Global Packing Tape Printed Custom Market Size, Share, Growth, Future Scope, Analysis by Product (Hot Melt, Acrylic), Material (Polypropylene, PVC, Others), Printing Ink (Water-based, UV-curable) & by Region – Global Forecast to 2023.
Packing Tape Printed Custom Market Overview
The global Packing Tape Printed Custom Market is expected to grow at a strong CAGR of 6.2% over the forecast period from 2017 to 2023, according to the latest research from Market Research Future (MRFR). The global Packing Tape Printed Custom Market is mainly driven by the growth of the packaging industry and the growing awareness about the benefits of packaging tape printing in terms of customer outreach and marketing.
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On the other hand, the Packing Tape Printed Custom Market faces certain impediments such as the price volatility of raw materials used in packaging tape printing setups. However, the significant benefits of packaging tape printing in terms of increasing the brand visibility are likely to lead to rising adoption of packaging tape printing processes in various end-use industries regardless of their drawbacks.
Leading players in the global Packing Tape Printed Custom Market include
- Cenveo Inc.
- WS Packaging Group
- FLEXcon Company Inc.
- Canon USA Inc.
- RR Donnelley & Sons
- SIAT SpA
- Xerox Corporation
- I. du Pont de Nemours and Company
- Hewlett-Packard Development Company LP
- Quad/Graphics Inc.
The global Packing Tape Printed Custom Market is segmented on the basis of product, material, printing ink, and region.
By product type, the global Packing Tape Printed Custom Market is segmented into hot melt and acrylic.
By material, the market is segmented into polypropylene, PVC, and others.
By printing ink, the Packing Tape Printed Custom Market is segmented into water-based and UV-curable ink.
In May 2019, Cepak launched a new suite of e-commerce-oriented packaging solutions. The suite takes into account the increasing importance of product packaging in terms of brand awareness and recognition and is thus built to maximize a company’s gains from these means.
Asia Pacific is likely to dominate the global Packing Tape Printed Custom Market over the forecast period due to the growing demand from the packaging industry in China. China has become a major global leader in the packaging industry, partly due to the growing demand from China-based online retailers. This has driven the demand for packaging tape printing in China and elsewhere in Asia Pacific. China is likely to remain one of the leading manufacturers as well as consumers of packaging tape over the forecast period, which is likely to drive the Packing Tape Printed Custom Market at a stable growth rate in this region. The growing prospects of the ecommerce industry in Asia Pacific are likely to be the major driver for the Packing Tape Printed Custom Market in in the region over the forecast period.
North America is likely to hold the second largest share in the global Packing Tape Printed Custom Market over the forecast period, followed by Europe. North American companies such as Canon, Xerox, and WS Packaging are among the leading manufacturers in the global Packing Tape Printed Custom Market, giving this region a strong foundation to build on. The growing ecommerce market in North America is likely to drive the demand from the Packing Tape Printed Custom Market in the region over the forecast period.
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