The global tape backing films market is characterized on the basis of plastic films manufacturers supplying films for tape manufacturing. Tape backing films are subjected to advance technological and design compositions implemented in the manufacturing process and material selection. The tape backing film market players supply tape backing films for various types of tapes including water activated tapes (also called gummed paper tape or gummed tape), pressure sensitive tapes (also called self-adhesive tapes), drywall tapes, heat sensitive tapes and other adhesive tapes.
BOPP (Bi-axially oriented polypropylene) films have emerged as a prominent material segment in the global market for tape backing films. The high tensile strength and effective machinability properties of BOPP tape backing films are well utilized for the conversion of adhesive tapes. Various functional and physical properties considered for tape backing films include high gloss, printability, film clarity and machinability. The adhesive tapes offer anchorage under various pressure levels, which is determined by the tape backing films’ performance quality.
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Strong growth potential represented by the pressure sensitive tapes demand across the globe is anticipated to pose a positive impact on the global tape backing films market. The tape backing films market players are recognizing lucrative business potential offered by the rapidly evolving medical tapes demand among other application type segments of global tape backing films market. The US$ 4.3 Billion valued market of masking tape has a large and stable demand for tape backing films across the globe.
The tape backing films market is open to the threats posed by the implementation of strict regulations against the production and consumption of single use plastic films. Paper based gummed or water activated tapes are rapidly emerging in the global demand for industrial purpose tapes, and thus negatively impacting the market for tape backing films. Majority of the thin plastic films produced globally goes under landfills, and thus the collection of tape backing films is difficult for the recycling and decomposition. Thus, the manufacturing industry in the developed economies are gradually shifting to the paper based tapes from plastic tapes, restraining the tape backing films market.
Global Tape Backing Films Market Regional Outlook
The manufacturing sector and healthcare sector of Western European countries, specifically Germany and U.K. have witnessed sluggish growth over the last few years, impacting the growth in demand for tape backing films. On the other hand, the manufacturing industry of Eastern Europe countries, specifically Poland, is evolving at a significant pace, creating a lucrative market for the tape backing films market. China is the world’s largest plastic resin manufacturer with a relatively unorganized manufacturing industry. Thus, China is not only one of the prominent tape backing films market in the world, but also a prominent exporter.
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Global Tape Backing Films Market Key Players
Some of the key players in the global tape backing films market are
- 3M Company
- Cosmo Films Ltd.
- Dupont Industrial Films
- Winpak Ltd.
- Berry Global Inc.
- The Klockner Pentaplast Group
- Inteplast Group Corporation
- Bemis Associates Inc.
- Tekni-Plex Inc.
- Nitto Denko Corporation
- Uflex Ltd.
- Irplast S.P.A.