Splicing Tapes Market worth $593 million by 2023

The splicing tapes market size is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period.

There is a high demand for splicing tapes in the paper & printing and packaging industries due to the increase in population and digitalization in many parts of the globe. Digitalization process has driven the market of online shopping which has propelled the demand for packaging and labeling. Also, paper and paperboard packaging are gaining consumer’s attraction due to their effective solutions in food & beverages, healthcare, manufacturing, personal care, and other industries which is also driving the splicing tapes market.  

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Recent Developments

• In Feb 2018, tesa (Germany) launched a new product called tesa Easy Splice which is used in the paper & printings industry. It is used to increase output volume and reduce change over time.

The paper & printing application is expected to account for the largest share of the splicing tapes market.

The paper & printing segment is expected to account for the largest market share during the forecast period. The splicing tapes used in the paper & printing industry can be single-sided or double-sided and repulpable and non-repulpable. Splicing tapes are mainly used in the paper industry during production of paper. They are also used for flexographic printing, end tabbing, permanent overlapped splices, paper for packaging application, and others. Splicing tape is particularly characterized by a high tensile strength, high shear strength, and good ageing resistance.

The rising demand for paper in various industries from economies such as Japan, India, China, South Korea, Vietnam, Taiwan, Singapore, among others is contributing to the growth of the APAC splicing tapes market to. China is expected to lead the production and demand for splicing tape due to the increased paper and film production. It is also reportedly among the largest consumers of splicing tapes in the region.

Major vendors in the splicing tapes market include 3M (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Scapa Group Plc (US), tesa SE (Germany), Intertape Polymer Group, Inc. (Canada), Shurtape Technologies, Llc (US), ECHOtape (US), Orafol Europe Gmbh (Germany), and Adhesive Research, Inc. (US).