The extensive usage of adhesive tapes in packaging applications in various industries such as e-commerce and electrical and electronics is causing a sharp surge in their sales all over the globe. Moreover, with the advancement of the e-commerce industry, on account of the rising penetration of the internet and the growing popularity of online shopping, the demand for adhesive tapes would rise, which would, in turn, cause the expansion of the global adhesive tapes market in the future.
Apart from being used the e-commerce and electrical and electronic industries, adhesive tapes are also widely required in the automotive industry. These tapes are used in the automotive industry in the form of protection tapes and double-sized tapes. Automakers are increasingly replacing the traditionally used mechanical fasteners such as screws and bolts with adhesive tapes because of the growing requirement for lightweight vehicles. The usage of lightweight adhesive solutions in place of fasteners significantly reduces the weight of the vehicle.
Across the globe, the adhesive tapes market registered substantial growth in Asia-Pacific (APAC) in the past. This was primarily because of the rapid growth of many industries in the regional countries in the last few years. APAC countries such as India and China exhibited rapid economic progress over the past few years and this positively impacted the revenue growth of healthcare, automotive, and electrical and electronics industries. This, in turn, propelled the sales of adhesive tapes in the region.
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Thus, it can be safely said that the market will flourish in the future years, on account of the advancement of the e-commerce industry and the rising popularity of online shopping and the growing usage of adhesive tapes in the automotive industry.
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