[FURL=https://www.industryarc.com/Research/Double-Coated-Film-Tapes-Market-Research-501455?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Double Coated Film Tapes market[/FURL] size is forecast to reach US$825.2 Million by 2026, after growing at a CAGR of 4.3% during 2021-2026. Double Coated Film Tapes is a film that has release coating on both sides with adhesives which is widely used throughout the world by a massive range of applications such as packaging, consumer goods, paper & cardboard, graphic and signage and others. It is used to stick two surfaces without displaying the sticking surface and as a result gives a tidy look.Key Takeaways
Asia Pacific dominates the Double Coated Film Tapes Market owing to rapid increase in packaging and food and beverage sector. For instance, the Food Safety and Standards Authority of India (FSSAI) plans to invest around US$72.3 million to strengthen the food testing infrastructure in India.
The market drivers and restraints have been assessed to understand the business impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in Double Coated Film Tapes Market and their specific segmented revenue.
Rise in demand in packaging application mainly due to high initial adhesion and wider acceptance for indoor is boosting the Double Coated Film Tapes Market.
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Double Coated Film Tapes Market Segment Analysis - By Geography
Asia-Pacific region held the largest share of 30% in the Double Coated Film Tapes Market in 2020 followed by North America and Europe. Asia Pacific is likely to experience potential growth in the double coated film tapes market, mostly due to massive demand in developing economies like China and India. Due to the rising population and urbanization, the region is under constant growth in food and beverages sector. For instance Indian Food Retail market is growing at CAGR 25% in 2020. On the other hand, according to International Trade Administration China’s food and beverage sector achieved approximately US$595 billion in 2019, 7.8% increase over 2018.
Double Coated Film Tapes Market Drivers
Rapid growth in E-commerce sector
Demand from Construction Sector
Double Coated Film Tapes Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Double Coated Film Tapes. Major players in the Double Coated Film Tapes Market are Adchem, Elite Tape, Intertape Polymer, MACtac, Nitto Denko, Parafix Tapes & Conversions, Shurtape Technologies, Tesa Tape, 3M, V. Himark
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