Ongoing Industry Analysis Report Tracks the Forecasted Expansion of Flat Back Tape Market for 2017-2027 Period
Flat back tape market: Market Dynamics
The global flat back tape is expected to grow at a healthy CAGR over the forecast period. The increasing demand for the temperature resistant packaging clubbed with the increasing usage of these tapes in industrial goods market is expected to fuel the growth in the flat back tape market over the forecast period. The advantages associated with the flat back tapes like feasibility to handle high weight products, water and moisture resistant features etc. has also accelerated the growth in the flat back tape market. In addition, flat back tapes are best suited for transporting large cartons, and therefore it is a cost effective solution for manufacturers and brand owners to transport their products through large cartons than through multiple smaller cartons which further drives the demand in the flat back tape market. Additionally, flat back tapes are preferred over other conventional tapes and adhesives as these tapes can be applied without using a dispenser.
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Flat back tape market: Market Segmentation
The global flat back tape market is segmented on the basis of application, adhesive process, and adhesive type
Based on the application the global flat back tape market is segmented into:
Others (tabbing etc.)
Based on the adhesive process the global flat back tape market is segmented into:
Based on the adhesives type the global flat back tape market is segmented into:
Flat back tape Market: Regional Outlook
Geographically, the global flat back tape market is divided into five regions North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Asia Pacific is expected to dominate the growth in the flat back tape market, primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies. The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor. Further, North America and Europe are expected to witness an above average growth in the flat back tape market over the forecast period. Furthermore, these regions are expected to grow less aggressively in comparison to Asia Pacific, due to shift in production from developed economies to Asia Pacific. Latin America and MEA are expected to experience a moderate growth in the flat back tape market.
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Flat back Tape Market: Key players
Some of the key players in the global flat back tape market are Intertape Polymer Group, 3M Company, Industrial Tape & Supply Co, Can-Do National Tape, KRUSE ADHESIVE TAPE, Menard, Inc., Canadian Technical Tape Ltd. etc.
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