Splicing Tapes Market worth $593 million by 2023

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Splicing Tapes Market worth 593 million by 2023
The report "Splicing Tapes Market by Resin
(Acrylic, Rubber, Silicone), Backing Material
(Paper/Tissue, Pet/Polyester, Non-Woven
Others), Application (Paper Printing,
Packaging, Electronics, Labeling), and Region -
Forecast to 2023" The splicing tapes market is
projected to grow from USD 527 million in 2018 to
USD 593 million by 2023, at a CAGR of 2.37
during the forecast period.
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Introduction
High demand for splicing tapes in the paper
printing and packaging industries due to the
increase in population and digitalization in many
parts of the globe. Digitalization process has
driven the market of online shopping which has
propelled the demand for packaging and labeling.
Also, paper and paperboard packaging are gaining
consumers attraction due to their effective
solutions in food beverages, healthcare,
manufacturing, personal care, and other
industries which is also driving the splicing
tapes market.
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Key Participants
Major vendors in the splicing tapes market
include 3M (US), Nitto Denko Corporation (Japan),
Avery Dennison Corporation (US), Scapa Group Plc
(US), tesa SE (Germany), Intertape Polymer Group,
Inc. (Canada), Shurtape Technologies, Llc (US),
ECHOtape (US), Orafol Europe Gmbh (Germany), and
Adhesive Research, Inc. (US).
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On The Basis Of Region
The rising demand for paper in various industries
from economies such as Japan, India, China, South
Korea, Vietnam, Taiwan, Singapore, among others
is contributing to the growth of the APAC
splicing tapes market to. China is expected to
lead the production and demand for splicing tape
due to the increased paper and film production.
It is also reportedly among the largest consumers
of splicing tapes in the region.
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