The global market for seam tapes reached $180.2 million in 2017 and is expected to grow to $368.4 million by 2026, according to Stratistics MRC, expanding at a CAGR of 8.3% from 2017-2026. The increasing trend to supplant sewing with adhesive film bonding and the development of the sports and outdoor clothing industry are some factors impacting market growth. However, unstable raw material prices are hindering the market.
By type, the single-layered segment accounted for significant market share due extensive range of uses of single-layered crease tapes in the material and sports industry for a wide scope of utilizations including close attire, easygoing clothing, sports innerwear, outerwear and sportswear.
Based on geography, the Asia-Pacific region is expected to dominate the market during the forecast period due to its role as the leading global exporter of apparel and textiles. Because of modest work expenses and accessibility of locally delivered raw materials, makers incline toward setting up assembling units for the generation of apparels and textile in the Asia-Pacific countries.
Additional details are available at www.strategymrc.com.