Packaging tape printing market is expected to grow USD 28780 million over the CAGR of around 6.20% during the period 2022-2030.
Printing on the packaging tapes highlights the company’s name and logo, facilitates the ease of stock handling and identification. It boosts the visibility of product and helps to protect the stock during transit. It also makes the product visually pleasing, thereby resulting into instant recognition of the packages.
The growth of global packaging tape printing market can be majorly attributed to growing demand for aesthetic looks and innovative printing styles to print packaging tapes. Also, growth in the packaging printing industry, is expected to boost the market growth. However, factors such as fluctuation in raw material prices is the major restraint that could hinder the market growth.
The Asia-Pacific region is projected to have the largest share and dominate the global packaging tape printing market during the forecast period. China being a leading manufacturer and supplier of printing materials and equipment’s exhibits high growth opportunities for the packaging tape printing market. While, North America accounted for the second largest market for the packaging tape printing the forecast period.
Quad/Graphics Inc. (U.S.), Hewlett-Packard Development Company, L.P. (U.S.), E.I. du Pont de Nemours and Company (U.S.), Xerox Corporation (U.S.), SIAT S.p.A (Italy), RR Donnelley & Sons (U.S.), Canon U.S.A., Inc. (U.S.), FLEXcon Company, Inc. (U.S.), WS Packaging Group (U.S.) and Cenveo, Inc. (U.S.) are some of the leading players operating in this market.
The report for Global Packaging Tape Printing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||28780 million|
|CAGR||6.20% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Material, Printing Ink|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Quad/Graphics Inc. (U.S.), Hewlett-Packard Development Company, L.P. (U.S.), E.I. du Pont de Nemours and Company (U.S.), Xerox Corporation (U.S.), SIAT S.p.A (Italy), RR Donnelley & Sons (U.S.), Canon U.S.A., Inc. (U.S.), FLEXcon Company, Inc. (U.S.), WS Packaging Group (U.S.) and Cenveo, Inc. (U.S.)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
The packaging tape printing market can thrive at 6.20% CAGR by 2030.
The packaging tape printing market can value at a sizable figure by 2030.
FLEXcon Company, Inc. (U.S.), Canon U.S.A., Inc. (U.S.), WS Packaging Group (U.S.) and Cenveo, Inc. (U.S.) are some reputed names in the packaging tape printing market.
The high utility of UV-curable printing ink can prompt the global packaging tape printing market expansion.
North America packaging tape printing market growth can spur by 2030.