Printed tapes companies are essential in the packaging and branding industry, specializing in the production of customized adhesive tapes with printed designs or logos. These companies provide effective and visually appealing solutions for packaging, labeling, and securing products. Their expertise ensures high-quality, branded tapes for diverse industrial and commercial applications.
The printed tapes market, where functionality meets branding, is securing packages to advertising products, these versatile tapes cater to diverse industries. But beneath the printed surface lies a competitive landscape where established players and innovative newcomers fight for market share.
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The Printed Tapes market size is projected to be worth USD 12.6 billion by 2030, registering a CAGR of 5.8% during the forecast period (2022–2030).
Printed tapes are significantly used to pack, seal and branding of extensive range of products. It is a beneficial option for the market player to focus more on logo and name of the company. These tapes turn a normal item into highly visual promotional tools for the company product and brand. Printed tapes are used for the purpose of tamper-proof security. Apart from providing security and visual appeal, the printed tapes also help in immediate recognition of the package and water resistance to secure the package from the water.
The growing demand for sustainable printing, increasing demand for aesthetic appeal and innovative printing styles, and emerging need from end-user industry such as transportation & logistics, food & beverages, and consumer durables will boost the global printed tapes market growth in the near future.
The instantaneous spread of COVID-19 has caused considerable disturbance to a wide range of industries across the globe. Some of the major printed tapes end-users who were enormously hit by the pandemic include the Food & Beverages, Consumer Durables, and Transportation & logistics.
At the start, the outbreak of COVID-19 has immensely impacted the materials supply chains, mining operations, international trade, and production processes across the globe. As a result of a lockdown across geographies, the manufacturing facilities have faced serious troubles. The market players have had to close production facilities or operate the facilities below the optimal manufacturing capacities to stop the spread of COVID-19. Regardless of the aforementioned reasons due to the impacts of the COVID-19, global material production was gradually raised in August 2020.
The pandemic, which began in 2020, has highly impacted the printed tapes market due to the major capacity fall and sluggish demand growth. The effect of the novel coronavirus on printed tapes market demand was uneven throughout value chains, with sharp drops in various applications and high demand for medical applications. On the other hand, several manufacturers altered their current factories to fulfill the growing demand for Printed Tapes.
Printed tapes are gaining traction in the end-use industry, these tapes are used to enhance product traceability, ensures brand visibility, and safeguards the merchandise during transit. Moreover, companies are going for unique packaging that makes their products stand out from other. Printed tapes provide end-user with the option to make their brand recognizable from the outside of the package and deliver a message or warning right on the tape used to seal the carton box. These tapes find application in industries such as food & beverages, consumer durables, and transport & logistics.
The quality of raw materials has a direct effect on the quality of printed tapes. A higher cost of raw materials will lead to a higher cost of production. The fluctuating price of raw material have a direct impact on the company to produce a product. Moreover, when the raw material price increases, the production cost also increases, which in the end increases the overall price of the finished product. Therefore, fluctuating price of raw material is going to restrain the global printed tapes industry in the years to come.
The augmented investment by major players such 3M, Nitto Denko Corporation, Tesa SE, and Intertape Polymer Group Inc for developing successful track record of new product, and the evolution of modern 3D printing technologies predominantly in the developing countries is anticipated to create lucrative opportunities for printed tapes market. The demand for printed tapes is redirecting towards the Asia-Pacific, majorly in China and India. Consequently, the scope of expansion for most industries is vast in these Asian countries. The printed tapes market is substantially developing, which proposes plentiful opportunities for the manufacturers.
Printed tapes cause unfavorable environmental effects as, during the production, it emits harmful compounds such as formaldehyde, carbon dioxide, carbon monoxide, and others. Also, printed tapes are made up of materials like polypropylene and polyethylene, which ultimately release greenhouse gases and toxic chemicals into the environment, when dumped into landfills. These chemicals and gases impact the air, the water bodies, and the surrounding atmosphere.
By Product Type
By Material
By Technology
By Printing Ink
By End-user
The Asia-Pacific printed tapes market is predicted to hold the most considerable share, by value, and the growth in the Asian region can be primarily due to the collaboration of key players, high-demand end-use industries, expansion of production capacity, and an upsurge in government investments. The Asia-Pacific market provides considerable opportunities for growth to the manufacturers and is foreseen to record the highest CAGR. Moreover, many global companies are constructing new facilities and preparing to expand, followed by technological advancements in the European region, which is expected to have a substantial market in the region. North America was foreseen to have increased demand for printed tapes, owing to the well-established food & beverage Industry in the USA and Canada, which has significantly increased the demand for printed tapes.
The global printed tapes market is expected to highlight healthy growth throughout the forecast period. The global market represents strong numbers in terms of consumption and is expected to grow year on year. The global printed tapes market is highly fragmented, with a majority presence of tier-1 players.
Report Overview:
The printed tapes market is segmented by product type, material, technology, printing ink, end-user, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global printed tapes emerging and fast-growing segments, regions, and countries.
Objectives of the Study
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Printed Tapes Market Highlights:
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