Packaging Tape Printing Market is Expected to Grow at a CAGR of 6.2% CAGR by 2023

PUNE, India, 2017-Jul-03 — /EPR Network/ — Market Research Future published a half cooked research report on Global Packaging Tape Printing Market. The global packaging tape printing market is expected to grow around 6.2% CAGR during the period 2017 to 2023.

Market Highlights

The global packaging tape printing market is expected to grow significantly owing to the boom in the packaging and labelling industry which requires extensive use of printed packaging tape. The increase in the demand for premium packaging of various products across food & beverage industry and consumer durables and the need of distinguishing them from one another is also expected to drive the demand for printed tapes used in packaging. The packaging tape printing market is also expected to be driven with the continuous improvements in the marketing activities and the rapid growth of colored labelling.

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Key Players of Packaging Tape Printing Market:

• Quad/Graphics Inc. (U.S.)
• Hewlett-Packard Development Company, L.P. (U.S.)
• I. du Pont de Nemours and Company (U.S.)
• Xerox Corporation (U.S.)
• SIAT S.p.A (Italy)
• RR Donnelley & Sons (U.S.)
• Canon U.S.A., Inc. (U.S.)
• FLEXcon Company, Inc. (U.S.)
• WS Packaging Group (U.S.)
• Cenveo, Inc. (U.S.)

Market Research Analysis:

Based on all types of ink used for printing of packaging tapes, the water-based printing ink is expected to grow significantly during the forecast period. Water-based inks have the ability to offer better performance in terms of clarity required for printing and low printing cost associated with water-based printing ink which ensures less damage to both people and environment.  The increased demand of water-based printing ink having low volatile organic compound (VOC) content is also contributing to the growth of the overall packaging tape printing market.

Based on all types of material, the polypropylene is expected to grow the highest. Polypropylene films are very strong and rigid in nature which ensures effective packaging of raw materials for a longer duration of time. The polypropylene material is the versatile, economic and offer excellent moisture barrier, clarity, durability, the ability to print, aroma strength and dimensional stability.

Scope of the Report:

This study provides an overview of the global Packaging Tape Printing market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Packaging Tape Printing market by its type, by application and regions.

By Material

• Hot Melt
• Acrylic

By Material

• Polypropylene
• PVC
• Others

By Printing Ink

• Water-based
• UV-curable

By Regions

• Asia Pacific
• North America
• Europe
• Rest of World

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