Central Reinforced Tape Market Estimated to Record Highest CAGR by 2027

Central Reinforced Tape – Market Overview

In the last few decades, the packaging industry is growing across the globe. Due to rapid industrialization and giving preference to e-commerce shopping helps in driving corrugated box market. Central reinforce tape is a kind of solution which provides consistent performance in box sealing applications where extra strength, durability, and reliability are required. The starch-based adhesive used in manufacturing the central reinforced tape is capable of absorbing dust and provide bonds securely on the carton boxes. Central reinforced tape is considered as recycling-friendly as it does not interfere with the corrugated box recycling process. Alternatively, other tapes need to remove from the corrugated box before recycling, otherwise it affects recycling process. Custom printed tape are available in non-printed, stock printed and custom print grade. Printing on central reinforced tape is a key trend in the market, because it helps in establishing the brand image and distinguish the product from others. The central reinforced tape is a type of water activated tape and it bonds instantly to both virgin and recycled fibre surface and generates immediate destructive bond resulting in a tamper evident package. Owing to its several features, central reinforced tape market is expected to grow during the forecast period.

Central Reinforced Tape - Market Dynamics

Central reinforced tape market is expected to grow due to the several factors. One of the considerable factors which help in driving the market of central reinforced tape is rising preference among consumer towards e-shopping. Merchandise deliver product to the consumer with proper packaging for safe delivery of the products so it rises demand of the central reinforced tape. In addition, custom reinforced tape is useable in all-weather conditions, including extreme hot or cold temperature and gives better result than alternative tape solution at a different temperature. This is the reason for preferring the use of central reinforced tape for sealing of carton boxes in the packaging industry. Growth in the logistics and shipping industry is also one of the key contributors to the growth of the global central reinforced tape market. Availability of a large amount of alternative tape solution may hamper the growth of the central reinforced tape market.

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Central Reinforced Tape - Market Segmentation

The central reinforced tape market is segmented on the basis of application and end use.

On the basis of application, central reinforced tape market is segmented into –

Sealing
Strapping
Holding
Security Control
Others (identification)

On the basis of end use, central reinforced tape market is segmented into –

Food & Beverages
Consumer Goods
Electrical & Electronics
Industrial Packaging
Others

Central Reinforced Tape Market - Regional outlook

Central reinforced tape market has been segmented on the basis of the region into Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa (MEA), and North America. Among this region, North America and Europe are expected to collectively dominate the market throughout the forecast period. However, many tape suppliers and converter companies are investing in Asia Pacific to tap the demand and potential of central reinforced tape. Latin America and Middle East & Africa are expected to witness sluggish growth during the forecast period. In North America, Europe, and Asia Pacific, Europe is expected to create maximum incremental opportunities in terms of revenue for companies involved in central reinforced tape. However, China and India based tape manufacturers are looking to seize most of the opportunity offered in terms of revenue from the global central reinforced tape market.

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Central Reinforced Tape Market - Key players

Few of the key players identified across the globe in the central reinforced tape market are 3M Company, Uline Inc., Holland Manufacturing Co., Can-Do National Tape, Nitto Denko Corporation, Neubronner GmbH & Co., Scapa Group Plc., Supertape etc.

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This release was published on openPR.