The global custom printed tape market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 3% through 2032. According to recent market analysis, the market is currently valued at US$ 40 billion and is expected to exceed US$ 55 billion by 2032.
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Key Market Trends:
- Growing Demand for Eco-Friendly Packaging Solutions: With increasing emphasis on environmental sustainability, there is a rising demand for eco-friendly packaging solutions. Custom printed tape offers an alternative to costly printing on cartons and helps enhance brand visibility while reducing plastic waste. Manufacturers are focusing on producing high-quality tapes with multicolor printing capabilities to meet this demand.
- Expansion of E-Commerce Sector: The surge in e-commerce activities has positively impacted the custom printed tape market. Custom printed tape is widely used for packaging boxes, striping of goods, and brand enhancement in the e-commerce sector. Its convenience and effectiveness in promoting brands make it a preferred choice for online retailers.
Key Drivers:
- Rapid Growth in Printing Industry: The printing industry is experiencing rapid growth, driven by the demand for attractive packaging and product differentiation. Technological advancements have enabled manufacturers to produce custom printed tapes with bold graphics and color effects at a competitive cost, further fueling market growth.
- Need for Tamper-Proof Security: Custom printed tapes offer tamper-proof security, ensuring the integrity of packaged goods during transit. They serve as a visual deterrent against tampering and provide immediate recognition of package contents, enhancing security and brand trust.
Future Outlook:
The global custom printed tape market is expected to witness steady growth, supported by increasing demand for eco-friendly packaging solutions and the expansion of the e-commerce sector. As manufacturers continue to innovate and offer customized printing options, the market is poised for further expansion in the coming years.
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Report Benefits & Key Questions Answered
- Custom Printed Tape Historical Market Analysis: The detailed survey by FMI, examines key factors in the Custom Printed Tape market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provides refined sales projection of the Custom Printed Tape market for the forecast period 2022-2032.
- Custom Printed Tape Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Custom Printed Tape for the assessment period. As per the study, the demand for Custom Printed Tape will grow at a robust CAGR between 2022 and 2032.
- Custom Printed Tape Market Trend Analysis: The latest study by FMI on the Custom Printed Tape market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of the Custom Printed Tape market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Market Segmentation:
Based on thickness:
- Up to 40 microns
- 40 to 70 microns
- 70 to 100 microns
- Above 100 microns
Based on material:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Bi-axially Oriented Polyethylene Terephthalate (BOPET)
- Others
Based on the end-use industry:
- Food & beverages
- Agriculture
- Electronics
- Textile
- Construction
- Others
About Future Market Insights (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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