The global printed tapes market is expected
to reach USD 39.79 billion by 2025, according to a new report by Grand View
Research, Inc. Growing utilization of the tapes for branding and marketing
purposes is expected to bolster growth over the forecast period.
The demand for printed tapes is
expected to witness significant growth on account of the growing demand in food
& beverage and for branding and promoting new products and for increasing
consumer awareness. In addition, the growing use of printed tapes in road
marking & hazard safety application is expected to have a positive impact
on the market.
The growing use of various taping
materials including polypropylene and polyvinyl chloride (PVC) coupled with
availability of different types of adhesives to suit specific application needs
is expected to have a positive impact on the industry over the next eight
years. In addition, increasing used of different types of printing inks is
expected to aid the market growth.
The use these tapes for packaging
application aids in classifying the products during transit. Furthermore, the
use of various printing technologies has assisted in multicolor printing on the
tapes, which in turn has bolstered the use of the product in transportation and
logistics and hazard safety applications.
Browse full research report on Printed Tape Market: http://www.grandviewresearch.com/industry-analysis/printed-tape-market
Further key findings from the report suggest:
- Polypropylene accounted for the largest revenue share
in 2016 with 45% of the overall revenue share. High strength, clarity,
moisture, chemical & heat resistance offered by the material is
expected to augment the use of the polymer for printing over the next
eight years.
- Digital printing is expected to be fastest growing
technology with a CAGR of around 7.0%. Cost effective solutions coupled
with improved printing quality offered by the technology is expected to
drive the digital printing technology market.
- UV curable ink is expected to witness substantial
growth over the next eight years. Ease in printing coupled with rapid
curing nature of the inks is expected to be the key aspect for increasing
adoption of UV inks for printing applications over the forecast period.
- Hot melt carton sealing tapes accounted for the
largest revenue share in 2016 with 47% of the overall revenue share.
Increasing use in industrial as well as packaging applications is expected
to have a positive impact on the demand for hot melt carton sealing tapes.
- Food & beverage technology accounted for the 43%
of the revenue share in 2016 and is expected to continue its domination
over the next eight years. The growing use printed tapes in branding and
promotional activities in the industry is expected to drive demand.
- Asia Pacific accounted for 45% of the revenue share
in 2016. High growth opportunities in China and India coupled with
increasing import-export activities in the region is expected to drive the
demand over the projected period.
- 3M, Le Mark Group, Kilby Packaging and Bron tapes are
expected to be the major players in the industry. Different printing
technologies coupled with technical services provided by the printers are
the two major strategies adopted by the key players in the market.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global printed tapes
market on the basis of raw material, technology, ink, product, application and
region:
Raw Material Outlook (Volume, Million Sq. Meters;
Revenue, USD Billion, 2014 - 2025)
- Polypropylene
- Polyvinyl
Chloride
- Others
Technology Outlook (Volume, Million Sq. Meters; Revenue,
USD Million, 2014 - 2025)
- Flexography
- Lithography
- Digital
printing
- Screen
printing
- Gravure
- Others
Printing Ink Outlook (Volume, Million Sq. Meters;
Revenue, USD Million, 2014 - 2025)
- Water-based
- Solvent-based
- UV
curable
Product Outlook (Volume, Million Sq. Meters; Revenue, USD
Million, 2014 - 2025)
- Acrylic
carton sealing tape
- Hot
melt carton sealing tape
- Natural
rubber carton sealing tape
Application Outlook (Volume, Million Sq. Meters; Revenue,
USD Million, 2014 - 2025)
- Food
& beverage
- Consumer
durables
- Transportation
& logistics
- Others
Regional Outlook (Volume, Million Sq. Meters; Revenue,
USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-printed-tape-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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