Press release
Laminar Growth to be Witnessed by Pre-Printed Tape Market by 2027
Pre-Printed Tape Market: Dynamics
Rapid growth in the printing industry, coupled with demand for attractive packaging, product differentiation, and technological advancements are the key drivers for the growth in the pre-printed tape market. In addition, there are several advantages associated with pre-printed tapes that further accelerates the growth in the pre-printed tape market. Some of the advantages and benefits are: it reduces pilferage as printed tape cannot be broken and resealed without detection, it helps in reducing carton costs as it nullifies the need of carrying inventories of printed cartons, it helps in tracing lost shipments etc.
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Digital printing in the pre-printed tape market is anticipated to be the fastest growing technology, owing to its attractive and cost effective solution for manufacturing high quality pre-printed tapes. However, higher cost of high quality printing and evaporation of ink may act as restraining factors for the growth in the pre-printed tape market.
Pre-Printed Tape Market: Segmentation
On the basis of printing technology, the global pre-printed tape market is segmented into,
Lithography
Flexography
Digital printing
Screen printing
Others
On the basis of material, the global pre-printed tape market is segmented into,
Polypropylene (PP)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Aluminum and copper foils
Others
On the basis of adhesive type, the global pre-printed tape market is segmented into,
Hot-Melt
Acrylic
Solvent-based
Water-based
Others
On the basis of application, the global pre-printed tape market is segmented into,
Bundling
Carton Sealing
Tamper Evident Seals
Product and Company Identification
Other
On the basis of end-use industries, the global pre-printed tape market is segmented into,
Food & Beverage
Pharmaceuticals
Cosmetics & toiletries
Others
Pre-Printed Tape Market: Region Wise Outlook
In terms of geography, the global pre-printed tape market is divided into five regions, which includes North America, Latin America, Europe, Asia pacific (APAC), Middle East & Africa (MEA). Asia Pacific is projected witness the maximum growth in the pre-printed tape market primarily driven by the growth of developing economies like India and China. Leading suppliers and manufacturers of printing materials and equipment in China has unfolded several growth opportunities in the pre-printed tape market in Asia Pacific. North America and Europe are expected to witness average growth in the pre-printed tape market, while Latin America and Middle East & Africa are in expected to witness slow and steady growth in the pre-printed tape market over the forecast period.
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Pre-Printed Tape Market: Key Players
Some of the major players of the global pre-printed tape market are Castle Tapes Holdings, ADH Tape, Ameripak, Preferred Tape, Inc., Nadco Tapes & Labels, Inc., Intertape Polymer Group, ProtoPak Engineering Corporation, and many more.
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