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Adhesive Tape Manufacturing in the US - Market Research Report (2014-2029)

Vlad Khaustovich Vlad Khaustovich New York, United States Last Updated: October 2024 NAICS OD4963

Revenue

$9.3bn

2024

$9.3bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

20,642

Businesses

203

Wages

$X.Xbn

Adhesive Tape Manufacturing in the US industry analysis

Adhesive tape manufacturers have experienced significant revenue fluctuations due to their susceptibility to external factors such as economic shifts, supply chain disruptions and changes in consumer demand. The industry has declined at a CAGR of 3.2%, reaching $9.3 billion in 2024. During the pandemic, the industry faced notable impacts but showed resilience with a brief recovery, though sustaining momentum has proven challenging. A shift in revenue composition highlights the increasing role of foreign markets. While domestic demand has declined, growing export demand, particularly from China, Canada and Mexico, ties the industry's performance more closely to the economic health of international buyers, emphasizing the importance of global market dynamics and trade relations. Notably, the industry is also projected to see a 10.3% increase in 2024.

Trends and Insights

  • The industry has been volatile during the current period. Adhesive manufacturers faced a notable impact during the pandemic, followed by a brief recovery phase. Revenue is estimated to increase in 2024, although remaining below pre-pandemic levels.
  • The broad utility of self-adhesive plastic products across diverse industries underscores their importance. These products' adaptability in shape, size and type facilitates their use in various applications, from automotive to e-commerce.
  • Proximity to major markets is essential. Being close to large consumer bases in states like California and New York helps manufacturers minimize logistics expenses and meet demand swiftly, making the location a strategic advantage in the adhesive tape industry.
  • Producers are increasingly competing with foreign producers. Trade agreements and a strong dollar make imported products more affordable for consumers, resulting in higher external competition.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 3.2 % over the past five years, to reach an estimated $9.3bn in 2024.

Trends and Insights

Significant revenue fluctuations highlight the industry’s vulnerability to external factors

  • The industry has exhibited significant revenue fluctuations during the current period, indicating that the industry is highly susceptible to a range of external factors, including economic shifts, supply chain disruptions and changes in consumer demand.
  • Additional trends and insights available with purchase
Adhesive Tape Manufacturing in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Demand is projected to grow, both domestically and internationally

  • Domestic demand for adhesive tape, which had seen a downturn, is anticipated to recover in the coming years. This expected rebound is linked to an overall improvement in economic conditions, underpinned by anticipated declines in interest rates.

Biggest companies in the Adhesive Tape Manufacturing in the US

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
3m Company
1,482.5
355.0
23.9
Intertape Polymer Group Inc.
750.0
73.9
9.9
Tesa Tape Inc.
408.2
65.2
16.0

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Adhesive Tape Manufacturing in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Self-adhesive plastic tape, over 20.0cm width, Self-adhesive plastic tape, under 20.0 cm width and Reflective tape. Self-adhesive plastic tape, over 20.0cm width is the largest segment of the Adhesive Tape Manufacturing in the US.

Trends and Insights

Versatility drives demand for self-adhesive plastic products

  • This segment encompasses a broad range of self-adhesive plastic products, from plates and sheets to films and foils. These items come in various shapes and sizes, making them highly versatile for different industrial and consumer applications. While some come in rolls, others are prepared in flat sheets, making them easier to manage for specific purposes.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry manufactures a range of tapes, including gummed sealing tape, paper base and reinforced adhesive tapes, among other related products. Additional products manufactured by the industry include a variety of pressure-sensitive products and adhesives.

What's included in this industry?

Manufacturing adhesive tape productsManufacturing other adhesive products

Companies

3m CompanyIntertape Polymer Group Inc.Tesa Tape Inc.

Purchase this report to view all 3 major companies in this industry.

Related Terms

PRESSURE-SENSITIVE TAPEWATER-ACTIVATED TAPEHEAT-SENSITIVE TAPE

Industry Code

NAICS 2017

NAICS 32222 - Adhesive Tape Manufacturing in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The industry has been volatile during the current period. Adhesive manufacturers faced a notable impact during the pandemic, followed by a brief recovery phase. Revenue is es...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The broad utility of self-adhesive plastic products across diverse industries underscores their importance. These products' adaptability in shape, size and type facilitates t...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Proximity to major markets is essential. Being close to large consumer bases in states like California and New York helps manufacturers minimize logistics expenses and meet d...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Producers are increasingly competing with foreign producers. Trade agreements and a strong dollar make imported products more affordable for consumers, resulting in higher ex...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

3M’s declining sales in adhesives and tapes highlight industry challenges. Despite a broad portfolio with brands like Scotchlite and Scotchcal, 3M's industry-specific revenue...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of 3m Company's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Intertape Polymer Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Tesa Tape Inc.'s performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for 3m Company, and factors influencing its performance in the industry
  • Description and key data for Intertape Polymer Group Inc., and factors influencing its performance in the industry
  • Description and key data for Tesa Tape Inc., and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The industry benefits from multiple trade agreements. This enables exporting producers to lower operating costs, although it also enables imports to grow.

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Automation contributed to decreased average wages. As adhesive tape manufacturers adopt more automated systems, demand for manual labor decreases, resulting in lower labor co...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Adhesive Tape Manufacturing in the US industry in United States in 2024?

The market size of the Adhesive Tape Manufacturing in the US industry in United States is $9.3bn in 2024.

How many businesses are there in the Adhesive Tape Manufacturing in the US industry in 2024?

There are 203 businesses in the Adhesive Tape Manufacturing in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.

Has the Adhesive Tape Manufacturing in the US industry in United States grown or declined over the past 5 years?

The market size of the Adhesive Tape Manufacturing in the US industry in United States has been declining at a CAGR of 3.2 % between 2019 and 2024.

What is the forecast growth of the Adhesive Tape Manufacturing in the US industry in United States over the next 5 years?

Over the next five years, the Adhesive Tape Manufacturing in the US industry in United States is expected to grow.

What are the biggest companies in the Adhesive Tape Manufacturing in the US market in United States?

The biggest companies operating in the Adhesive Tape Manufacturing market in United States are 3m Company, Intertape Polymer Group Inc. and Tesa Tape Inc.

What does the Adhesive Tape Manufacturing in the US in United States include?

Manufacturing adhesive tape products and Manufacturing other adhesive products are part of the Adhesive Tape Manufacturing in the US industry.

Which companies have the highest market share in the Adhesive Tape Manufacturing in the US in United States?

The company holding the most market share in United States is 3m Company.

How competitive is the Adhesive Tape Manufacturing in the US industry in United States?

The level of competition is moderate and steady in the Adhesive Tape Manufacturing in the US industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Adhesive Manufacturing in the US
  • Plastic Film, Sheet & Bag Manufacturing in the US

Complementors

  • Coated & Laminated Paper Manufacturing in the US
  • Paper Bag & Disposable Plastic Product Wholesaling in the US

International industries

  • Adhesive Manufacturing in Canada
  • Adhesive Manufacturing in Australia
  • Glue & Adhesives Manufacturing in the UK

View all industries in United States

Methodology

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

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