New research has revealed that the global market for pressure-sensitive tapes looks set to be worth almost £40 million ($60 million) by 2019. Its popularity is rocketing, and with the range of uses this type of tape has, it is not hard to see why.
What Is Pressure-Sensitive Adhesive Tape?
Pressure-sensitive tape is quite simply an adhesive tape that sticks once pressure is applied and without the need for heat, solvents or any other type of activator. This group of taping products includes the single-sided tape for packaging that is used in countless homes and businesses across the world, as well as double-sided tape, transfer tape and masking tape, among others.
The Future of Tape for Packaging?
This type of tape is already used across a multitude of global industries, but there are moves, and certainly within Holmes Mann the explorations have begun, to make it even more appealing. Increasing numbers of biodegradable tapes are constantly emerging on to the market to fulfil the demands of growing environmental regulations and to satisfy the preferences of a booming number of consumers who want environmentally friendly products.
These ‘greener’ pressure-sensitive tapes are able to decompose into biomass, water or carbon dioxide and take up less space at landfill sites – something which is increasingly in short supply compared to the more traditional varieties. Bio-based materials undergo a process of polymerisation to produce the biodegradable polymer used to create these tapes. This is seen as a viable alternative to those raw materials based on petroleum.
This biodegradable polymer is also viewed as a good alternative to help deal with fluctuating oil prices, which have long been highlighted as a huge challenge faced by businesses within the pressure-sensitive adhesive tape market across the world.
The Growth Forecast
According to the latest figures that have just been published by the Market Research Store, the demand for this type of tape is expected to grow at a rate of between five and seven per cent over the next five years, with the main commercial users being within the sectors of construction, food and drink, logistics, manufacturing and healthcare.
The data was compiled using five forces analysis and considering industry structure and competition alongside factors such as substitutes and threats within the market and buying criteria. It also looked at some of the leading manufacturers and suppliers of this type of tape in the world, including Lintec, DeWal, 3M, FLEXcon, Shurtape Technologies, Nitto Denko, and MACtac.