The global filament tapes market is estimated to have a value of USD 4.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.8% between 2022 and 2026, reaching a market value of USD 6.6 billion. Filament tapes are widely used across various industries due to their high tensile strength and durability.
These tapes are commonly used for bundling, packing, and fastening large or heavy products. The market is expanding as a result of increasing demand for filament tapes in industries such as logistics, construction, and automotive. The market is expected to continue growing in the coming years, presenting significant opportunities for manufacturers and suppliers in the sector.
Filament tapes are a type of pressure-sensitive tape that contains reinforcing filaments, typically made of materials like fiberglass, polyester, or other durable materials. They are known for their high tensile strength and are used for packaging, bundling, and splicing purposes.
The growing need for packaging materials across various industries, including e-commerce, food and beverage, and healthcare, is driving the demand for filament tapes. The increasing trend of online shopping and the requirement for secure packaging have contributed to the rise in demand for filament tapes, as they are used to reinforce and seal boxes and other packaging materials.
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Furthermore, the growing focus on sustainability has led to the development of biodegradable and environmentally friendly filament tapes made from organic materials like jute and hemp. These tapes are expected to fuel the growth of reinforced adhesive tapes due to their environmental advantages.
The filament tapes market can be segmented based on geography, end-use industry, and the type of reinforcing filaments used. The market is categorized into fiberglass, polyester, and other segments based on the type of reinforcing filaments. Fiberglass filament tapes are the most commonly used type due to their high tensile strength and durability.
Based on the end-use industry, the filament tapes market is segmented into packaging, construction, automotive, and others. The packaging sector is the primary application area for filament tapes, as they are used to reinforce and seal boxes and other packaging materials. Filament tapes are also essential in the construction sector for securing pipes, wires, and other building components.
Geographically, the filament tapes market is divided into North America, Europe, Asia Pacific, and the rest of the world. North America is currently the largest market for filament tapes, followed by Europe. The presence of key players and the growing demand for packaging materials have contributed to the expansion of the filament tapes market in these regions.
The Asia Pacific region is expected to witness the highest growth in the filament tapes market. The increasing demand for packaged products and the booming construction industry in countries like China and India are driving the market growth in the region. The growing population and economic development in these countries are also significant factors contributing to the expansion of the filament tapes market in the Asia Pacific region.
Key Takeaways of Filament Tapes Market Study
- Single-sided tapes account for over 50% share of the overall filament tapes market. However, double-sided tapes are expected to register high incremental opportunity in comparison with single-sided tapes, owing to their multi-functional ability and high performance characteristics.
- Amongst the adhesive types, rubber-based and acrylic-based adhesive types would account for over 70% market share, cumulatively.
- As per FMI analysis, carton sealing is major application of filament tapes, followed by insulation and bundling. Cartons that need to be transported require sturdy packaging to prevent products from getting damaged. Due to increase in e-Commerce spending and growth of the FMCG sector, the carton sealing application is expected to remain prominent throughout the forecast period.
- Automotive and electrical & electronics industries, cumulatively, would maintain their primacy in the filament tapes market. However, due to the impact of the COVID-19 outbreak, growth is anticipated to take a dip in the near term.
- Application of filament tapes is likely to surge in shipping & logistics and food & beverages, attributable to increasing shift of customers towards essential goods.
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Competitive Landscape
The key manufacturers operating in filament tapes market are trying to focus on increasing their production capacity to meet the increasing demand for filament tapes. Moreover, the key players are increasing their product portfolio to cater for the growing filament tapes market.
- The company named 3M offers See Scotch® Filament Tapes which include continuous fibers reinforcing the carrier to make it stronger, help resist damage and stop tears from migrating across the tape.
Key Players:
- 3M Company
- Intertape Polymer Corp, Inc.,
- Tesa Tape Inc.,
- Canadian Technical Tape, Ltd.
- Saint-Gobain Performance Plastics
- PPM INDUSTRIES S.P.A.
- Cosmos Tapes & Labels Private Limited
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2023-2033.
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Filament Tapes Market by Category
By Filament Type, Filament Tapes Market is Segmented as:
- Single Sided Tapes
- Double Sided Tapes
By Backing Adhesive Type, Filament Tapes Market is Segmented as:
- Plastic Film
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polyester (PS)
- Others
- Paper
- Fabric
- Foam
By Adhesive Type, Filament Tapes Market is Segmented as:
- Rubber Based
- Natural Rubber
- Synthetic Rubber
- Acrylic Based
- Hot Melt Adhesive
By Width, Filament Tapes Market is Segmented as:
- 12 mm
- 18 mm
- 24 mm
- 36 mm
- 48 mm
- 72 mm
- 96 mm
By Application, Filament Tapes Market is Segmented as:
- Bundling
- Strapping
- Insulation
- Carton Sealing
- Sealing
- Others
By End Use, Filament Tapes Market is Segmented as:
- Shipping & Logistics
- Building & Construction
- Food & Beverages
- Electrical & Electronics
- Automotive
- Healthcare & Hygiene
- Printing
- Metalworking
- Oil & Gas
- General Industrial
- Consumer Goods
By Region, Filament Tapes Market is Segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
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