuation is anticipated to reach $6.91 billion, demonstrating a compound annual growth rate (CAGR) of 7.0%. This expansion during the projection period is primarily driven by a greater inclination towards lightweight packaging, an increase in packaged consumer goods, an escalating emphasis on eco-friendly packaging solutions, wider adoption in the healthcare sector, and heightened industrial operations. Key developments expected during this timeframe encompass improved adhesive technologies, the incorporation of intelligent technologies, advancements in production methods, automated application processes, and more effective online marketing approaches.
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Which Factors And Drivers Are Influencing The Filament Tapes Market In 2025?
The filament tapes market is anticipated to expand due to the rising need for high-performance packaging. This type of packaging refers to solutions designed to provide superior product protection, enhanced durability, and improved functionality. The surge in demand for high-performance packaging stems from heightened consumer expectations regarding product safety and sustainability, coupled with more stringent regulatory benchmarks across various sectors. Filament tapes are particularly useful in high-performance packaging because of their robust adhesive qualities and strengthened fibers, which contribute to superior tensile strength and enduring durability. As an illustration, in June 2024, Dezan Shira & Associates, a multi-disciplinary professional services firm based in China, projected that plastic packaging in Vietnam would increase from 10.07 million tons in 2023 to 15.09 million tons by 2028. Consequently, the growing requirement for high-performance packaging is fueling the expansion of the filament tape market.
How Is The Filament Tapes Market Segmented?
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
Which Key Trends Are Expected To Influence The Filament Tapes Market In The Coming Years?
Leading companies in the filament tapes market are concentrating on developing innovative solutions like biobased and solvent-free adhesives to lessen their environmental footprint and meet the increasing consumer demand for sustainable products. These biobased and solvent-free adhesives serve as environmentally friendly alternatives, derived from renewable resources and free of harmful chemicals, offering sustainable bonding solutions with reduced ecological impact. For example, in June 2023, Lohmann GmbH & Co. KG, a Germany-based manufacturer of adhesive tape systems, launched the DuploCOLL ECO adhesive tape portfolio, featuring biobased and solvent-free adhesives crafted to enhance sustainability in adhesive applications. This advanced range includes various tape types, such as transfer and double-sided scrim tapes, all produced utilizing Lohmann’s 100% solvent-free TwinMelt technology, which decreases energy consumption and CO2 emissions. With 50% biobased materials and recyclable liner systems, the ECO portfolio supports circular economy initiatives while providing dependable adhesion to diverse substrates, including recycled materials.
Which Leading Companies Dominate The Filament Tapes Market Share?
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
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How Does The Filament Tapes Market Perform Across Key Geographic Regions?
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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