Report forecast the global packaging tape printing market to
grow at a CAGR of 6.02% during the period 2016-2020.
Packaging tapes are a type of adhesive tapes. The global
packaging tapes market accounted for a share of 65.97% of the global adhesive
tapes market in 2015. The global packaging tapes market is anticipated to post
a CAGR of 5.34% during the forecast period.
The report covers the present scenario and the growth
prospects of the global packaging tape printing market for 2016-2020. To
calculate the market size, the report discusses the major drivers that
influence the growth of the global mobile device accessories market.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one of the key drivers for market
growth will be growth in packaging and labeling industry. The significance of
packaging is increasing worldwide. Apart from providing information about the
price and name of the product, packaging plays a big role in attracting
customers in terms of design, color, and ingredients. Also, the convenience of
carrying, using, and disposing of the package is essential. In this highly
cluttered markets, creating shelf appeal and visibility is the most important
strategy for manufacturers. Therefore, manufacturers are focusing on good
packaging and labeling to create brand awareness and attract consumers;
thereby, bringing growth to the packaging tape printing market with respect to
labels and printed packages.
Further, the report states that high capital investment is
needed for the digital printing equipment. The cost of digital printing is high
because of the high average unit cost of printing. Even established players
need to invest significantly in their new production plants to start
operations. These massive investment requirements prevent the development of
new technologies and are a major challenge for the growth of the market. The
average unit cost of digital printing is higher than that of analog printing technologies
like flexography and offset printing. Although there is an increase in demand
for digital printing technologies in the market, vendors will have to invest
diligently in developing digital printing technologies due to the high cost of
development.
Global Packaging Tape Printing Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global packaging tape printing
market: AB Graphic International, HP,
Landa, RR Donnelley & Sons, and Xeikon.
Other Prominent Vendors in the market are: Anglia Labels,
Cenveo Labels and Packaging, Dainippon Screen, EC Labels, Edwards Label, Flexo
Image Graphics, Frontier Label, Graphix Labels, Harkwell Labels, Heidelberg
Druckmaschinen, Lofton Label, Tonejet, and Yerecic Label.
Market driver
- Increased demand for premium packaging
- For a full, detailed list, view our report
Market challenge
- Ineffective customer retention strategy
- For a full, detailed list, view our report
Market trend
- Dominance of analog technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 24 Exhibit “Global
Packaging Tape Printing Market 2016 - 2020” report covers Executive summary, Scope
of the report, Market research methodology, Introduction, Market landscape, Market
segmentation by technology, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape, Key vendor analysis,
Appendix.
For
more information Visit at: http://mrr.cm/3qj
Related Report;
Global Flexible Packaging Market for Food and Beverages
2016-2020 - Visit at - http://mrr.cm/3q9
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