The seam tapes market is expected to grow at a CAGR of 6.7 per cent from 2018 to 2023. Growth of the sports and outdoor apparel industry is expected to drive the overall growth of the seam tapes market.

The polyurethane segment is the fastest-growing in the seam tapes market, in terms of value, and is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the various benefits of polyurethane in seam tapes compared to polyvinyl chloride, including high abrasion, impact resistance, water resistance, and high flexibility.

Asia Pacific is expected to be the largest market and have the highest growth rate during the forecast period, owing to the presence of huge garment manufacturing hotspots such as China, India, Vietnam, Indonesia, and Bangladesh in the Asia Pacific region. Cheap labor cost and availability of domestically produced raw material place Asia Pacific as the preferable region to manufacture textile and apparels.

In addition, the growing demand for sports and outdoor apparels in China, Japan, and India driven by the growing health awareness, as well as an increase in consumer spending on value-added apparels attributable to the rising disposable income, is expected to create opportunities for the seam tapes market in the region.