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Printed Tape Market Trends

  • Report ID: GMI10643
  • Published Date: Aug 2024
  • Report Format: PDF

Printed Tape Market Trends

The printed tape industry is witnessing a notable shift, driven by the growing emphasis on eco-friendly and sustainable packaging. Both consumers and businesses are actively seeking packaging solutions that are recyclable, biodegradable, or sourced from renewable materials. In response, manufacturers of printed tape are innovating, utilizing sustainable materials and eco-friendly inks to lessen their environmental impact. This strategic move not only echoes broader corporate sustainability objectives but also aligns with tightening regulations, particularly those targeting plastic waste reduction and the promotion of circular economies. By embracing these green packaging solutions, companies are not only satisfying consumer demands but also bolstering their brand reputation, ensuring compliance with environmental standards, and positioning themselves for sustained market growth and competitive advantage.
 

Technological advancements, notably in digital and flexographic printing, coupled with advanced adhesive technologies, are revolutionizing the printed tape market. Manufacturers are now capable of crafting superior, customizable tapes with heightened efficiency. Digital printing facilitates on-demand production and intricate designs, while flexographic printing excels in speed and cost-effectiveness, particularly for large runs. Concurrently, advancements in adhesive technologies bolster tape performance, enhancing adhesion, durability, and tamper-evidence. These strides in technology not only cater to the rising demand for personalized and high-performance packaging solutions but also empower companies to meet diverse customer needs, ensuring their competitiveness.
 

By embracing these innovations, manufacturers can not only offer cutting-edge products but also adeptly navigate evolving market trends. For instance, in January 2024, 3M Company unveiled a new line of printed tapes that incorporates advanced adhesive technology. This innovative product line aims to enhance performance by offering superior adhesion, durability, and tamper-evidence. The launch reinforces 3M's leadership in the market, providing customers with cutting-edge solutions for various packaging and shipping needs. This move reflects 3M's commitment to innovation and quality, helping businesses achieve more reliable and efficient packaging solutions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for printed tape was USD 32.3 billion in 2023 and is expected to register over 7% CAGR from 2024-2032 owing to the rising global trade and consumerism fuelling demand.

Printed tape industry from the polypropylene segment is expected to reach over USD 35 billion by 2032 due to its exceptional blend of strength, flexibility, and durability.

Asia Pacific industry held over 36% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to sophisticated industrial setup and technological prowess in the region.

3M, Avery Dennison Corporation, Henkel AG & Co. KGaA, Scapa, Tesa SE, Intertape Polymer Group Inc., and Nitto Denko Corporation, are some of the major printed tape companies worldwide.

Printed Tape Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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