North America Pressure Sensitive Tapes Market Size & Outlook
North America pressure sensitive tapes market, 2018-2030 (US$M)
North America pressure sensitive tapes market highlights
- The North America pressure sensitive tapes market generated a revenue of USD 16,374.5 million in 2022.
- The market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, packaging tapes was the largest revenue generating product in 2022.
- Packaging Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2022 | USD 16,374.5 million |
| Market revenue in 2030 | USD 23,014.4 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Packaging tapes |
| Fastest growing segment | Packaging 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, North America region accounted for 25.8% 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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North America 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 48.14% in 2022. Horizon Databook has segmented the North America pressure sensitive tapes market based on specialty tapes, packaging tapes, consumer tapes covering the revenue growth of each sub-segment from 2018 to 2030.
Industries in North America are witnessing growth on account of the increasing production capacities of the manufacturing plants. In addition, the stable growth in the U.S. is expected to influence the demand for tapes on a positive note with increasing confidence of the manufacturers. As a result, the demand for tapes in the region is expected to ascend with rising production.
The market for tapes in the region is spearheaded by the U.S. and Mexico. High production volume of automotive industry in the U.S. and rapid growth of the same in Mexico are factors expected to complement the growth of pressure sensitive tapes market over the forecast period.
In addition, rising investments in other industries in Mexico owing to the availability of inexpensive labor and favorable trade policies is expected to boost manufacturing sector in the country. This, in turn, is projected to drive the market for tapes over the forecast period.
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North America Pressure Sensitive Tapes Market Outlook Share, 2022 & 2030 (US$M)
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