DUBAI, United Arab Emirates, Jan. 12, 2022 (GLOBE NEWSWIRE) – The Global Flatback Tape Market is expected to experience a CAGR of 5.9% from 2022 to 2027. The Flatback Tape Market was worth US $ 1.1 billion in 2022 and should reach a valuation of US $ 1.5 billion by the end of 2027.
|Market size||US $ 1.1 billion|
|Market size 2027||US $ 1.5 billion|
|CAGR value (2022 – 2027)||5.9||%|
|Share of collective value: top 5 companies (2021Y)||30||%|
The report states that return belts have very limited applications as these belts are mainly used in industries such as automotive, paper industry, electronics and packaging. Flat back ribbons have a smooth paper backing (which is not crimped). Crepe ribbons are a completely different form of ribbons and they have a wider application base than flat back ribbons.
Flat Back Tape market research report which is segmented by Adhesive Type, Product Type and Region
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Rubber, acrylic, silicone are commonly used as adhesives. The tape thickness ranges from 2.5 mil to 15 mil. These tapes have a high basis weight, so they can withstand high loads. These ribbons are hand tearable which makes the manufacturing process easier and more convenient. These tapes have a significant thickness compared to pancake tapes, but very little elongation, 2% to 4% most of the time.
Flat back tapes are commonly used in splicing, wrapping and masking applications. Manufacturers are trying to innovate with flat back tapes in order to increase their application base. For example, in April 2016, the 3M Company launched a hand-held masking tape under the brand name “Scotch Blue PLATINUM” for paint applications and better performance. On a related note, in July 2016, Intertape Polymer Group Inc. launched an ultra-thin, moisture-resistant washi-backed masking tape under the FineLine brand for better performance when painting.
Scope of the report
|Historical data available for||2012-2021|
|Market analysis||Millions of US dollars for value and Mn Sq. M for volume|
|Key regions covered||North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific excl. Japan and Japan|
|Key countries covered||United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC countries, China, India and Australia and New Zealand, ASEAN|
|Key segments covered||Adhesive, product, application, thickness and region|
Key companies profiled
|Cover of the report||Market forecasting, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives|
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The Flat Back Tape market is moderately correlated with these end use industries as it follows the dynamics of these industries. Asia-Pacific countries such as India, Indonesia, Philippines, China, Thailand and Hong Kong represent the highest consumer confidence due to high annual growth rates of GDP and improvement of the way of life of the population. Some MEA countries such as UAE and Saudi Arabia also represent considerable consumer confidence in their markets.
Flat back tapes are made from paper, which is biodegradable and highly recyclable. Growing plastic intolerance is driving demand for flat backed tapes. The flatback tape replacements are largely plastic, which should create landfill issues. Thus, the implementation of regulations relating to respect for the environment, the use of plastic and the dumping of waste in manufacturing industries and other businesses is causing consumers to choose paper-backed tapes such as paper back tapes. flat back ribbons.
Thickness will prove to be a hindering factor in the global Flatback Tape Market
Flat backed tapes have a heavy weight compared to crepe paper tapes. This results in higher strength, thickness and low elongation. However, its thickness makes it unsuitable for the majority of applications such as sealing of cartons where the application area includes sharp edges or flexible surfaces. Due to their high strength and low stretch, flat back tapes are easily tearable by hand. Tear resistance is the primary concern for flat back tapes resulting in slower market growth.
Find previous research done on – Flat Back Tape Market Trends – https://www.globenewswire.com/news-release/2018/04/02/1458559/0/en/Flatback-Tapes-Market-is-expected-to-witness-a-CAGR-of-5-8- from-2017-to-2027.html
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