Global Printed Tapes Market Is Expected to Generate US$ 74.5 billion by 2033: Fact.MR Research

0
22

Rockville, Jan. 19, 2023 (GLOBE NEWSWIRE) — Worldwide sales of printed tapes are forecasted to accelerate at a CAGR of 7.6% from 2023 to 2033, as per a new industry analysis conducted by Fact.MR, a market research and competitive intelligence provider. As such, the global printed tapes market is estimated to reach a valuation of US$ 74.5 billion by the end of 2033.

Printed tapes are helpful to spotlight logos, products, or companies. These are hot melt and are also used as an efficient alternative for printed cartons which are further predicted to contribute to market opportunities. Printed tapes come with the fast adhesive strength of artificial rubber even at low temperatures compared to other adhesives, such as acrylic adhesives. Furthermore, they are more resistant to UV radiation and aging. Sellers can feel protected towards their respective products owing to professional design assistance, quality checks, and alignments provide by these tapes at every step. These tapes are applied to avoid black marketing.

Furthermore, printed tapes are also used to reduce cartoon printing due to their economical price. Increasing interest of companies in printed tapes for packaging is projected to enhance the overall demand for these products over the coming years. The use of printed tapes also assists in printing messages to ensure the appropriate handling of goods in transit. This further increases the confidence of consumers and thus the market is gaining impetuses. Furthermore, the rising use of various technologies for some specific printing requirements along with the application of high-strength polymer tapes are predicted to contribute to generating new growth opportunities in the industry.

Download a Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=8240

The market in the Asia Pacific region is anticipated to grow at a noticeable rate during the forecast period due to the growing demand for printed adhesive tapes from different applications such as die packaging, branding, and others.

On the flip side, in recent years, there has been a noteworthy increase in environmental concerns with the use of plastic tapes, which is estimated to create hurdles for new entrants in the global market. Different operations that are used to manufacture plastic and paper or pulp tape products are releasing a lot of components into the environment that can pollute air and water. Even for the production of non-decomposable plastic tapes, numerous harsh compounds are generated, which can adversely impact market growth.

Key Takeaways from Market Study

  • The global printed tapes market is estimated to reach a valuation of US$ 74.5 billion by the end of 2033.
  • Sales of printed tapestry in Canada are predicted to increase at a CAGR of 6.2% through 2033.
  • The current value of the global printed tapes market is US$ 35.5 billion.
  • The expected CAGR for the market is 7.6% through 2033.
  • The U.S. market accounted for US$ 7.9 billion in the year 2022.

“Rising requirement for printed tapes in food & beverage applications for packaging, promotion, and branding activities are anticipated to drive market growth,” mentions a Fact.MR analyst.

Segmentation of Printed Tapes Industry Research

  • By Type :
    • Polypropylene
    • Polyvinyl Chloride
    • Other Raw Materials
  • By Application :
    • Food & Beverages
    • Consumer Durables
    • Transportation & Logistics
    • Others
  • By Printing Ink :
    • Water-based
    • Solvent-based
    • UV Curable
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=RC&rep_id=8240

Winning Strategy

Research & development, acquisitions, and technology launches are some key strategies that are adopted by industry players in the global printed tapes industry.

For instance,

  • 3M in October 2019 acquired Acelity, Inc. along with its KCI subsidiaries around the world with a significant value. Acelity is a prominent global company that is leading in medical technology and concentrating on specialty surgical applications and advanced wound care marketed under the brand, KCI.

Key Companies Profiled

  • 3M
  • ADH Tape
  • Windmill Tapes
  • BSK Print
  • Supertape
  • Kilby Packaging
  • Packit Packaging Solutions
  • Shurtape Technologies LLC

Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/8240

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global printed tapes market for the period of 2023-2033.

The study divulges essential insights into the market on the basis of type (polypropylene, polyvinyl chloride, other raw materials), application (food & beverages, consumer durables, transportation & logistics, others), and printing ink (water-based, solvent-based, UV curable), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Check out more related studies published by Fact.MR Research: 

Edge Band Tapes Market: Edge band tapes have gained momentum in the market over the last decade with the rising globalization and increasing growth in the transportation & logistics sector. Generally, edge band tapes are made up of many different material types for packaging various products in numerous end-use industries, such as food & beverages, pharmaceutical, consumer products, automotive, and electrical & electronics, etc. among many other industries.

Wing Walk Tapes Market: According to latest research study by Fact.MR, wing walk tapes market is anticipated to grow at a CAGR of over 6.2% during 2021-2031. The demand is led by increasing usage of the product in aviation and defense industry.

Athletic Tapes Market: The global athletic tapes market valued at US$ 543.8 Million in 2022 and in 2023 be valued at US$593.8 Million. During the 2022-2032 period of assessment, demand is expected to rise at a 9.2% value CAGR, likely to reach US$1431.7 Million by the end of the said forecast period.

Surface Protection Tapes Market: The global surface protection tapes market stands at a valuation of US$ 15.9 billion in 2023. Worldwide demand for surface protection films and tapes is forecasted to increase at a CAGR of 8.5% to reach a market value of US$ 36 billion by the end of 2033.

Dry Wall Tapes Market: In 1939, Georgia, USA drywall taping tools surfaced up when two brothers Stan and Robert were figuring out new ways for finishing drywall. It is craggy paper tape that is designed in such a way to help in preventing water damage, tearing among many other advantages.

About Us:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Tel: +1 (628) 251-1583