North America Splicing Tape for Paper and Flexible Films Market Insights Forecasts to 2033

• The Market Size is Growing at a 4.9% CAGR from 2023 to 2033.
• The North America Splicing Tape for Paper and Flexible Films Market Size is Expected to Hold a Significant Share by 2033.

The North America Splicing Tape for Paper and Flexible Films Market Size is Expected to Hold a Significant Share by 2033, at a 4.9% CAGR during the forecast period 2023 to 2033.

Market Overview

Splicing tapes are widely used to link two sheet materials, such as the major edge section of the outer turn of a roll of sheet material to the second roll of sheet material. The splicing technique can be carried out using either static or dynamic modes. Splicing tapes come in a variety of carriers and adhesive configurations. The growing population and extensive digitalization have raised the demand for splicing tapes in the paper, printing, and packaging industries. The packaging industry in North America makes extensive use of splicing tapes, whether single- or double-coated. Splicing tapes have many applications in the packaging industry, where they are used to make flexible packaging films, corrugated boxes, and a variety of other packaging materials. With increased global consumption of food, personal care items, e-commerce, and other services, the packaging sector is expanding rapidly in North America. Furthermore, the creators have devised a long-term remedy to the growing environmental degradation caused by the increasing volume of plastic rubbish. Thus, there is an increasing need for environmentally friendly films. Thus, such factors are boosting the market growth in North America.

Report Coverage

This research report categorizes the market for North America splicing tape for paper and flexible films market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America splicing tape for paper and flexible films market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America splicing tape for paper and flexible films market.

Driving Factors

With the rising demand in North America for the electronics industry, the product is used in rigid electronic devices such as LCD light-management films and touchscreens. People's growing concerns about the security and safety of their autos, along with the explosive growth of the technology industry, will drive more demand for these films. Thus, during the forecast period, these factors will drive the market's rise.

Restraining Factors

Recycling plastic materials is more time-consuming than plastic manufacture. This is because the operations of collecting, sorting, shredding, washing, melting, and pelletizing are time-consuming. These are some of the factors impacting the overall demand for plastics. This is projected to slow market growth and further reduce product acceptability.

Market Segment

• In 2023, the paper-based splicing tape segment accounted for the largest revenue share over the forecast period.

Based on the material type, the North America splicing tape for paper and flexible films market is segmented into paper-based splicing tape and film-based splicing tape. Among these, the paper-based splicing tape segment has the largest revenue share over the forecast period. The paper business relies on paper-ear strength, superior age resistance, and high tensile strength, all of which are features of splicing tape. Splicing tapes are largely used in the production of paper. They also produce flexographic printing, end tabs, permanent overlapped splices, packing paper, and other goods. Splicing tape has strong shear strength, age resistance, and high tensile strength.

• In 2023, the splicing flexible film substrates segment accounted for the largest revenue share over the forecast period.

On the basis of application, the North America splicing tape for paper and flexible films market is segmented into joining and splicing paper rolls, splicing flexible film substrates, and others. Among these, the splicing flexible film substrates segment has the largest revenue share over the forecast period. Splicing tapes are used in the paper and printing industries to tab and close rolls of printing substrate, as well as to combine two materials to form a longer printing surface, allowing for continuous production. Depending on the materials being spliced, different backing materials and adhesive types are used for splicing tapes in various industries.

• In 2023, the printing and packaging segment is expected to hold the largest share of the North America splicing tape for paper and flexible films market during the forecast period.          

Based on the end user industry, the North America splicing tape for paper and flexible films market is classified into printing and packaging, paper manufacturing, flexible packaging, and others. Among these, the printing and packaging segment is expected to hold the largest share of the North America splicing tape for paper and flexible films market during the forecast period. The films' expanding use is due to the growing demand for food packaging for a wide range of commodities, including packaged food, medical equipment, electronics, and clothes. This is due to its excellent openness, affordability, and convenience of use. As a result, these factors will boost product consumption to utilize in packaging.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America splicing tape for paper and flexible films market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 3M Company
• Avery Dennison Corporation
• Scapa Group Plc
• Intertape Polymer Group, Inc.
• Shurtape Technologies, Llc
• ECHOtape
• Adhesive Research, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the North America splicing tape for paper and flexible films market based on the below-mentioned segments:

North America Splicing Tape for Paper and Flexible Films Market, By Material Type

• Paper-Based Splicing Tape 
• Film-Based Splicing Tape

North America Splicing Tape for Paper and Flexible Films Market, By Application

• Joining and Splicing Paper Rolls
• Splicing Flexible Film Substrates
• Others

North America Splicing Tape for Paper and Flexible Films Market, By End User Industry

• Printing and Packaging
• Paper Manufacturing
• Flexible Packaging
• Others