Market forecast for Pressure Sensitive Adhesive Tapes in 2024: Present Trends, Opportunities, Growth Potential, and Forecasts

According to Open PR, the pressure sensitive adhesive tapes market size has grown strongly in recent years. It will grow from $65.52 billion in 2023 to $70.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing industrialization, environmental regulations, automotive industry growth, emerging market demand, global economic trends.

The pressure sensitive adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $93.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to health and hygiene awareness, urbanization and construction activities, sustainability initiatives, electric vehicles (evs) trend, digitalization in manufacturing. Major trends in the forecast period include growing demand for sustainable solutions, advancements in technology, expanding e-commerce and logistics industry, customization and personalization, health and safety concerns.

Market Overview –

Pressure sensitive adhesive tapes refer to a relatively thin flexible material with single or double-sided adhesive coating. The activation of pressure-sensitive adhesives does not require the use of a solvent, water, or heat. The pressure level required to apply over adhesive directly influences the binding.