Market Research Report
Packaging Tape Printing Market by Product Type (Hot Melt, Acrylic), by Material (Polypropylene, PVC), by Printing Ink (Water-based, UV-curable), by Mechanism (Digital Printing, Flexography), by End-user industry & by Region - Forecast to 2020
|Published by||MarketsandMarkets||Product code||348592|
|Published||Content info||252 Pages
|Packaging Tape Printing Market by Product Type (Hot Melt, Acrylic), by Material (Polypropylene, PVC), by Printing Ink (Water-based, UV-curable), by Mechanism (Digital Printing, Flexography), by End-user industry & by Region - Forecast to 2020|
|Published: January 6, 2016||Content info: 252 Pages||
The global packaging tape printing market is projected to grow from USD 21.42 billion in 2015 to USD 28.78 billion by 2020, at a CAGR of 6.08% from 2015 to 2020. The packaging tape printing market is driven by factors such as growing demand of aesthetically appealing tape with innovative printing styles, high demand of digital printing, and rising demand from end-user industry.
The water-based ink segment is estimated to contribute the largest market share during the forecast period. These inks offer better performance, low printing cost, and less damage to both people and environment. It exhibits high level of compliance with current environmental protection standards. Digital printing is expected to be the fastest growing mechanism in the packaging tape printing market. Printer convertors are adding digital printer in their printing press to realize the benefit of improved productivity, reliability, and cost-effectiveness over higher runs. Polypropylene has emerged as an economically viable alternative for the packaging converters, and has thereby commanded a major market share in the packaging tape printing industry. Furthermore, owing to the increased demand of innovative packaging and printing technologies so as to enhance the visibility of packaged products, the packaging tape printing market is projected to witness growth in consumer durables sectors, with food & beverages industry contributing the largest market share during the forecast period.
Asia-Pacific is projected to have the largest market share and dominate the global packaging tape printing market from 2015 to 2020. China, one of the leading manufacturer and supplier of printing materials and equipment, exhibits high growth opportunities for the packaging tape printing market. However, the market continues to face challenges due to demand for high-quality printing at low cost while adhering to the government regulations.
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. The distribution of primary interviews is as follows:
Note: Others include sales managers, marketing managers, and product managers
The tiers of the companies are defined on the basis of their total revenue, as of 2013: Tier 1 ≥USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 ≤USD 1 billion
The global packaging tape printing market traditionally brought innovations in materials and equipment used in the operation of packaging tape printing. With the invention of various printing technologies such as digital printing and three-dimensional printing, the Global packaging tape printing market took a huge leap forward. It has advanced to the level of technological complexity and flexibility that it provides to firms in terms of designing and marketing their product. The packaging tape printing market has kept pace with technological advances seen in other industries and is poised to attain economic and technological expansions in the near future.
The key players in the packaging tape printing market, profiled in the report, are as follows:
The report will help the market leaders/new entrants in this market in the following ways:
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.