Europe Pressure Sensitive Tapes Market Size & Outlook
Europe pressure sensitive tapes market, 2018-2030 (US$M)
Europe pressure sensitive tapes market highlights
- The Europe pressure sensitive tapes market generated a revenue of USD 15,662.9 million in 2022.
- The market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, packaging tapes was the largest revenue generating product in 2022.
- Specialty Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2022 | USD 15,662.9 million |
| Market revenue in 2030 | USD 21,111.8 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Packaging tapes |
| Fastest growing segment | Specialty Tapes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Tapes, Packaging Tapes, Consumer Tapes |
| Key market players worldwide | Tesla Inc, 3M Co, Nitto Denko Corp, LINTEC Corp, Larsen & Toubro Ltd DR, Henkel AG & Co KGaA, Lohmann & Rauscher, Berry Global Group Inc, Avery Dennison Corp, Mativ Holdings Inc, Ashland Inc, Dow Inc, Arkema SA, Sika AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.7% of the global pressure sensitive tapes market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,858.7 million by 2030.
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Pressure Sensitive Tapes Market Scope
Pressure Sensitive Tapes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe pressure sensitive tapes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pressure sensitive tapes market will help companies and investors design strategic landscapes.
Packaging tapes was the largest segment with a revenue share of 42.85% in 2022. Horizon Databook has segmented the Europe pressure sensitive tapes market based on specialty tapes, packaging tapes, consumer tapes covering the revenue growth of each sub-segment from 2018 to 2030.
The European economy is among the first economies to start using tapes in industrial applications including medical and packaging among others. The demand for specialty tapes in Europe is witnessing an increase on account of their rising utilization in industrial applications such as medical and hygiene. Furthermore, the replacement of adhesives with tapes is expected to have a positive impact on the market growth in the coming years.
However, the sluggish economic growth and economic turmoil in the major countries in Europe is anticipated to hamper the growth of industrial and manufacturing sectors. This, in turn, is likely to restrain the demand for tapes in the region. In addition, Britain’s exit from the European Union has led to the slowdown of economic growth, thereby hampering the growth of tapes market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe pressure sensitive tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pressure sensitive tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe Pressure Sensitive Tapes Market Outlook Share, 2022 & 2030 (US$M)
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