Nonwoven Tape Market: is expected to grow at a CAGR of 7.68% during the forecast period. Global Nonwoven Tape Market is expected to reach US$ 2.50 Bn by2027.
Nonwoven Tape Market Insight:
This MMR research covers every aspect of the Nonwoven Tape Market , including trends, drivers, and potential barriers. Asia Pacific, North America, Europe, the Middle East, Africa, and South America are the five regions covered. There are several geographical divisions of the non woven tape market. The top market players in the data center sector are highlighted in this MMR research, along with their main growth plans.
Years considered for this MMR report:
Historical Years: 2017-2021
Estimated Year: 2027
Base Year: 2021
Forecast Period: 2022–2027
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The MMR conducted considerable primary and secondary research for this study. MMR started by compiling a list of producers from all over the world. MMR then conducted primary research with the companies that had been chosen. During the interview, respondents were also asked about their competition. MMR could utilize this technique to locate previously unknown producers due to the limitations of secondary research. All of the major manufacturers' products, distribution routes, and global reach were evaluated by MMR.
Nonwoven Tape Market Trends:
The MMR analysis evaluates all of the trends and technologies that will have a significant impact on the Nonwoven Tape industry's growth over the projection period. It highlights the key drivers, restraints, and opportunities that will effect market growth between 2022 and 2027.
Segmentation:
On the basis of end-use industry segment, the medical & hygiene segment is expected to grow at the highest CAGR during the forecast period because of an increase in the aging population, rising chronic diseases, and increasing personal & hygiene care globally.
Based on the backing material segment, the paper segment is estimated to grow at the highest CAGR during the forecast period. Paper is an environment-friendly and recyclable material. The properties of paper are enhanced through saturation, which is a process wherein paper is treated with latex to improve its chemical and physical properties so that it can be used as a backing substrate in adhesive tapes.
In terms of region, the Asia Pacific region is estimated to grow at the highest CAGR during the forecast period. The rising demand for global non-woven tapes market from medical & hygiene, electrical & electronics, and automotive & transportation from countries like India, China, South Korea, Malaysia, Vietnam, Taiwan, and Indonesia is projected to drive the growth of the global non-woven tape market in the region. China is expected to lead the demand for global non-woven tapes market in the Asia Pacific region.
Competitive Landscape:
Key players use a variety of strategies to gain competitive advantages, including new product launches, product enhancements, and collaborative collaborations. Major key players are:
• 3M Company• Nitto Denko Corporation• TESA SE• Avery Dennison Corporation• Lintec Corporation• Scapa Group• Intertape Polymer Group• Nichiban Co. Ltd.• Teraoka Seisakusho Co., Ltd.• Paul Hartmann AG• Berry Global Group• Shurtape Technologies, LLC• Lohmann GmbH & Co. Kg• Coroplast Fritz Müller GmbH & Co. Kg• ATP Adhesive Systems Ag• BSN Medical Inc.• Libatape Pharmaceutical Co., Ltd.• Medline Industries, Inc.• Supertape Bv• Poli-Tape Group• Symbio, Inc.• Koan Hao Technology Co., Ltd.• Gergonne Industrie• Frimpeks• Mercator Medical S.A.
Recent Developments:
Recent happenings in the Nonwoven Tape Market, as well as organic and inorganic expansion strategies, are included in the MMR reports. A number of businesses are prioritizing new product releases, as well as other organic growth strategies such as patents and events.
This report covers the following crucial features:
What will be the size of the Nonwoven Tape market in 2022, and what will be its annual growth rate from 2022 to 2027?
In Nonwoven Tape, what are the most important market trends?
What elements do you think will help the Nonwoven Tape market grow?
What are the predicted roadblocks to the Nonwoven Tape market's expansion?
North America, Europe, Asia Pacific, the Middle East and Africa, and South America, as well as their respective key countries, are also explored in the Nonwoven Tape market.
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