img

Labels, Tapes And Films Market For Electronics Industry - By Product (Tapes, Labels, Films), By Application (Consumer Electronics, Home Appliances) & Forecast, 2021-2027


Published on: 2024-07-25 | No of Pages : 240 | Industry : Packaging

Publisher : MIR | Format : PDF&Excel

Labels, Tapes And Films Market For Electronics Industry - By Product (Tapes, Labels, Films), By Application (Consumer Electronics, Home Appliances) & Forecast, 2021-2027

Labels, Tapes And Films Market Size

Labels, Tapes and Films Market for Electronics Industry size was valued at around USD 3.5 billion in 2020 and is estimated to exhibit 5.1% CAGR from 2021 to 2027 owing to their superior characteristics over conventional fastening methods. The industry is estimated to grow at a CAGR of 4% in terms of volume while attaining a valuation of 4,839.6 Million Square Meter through the projected timeframe.

Consumer durable companies are focusing on reliable and effective fastening solutions for their products. Growing technological advancements in the field of bonding & joining material will drive product demand around the globe. Adhesive tapes are gaining significant attention from appliance companies owing to their excellent UV resistance, long-lasting bonding power, and superior viscoelasticity.

To get key market trends

  Download Free Sample

Another key growth-enabling factor is rising consumer electronics and household appliances around the globe. China and India have been experiencing progress in terms of disposable income owing to increasing population and steady economic growth. Growing sales of air conditioners, washing machines, televisions, smartphones, etc., in response to changing consumer buying behavior are stimulating product development in the region.

The global consumer electronics market revenue was valued at USD 20 billion in 2020. Air conditioners demand is also growing around the globe due to rising residential and commercial building construction. In China, demand for air conditioners reached 44.63 million units in 2018, which is further expected to increase the labels, tapes and films industry for electronics sector by 2027.
 

Labels, Tapes and Films Market Report Attributes
Report Attribute Details
Base Year 2020
Labels, Tapes and Films Market Size in 2020 3,491.8 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 5.1%
2027 Value Projection 7,247.9 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 215
Tables, Charts & Figures 203
Segments covered Product, Application, & Region
Growth Drivers
  • Growing consumption of consumer electronics and household appliances
  • Superior characteristics of the product
  • Government initiatives to boost manufacturing capabilities in the Asia Pacific
Pitfalls & Challenges
  • Stringent government regulations and fluctuating raw material prices

What are the growth opportunities in this market?

 Download Free Sample

The ongoing coronavirus pandemic is estimated to slow down industry development in 2020, which is subjected to the production output of major electronics in the country. The shutdown of major consumer appliances facilities together with a shortage of labor and materials will decline electronics production during the pandemic. Europe and North America have been affected harshly owing to a rising number of coronavirus cases and disrupted supply chain activities.

Countries relying on imports to meet their domestic consumption are the ones that will experience tremendous losses in terms of labels, tapes and films sales in electronics sector from 2020 to 2021. The stable output of electronic goods together with the reopening of international trade around the globe is projected to drive industry share by 2027.

Labels, Tapes And Films Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

In 2020, tapes generated over USD 1.5 billion owing to their growing usage in consumer electronics and home appliances. Electronic manufacturers utilize a variety of tapes including transfer tapes, packaging tapes, masking & sealing tapes, specialty tapes, etc., depending upon the requirement. Adhesive tapes are gaining substantial attention from end-users owing to their properties of excellent waterproofing, noise dampening, stress reduction on parts, etc.

The growing need for reliable and faster bonding solutions in the industry together with increasing electronics demand in major parts of the world will be key drivers of segment growth in the industry by 2027. The electronics industry is also undergoing miniaturization owing to growing consumer preference for compact & lightweight products, which is estimated to enhance segment growth from 2021 to 2027.

Learn more about the key segments shaping this market

 Download Free Sample

Smartphones are estimated to generate over 2.5 billion square meter in labels, tapes and films market for electronics industry by 2027. This is due to a rise in smartphone sales in emerging countries over recent years. In 2019, global smartphone sales reached 1.5 billion units and is expected to grow at a considerable rate by 2027. This can be contributed to a rise in disposable income, economic growth, and the growing affinity of consumers to upgrade their existing smartphones. Furthermore, government initiatives to promote the manufacturing of smartphones in India, China, etc., are expected to increase the share of new players in the smartphone sector by 2027.

Looking for region specific data?

 Download Free Sample

The Asia Pacific labels, tapes and films market for electronics industry is estimated to generate a market revenue of USD 3.2 billion by 2027, growing at a CAGR of 5.5%. The growing electrical and electronics output in countries including China, Japan, India, South Korea, and Taiwan are driving product share in the region. China accounted for over 35% share in the global electronics product output followed by Japan which accounted for a 12% share in the global output in 2017. Key factors driving the demand for consumer electronics in the Asian market are propelling a surge in the demand for low-cost electronic goods, increasing disposable income of people, rising penetration of low-cost devices, etc.

Labels, Tapes And Films Market Share

Labels, tapes and films industry is moderately fragmented with key top companies accounting for a limited share. Some of the key manufacturers in the industry are

  • 3M
  • Avery Dennison
  • UPM Corporation
  • Scapa Group
  • tesa SE
  • FLEXcon Company, Inc.
  • American Biltrite
  • CCL Industries.

These companies compete by implementing various strategic initiatives such as production capacity expansion, new product launches, mergers & acquisitions, etc. In March 2021, Avery Dennison Corporation announced a strategic acquisition with JDC Solutions, Inc. This agreement will further boost the company’s capability in offering adhesive tape solutions to consumer appliances suppliers. Such initiatives are expected to drive top companies’ dominance to some extent in the industry.

A growing number of small- to medium-scale labels, tapes and films suppliers for electronics industry in China will drive down the competitiveness of top companies. This is due to the limited scope in differentiating labels, tapes and films from each supplier and the prevalence of bulk order supply in the sector.

The Labels, Tapes and Films Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meter and revenue in USD Million from 2017 to 2027 for the following segments

Click here to Buy Section of this Report

By Product

 

  • Labels
  • Tapes
  • Films

By Application

  • Consumer electronics

    • Computers & laptops
    • Smartphones
    • Tablets
    • Others (disk drives, digital cameras, etc.)
  • Home appliances
    • Television
    • Refrigerator
    • Washing machine
    • Air conditioner
    • Others (ovens, vacuum cleaners, dishwashing machines, etc.)

The above information has been provided on a regional and country basis for the following

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Table of Content

Will be Available in the sample /Final Report. Please ask our sales Team.

Will be Available in the sample /Final Report. Please ask our sales Team.