Packaging Tape Printing Market: Global Industry Analysis and Forecast (2023-2029)

Packaging Tape Printing Market was valued at US$ 33.94 Bn in 2022, and it is expected to reach US$ 56.23 Bn by 2029, exhibiting a CAGR of 7.48 % during the forecast period 2023-2029.
Packaging Tape Printing Market Overview:
The company's name and logo are printed on the packing tapes, making stock management and identification easier. It improves product visibility and aids with the protection of merchandise during transit. It also improves the product's aesthetic appeal, resulting in rapid package recognition.
Packaging Tape Printing Market Snapshot
To know about the Research Methodology :- Request Free Sample Report

The report explores the Packaging Tape Printing Market's segments (Product Type, Material, Mechanism, Printing link, End-User Industry). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Packaging Tape Printing Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Packaging Tape Printing Market's contemporary competitive scenario.
Packaging Tape Printing Market Dynamics:
The company's brand name and logo are printed on the tape packaging to make it easy to recognize the products that the target audience buys. These printed tapes are used to advertise the product and improve the company's income. Personal sales, merchandising, exhibitions, sales promotion, and other promotional activities can help achieve this. Stock handling and rapid recognition of the desired product are also advantages of printed tape packaging. These tapes help to differentiate products and offer a lot of marketing possibilities. Inkjet printing technology, for example, has a significant impact on packaging printing. This has allowed service providers to enter new markets at a lower cost across a wide range of applications.

Drivers:

One of the primary factors driving the growth of the packaging tape printing industry is the rise in demand for beautiful clothes around the world. The growing need for these tapes, which assure product difference, make packaged products clearly recognizable, and allow for easy product differentiation, as well as the growing demand for creative printing techniques to print packaging tapes, are propelling the market forward. The market is also influenced by the rise in demand for aesthetic aesthetics and novel printing styles on packaging tapes, as well as the increased adoption of printing technologies on packaging tapes by brand owners. Furthermore, rising consumer awareness, increased exports of electronic goods, technological breakthroughs, and growth in the packaging printing industry all benefit the packaging tape printing market.

From being a heavy-machinery-using industry, the worldwide packaging tape printing market has undergone significant transformation to a more software-centric business model. Printer convertors are now equipped with the most up-to-date computer-controlled flow lines and printing machines for binding, while the pre-press department employs the most up-to-date digital technology. A surge in demand for digital printing presents an opportunity for the packaging tape printing industry, as demand for sustainable, cost-effective, and novel printing technologies grows. The packaging tape printing market has grown in scope as a result of the advent of global brands, the rise of the packaging industry, and increased consumerism.

Digital printing is the fastest-growing printing mechanism in the packaging tape printing market, because to its capacity to provide a cost-effective and high-quality solution for producing high-design printed tapes, as well as recycling options. Printer convertors are adding digital printers into their printing presses to take advantage of the benefits of increased dependability, productivity, and cost-effectiveness across longer runs.

The increasing use of printing technology for the production of packaging printed tapes by various manufacturers is expected to drive up global demand for print tapes. Furthermore, rising need for creative and specialized printing methods for packaging tape production, as well as an increase in demand for aesthetically pleasing products, are key drivers that are expected to propel firm expansion in the near future. Furthermore, growth in the packaging industry, increasing rivalry for technical advances, and product differentiation are all expected to stimulate corporate growth in the next years.

Restrain:

Raw material price fluctuations and rising printing costs are projected to stymie market expansion. In the forecast period of 2022-2029, worries about easy contamination and ink evaporation are expected to pose a challenge to the packaging tape printing market.

Opportunities:

Barricades and hazard protection are frequently implemented with printed tapes. The printing techniques utilized on tapes help with dual color and multicolor printing, as well as identifying different sorts of warnings and hazards in hazard-specific hues. As a result, over the forecasted period, opportunities for road labeling and hazard protection applications are likely to skyrocket.

Digital printing, for example, is expected to advance the most in comparison to its predecessors in the tape printing sector. This could be owing to digital technologies' superior printing quality and precision. In reality, compared to other ways, the steps in the printing process are smaller, and the product is more efficient.

Furthermore, in the projection period of 2022 to 2029, the growth in demand for product differentiation, as well as technical advances, provide profitable prospects for market players.

Challenges:

Increased printing costs are expected to hinder the industry growth.

Covid19 Impact:

COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in customer demand and behavior, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The updated study considers the impact of COVID-19 on the market and provides insights, analysis, projections, and forecasts.

Coronavirus has a number of effects on the printed tapes business, as printing technology is the primary driver of the printed tapes market. In the printed tapes market, 3D printing technology is quite popular among different Retail players. Because the government has imposed a lockdown in various parts of the world owing to the coronavirus, several printed tapes makers have banded together to combat the unique coronavirus.
Packaging Tape Printing Market Segment Analysis:
Based on Product Type:

Hot melt carton sealing tape is dominating the market with highest CAGR during the forecast period. The rising demand for hot melt carton sealing tapes in a wide range of industrial applications has boosted the packaging tape printing industry tremendously. During the forecast period, polypropylene is expected to have the greatest market share in the packaging tape printing industry. Polypropylene films, which are extremely strong and rigid, are one of the most versatile, cost-effective, and effective barrier films available. They provide excellent moisture barrier, temperature resistance, clarity, gloss, durability, printing ability, emboss ability, aroma strength, dimensional stability, and processability. It has established itself as an economically feasible alternative for packaging converters, gaining a significant market share in the packaging tape printing business as a result.
Packaging Tape Printing Market, by Type in 2022(%)


Based on the Mechanism:

Digital Printing segment is dominating the market with highest CAGR of during the forecast period. With its capacity to deliver a high-quality and cost-effective solution for creating high-designed printed tapes as well as recycling choices, digital printing is the fastest growing printing mechanism in the packaging tape printing market. Printer converters are incorporating digital printers into their presses to take advantage of the benefits of increased productivity, reliability, and cost-effectiveness over longer runs.

Based on the Material:

Polyvinyl Chloride segment is dominating the market with highest CAGR of during the forecast period.

Based on the Printing Link:

Water-based ink segment is dominating the market with highest CAGR of during the forecast period. Water-based inks provide superior performance and lower printing costs while causing less harm to people and the environment. It complies with current environmental protection regulations to a high degree. The market is expected to develop as demand for ink with low volatile organic compound (VOC) concentration grows. During the projection period, UV curable inks are expected to increase at the fastest rate. These inks may be applied to a wide choice of uncoated substrates and generate a sturdy picture because they are cured by exposure to intense UV light. The UV-curable inks dry as soon as they are cured, allowing for faster printing. These inks have a high density and can be used to print on hard surfaces.

Based on the End-User Industry:

Hospital Pharmacies segment is dominating the market with highest CAGR during the forecast period. Food and beverage, consumer durables, and transportation and logistics are some of the end-user industries driving the packaging tape printing market forward. Because of the rising demand for novel packaging and printing technologies to improve the visibility of packaged items, the food and beverage industry is expected to have the highest market size. During the forecast period, the consumer durables, transportation & logistics, and other end-user industries are also expected to grow.
Packaging Tape Printing Market Regional Insights:
Asia- Pacific region dominated the market with highest share in 2022. The Asia-Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period.

From 2022 to 2029, Asia-Pacific is expected to have the greatest market share and dominate the worldwide packaging tape printing industry. China, as one of the main manufacturers and suppliers of printing materials and equipment, sees a lot of potential in packaging tape printing, and hence held the greatest market share in the Asia-Pacific region in 2022. However, because to the desire for high-quality printing at a cheap cost while conforming to government rules, the market continues to confront hurdles.

The high expenses of constructing a printed tapes factory, as well as fluctuating raw material prices, are expected to stymie the worldwide printed tapes industry's growth. However, increased investment by a number of major players in developed and emerging markets around the world, as well as rising demand from developing countries like as India and China, are expected to create significant potential for global printed tapes makers.

In 2022, the North American market was the second largest, owing to rising demand for packaging and transportation & logistic applications in the region's countries.

The objective of the report is to present a comprehensive analysis of the Packaging Tape Printing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Packaging Tape Printing Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Packaging Tape Printing Market make the report investor’s guide.
Packaging Tape Printing Market Scope: Inquire before Buying



Global Packaging Tape Printing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 33.94 Bn.


Forecast Period 2023 to 2029 CAGR:
7.48%
Market Size in 2029:
US$ 56.23 Bn..


 Segments Covered:
by Product Type
Hot melt carton sealing tape
Acrylic carton sealing tape
Natural rubber carton sealing tape


by Mechanism
Flexography
Lithography
Digital printing
Screen printing
Gravure
Others


by Material
Polypropylene
Polyvinyl chloride
Others


by Printing Ink
Water-based ink
UV-curable ink
Solvent-based ink


by End-User Industry
Food & beverages
Consumer durables
Transportation & logistics
Others



Packaging Tape Printing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Packaging Tape Printing Market, Key Players are
1. The 3M Company
2. Windmill Tapes
3. Bron Tapes, Inc.
4. Le Mark Group Ltd
5. Easitape
6. Shurtape Technologies, LLC
7. The BoxMaker
8. Packit Packaging Solutions
9. Uline
10. FLEXcon Company, Inc.
11. Cenveo Corporation
12. Xerox Corporation
13. DuPont
14. Canon Inc.
15. WS Packaging Group, Inc.
16. DIC CORPORATION
17. HP Development Company
18. Flint Group
19. SICPA HOLDING SA
20. Preferred Tape Inc.
21. NADCO Tapes & Labels, Inc.
22. Intertape Polymer Group
23. ProtoPak Engineering Corporation.

Frequently Asked Questions:

1] What segments are covered in the Global Packaging Tape Printing Market report?
Ans. The segments covered in the Packaging Tape Printing Market report are based on Product type, Mechanism, Material, Printing Ink, End-User Industry.

2] Which region is expected to hold the highest share in the Global Packaging Tape Printing Market?
Ans. Asia Pacific region is expected to hold the highest share in the Packaging Tape Printing Market.

3] What is the market size of the Global Packaging Tape Printing Market by 2029?
Ans. The market size of the Packaging Tape Printing Market by 2029 is expected to reach US$ 56.23 Bn.

4] What is the forecast period for the Global Packaging Tape Printing Market?
Ans. The forecast period for the Packaging Tape Printing Market is 2023-2029.

5] What was the market size of the Global Packaging Tape Printing Market in 2022?
Ans. The market size of the Packaging Tape Printing Market in 2022 was valued at US$ 33.94 Bn.