Global Printed Tape Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Printed Tape Market Overview:

“The global Printed Tape Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global printed tape market report has been segmented on the basis of technology, printing ink, product, application, and region.

Printed packaging tapes are used to promote or advertise company’s brand on packaging tapes. Printing tapes may highlight company name and logo and enable ease of classification and stock handling process. These also make the product or merchandise aesthetically appealing, thus resulting in instant and easy recognition of packaged product. These printed tapes offer great marketing potential, enable easy product differentiation, ensure product distinction, and make packaged product easily recognizable. In addition, printed tapes are useful for safety purposes to detect tampering.

Rising adoption of printing technology for manufacturing packaging tapes by various brand owners is a major factor anticipated to drive growth of the global printed tape market. In addition, surging demand for innovative and advanced printing techniques for manufacturing packaging tapes and rising demand for aesthetically appealing products are key factors projected to propel growth of the market in near future. Moreover, growth in packaging industry, increasing demand for technological advancements and product differentiation are some of the additional factors expected to drive the market growth in next ten years.

High cost involved in deployment of printed tape plant and fluctuating raw material prices are major factors expected to hamper growth of the global printed tape market. However, increasing investments by various major players in developed and developing countries across the world, and growing demand from developing countries such as India and China is projected to create significant opportunities for manufacturers operating in the global printed tape market.

Asia Pacific market is anticipated to dominate the global market owing to booming industries such as food & beverage and transportation & logistics in emerging economies such as India and China. China is one of the leading producers and suppliers of printing tape material and equipment, which is expected to present high growth opportunities for printed tape market. North America market was accounted for the second largest market in 2016 owing to growing demand from packaging and transportation & logistic applications in countries in the region.

Global Printed Tape Market Segmentation:

Segmentation by technology:

• Flexography
• Lithography
• Digital printing
• Screen printing
• Others

Segmentation by printing ink:

• Water-based
• Solvent-based
• UV curable

Segmentation by product:

• Acrylic carton sealing tape
• Hot melt carton sealing tape
• Natural rubber carton sealing tape

Segmentation by application:

• Food & beverage
• Consumer durables
• Transportation & logistics
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa