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Tape and Label Cores Market Growth and Forecast 2017-2025
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Tape and Label Cores Market: Market Dynamics
Tapes market is rapidly growing due to its wide range application from sealing to masking in shipping and logistic industries to building and construction. To tap the potential tapes, market manufacturers are focusing on improving the consumer experience while using the tapes. World tape market is estimated to be around US$ 50 Bn and is expected to grow at a CAGR of over 5% over the forecast period. The growth in the use of tapes is the key driver for tape and label cores market. Trough prints of company’s name and logo on the cores companies are leveraging the wide range of application of tapes in various industries for building brand image while boosting the growth in tape and label cores market. Tape cores are essential to provide strength to tape and labels for providing the convenience in the usage of tapes which provides the sustainability in tape and label cores market. Low cost of the raw material utilized in manufacturing of tape and label cores is another factor supporting the demand in tape and label cores market. However, technological advancements such as digital dispensers may limit the use of tape core in industries while limiting the growth in tape and label cores market.
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Tape and Label Cores Market: Key Players:
Some key players in tape and label cores market are Sonoco Products Company, PTS Manufacturing Co., Western Container Corporation, MAGNETICS, COREX Group, Denka Company, Teel Plastics, Inc., Northcore Industries Inc., Available Plastics, Inc. and Excalibur Extrusion, Inc.
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