By 2020, the global adhesives tapes market will have shipped 53.78 billion square meters of tape according to analysts. The growing market for adhesive tapes is largely driven by the healthcare and packaging industries. With the healthcare industry developing rapidly in many countries around the world, pressure sensitive surgical tapes for securing wound dressings to skin are in demand. 2015 saw demand for tapes used in sealing, labeling and shipment applications grow substantially in line with the growth of the e-retailing sector.
A breakdown of the global market for adhesives tapes shows that polypropylene tapes held 56.16% of the adhesives tapes market, while paper tapes achieved 18.77% of the total market for adhesive tapes followed by PVC tapes (15.25%) and other types of tape (9.82%). Demand for polypropylene tapes continues to grow, and analysts predict that 13 metric tons of polypropylene tape will be produced and sold in the US by 2018. PVC tapes, on the other hand, will see a slowdown in growth on the back of environmental concerns regarding the material.