Self-adhesive rip tape sales are anticipated to reach US$ 211.7 million in 2022 and US$ 292.3 million in 2029, respectively, at a CAGR of 4.7 percent. In 2021, the market for self-adhesive rip tapes was expected to account for 4% of the $5.1 billion worldwide packaging tapes industry.
The self-adhesive tear tapes market generated US$ 202.2 Mn in sales in 2021, according to FMI. By the end of 2029, the global market for self-adhesive tear tapes is anticipated to grow by 1.4 times its current market value. The top 5 suppliers will control 25–35% of the self-adhesive tear tapes market in 2021, driving up demand for Polypropylene (PP) self-adhesive tear tapes.
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Historic And Forecast Market Outlook For Self-Adhesive Tear Tapes
The global self-adhesive tear tapes market is estimated to expand 1.4 times the current market value during the forecast period, at the same time creating an incremental opportunity of US$ 90.1 Mn due to the increasing preference for biodegradable material among the various end use industries.
The self-adhesive tear tapes are the adhesive tapes used as an easy opening application for the various packaging formats. The self-adhesive tear tapes are preferred by various end use industries such as food, tobacco, pharmaceuticals, personal care & cosmetics, electrical & electronics, and others.
These tapes offer excellent shear resistance, high tensile strength, strong ultimate adhesion, and good initial tack which gains traction among the end use industries.
The key players operating in the self-adhesive tear tapes market are focusing on innovation by launching a sustainable solution for various applications. Also, the key players are focusing on getting recognized by offering new products under their self-adhesive tear tapes portfolio.
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Key Companies Profiled
Self-Adhesive Tear Tapes Market By Category
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Table of Content
1. Market Overview
1.1. Market Definition
1.2. Market Coverage
2. Key Market Trends
2.1. Key Trends Impacting the Market
2.2. Product Innovation / Development Trends
3. Key Success Factors
3.1. Product Adoption / Usage Analysis
3.2. Product USPs / Features
4. Global Self-adhesive Tear Tapes Market Demand Analysis 2014-2021 and Forecast, 2022-2029
4.1. Historical Market Volume (‘000 Sq. Mt.) Analysis, 2014-2021
4.2. Current and Future Market Volume (‘000 Sq. Mt.) Projections, 2022-2029
4.3. Y-o-Y Growth Trend Analysis
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