USA Tapes Market

USA Tapes Market Outlook from 2024 to 2034

The USA tapes market size is estimated to be worth USD 21,193.4 million in 2024 and is anticipated to reach a value of USD 32,799.0 million by 2034. Sales are projected to rise at a CAGR of 4.5% over the forecast period between 2024 and 2034. The revenue generated by tapes in 2023 was USD 20,406.5 million.

Tapes are utilized in various manufacturing industries, thus the manufacturing industry accounts for more than 43% of the total market as compared to other end users. Manufacturing industries rely on tapes for purposes like assembling, sealing, bonding, and insulation because tapes present versatility, are cost-effective, and can produce a strong bond between different materials, thus providing a reliable substitute to mechanical fasteners or liquid adhesives in complex procedures.

Tapes Industry Forecast

Attributes	Key Insights
Historical Size, 2023	USD 20,406.5 million
Estimated Size, 2024	USD 21,193.4 million
Projected Size, 2034	USD 32,799.0 million
Value-based CAGR (2024 to 2034)	4.5%

Polyethylene tapes are likely to command over 24% of the total market share in the USA tapes market in the assessment period. Polyethylene tapes are in demand because they are flexible, strong, and exhibit good moisture resistance. Such attributes make them ideal for challenging applications like packaging, sealing, and insulation jobs requiring long-term performance and multiple substrate adaptability.

Rubber-based adhesives are projected to account for more than 36.4% against other adhesives and it is projected to be worth USD 11,925.6 million by 2034. Such adhesives tend to dominate the adhesives segments due to the high initial tack they possess, the flexibility of the adhesive as well as the ability to stick multiple substrates such as metals and plastics together.

Their superior performance at low temperatures makes them suitable for many uses in both the packaging and automotive industries.

The USA tapes market is likely to experience profitable growth during the forecast period. Incremental opportunity in the USA tapes market is estimated at USD 12,392.6 million during the forecast period and is expected to reach 1.6 times the existing value by 2034.

Semi Annual Market Update

The below table presents the expected CAGR for the USA tapes market over several semi-annual periods spanning from 2024 to 2034.

Particular	Value CAGR
H1	4.4% (2023 to 2033)
H2	4.6% (2023 to 2033)
H1	4.2% (2024 to 2034)
H2	4.8% (2024 to 2034)

In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 4.4%, followed by a slightly higher growth rate of 4.6% in the second half (H2) of the same decade.

Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 4.2% in the first half and remain relatively moderate at 4.8% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 20 BPS.

Key Industry Highlights

USA Trade Expansion Significantly Enhances the Need for Strong Tape Products

The expansion of international trade and globalization has significantly heightened the need for strong packaging systems. As a result, packaging tapes have become indispensable for the shipment of goods, as manufacturers, exporters and logistics service providers are engaged in various trade activities related to goods across countries.

These tapes guarantee that the products will withstand harsh shipping hurdles at the time of long-distance shipping, including rough handling, environmental exposure, and theft risks. The tapes can be used for different kinds of packaging materials and also possess strong adhesion, are durable, and versatile making them very useful for the packaging and protection of goods in transit.

As per the USA Census Bureau, the exports have gone up on average by $12.3 billion as compared to July 2023 primarily including automotive vehicles, parts, engines, and consumer goods.

This leads to an increased need for packaging tapes on account of the rising exports since such businesses require good and effective packing of their goods during the transporting stage.

The rise in the international movement of goods, especially in the case of high-value items has made packaging tapes to be regarded as key features in the logistics and transportation systems. Such combined factors are propelling the demand for tapes across the USA

Electric Vehicle Market Surge in the USA Elevates Adhesive Tape Demand

Due to the transformation of the automobile industry towards electric vehicles, the demand for new materials is increasing at a higher rate. Further, high-performance adhesive tape increasingly finds application in the automobile sector to facilitate reduction in vehicle weight for efficiency and improved driving range.

Such tapes serve a significant function in such applications as bonding of components, heat management, and vibration-dampening features. Such functions are very important, especially in Electric vehicles, where each gram counts.

These tapes are essential for a variety of applications, including bonding components, managing heat, and dampening vibrations. Such functions are essential, especially in Electric vehicles (EVs) where every gram carried on board matters. As per the International Council on Clean Transport, US light-duty electric vehicle sales increased from an estimated 300,000 in Q1 2023 to 375,000 in the third quarter.

As the industry improves vehicles for better efficiency anticipating mass production, more advanced adhesive technologies are needed. Thus, the convenience of adhesive tape products for such applications is very quickly growing in the USA owing to the proliferation of electric vehicles (EVs) in the market.

Consumer Awareness of Adhesive Chemicals May Impact Tape Market Growth

Adhesive tapes are produced from various adhesive layers. Most adhesives contain VOC content, which is an organic compound that is poisonous and may produce fumes or allergic reactions. This has become a growing concern because of the rising awareness of the product’s safety and environmental issues.

With this pursuit of health and wellness, however, comes more reliance on alternatives that do not carry hazardous additives. This would lower the demand for conventional tapes - at least those coated with aggressive adhesives because consumers would opt for more environmentally friendly options with safer, non-toxic materials.

Those manufacturers who fail to realize these changes will experience a decline in market share as more and more consumers opt for green and healthy options.

2019 to 2023 USA Tapes Sales Outlook Compared to Demand Forecast from 2024 to 2034

The USA tapes market recorded a CAGR of 2.3% during the historical period between 2019 and 2023. Market growth of tapes was positive as it reached a value of USD 20,406.5 million in 2023 from USD 18,597.0 million in 2019.

The USA tapes market witnessed remarkable expansion between 2019 and 2023 with a high demand in areas such as packaging, construction and automobiles, among other drivers.

New advancements in adhesive technology and a rising focus on green considerations additionally served the purpose of boosting sales, as customers began to look for greener choices.

Accordingly, the competitors in the marketplace were able to follow these trends and expand their offerings to the industrial and consumer categories. In 2023, the sales numbers showed a clear recovery from earlier pandemic-related problems and pointed out the resumed growth which was backed by more research and development spending.

US tapes market forecast from 2024 to 2034 looks upward, supported by changing consumer habits and technology improvements. Rise in e commerce is projected to increase the demand for packaging solutions across many industries but more so in the healthcare and electronic industries.

In addition, as more policies are arriving that promote the use of greener materials, product designs and creativity will be compelled, making companies effective in sustainable innovation.

This potential market evolution suggest a dynamic market landscape in the next decade with many growth possibilities.

Market Concentration

Tier 1 companies comprise market leaders with a market revenue of above USD 400 million capturing significant market share of 10% to 15% in USA tapes market. These market leaders are characterized by high production capacity and a wide product portfolio.

These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base. They provide a wide range of series including recycling and manufacturing utilizing the latest technology and meeting the regulatory standards providing the highest quality.

Prominent companies within tier 1 include 3M Company, Berry Global Group Inc., Saint Gobain Group and Intertape Polymer Group Inc.

Tier 2 companies include mid-size players with revenue of USD 200 to 400 million having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge.

These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, H.B. Fuller Company and Shurtape Technologies, LLC.

Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 200 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.

They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.

Category-wise Insights

The section contains information about the leading segments in the industry. By end use, manufacturing sector is estimated to account for a share of 43% by 2034. In terms pf product, the double sided tapes is projected to dominate by holding a share of 36.2% by the end 2034.

Surge in USA Manufacturing Boosts Demand for High-Performance and Sustainable Tapes

End Use	Manufacturing
Value CAGR (2034)	4.3%

Manufacturing industries among other end users are expected to lead the tapes market during the forecast period. Manufacturing to rise at a CAGR of 4.3%, generating an incremental growth opportunity worth USD 5,171.2 million by 2034.

Although tapes find application in a wide array of end-use industries, manufacturing industries use tapes at a large scale due to the requirements of advanced adhesive systems. Some of the manufacturing industries include food and beverages, pharmaceuticals, automotive, electrical and electronics, etc. Since manufacturers are looking for greater efficiency, tapes have proven to be a better fastening option than screws and bolts since it improves the speed of assembly and performance.

Sectors like automotive, electronics and aerospace have shifted towards automation and lightweight materials which have escalated the demand for high-performance tapes. In addition, tapes enhance durability, insulation, noise and vibration control; as such, they play a critical part in precision-driven applications. In this line, the usage of green adhesive tapes is gaining more momentum than that of the other types of tapes.

This is because of the increasingly important issue of sustainable manufacturing by optimizing natural resource use and minimizing waste and emissions. Tapes are used in almost all manufacturing processes, and as the demand for achieving higher safety standards and higher efficiency in the operation of industries increases, tapes are also used because of the multidisciplinary and ease-of-use flexibility associated with them.

Increasing Use of Double-Sided Tapes in USA Market for Aesthetic and Functional Benefits

Product	Double Sided tapes
Value CAGR (2034)	4.1%

Double sided tapes are estimated to lead the USA tapes industry. It is anticipated to grow at rate of 4.1% over the forecast period.

Double-sided tapes have a wide range of applications in the USA market since they provide generally better performance as well as functionality in a wide range of industries.

The pressure-sensitive adhesive surfaces present on both sides of double-sided tapes assist in smooth bonding without the necessity for visible fasteners, thereby enhancing the aesthetics and integrity of the assemblies. Many industries prefer the use of double-sided tapes, especially the automotive, construction, electronics, and packaging sectors because they can bond wide ranges of materials-from metals to plastics and glass-using these tape types. Additionally, such tapes possess superior moisture, heat, and chemical resistance.

Their adhesive properties can be very tough to support heavy-duty applications, thus minimizing the requirements for mechanical fasteners, which would consequently lessen weight and increase design flexibility. The ease with which these double-sided tapes can be installed is the second reason they increase productivity.

They are easy, and quick to install with no additional procedures like drilling or riveting required. Double-sided tapes are increasingly gaining mass market, as the USA market trends toward increasing demand for lightweight, strong, and efficient bonding solutions, emerging from various advanced manufacturing sectors.

Competitive Landscape

Key players of USA tapes industry are developing and launching new products in the market. They are integrating with different firms and extending their geographical presence. Few of them are also collaborating and partnering with local brands and start-up companies for new product development.

Key Developments in Tapes Market

• In August 2024, Shurtape Technologies, LLC, introduced Shurtape® Recycled Series Packaging Tapes which consists of three packaging tapes made from 90% Post-Consumer Recycled (PCR) Polyester, designed to significantly reduce the use of virgin plastic in end-of-line packaging.
• In August 2024, tesa launched a new tesa 64295 recyclable paper-based transport securing tape consisting of more than 75% bio-based material.
• In August 2024, H.B. Fuller Company acquired HS Butyl Limited (HS Butyl), UK’s largest manufacturer and distributor of high-quality butyl tapes.

Key Players in Tapes Market

• 3M Company
• PPI Adhesive Products Ltd.
• Can-Do National Tape
• Tesa SE
• Nitto Denko Corporation
• Avery Dennison Corporation
• Berry Global Group, Inc.
• Nadco Tapes & Labels, Inc.
• H.B. Fuller Company
• Scapa Group plc
• Bron Tapes, Inc.
• Saint-Gobain Group
• Intertape Polymer Group Inc.
• Shurtape Technologies, LLC
• PPM Industries SpA.
• Specialty Tapes
• Boyd Corporation
• Adhesive Applications, Inc.

Tapes Market Segmentation

By Product:

In terms of product, the tapes market is divided into BOPP tapes, gummed tapes, flat back tapes, duct tapes, masking tapes, filament tapes, double sided tapes and others

By Material:

Few of the materials used for making tapes polyamide (PA), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), bioplastics and paper

By Adhesives:

Multiple types of adhesives used in the tapes market include rubber-based adhesive, silicon-based adhesive, acrylic-based adhesive and hot melt adhesive

By End Use:

Some of end users in the tapes include manufacturing, logistics & shipping and packaging. The manufacturing sector is further sub-divided into pharmaceuticals & medical devices, food & beverages, cosmetics & personal care, homecare & toiletries, electrical & electronics, automotive parts and other industrial.

By Sub-Region:

Key states of North East, South West, West, South East, and Midwest are covered.

Frequently Asked Questions

What is the future of USA tapes industry?

The USA tapes industry is projected to witness CAGR of 4.5% between 2024 and 2034.

What was the worth of the USA tapes industry in 2023?

The USA tapes industry stood at USD 20,406.5 million in 2023.

What will the worth of USA tapes industry by 2034 end?

USA tapes industry is anticipated to reach USD 32,799.0 million by 2034 end.

Which sub-region to showcase the highest CAGR during forecast period?

South East is set to record a CAGR of 5.2% in assessment period.

Who are the key players of USA tapes industry?

The key players operating in the USA tapes industry are 3M Company, Berry Global Group Inc., Saint Gobain Group and Intertape Polymer Group Inc.