Pressure Sensitive Tapes & Labels Market size to exceed $120 Billion by 2026

According to a new research report by Global Market Insights, Inc., the pressure sensitive tapes & labels market size is projected to cross USD 120 billion by 2026. The proliferating food & beverage sector will stimulate the industry growth by 2026
 

The packaging sector will drive pressure sensitive tapes & labels market growth over forecast timeframe. Rising health concerns and preservation of packaged food have substantially augmented the packaging industry growth. Pressure sensitive tapes & labels witnessed a phenomenal transition of items packaged in rigid containers to those encased in high-quality flexible packaging. The use of pressure sensitive tapes & labels is growing on account of its eco-friendliness, heat resistance, easy application, and solvent resistance.

 

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The disposal of pressure sensitive tapes & labels through incineration and landfill has caused environmental problems, such as atmospheric emissions, which include heavy metals, acids, dioxins, and greenhouse gases. These factors are hampering the pressure sensitive tapes & labels market expansion. Additionally, the coronavirus pandemic has adversely affected the value chain of the product and has resulted in declining product demand.
 

Browse key industry insights spread across 420 pages with 404 market data tables & 54 figures & charts from the report, “Pressure Sensitive Tapes & Labels Market By Backing Material (Polypropylene, Polyvinyl Chloride, Paper, Cloth), By Adhesion Type (Single Sided, Double Sided, Adhesive Transfer), By Product (Tapes, Labels [Linered {Barcode, Others}, Linerless {Barcode, Others}]), By End-user (Food & Beverage, Healthcare, Logistics, Automotive & Transportation, General Manufacturing), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pressure-sensitive-tapes-and-labels-market
 

Paper as a backing material to register robust growth

The paper segment is projected to witness over 7.5% CAGR in pressure sensitive tapes & labels market size through 2026. High resistance and absorption of up to over 180° C are the superior properties offered by paper as a backing material in pressure sensitive tapes & labels. Paper can be stretched up to 50% and ripped by hand. Soft papers are highly demanded products when adhesive tapes are required for packaging or as a template for sandblasting.
 

The double-sided adhesive is projected to cross USD 15 billion by the end of 2026. In double-sided adhesive tape, the backing material is coated with a pressure sensitive adhesive on both sides. The release liner is used to prevent the adhesives from sticking to themselves. The key application of double sided adhesive tape is to bond glass, concrete, foam, steel, wood, plastic, etc.
 

Pressure sensitive label usage is likely to increase in the food & beverages sector

The labels segment is projected to register strong growth in pressure sensitive tapes & labels market size over projected timeframe. Labels are generally classified into linered and linerless. It contains written or printed information and is made from a variety of materials. The key factors propelling the growth of label products are the growing packed food product demand, government initiatives, strong retail industry growth, and changing consumer lifestyle.
 

Food & beverage end-user to gain popularity

The food & beverage segment will witness over 8% CAGR and is estimated to be the fastest-growing end-user segment in the pressure sensitive tapes & labels industry. In this sector, the products are mainly used in different applications such as beer labeling, insulating food containers, and promotional labels.
 

Presence of a strong automotive base and robust packaging sector is expected to drive the regional market

The Europe market is projected to exceed USD 25 billion by 2026. The packaged food industry in the region is growing significantly. Factors driving the packaged food industry growth are increasing awareness about healthy lifestyles, rising disposable income, and population. The region is a hub for automobiles and hence will witness the consumption of pressure sensitive tapes & labels market in the automotive & transportation sector.
 

Some of the key pressure sensitive tapes & labels market participants include 3M, Berry Global, Inc., DeWAL, LINTEC Corporation, and CCL Industries.
 

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