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Pressure Sensitive Tapes & Labels Market Size
Pressure Sensitive Tapes & Labels Market size crossed USD 90 billion in 2022 and is poised to depict over 6% CAGR through 2023-2032, as a result of the rapid growth of the global packaging sector.
Pressure-sensitive adhesive tapes and labels are gaining acceptance due to ease of use and low costs over traditional fastening solutions. With the increasing versatility in packaging marketing techniques and facility expansion projects, the adoption of tapes and labels is likely to rise. For example, in May 2022, Amcor announced the expansion of its Sligo, Ireland-based healthcare packaging facility to cater to European and North American customers. Initiatives such as these will proliferate the general manufacturing of PSA tapes and labels for healthcare packaging applications.
Additionally, the use of pressure-sensitive adhesives is growing consistently among engineers, scientists, and other industrial consumers, owing to their superior load-bearing properties, making them ideal for use in applications that involve heavy weights. Environmental impacts associated with product usage may, however, hinder industry development to some extent.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 93 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 175 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 369 |
| Tables, Charts & Figures: | 426 |
| Segments covered: | Backing Material, Adhesion, Product, Product By End-user, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Pressure Sensitive Tapes & Labels Market Analysis
Pressure sensitive tapes & labels market value from paper backing materials is projected to reach over USD 33 billion by 2032. High stretchability, resistance, absorption of up to 180°C, and other key attributes are contributing to the extensive use of paper as a backing material in pressure-sensitive tapes and adhesives. Soft papers are also being commonly used in adhesive tapes for packaging or as a template for sandblasting. Moreover, the adoption of crepe paper in painter’s and masking tapes, alongside the development of high-revenue hemp-based paper will further stimulate the production of pressure-sensitive labels and tapes.
Pressure-sensitive tapes & labels market share from single-sided adhesion segment is slated to depict over 6% CAGR through 2023-2032. These products are utilized in varied industrial applications including carton sealing, masking, and electrical and medical tapes. In the consumer electronics sector, for example, specialty single-sided adhesive tapes can increase structural integrity while protecting against vibration, heat, and electrostatic discharges. Increased spending on electronic goods will therefore hasten the development of tapes and labels with single-side adhesives.
Pressure sensitive tapes & labels market size from labels product segment is projected to be valued at over USD 41 billion by 2032, owing to the rapid expansion of retail channels and the introduction of stringent mandates for packaged foods. For instance, the Food Safety and Standards Authority of India amended the Food Safety and Standards (Labeling & Display) Regulations, 2020 for the inclusion of extensive data on packaged food labels. These amendments included the definition of HFSS (High Fat, Sugar, Salt) and FOPNL (Front-of-Pack Nutrition Labeling). Such initiatives are expected to boost the use of pressure-sensitive labels to provide information including the nutritional value of food products.
Pressure sensitive tapes & labels market value from logistics end-user segment is slated to cross USD 70 billion by 2032. Flexible packaging is gaining popularity across the logistics sector, due to the constant change in consumer purchasing behavior. A shipping label is critical to both outbound and inbound logistics and can aid in the optimization of order fulfillment operations. To safeguard the labels, clear tapes are becoming a necessity across the logistics sector. The rise of e-commerce sales will therefore bolster the consumption of pressure-sensitive tapes and labels for the packaging of consumer goods.
Europe pressure sensitive tapes & labels market will register over 5.5% CAGR through 2032, on account of the growing consumption of packaged foods. With the increase in the working population, awareness about healthy lifestyles, and higher disposable incomes, the intake of packaged foods has surged across the region. Based on data from the USDA, the French food processing sector encompassed over 15,500 companies ranging from small businesses to multinationals. The robust presence of food processing facilities will amplify the demand for pressure-sensitive tapes and labels for various packaging applications in the European region.
Pressure Sensitive Tapes & Labels Market Share
The strategic landscape of the pressure-sensitive tapes & labels market is inclusive of
- Dewal Industries, LLC
- 3M Company
- Berry Global Inc.
- Avery Dennison Corporation
- American Biltrite Inc.
- Gaska Tapes Inc.
- Mactac Americas, LLC.
- LINTEC Corporation
- CCL Industries
- Coveris
- Constantia Flexibles
- Inland
- UPM-Kymmene Oyj (UPM Raflatac)
- Fuji Seal International, Inc.
These companies are focusing on new manufacturing facility expansions and other strategies to reinforce their presence in the industry.
Impact of COVID-19 Pandemic
The COVID-19 pandemic asserted unprecedented economic impacts on various industry verticals worldwide, including the automotive and logistics sectors, which are among the key end-users of pressure-sensitive tapes and labels. Import prices also rose due to higher freight rates during the crises. Despite the rising costs, the imports of processed fruits and vegetables continue to grow over recent years, especially in Europe. These factors are expected to expedite product development for food packaging applications, even in the post-pandemic era.
The pressure sensitive tapes & labels market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million meter square and revenue in USD million from 2018 to 2032 for the following segments:
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By Backing Material
- Polypropylene
- PVC
- Paper
- Cloth
- Others
By Adhesion
- Single sided
- Double sided
- Adhesive Transfer
By Product
- Tapes
- Labels
- Linered
- Barcode
- Others
- Linerless
- Barcode
- Others
- Linered
Product By End-user
- Tapes
- Labels
By End-user
- Food & beverage
- Healthcare
- Logistics
- Automotive & transportation
- General manufacturing
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
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