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Pressure Sensitive Tapes & Labels Market Size
- Report ID: GMI383
- Published Date: Dec 2022
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pressure Sensitive Tapes & Labels 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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Frequently Asked Questions (FAQ) :
Pressure Sensitive Tapes & Labels Market Scope
