Labels, Tapes And Films Market Size & Share 2021 to 2027
Market Size For Electronics Industry, by Product (Tapes, Labels, Films), by Application (Consumer Electronics, Home Appliances) & Forecast.
Report ID: GMI5087
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Published Date: August 2021
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Report Format: PDF
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Authors:
Kiran Pulidindi, Akshay Prakash
Labels, Tapes And Films Market Size
Labels, Tapes and Films Market for Electronics Industry size was valued at around USD 3.5 billion in 2020 and is estimated to exhibit 5.1% CAGR from 2021 to 2027 owing to their superior characteristics over conventional fastening methods. The industry is estimated to grow at a CAGR of 4% in terms of volume while attaining a valuation of 4,839.6 Million Square Meter through the projected timeframe.
Consumer durable companies are focusing on reliable and effective fastening solutions for their products. Growing technological advancements in the field of bonding & joining material will drive product demand around the globe. Adhesive tapes are gaining significant attention from appliance companies owing to their excellent UV resistance, long-lasting bonding power, and superior viscoelasticity.
Another key growth-enabling factor is rising consumer electronics and household appliances around the globe. China and India have been experiencing progress in terms of disposable income owing to increasing population and steady economic growth. Growing sales of air conditioners, washing machines, televisions, smartphones, etc., in response to changing consumer buying behavior are stimulating product development in the region.
The global consumer electronics market revenue was valued at USD 20 billion in 2020. Air conditioners demand is also growing around the globe due to rising residential and commercial building construction. In China, demand for air conditioners reached 44.63 million units in 2018, which is further expected to increase the labels, tapes and films industry for electronics sector by 2027.
The ongoing coronavirus pandemic is estimated to slow down industry development in 2020, which is subjected to the production output of major electronics in the country. The shutdown of major consumer appliances facilities together with a shortage of labor and materials will decline electronics production during the pandemic. Europe and North America have been affected harshly owing to a rising number of coronavirus cases and disrupted supply chain activities.
Countries relying on imports to meet their domestic consumption are the ones that will experience tremendous losses in terms of labels, tapes and films sales in electronics sector from 2020 to 2021. The stable output of electronic goods together with the reopening of international trade around the globe is projected to drive industry share by 2027.
Labels, Tapes And Films Market Analysis
In 2020, tapes generated over USD 1.5 billion owing to their growing usage in consumer electronics and home appliances. Electronic manufacturers utilize a variety of tapes including transfer tapes, packaging tapes, masking & sealing tapes, specialty tapes, etc., depending upon the requirement. Adhesive tapes are gaining substantial attention from end-users owing to their properties of excellent waterproofing, noise dampening, stress reduction on parts, etc.
The growing need for reliable and faster bonding solutions in the industry together with increasing electronics demand in major parts of the world will be key drivers of segment growth in the industry by 2027. The electronics industry is also undergoing miniaturization owing to growing consumer preference for compact & lightweight products, which is estimated to enhance segment growth from 2021 to 2027.
Smartphones are estimated to generate over 2.5 billion square meter in labels, tapes and films market for electronics industry by 2027. This is due to a rise in smartphone sales in emerging countries over recent years. In 2019, global smartphone sales reached 1.5 billion units and is expected to grow at a considerable rate by 2027. This can be contributed to a rise in disposable income, economic growth, and the growing affinity of consumers to upgrade their existing smartphones. Furthermore, government initiatives to promote the manufacturing of smartphones in India, China, etc., are expected to increase the share of new players in the smartphone sector by 2027.
The Asia Pacific labels, tapes and films market for electronics industry is estimated to generate a market revenue of USD 3.2 billion by 2027, growing at a CAGR of 5.5%. The growing electrical and electronics output in countries including China, Japan, India, South Korea, and Taiwan are driving product share in the region. China accounted for over 35% share in the global electronics product output followed by Japan which accounted for a 12% share in the global output in 2017. Key factors driving the demand for consumer electronics in the Asian market are propelling a surge in the demand for low-cost electronic goods, increasing disposable income of people, rising penetration of low-cost devices, etc.
Labels, Tapes And Films Market Share
Labels, tapes and films industry is moderately fragmented with key top companies accounting for a limited share. Some of the key manufacturers in the industry are :
These companies compete by implementing various strategic initiatives such as production capacity expansion, new product launches, mergers & acquisitions, etc. In March 2021, Avery Dennison Corporation announced a strategic acquisition with JDC Solutions, Inc. This agreement will further boost the company’s capability in offering adhesive tape solutions to consumer appliances suppliers. Such initiatives are expected to drive top companies’ dominance to some extent in the industry.
A growing number of small- to medium-scale labels, tapes and films suppliers for electronics industry in China will drive down the competitiveness of top companies. This is due to the limited scope in differentiating labels, tapes and films from each supplier and the prevalence of bulk order supply in the sector.
The Labels, Tapes and Films Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meter and revenue in USD Million from 2017 to 2027 for the following segments:
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By Product
By Application
Consumer electronics
The above information has been provided on a regional and country basis for the following:
By Region
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →