Printed Tapes Market To Cross $39.79 Billion By 2025 | Key Industry Players 3M, Windmill Tapes, Bron Tapes
San Francisco, 3
December 2018 - 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.
To request a sample copy
or view summary of this report:
www.grandviewresearch.com/industry-analysis/printed-tape-market
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.
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 Of This Research
Report by Grand View Research:
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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