SAN FRANCISCO, February 25, 2016 /PRNewswire/ --
The global pressure sensitive tape market is expected to reach USD 69.26 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for corrugated boxes mainly in China, India and Brazil is expected to propel growth over the forecast period. Increasing demand for corrugated packaging owing to its high durability and protection will fuel market expansion.
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Rising concerns regarding eco-friendly packaging solutions owing to strict government and environmental regulations is further expected to boost the carton sealing Tape demand. In addition, high consumption of pressure sensitive Tape in medical sector owing to its non toxicity and compatibility with different forms of sterilization will fuel industry growth. Introduction of highly effective and environment friendly solvent recovery technology used during adhesive coating will open new avenues in the near future.
Browse full research report with TOC on "Pressure Sensitive Tape Market Analysis By Backing Material (Polypropylene, Paper, PVC), By Product (Carton Sealing Tapes, Masking Tapes, Double Sided Tapes, Electrical Tapes), By Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Health & Hygiene) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/pressure-sensitive-tapes-market
Building & construction is expected to witness significant volume gains at a CAGR of 5.9% from 2015 to 2022, on account of rapid construction sector growth in India, Malaysia, Mexico, Saudi Arabia, Indonesia, Vietnam and China. MEA is expected to witness rise as a result of increasing foreign direct investments in real estate, construction and hospitality coupled with development of new residential as well as non-residential offices
Further key findings from the report suggest:
Grand View Research has segmented the global pressure sensitive tape Market on the basis of backing material, product, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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