The splicing tapes market size 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. The global paper & printing industry is undergoing a rapid transformation and plays a significant role in driving the splicing tapes market globally. Splicing tapes are used in the production of paper, films, label, and packaging products (such as corrugated boxes, paperboards, or envelopes). However, the environmental regulations related to the paper & pulp sector could act as a major constraint. The developed countries, in regions such as Europe and North America, are anticipated to cut back on the growth level in the near future, owing to the stagnant nature of their markets.
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Splicing tapes are mostly used to connect two substrates together to provide continuity in operation or to increase its length. Most of the splicing tapes are repulpable that can be recycled. Also, most of the splicing tapes are double sided as it connects both ends of the substrates and increases the length. The backing material such as paper/tissue, PET/polyester, non-woven, and others coated with acrylic, rubber, or silicone adhesives provide optimum strength for splicing, flying splice, overlapping, and butting & tabbing. Growth of paper production and virgin-fiber pulp mills in APAC, Africa, and South America and the growing demand for repulpable paper/tissue in North America, APAC, and Europe are driving the splicing tapes market.
On the other hand, the non-hygienic process of manufacturing the recycled paper and reduction in the consumption of paper in Europe and North America are expected to confine the growth of the splicing tapes market during the forecast period. However, the use of non-wood fiber in paper production is providing growth opportunities for the splicing tapes market.
Splicing tapes are generally used in many applications such as paper & printings, electronics, packaging, labeling, and others. The demand for splicing tapes has increased in the paper & printings and packaging applications owing to their properties. In the paper & printing industry, splicing tapes are used for flexographic printing, end tabbing, and paper producing, in the packaging industry, these are used in cartons packaging and corrugated board. Paper and paperboard packaging is an emerging trend of packaging which is gaining consumer’s attraction due to its effective solutions in food & beverage, healthcare, manufacturing, personal care, and other industries. In the textile industry, splicing tapes are used in leather belts and garments during fabrication. In the electronics industry, splicing tapes are used in tabbing and holding lithium-ion batteries and other electronics item.
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The key players of the market include tesa SE (Germany), 3M Company (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (Canada), Scapa Group PLC (UK), Shurtape Technologies, PLC (US), Echotape (US), and Adhesive Research, Inc. (US). New product launch has been the most dominating strategy adopted by major players between 2015 and 2018, which helped them broaden their customer base.
In-line with the rising demand for splicing tapes, tesa has been working to deliver efficient splicing tape products to various applications in the paper & printing industry. This company operates through business segments, namely, Direct Industries and Trade Markets. Direct Industries caters to various end-use industries such as automotive, electronics (mobile phones and laptops), paper & printing, and building & construction. The Trade Markets division is further divided into two segments, namely, General Industrial Markets (adhesive solutions for packaging, tapes required during transporting, assembling, and repairing products) and Consumer & Craftsmen (product solutions required for daily use in homes, offices, and crafts). The company launched a new product called tesa Easy Splice in Feb 2018 which is used in the paper & printing industry to increase output volume and reduce the change over time. Through the strategy of new product launch, the company is able to cater to the demands of a wide range of industries, especially from APAC. This will boost the growth of the company and, also, its splicing tapes business, globally.
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The second-most active company in the market is 3M Company. The company operates through five business segments, namely, industrial, safety & graphics, electronics & energy, health care, and consumer. It manufactures splicing tapes for varied applications through its electronics & energy segment. Its splicing tapes products in the paper & printings application have global brand recognition. The company has planned to adopt organic and inorganic strategies such as new product launch, investment & expansion, and merger & acquisition in the future which will surely increase its presence and revenue globally.
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