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In 2023, the global adhesive films market is poised to reach a valuation of US$ 19.11 billion, with a projected growth rate of 4.61% CAGR between 2023 and 2033. The market is expected to expand to US$ 29.9 billion by 2033. By 2023, the top three countries globally are anticipated to collectively hold a 20.10% to 25.20% market share.
Handheld adhesive films, known for their compact packaging and storage convenience, are expected to exhibit a 4.60% CAGR during the forecast period. The adhesive films industry generated approximately US$ 18.11 billion in revenue in 2022, driven by increasing demand in the beauty and personal care product sector, presenting a growth opportunity of US$ 11.71 billion.
The adhesive films market is forecasted to witness substantial growth due to heightened demand for packaged food and beverages, expected to nearly double its current value over the projected period. Polypropylene adhesive films are foreseen to experience a surge in demand over the next decade due to their cost-effectiveness, versatility, and resistance to various solvents and acids.
A notable factor contributing to adhesive films sales is the increasing demand for self-adhesive tapes. The expansion of the pharmaceutical industry and significant investments in e-commerce platforms are expected to further drive the demand for self-adhesive tapes over the next ten years.
The adhesive films industry experienced a 4.10% CAGR from 2015 to 2022, reaching a valuation of US$ 18.11 billion in 2022 from US$ 13.71 billion in 2015. The automotive and electronics industries are anticipated to drive increased demand for adhesive films in the next decade, fueled by the growth of energy generation and industrial development projects.
Increasing demand for lightweight cars worldwide
Key manufacturers expanding activities in emerging economies
Growth in the automotive, construction, and packaging industries in India and China
Sales of copper adhesive films expected to soar in Germany due to rising food exports
Rising adoption of flexible packaging in India propelling sales of adhesive plastic wraps
Germany: Sales of copper adhesive films expected to surge due to rising food exports
India: Adoption of flexible plastic packaging leading to increased sales of adhesive plastic wraps
Bi-axially oriented polypropylene (BOPP) material expected to hold around 41% market value share by 2033
Tapes application segment estimated to create a growth opportunity of US$ 2.9 billion between 2023 and 2033
Aerospace end-use segment anticipated to register a 7.20% CAGR during the forecast period
Key players, such as 3M Company, Avery Dennison Corporation, and Nitto Denko Corporation, are adopting strategies like acquisitions and product launches to capture a significant market share.
Nitto Denko Corporation acquires Mondi’s personal care component business
Hexis S.A.S launches HEX’TREM self-adhesive films for extreme sports
Excel Scientific, Inc. introduces AeraSeal breathable sealing films for cell/tissue and bacterial cultures
ORAFOL Group invests US$ 174 million to expand production
the global adhesive films market is poised to reach a valuation of US$ 19.11 billion. The market is expected to expand to US$ 29.9 billion by 2033. By 2023
The global market is projected to grow at a CAGR of 4.61% during the forecast period, 2023-2033.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65420
Published on :
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