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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11550590

The paper/tissue is the most popular backing material used in the manufacturing of splicing tapes. Easy availability, flexibility, and a high degree of printability are driving the demand for paper/tissue backing splicing tapes. Also, paper/ tissue backing tape comes with many attractive features such as UV resistance, repulpablity, and others. Repulpable paper/tissue tape line can be recycled without contamination of the broke pulp for use in paper mills, converters, newspapers, and web printers for roll closing/tabbing and splicing.

The splicing tapes used in the paper & printing industry can be single-sided or double-sided and repulpable and non-repulpable. Splicing tapes are mainly used in the paper industry during production of paper. They are also used for flexographic printing, end tabbing, permanent overlapped splices, paper for packaging application, and others. Splicing tape is particularly characterized by a high tensile strength, high shear strength, and good ageing resistance.

APAC is expected to account for the largest market
APAC is the largest splicing tapes market, in terms of value and volume, and is projected to be the fastest-growing splicing tapes market during the forecast period. APAC has been a high potential splicing tapes market against the backdrop of an overall slowdown in the global economy. The paper & printing and packaging sectors are growing rapidly in tandem with the rising population which is one of the major factors driving the splicing tapes market. The market in China, India, and other rapidly developing countries is expected to witness the fastest growth, while more developed markets such as the US, Germany, Japan, and the UK, will witness slow or no growth during the forecast period.

In APAC, China is the largest and second-fastest growing economy after India. China is currently one of the largest pulp and paper product manufacturers in the world. The Chinese manufacturers have consistently invested in the latest paper manufacturing infrastructure, creating a highly competitive environment for international trade of paper products. Various advanced technologies and machinery are used in the country by manufacturers to come up with the end products of splicing tapes by using different backing materials.

Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=11550590