Between 2014 and 2019, the market size increased at CAGR of 2.2% to reach $252.6 million in 2019.
"Various adhesive tapes are used for packaging consumer goods; some are used for sealing boxes and packaging, while other tapes are used in the internal packaging of large items. When the retail sector expands, so does demand for adhesive tape produced by this industry. Demand from miscellaneous store retailers is expected to exhibit slowed growth in 2019, representing a potential threat to the industry.
Increased consumer spending has a positive effect on the industry. Consumer spending is expected to increase in 2019, representing a potential opportunity for the industry.