Flatback Tapes Market Size, Share, Growth, And Industry Analysis By Type (Utility Grade Flatbacks, Medium Grade Flatbacks, And Premium Grade Flatbacks) By Application (Splicing, Packaging & Sealing, Masking, Holding, And Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

Flatback Tapes Market Report Overview

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The global flatback tapes market size was USD 1427 million in 2022 and market is projected to touch USD 2195 million by 2032, exhibiting a Compound annual growth rate (CAGR) of 4.4% during the forecast period.

An upright Object is attached to flat surfaces with tape. It is crucial for uniformly and securely attaching things. Additionally, it aids in shielding the surface from dings and other harm. There are several different kinds of flatback tapes, including single side, double side, and transfer. Additionally, they come in a variety of sizes and colors.

Flatback tapes are a preferred bonding solution over the other options since they use adhesives including acrylic, silicone, and rubber glue. The traditional liquid and spray adhesives, mechanical fasteners, and other bonding and fastening technologies are being replaced by this advanced adhesive technology. It differs from traditional adhesives, which have a propensity to bleed at the edges.

In order to retain stability and integrity during processing, both single-sided and double-sided flatback tapes use cutting-edge acrylic adhesives.

COVID-19 Impact: Because of safety purpose Internet delivery system gained popularity

Due to the safe and secure distribution of goods, internet delivery platforms grew in popularity among customers during the COVID-19 epidemic. The pandemic has had a mixed effect on the flatback tapes market; although some industries, including as building and construction and automotive, have seen a decline in demand, the food business has seen a huge increase in demand.The usage of flatback tapes in the packaging of necessities that require safe and secure packing is expected to drive flatback tape sales throughout the projected period.

Latest Trends

"Outstanding Performance Generates High Demand"

Because of their outstanding qualities, including good adherence, durability, and weather resistance, flatback tape products are in higher demand from the construction and automotive industries. To serve the Indian market, Intertape Polymer Group Inc. expanded its flagship facility in India in March 2021.

Tesa S.E. Group announced the use of bio-based components for its adhesive taps in April 2021. The new packaging tapes from this company, tesapack® Bio & Strong, have the tesapack® Paper Standard and EcoLogo.

The Ahlstrom-Munksjö firm introduced the MasterTapeTM Pack, a tape for sustainable backing solutions, in October 2021. This tapes are available in a large selection of saturating base sheets with various mechanical characteristics.

Flatback Tapes Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Utility Grade Flatbacks, Medium Grade Flatbacks, Premium Grade Flatbacks, etc. Utility Grade Flatbacks is the largest product segment.

• By Application Analysis

Based on application, the market can be divided into Splicing, Packaging & Sealing, Masking, Holding, Others etc.

Driving Factors

"Excellent Physical Characteristics to Promote Growth"

Because of their many useful properties, including resistance to solvents and thinners, ease of curvature, high tensile strength, and complete residue removal, flat back tapes are in high demand on the market. These tapes are called industrial tapes due to their durability in outdoor applications, particularly in the logistics and construction sectors, which have helped flat back tape become more well-liked and widely used by end users.

"Demand For Sustainable Solutions to Augment Market Expansion"

Paper, which is used to make flat-back tapes, is both extremely recyclable and biodegradable. The need for flat back tapes is rising as people's sensitivity for plastic grows. Thus, the implementation of government rules regarding environmental friendliness, the use of plastic, and waste dumping in manufacturing industries and other industries is driving consumers to pick paper backed tapes, such as flat back tapes. The market's revenue expansion is anticipated to be fueled by the escalating demand for paper-based flat back tape.

Restraining Factors

"Increasing Packaging Industry and Availability of Alternatives to Limit Growth"

The problem of the flat back tape market's recent expansion is a result of the packaging industry's expanding operations, which has put tremendous strain on flat back tape manufacturers to meet the product's continued demand. The development of new masking, splicing, tabbing, and sealing tape kinds by businesses is currently a major barrier to the market expansion for flat back tape. The key factor limiting the growth of the flat back tape market over the projection period is also the availability of substitute products.

Flatback Tapes Market Regional Insights

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"Asia Pacific Will Continue To Lead The Market Through 2031"

During the anticipated time, Asia-Pacific will command the flat back tape market in terms of revenue. This is because flat back tape is becoming more and more in demand in this area. The Asia-Pacific region dominates the flat back tape market, with China setting the pace for rising demand in the auto and electronics industries there. Due to their multipurpose qualities including solvent & thinner resistance, high tensile strength, and absolute residue removal, flatback tapes are predicted to gain market share during the projection period. Because they work well on fragile surfaces including paper, glass, wood, metal, and plastic, flatback tapes are in high demand. The global market for flatback tapes is expanding as more people choose them for both light-duty and heavy-duty applications.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• 3M (U.S.)
• Intertape Polymer Group (Canada)
• Shurtape Technologies (U.S.)
• Tesa (India)
• Nitto (Japan)
• Berry Plastics (U.S.)
• Shanghai Yongguan
• Shanghai Smith Adhesive
• Crown
• Pro Tapes & Specialties
• ECHOtape

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.