Pressure Sensitive Tape Market 2022: Application Analysis, Competitive Insights and Forecasts Report, 2022: Radiant Insights

Pressure Sensitive Tape Market Growth & Trends Up To 2022:
Radiant Insights
The global market for pressure sensitive tape is expected to witness a rapid growth during the estimated period
(from 2015 to 2022). The growing demand for corrugated box packaging is said to spur the pressure sensitive tape
market growth. Moreover, the increased usage levels of biodegradable substances in the manufacturing of a
number of products are also likely to spur the market. Also, the growing investments in Research & Development
(R&D) coupled with current product developments for improved product performances will propel the market
growth during the forecast period. However, the unstable raw material prices are said to hamper the industry
growth. The global market is divided into applications, backing materials, products, and regions.
The packaging sector was dominant application sector of the global market in 2014. It is said to have huge growth
opportunities over the estimated period because of the increasing corrugated boxes demand. Furthermore, a rise
in the food sector in India & China is said to spur the packaging segment in the near future. Also, a rise in the
automotive production in countries such as Germany, Japan, Indonesia, China, Mexico, Taiwan, South Korea, the
U.S., etc. is likely to boost the growth of the market.
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The polypropylene (PP) sector is anticipated to exhibit a rapid growth from 2015 to 2022 owing to its balanced
mechanical qualities, cost-effectiveness, extreme flatness, etc. Plus, the polypropylene backing material is naturefriendly than the PVC (Polyvinyl chloride) backing. This segment is projected to spur its demand during the
estimated period. On the other hand, the paper sector is said to experience a rapid growth due to its properties
such as high temperature resistance, environment compatibility etc. and wide usage in...