By the end of the year 2022, the net worth of the total pre-printed tapes sold globally was figured out to be US$ 40 billion. The pre-printed tape market is expanding significantly around the globe, with anticipated revenues of US$ 41.2 billion in the current year 2023.
According to FMI experts, the global sales of pre-printed tapes are expected to progress at an annual average growth rate of 3% until 2033. Furthermore, the global market is expected to develop significantly, rising to a projected value of US$ 55.4 billion by the end of the year 2033.
Pre-printed tapes are being used widely across a variety of sectors, which has greatly improved the business opportunities for market participants that manufacture them. Among the many reasons for the rising demand for pre-printed tapes, first off, is the ease it provides to customers.
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The trend of e-commerce and online buying has experienced an unheard-of upsurge resulting in a noticeable increase in the need for effective and attractive packaging solutions.
Pre-printed tapes have emerged as a popular option for businesses to boost their branding and guarantee package security at the same time. Moreover, its capacity to display brand logos, messages, and handling instructions has assisted greatly in its rising demand as well.
Pre-printed tapes streamline logistics and help with traceability in the electronics sector where product components need to be handled and identified with care.
Key Takeaways from the Global Pre-printed Tape Market Study Report by FMI
- The worldwide sales of pre-printed tapes are anticipated to generate a value of US$ 14 billion, in terms of absolute dollars, over the next ten years.
- The overall market in the United States remained dominant until the year 2022 with a sizeable revenue share of the global market.
- Germany is the leading supplier of pre-printed tapes in Europe, while the demand for pre-printed tapes in the United Kingdom is expanding at a significant rate currently.
- There has been a notable increase in sales of pre-printed tapes in the Asia Pacific region, and this trend could continue until the year 2033. For instance, China and India are poised to witness high growth rates than any other country.
Competitive Landscape for the Pre-printed Tape Market Players
Castle Tapes Holdings, ADH Tape, Ameripak, Preferred Tape, Nadco Tapes & Labels, Intertape Polymer, and ProtoPak Engineering, are some top players operating in this market. Further, the rivalry among these leading market participants has been fierce as a result of the rising demand for pre-printed tapes.
The development of printing technologies like digital printing and flexography has encouraged new players to enter the market, fostering market expansion. Moreover, they are widening their product portfolios to meet a variety of client demands as the demand for specialized and premium packaging solutions is growing.
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Recent Developments by the Pre-printed Tape Manufacturing Industries
In October 2022, Intertape Polymer Group unveiled the introduction of its new line of pre-printed tapes particularly for packaging applications. This latest collection of pre-printed tapes from the Company is intended for use with corrugated boxes, shipping labels, and shrink-wrap.
Avery Dennison, a producer of pre-printed tapes, announced in January 2023 that it had acquired Tapecon Company. Avery Dennison is going to now have access to Tapecon’s knowledge in the development and production of pre-printed tapes for the retail, healthcare, and industrial sectors.
Key Segments Profiled in the Pre-printed Tape Industry Survey Report
By Printing Technology:
- Lithography
- Flexography
- Digital printing
- Screen printing
- Other Printing Technologies
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Aluminum and copper foils
- Others
By Adhesive Type:
- Hot-Melt
- Acrylic
- Solvent-based
- Water-based
- Others
By Application:
- Bundling
- Carton Sealing
- Tamper Evident Seals
- Product and Company Identification
- Other
By End User:
- Food & Beverage
- Pharmaceuticals
- Cosmetics & toiletries
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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