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North American Packaging Tape Printing Market by Product Type, Material, Printing Ink, Mechanism, End-user - Forecast to 2020

North American Packaging Tape Printing Market: Forecast until 2020

  • December 2015
  • 165 pages
  • ID: 3458923
In this report:
It is followed by consumer durables-the second-largest end-user industry, with a market share of ##.##% in 2014, and was valued at USD ##.## billion in the same year.
According to the Canada Printing Industry Association, Canada's commercial printing industry is widely dispersed, and accounted for around ##.##% of all manufacturing industry in Canada in 2012.

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The market research "North American Packaging Tape Printing Market by Product class, Material, Printing Ink, Mechanism, End-user - Estimate to 2020" Published by MarketsandMarkets, the Packaging Tape Printing Market size is forecasted to grow from USD 5.4 Billion in 2015 to attain USD 7.0 Billion by 2020, at an estimated compound annual growth rate of 5.40 percent between 2015 and 2022.

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Printing on the packaging tapes highlights the company's name and logo, permits ease of stock handling and identification, enhances the visibility of product, and safeguards the merchandise during transit. It also makes the product visually appealing, thereby resulting in instant recognition of the packages. The high rise of the Packaging Tape Printing Market can be accredited to the fact that a significant number of brand owners are harnessing the printing technology over packaging tapes.

Increasing demand for aesthetic appeal and innovative printing styles to print packaging tapes

Packaging tape printing has evolved as an integral part of the creative process for firms across the territory seeking to garner attention or give their brand an aesthetically pleasing appearance, transforming it into a quickly increasing market of its own. Printing on packaging tapes possesses high marketing potential; it allows product differentiation and ensures that the product is distinct and easily recognizable. Increase in the packaging printing sector, demand for aesthetic appeal, product differentiation, and technological improvements are some of the drivers behind the rise of the Packaging Tape Printing Market. The advent of overall brands, growing consumerism, and increase of the packaging market recorded for a significant growth in the scope of the Packaging Tape Printing Market.

Water-based inks to witness most important market size in the packaging tape printing market

Water-based inks offer better performance and low printing cost with less damage to the environment. It exhibits high level of compliance with the current environmental protection standards. Water-based inks are anticipated to hold the largest portion of market share and dominate the Packaging Tape Printing Market between 2015 and 2022. The increased demand of ink having low volatile organic compound content is fueling the sector to grow.

Digital printing to play a main role in the packaging tape printing market

Digital printing in the Packaging Tape Printing Market is the quickest-increasing printing mechanism with its ability to offer a high-quality and cost-effective solution for manufacturing high designed printed tapes together with the recycling options. Printer convertors are adding digital printers in their printing press to leverage its benefits of improved productivity, reliability, and profitability over higher runs.

Hot melt carton sealing tapes to witness the most important value in the packaging tape printing market

The industry of hot melt carton sealing tapes is anticipated to be the biggest in terms of value, during the estimate period. The large demand for hot melt carton sealing tapes in the big number of industrial applications has contributed significantly in accelerating its demand in the Packaging Tape Printing Market.

Polypropylene to witness most important demand in the packaging tape printing market

Polypropylene in the Packaging Tape Printing Market is anticipated to attain the biggest industry size, during the outlook period. Polypropylene films, according to their high strength and rigidity, are one of the most versatile, economic, and pre-potent barrier films that offer excellent moisture barrier, temperature resistance, clarity, gloss, durability, the ability to print, embossability, aroma strength, dimensional stability, and processibility. It has emerged as an economically viable alternative for packaging converters, thereby commanding a main market share in the packaging tape printing sector.

Food & beverage market provides maximum market share

Food & beverage, consumer durables, and transportation & logistics are some of the end-user sectors contributing towards the high rise of the Packaging Tape Printing Market. The food & beverage sector is forecasted to witness the most important market size due to the increased demand for innovative packaging and printing technologies in order to improve the visibility of packaged products.

The United States (USA) is anticipated to attain the largest part of market share in the North American Packaging Tape Printing Market

The United States is forecasted to hold the biggest market share and dominate the North American Packaging Tape Printing Market between 2015 and 2022. The U.S.A, being the biggest manufacturer and supplier of printing materials and equipment, exhibits high-potential increase opportunities for the Packaging Tape Printing Market. Nevertheless, the sector continues to face opportunities due to demand for high-quality printing at low cost while adhering to the government regulations. The main players in the Packaging Tape Printing Market contain Quad/Graphics, Hewlett-Packard Development Company, L.P., Xerox Corporation, DuPont (NYSE:DD, RR Donnelley & Sons, SIAT S.p.A, and others.

The scope of the report includes exhaustive information concerning the main factors influencing the increase of the Packaging Tape Printing Market including drivers, market restraints, opportunities, and alternatives. An in-depth study of the top industry actors has been done to furnish business insights into their sector overview, products and services, top strategies, recent product launches, mergers & acquisitions, alliances, strategic agreements, collaborations, and recent evolutions combined with the Packaging Tape Printing Market.

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