Label Protection Tapes Market Size by 2027: Global Analysis with Players, Regions, Types, Applications
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Label protection films are made of plastic, fiber based paper or synthetic paper materials. These tapes are moisture, chemical and grease resistant, waterproof and tamperproof. Label protection tapes manufacturers are increasingly focusing on design and development of new label protection tapes for end use industries such as food & beverages, automotive & electronics, chemicals and pharmaceuticals.
Label protection tapes market in Asia Pacific excluding Japan (APEJ) region is highly contributed by small, medium and unorganized manufacturers. According to World Trade Organization (WTO), global trade growth in 2018 is estimated to stand at approximately 3.2%. The main attributing factors are rise in inter regional trade in Asia Pacific and increasing imports in the U.S. China’s industrial growth is expected to push the Asia Pacific export levels. The global label protection tapes market has direct correlation with the dynamics of global labels market. In the year 2017, the global labels market is estimated to be valued at nearly US$ 40.8 Bn.
Increasing consumer preference towards clean and attractive labels is driving the global label protection tapes market. Label protection tapes protects the labels from tearing and abrasion through delivery process. Label protection tapes easily adhere on many packaging formats and material surfaces. Once bonded, these tapes provide secure adhesion for extended periods . Label protection tapes can be clear/ transparent, and feature a low-glare surface for easy reading of label contents. Label protection tape manufacturers are focusing on launching of low cost and highly durable label protection tapes. Food & beverages end use segment is expected to dominate the global label protection tapes market.
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Construction & building materials industry is increasingly adopting label protection tapes. Cosmetics & personal care and chemicals industries are growing at an attractive year on year growth rates. Developing world is adopting label protection tapes at a higher annual growth rates. Developing world label protection tapes market is highly contributed by emerging economies such as India, Brazil, Argentina, Mexico, South Africa and Nigeria. The recent trends in label protection tapes market is rising end user preference for matte finish, acrylic adhesive and PP backing material.
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