Pressure Sensitive Tapes & Labels Market size to surpass $175Bn by 2032

Pressure Sensitive Tapes & Labels Market size value is expected to be worth USD 175 billion by 2032, as per a recent research report announced by Global Market Insights Inc.
 

Growth of the global food and beverage sector is one of the prominent factors supporting the expansion of pressure-sensitive adhesive tapes & label manufacturer base, the report claims. With health concerns rising among consumers, food and beverage manufacturers have been placing more importance on food nutrition and the preservation of packaged foods. Since high-grade packaging techniques can minimize food contamination risks and extend the shelf life, food producers are becoming increasingly reliant on pressure-sensitive tapes and labels to maintain product integrity.
 

Focus on logistical efficiency to augment use of pressure-sensitive PVC tapes & labels

Pressure sensitive tapes & labels market share from PVC backing material is set to depict over 6% CAGR through 2032, owing to water resistance, durability, high strength, user-friendliness, and other product attributes. PVC has been gaining preference over duct tape and other alternatives in applications where durable and thick custom packaging tapes are required, such as shipping heavy or large supplies. The report reveals that the continued dependence on logistics for trade development, even during economical setbacks such as the COVID-19 crisis, will bolster the adoption of PVC tapes and labels.
 

Environmental resistance & adhesion features to fuel double-sided tapes & label production

Pressure sensitive tapes & labels industry value from double-sided adhesion segment will be worth over USD 24 billion by 2032, on account of their low costs and uses in varied non-structural applications. These key features make double-sided PSA solutions ideal for vibration dampening, gap filling, temporary and permanent bonding, shock absorption, mounting, and thermal sealing, among other uses. Additionally, doubled-coated tapes offer excellent environmental resistance and high adhesion to low surface energy materials, further boosting product consumption in automotive and other end-use applications.
 

Pressure-sensitive adhesive tapes gain traction in load-bearing applications

Pressure sensitive tapes & labels market size from tapes product segment was valued at over USD 72 billion in 2022. Unlike other tapes that require heat, solvent, or water to activate the adhesive, pressure-sensitive tapes require less pressure to adhere to surfaces. Due to their load-bearing and strong bonding properties, engineers have been extensively relying on these adhesive tapes for various purposes. As adhesive technology continues to advance, engineers, scientists, and everyday consumers are finding this tape easier to use than traditional fastening solutions. Factors such as these are, in turn, likely to support the growth of global pressure-sensitive tape manufacturers.
 

Browse key industry insights spread across 369 pages with 405 market data tables and 22 figures & charts from the report “Pressure Sensitive Tapes & Labels Market Size, Share and Industry Analysis Report by Backing Material (Polypropylene, Polyvinyl Chloride, Paper, Cloth), By Adhesion (Single Sided, Double Sided, Adhesive Transfer), Product (Tapes, Labels [Linered {Barcode, Others}, Linerless {Barcode, Others}]) and End-user (Food & Beverages, Healthcare, Logistics, Automotive & Transportation, General Manufacturing), Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pressure-sensitive-tapes-and-labels-market
 

Packed food and beverage consumption drives pressure-sensitive tapes & label production

Pressure sensitive tapes & labels market size from food and beverage end-user segment is anticipated to cross USD 51 billion by 2032. This is a result of the strong consumer emphasis on health and wellness and the growing intake of packed food products, especially in developing nations. Based on a report from the Government of Canada, in 2020, retail sales of packaged foods in China totaled USD 284 billion. These factors will lead to the extensive usage of tapes and labels in the packaging of processed foods and beverages.
 

North America to emerge as a key hub for pressure-sensitive tapes and label production

North American pressure sensitive tapes & labels market will exhibit over 6% CAGR through 2032, considering the rapid expansion of the food and beverage and packaging businesses in the region. These trends are emerging due to changing consumer preferences for foods, security issues and costs, convenience, and improved lifestyle. The report further states that the mounting consumer spending on new vehicles will also stimulate the use of tapes and labels in automotive applications, strengthening the regional market outlook.
 

Product line extension strategies to reinforce the industry landscape

Strategic landscape of the pressure sensitive tapes & labels market consists of companies such as Dewal Industries, LLC, Scapa Group Plc., American Biltrite Inc., Gaska Tapes Inc., Mactac Americas, LLC., LINTEC Corporation, UPM-Kymmene Oyj (UPM Raflatac), and Fuji Seal International, Inc., among others. These firms are focusing on product line expansions and other initiatives to increase their foothold in the global industry.