Pressure Sensitive Tapes & Labels Market Analysis

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.