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
U.S. printed tape market revenue by application, 2014 -
2025 (USD Billion)
Browse full research
report on Printed Tape Market: http://www.grandviewresearch.com/industry-analysis/printed-tape-market
Further Key Findings From the Study 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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-printed-tape-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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