Global foam tape market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for eco-friendly and sustainable foam tape solutions. Increased environmental awareness has bolstered efforts to limit air, water, and soil pollution, which in turn pushed organizations to invest in the use of organic raw materials. Foam tapes made using sustainable materials and manufacturing processes are becoming more and more popular among businesses and consumers as environmental rules and awareness rise. Bio-based adhesives and solvent-free formulations used in these sustainable tapes ensure compliance with evolving regulations. Furthermore, companies are prioritizing environmental responsibility as part of their social conscience. To satisfy the changing needs of environmentally conscious consumers, manufacturers are being compelled by this trend to create novel, environmentally friendly formulas and production techniques.
Browse the full report description of “Foam Tape Market Size, Share & Trends Analysis Report by Type (Single Sided Foam Tape and Double Sided Foam Tape), by Resin Type (Acrylic, Rubber, Silicone, and Ethylene Vinyl Acetate (EVA)), by Technology (Solvent-based, Water-based, and Hot Melt-based), and by End-User (Automotive, Aerospace, Building and Construction, Electrical and Electronics, Furniture, Medical, and Packaging) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/foam-tape-market
Furthermore, as part of the larger industry-wide push toward sustainability, foam tape products are placing an increasing emphasis on their capacity to be recycled and biodegraded. Many sustainable tapes boast impressive durability, heat resistance, and strong bonding strength, making them a viable alternative. As technology advances, the cost gap between eco-friendly and traditional tapes is narrowing, further accelerating their adoption. For instance, in September 2022, TESA, a global leader in adhesive tape and self-adhesive system solutions, introduced a new and innovative packaging tape with a backing material made from 70% recyclable PET (polyethylene terephthalate) and a water-based acrylic adhesive system. This tape is not only more sustainable but also offers superior performance compared to traditional options. The product was developed in a way that reduces environmental pollution as much as possible and at the same time guarantees high performance.
This eco-friendly design reduces environmental impact by giving new life to used plastic materials. Thus, the global foam tape market is being reshaped by the growing demand for eco-friendly and sustainable solutions, making the future greener for the industry.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Resin Type
o By Technology
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3M, LINTEC Corporation, Nitto Denko Corp, Scapa Group plc, tesa SE, Avery Dennison, and RPM International Inc., among others.
Key questions addressed by the report.
Global Foam Tape Market Report Segment
By Type
By Resin Type
By Technology
By End-User
Global Foam Tape Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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