Tape Backing Materials Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0210813
  • Format: Electronic (PDF)
  • Number of Pages: 223
  • Author(s): Joshi, Madhavi

Report Overview

The Tape Backing Materials Market size was estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.7 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Tape Backing Materials Market

(Market Size)
$1.6 billion
$2.7 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.80%
2023 Market Size USD 1.6 billion
2030 Market Size USD 2.7 billion
Key Players 3M, Avery Dennison, Tesa, Intertape Polymer, Nitto Denko

Market Summary

The tape backing materials market is an integral segment within the global packaging industry, providing essential components for the production of various adhesive tapes used extensively in sealing, bundling, labeling, and protecting goods. These materials form the foundational layer that determines key performance characteristics such as tensile strength, durability, and resistance to environmental factors. The market is characterized by a diverse range of materials including polypropylene, polyester, paper, PVC, and non-woven fabrics, each selected based on specific application requirements. Growth is largely driven by the expansion of e-commerce, logistics, and the broader manufacturing sector, which increasingly rely on high-performance packaging solutions to ensure product safety during transit and storage. The demand for sustainable and recyclable backing materials is also gaining significant traction, influencing innovation and material development strategies among leading producers. Additionally, advancements in coating and treatment technologies are enhancing the functional properties of these materials, enabling their use in more demanding and specialized applications. The market exhibits a robust competitive landscape with several key players continuously engaging in research and development to introduce improved products that meet evolving industry standards and environmental regulations.

Key Highlights

The tape backing materials market is distinguished by several pivotal factors that underscore its current dynamics and future trajectory. A primary highlight is the accelerating shift towards bio-based and sustainable materials, driven by stringent environmental regulations and growing corporate sustainability initiatives. This trend is prompting manufacturers to invest heavily in developing eco-friendly alternatives without compromising on performance attributes like adhesion and tear resistance. Another significant aspect is the critical role of technological innovation, particularly in the realm of material science, which is leading to the creation of lighter, stronger, and more versatile backing substrates. These innovations are expanding the application scope of adhesive tapes into new industrial sectors beyond traditional packaging, including electronics, automotive, and healthcare. The market is also witnessing a consolidation trend, with major corporations actively pursuing mergers and acquisitions to bolster their product portfolios and expand their geographic footprint. Furthermore, the rise of smart packaging solutions is beginning to influence this market, with developments in conductive and intelligent backing materials that can integrate with tracking and monitoring systems. The Asia-Pacific region remains a dominant force in both consumption and production, attributed to its massive manufacturing base and booming e-commerce industry, which demands vast quantities of packaging tapes.

Drivers, Opportunities & Restraints

The growth of the tape backing materials market is propelled by several powerful drivers, with the exponential expansion of the e-commerce and logistics sectors standing at the forefront. The relentless increase in online shopping activities worldwide necessitates efficient and secure packaging solutions, directly fueling the demand for high-quality adhesive tapes and their backing materials. The ongoing industrialization and growth of the manufacturing sector, particularly in emerging economies, further act as a significant driver, as these industries utilize tapes for a multitude of assembly, holding, and protective purposes. A major opportunity lies in the development and commercialization of advanced sustainable materials. The increasing regulatory pressure and consumer preference for environmentally responsible products create a substantial market opening for innovations in recyclable, biodegradable, and bio-based backing substrates. However, the market faces notable restraints that could impede its progress. Volatility in the prices of raw materials, such as plastic resins and specialty chemicals, poses a challenge to maintaining stable production costs and profit margins for manufacturers. Additionally, the growing scrutiny on single-use plastics and packaging waste presents a regulatory hurdle, compelling the industry to adapt quickly and invest in circular economy models. Despite these challenges, the continuous evolution of application technologies and the untapped potential in emerging markets present ample opportunities for sustained growth.

Concentration Insights

The competitive landscape of the global tape backing materials market is moderately concentrated, featuring a mix of large multinational corporations and specialized regional players. This concentration is characterized by the presence of established entities like 3M Company, Nitto Denko Corporation, and Avery Dennison Corporation, which command significant market share due to their extensive product portfolios, strong research and development capabilities, and robust global distribution networks. These industry leaders compete intensely on the basis of product innovation, quality, and strategic partnerships with tape converters and end-users. The market also includes a considerable number of mid-sized and smaller companies that often focus on niche segments or specific geographic regions, competing primarily on price and customized solutions. A key trend within this competitive dynamic is the increasing number of strategic acquisitions and mergers, as larger firms seek to acquire innovative technologies and gain access to new regional markets. Furthermore, competition is intensifying with the entry of new players offering sustainable and cost-effective alternatives, which is gradually altering the market's concentration. The Asia-Pacific region, being a major hub for production and consumption, hosts a dense concentration of manufacturers, contributing to a highly competitive environment that drives continuous improvement and cost optimization.

Type Insights

The tape backing materials market is segmented by type into various categories, each serving distinct purposes based on their inherent properties. Polypropylene (PP) film is one of the most widely used materials, prized for its excellent balance of clarity, tensile strength, moisture resistance, and cost-effectiveness, making it ideal for general-purpose packaging tapes. Polyester (PET) film represents another critical segment, known for its superior durability, high tensile strength, and exceptional resistance to chemicals, temperature extremes, and abrasion; these properties make it the material of choice for high-performance and heavy-duty applications, including masking and electrical tapes. Paper backing materials, including creped and flatback papers, are valued for their eco-friendly profile, ease of printing, and good conformability, commonly used in masking tapes and certain packaging applications where sustainability is a priority. Polyvinyl Chloride (PVC) films offer good flexibility, conformability, and durability, often utilized in specialty tapes like electrical insulation. Non-woven fabrics provide a soft, cloth-like backing that is breathable and tear-resistant, frequently employed in medical and hygiene tapes. The selection of a specific backing material is a critical decision for tape manufacturers, dictated by the end-use application's requirements for adhesion, durability, environmental resistance, and overall performance.

Application Insights

Application insights reveal the diverse and critical roles tape backing materials play across various industries, with the packaging sector being the largest consumer. Within packaging, these materials are fundamental in producing carton sealing tapes, bundling tapes, and void fill tapes, which are essential for securing boxes, pallets, and products during shipping and storage. The robustness and reliability of the backing material directly influence the tape's ability to protect goods from damage, tampering, and environmental factors during transit. Beyond packaging, a significant application exists in the building and construction industry, where masking tapes, double-sided tapes, and protective films are used for painting, holding, and surface protection during construction and renovation projects. The automotive industry utilizes specialized tapes with high-performance backings for components assembly, wire harnessing, and thermal and acoustic management. The healthcare sector relies on medical tapes with hypoallergenic and breathable backings for wound care, surgical procedures, and securing medical devices. The electronics industry depends on precision tapes with static-dissipative or conductive backings for component mounting and shielding. Each application demands specific characteristics from the backing material, such as tensile strength, elongation, resistance to temperature or chemicals, and conformability, driving continuous innovation and specialization within the market.

Regional Insights

Regionally, the global tape backing materials market demonstrates distinct patterns of demand and growth, influenced by varying levels of industrial activity, economic development, and regulatory frameworks. The Asia-Pacific region stands as the largest and fastest-growing market, a dominance attributed to its massive manufacturing base, particularly in countries like China, India, and Japan. The region's booming e-commerce sector, coupled with rapid industrialization and infrastructure development, creates immense demand for packaging and industrial tapes, thereby driving the need for backing materials. North America and Europe represent mature yet significant markets characterized by a high degree of technological advancement and a strong focus on product innovation and sustainability. These regions are at the forefront of developing and adopting eco-friendly and high-performance backing materials, driven by stringent environmental regulations and a sophisticated industrial and consumer base. The markets in Latin America and the Middle East & Africa are emerging and present considerable growth potential. Growth in these regions is fueled by increasing investments in industrial and infrastructure projects, a gradual expansion of the retail and e-commerce sectors, and a growing awareness of advanced packaging solutions. However, these regions also face challenges such as economic volatility and underdeveloped supply chains in certain areas, which can impact market growth.

Company Insights

The competitive arena of the tape backing materials market is populated by a blend of global giants and agile specialized firms, each employing distinct strategies to maintain and enhance their market position. Leading companies such as 3M Company, Nitto Denko Corporation, and Avery Dennison Corporation leverage their extensive research and development resources to pioneer new material technologies and advanced coating formulations. These industry titans often possess vertically integrated operations, controlling everything from polymer production to the final tape manufacturing, which allows for stringent quality control and cost efficiencies. Their strategies frequently involve portfolio diversification and targeting high-value application segments like electronics, healthcare, and automotive. Other significant players, including Intertape Polymer Group, Scapa Group, and Tesa SE, compete by focusing on specific material expertise or application niches, offering customized solutions and superior customer service. A common strategic theme across all major players is a heightened focus on sustainability, with investments flowing into the development of recycled content materials, bio-based polymers, and fully recyclable tape products. Furthermore, strategic partnerships with raw material suppliers and tape converters are crucial for ensuring a stable supply chain and expanding market reach. The competitive intensity ensures a continuous stream of innovation, pushing the boundaries of what tape backing materials can achieve.

Recent Developments

The tape backing materials market is dynamic, with recent developments highlighting a strong industry focus on sustainability, innovation, and strategic growth. A prominent trend has been the launch of new product lines featuring recycled content and bio-based polymers. Major manufacturers are increasingly introducing backing materials made from post-consumer recycled polypropylene or polyester, as well as materials derived from renewable sources like sugarcane, to meet the rising demand for environmentally responsible packaging solutions. Technological advancements have also been a key area of development, with companies investing in novel manufacturing processes that enhance material properties. For instance, developments in biaxially oriented polypropylene (BOPP) and polyester (BOPET) films have resulted in thinner yet stronger backings that offer reduced material usage without compromising performance. On the corporate front, the market has witnessed a series of strategic acquisitions and joint ventures aimed at expanding technological capabilities and geographic presence. Companies are acquiring smaller firms with specialized expertise in niche materials or sustainable technologies to bolster their portfolios. Additionally, there is a growing emphasis on developing smart backing materials integrated with functionalities like RFID for tracking and authentication, aligning with the broader trend of intelligent packaging in the logistics industry.

Report Segmentation

This comprehensive market research report on the tape backing materials market provides a detailed and structured analysis segmented to offer granular insights. The segmentation is primarily based on material type, which includes crucial categories such as Polypropylene, Polyester, Paper, Polyvinyl Chloride, Non-woven, and Other materials, allowing for an in-depth understanding of the demand dynamics, growth patterns, and innovation trends within each material category. The report further segments the market by application, covering key end-use sectors including Packaging, Electrical & Electronics, Healthcare, Automotive, Building & Construction, and Others. This application-based segmentation elucidates the specific requirements and growth drivers unique to each industry, highlighting how different backing materials are tailored to meet diverse performance needs. Geographically, the report offers a thorough regional analysis, segmenting the global market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each regional segment is analyzed to provide insights into local market size, growth potential, key players, and regional-specific challenges and opportunities. This multi-faceted segmentation empowers businesses, investors, and stakeholders to identify high-growth segments, understand competitive landscapes, and make informed strategic decisions based on precise and actionable data.

FAQs

What are the most common types of tape backing materials? The most prevalent types include polypropylene film, valued for its clarity and cost-effectiveness; polyester film, known for its high strength and durability; paper, appreciated for its sustainability and printability; PVC, which offers good flexibility; and non-woven fabrics, used for their softness and breathability in medical applications.

Which industries are the largest consumers of these materials? The packaging industry is the largest consumer, utilizing these materials for carton sealing and shipping tapes. Other major consuming industries include building and construction for masking and protective tapes, healthcare for medical tapes, automotive for assembly and component tapes, and electronics for specialized mounting and shielding tapes.

What factors are driving growth in this market? Key growth drivers include the massive expansion of the e-commerce and logistics sectors, increased industrialization and manufacturing activity globally, and a rising demand for sustainable and high-performance packaging solutions that ensure product safety and integrity.

How is sustainability impacting the tape backing materials market? Sustainability is a major influencing factor, pushing manufacturers to develop and commercialize eco-friendly alternatives. This includes materials with recycled content, bio-based polymers derived from renewable resources, and fully recyclable or compostable backing substrates to reduce environmental impact.

Which region leads the market in terms of demand and production? The Asia-Pacific region is the clear global leader in both the consumption and production of tape backing materials. This dominance is fueled by its extensive manufacturing base, rapid growth of e-commerce, and ongoing infrastructure development, particularly in China and India.

Who are some of the key players in this market? The market features several established global players, including 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Intertape Polymer Group, and Tesa SE. These companies compete through extensive product innovation, strategic acquisitions, and a strong focus on developing sustainable solutions.

Citius Research has developed a research report titled “Tape Backing Materials Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Tape Backing Materials Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Tape Backing Materials Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Tape Backing Materials Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Tape Backing Materials Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Tape Backing Materials Market
• Research Methodology
• Executive Summary
• Market Dynamics of Tape Backing Materials Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Tape Backing Materials Market
• Cost and Gross Margin Analysis of Tape Backing Materials Market
• Tape Backing Materials Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Tape Backing Materials Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Tape Backing Materials Market Key Stakeholders

Below are the key stakeholders for the Tape Backing Materials Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Tape Backing Materials Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Tape Backing Materials Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Tape Backing Materials Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Tape Backing Materials Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Tape Backing Materials Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Tape Backing Materials Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Tape Backing Materials Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Tape Backing Materials Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Tape Backing Materials Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Tape Backing Materials Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Tape Backing Materials Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Tape Backing Materials Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Tape Backing Materials Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Tape Backing Materials Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Tape Backing Materials Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Tape Backing Materials Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Tape Backing Materials Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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