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 Global
Printed Tapes 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
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.
For more information: www.grandviewresearch.com
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