The emergence of Do-it-yourself trend has also impacted the market growth to a large extent. However, market growth might be hindered by the high cost of raw materials and inflated manufacturing costs, which raises their overall price.

Regional Analysis

Region-wise, the Pressure Sensitive Tapes Market Size has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America has secured the second spot in the global Pressure Sensitive Tapes Market. An established automotive industry generates substantial demand for pressure sensitive tapes. Moreover, the region has demonstrated heightened acceptance of pressure sensitive tapes in place of mechanical fasteners, which is contributing to the growth of the market.

Europe is a key market for pressure sensitive tapes. Augmented demand from the consumer goods industry and personal care industry has substantiated the growth of the market in the region. Rapidly expanding packaging industry in the UK, Spain, Germany, and France is inducing high demand for packaging tapes in the region.

Segmentation

The Pressure Sensitive Tapes Market Size has been segmented based on backing material, product, and application.

By product, the Pressure Sensitive Tapes Market Size has been segmented into masking, carton sealing, electrical, double-sided, and other. The carton selling tapes segment held the foremost share of the market in 2016. Carton selling tapes are non-toxic in nature and are compatible with various sterilization forms due to which they experience heightened demand. The double-sided tapes segment is expected to be the fastest growing segment over the forecast period. Double sided tapes are durable, reliable, and possess effective fixing and bonding properties. They are extensively used in the industry.

By application, the COVID-19 Impact has been segmented into healthcare, packaging, construction, manufacturing, and others. Application-wise, the packaging segment leads the market.

Competitive Landscape

American Biltrite Inc., LINTEC Corporation, Scapa Group, Adchem Corporation, Jonson Tapes Limited, Shurtape Technologies, LLC, Intertape Polymer Group, Zhejiang Yonghe Adhesive Products Company Limited, Tesa SE, 3M Company, Nitto

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