Packaging Tape Printing Market - Forecast(2023 - 2028)

Report Code: CMR 87694 Report Format: PDF + Excel

Packaging Tape Printing Market Overview

The Packaging Tape Printing Market size is forecast to reach US$36.2 billion by 2027 after growing at a CAGR of 4.8% from 2022 to 2027. The Packaging Tape Printing is a type of tape that represents the logo or brand as promotion advertising. These tapes have the adhesive strength of synthetic rubber offer resistance to UV radiation. The packaging of printed tapes uses materials such as polyvinyl chloride, polypropylene, polyamide, paper and others that provide aesthetic appeal. The demand for Packaging Tape Printing in food beverage is growing as these tapes provide visibility of the packaged items, thereby creating a drive in the Packaging Tape Printing Market. Furthermore, the rising application of printed packaging tapes across end-use industries such as consumer durables, transportation, personal care and others for promotion marketing will offer major growth in the market during the forecast period.

Packaging Tape Printing Market COVID-19 Impact

The economic slowdown disruptions during the covid-19 pandemic created a major impact on the Packaging Tape Printing MarketPackaging Tape Printing has rising demand in food beverage, personal care, others. The disruption in production, logistics disturbances, disrupted supply chain and other lockdown restrictions led to a major fall in the market. The food beverage sector faced raw material shortages, closure of food outlets, falling demand for out-of-home food items. According to the United States Department of Agriculture (USDA), the food spending totalled USD 1.69 trillion in 2020, showing a fall from USD 1.79 trillion in 2019 in the U.S. The decline in the growth of the food beverage industry has led to a fall in the application of packaging tape printing for packaging, branding, sealing and thereby leading to a fall in demand. Thus, the packaging tape printing experienced a slowdown restricted growth in the covid-19 pandemic.

Report Coverage

The report: “Packaging Tape Printing Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the Packaging Tape Printing industry.

By Printing Ink: UV Curable, Water-Based and Solvent Based. 
By Product: Acrylic Carton Sealing Tape, Natural Rubber Sealing Tape and Hot Melt Sealing Tape. 
By Material: Polyvinyl Chloride, Polypropylene, Paper, Polyethylene, Polyamide and Others.
By Mechanism: Lithography, Digital Printing, Flexography, Screen Printing and Gravure.
By Application: Bundling, Carton Sealing, Tamper Seals and Others. 
By End-Use Industry: Food & Beverage (Food Packaging Beverage Packaging), Consumer Durables, Personal Care, Transportation (Automotive, Marine, Aerospace, Railways), Printing Industry and Others.
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

  • The Packaging Tape Printing Market size will increase owing to a growing demand for branding, bundling, carton sealing and application in brand highlight advertisement through printed tapes across various end-use industries during the forecast period.
  • The Asia-Pacific is the fastest-growing region in the Packaging Tape Printing industry due to major development in food beverage packaging trends, consumer durable sector for branding promotion, high application in sealing packaging uses, thereby boosting the growth in the market.
  • The demand for Packaging Tape Printing is growing as these tapes have printed messages, which acts as an advertising marketing tactic across various end-use industries.

Figure: Asia Pacific Packaging Tape Printing Market Revenue, 2021-2027 (US$ Billion)


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Packaging Tape Printing Market Segment Analysis – By Material

By material, the polypropylene segment is expected to grow with a CAGR of around 5.0% during the forecast period. The robust growth of polypropylene in the Packaging Tape Printing industry is influenced by its growing demand across various end-use industries owing to its superior features such as moisture barrier, dimensional stability, printing ability, aroma strength and others compared to acrylic-based adhesive tapes. Polypropylene material has emerged as a viable alternative in the packaging converters has growing application across industries, majorly in food beverage. According to the India Brand Equity Foundation (IBEF), the United States Department of Agriculture (USDA), the food related industries contributed USD 1.05 trillion to the GDP of the U.S. in 2020. Thus, superior tape backing features high durability of polypropylene material for packaging tape printing across major industries are boosting the growth in the market. Thus, the Packaging Tape Printing Market will grow rapidly during the forecast period.

Packaging Tape Printing Market Segment Analysis – By End-Use Industry

By end-use industry, the food & beverage segment held the largest Packaging Tape Printing Market share of 35% in 2021. The high demand for packaging tape printing in the food beverage sector is influenced by growing packed food consumption for export import of packed food beverage items across the globe. The application of innovative printing packaging technologies in the food beverage sector is rising owing to packaged product visibility, durability, product appeal enhancement, merchandise, the highlight of the brand through these packaging tape printing options. According to the China Chain Store & Franchise Association, the food beverage sector in China reached USD 595 billion in 2019. Polypropylene, polyethylene, ethylene-vinyl acetate, others are preferred packaging tape material choices in packaging applications of frozen food packaging beverages packaging, others. Thus, with a high demand for packaging tape printing for traceability, visibility, brand highlight in the food beverage sector, the global packaging tape printing industry will grow rapidly during the forecast period. 

Packaging Tape Printing Market Segment Analysis – By Geography

By geography, the Asia Pacific is the fastest-growing region in the Packaging Tape Printing Market is expected to grow with a CAGR of around 4.5% during the forecast period. The growing demand for packaging tape printing in this region is influenced by its rising demand across various industries such as food beverage, transportation, personal care, consumer durables, others. The high demand for packaging tape printing for transportation in automotive, aerospace, marine, others is propelling growth opportunities. According to the China Federation of Logistics Purchasing, the total revenue from the transportation logistics business of the top 50 logistics firm represented a growth of 15.6% in 2020 compared to the previous year. Thus, the global packaging tape printing industry will flourish in the Asia Pacific owing to growth in food beverage packaging trends, consumer goods sector, logistics transportation, others during the forecast period.

Packaging Tape Printing Market Drivers

Rising preference for packaging printed tapes for branding

The demand for packaging tape printing is growing across a variety of applications such as bundling, carton sealing, branding and others. The packaging tapes are used for sealing, logo branding, reinforcing, are lightweight packaging options, thereby having a preference overprinted cartons for brand advertisement marketing. Moreover, the overall cost efficiency in branding promotion through printed tapes compared to large printed cartons is driving the market. For instance, SupplyOne, Inc., the largest supplier of value-added packaging products has acquired A&M Tape & Packaging, serving in printed tape applications in food, healthcare, e-commerce, others in 2021. The superior features of packaging tape printing such as maximum-security bond, moisture barrier, strength, dimensional stability and others are preferred for business branding. Thus, with an increase in the application of packaging tape printing for branding advertising the brand, the global packaging tape printing industry is experiencing major growth opportunities.

Growing application in the food beverage packaging

Packaging tape printing is widely used in the food beverage industry for packaging food boxes, sealing, reinforcing. Digital printing tape is widely used in the food beverage sector owing to its benefits such as cost-effectiveness, recyclability, productivity. Furthermore, the growing consumption of packaged food beverage products across the globe is influencing the high demand for printed tapes for additional security, seal, brand highlight. According to the National Investment Promotion & Facilitation Agency, the FDI inflow in the food processing sector accounted for USD 393.42 million in 2020-21 in India. The preference for packaging tape printing options in the food sector for branding promotion, along with extra security is boosting the demand, thereby offering major growth opportunities in the market.

Packaging Tape Printing Market Challenges

The rise in the prices of raw material

The demand for packaging tape printing is high across various end-use industries. However, the market faces a major challenge due to fluctuations in the prices of raw materials such as polyethylene, polypropylene and others. For instance, Reliance Industries Limited raised the prices of HDPE by USD 39.2 per tonne LLDPE prices by USD 26.13 per tonne. The rise in the prices of raw materials in the packaging tape printing creates an impact on the production trends developments in the market thereby hindering the growth prospects. Thus, with a major increase in the prices of packaging tape printing raw material, the Packaging Tape Printing Market faces major challenges a slowdown.

Packaging Tape Printing Industry Outlook

The global packaging tape printing top 10 companies include:

  1. Hewlett-Packard Development Company
  2. Xerox Corporation L.P.
  3. Canon INC.
  4. WS Packaging Group
  5. Cenveo, INC.
  6. RR Donnelley & Sons
  7. Siat SPA
  8. Flexcon
  9. Quad/Graphics
  10.  Packman Packaging Private Limited

Recent Developments

  • In January 2022, the Sole Source Capital LLC announced that the IDL, a portfolio company of Sole Source Capital LLC made three acquisitions of Multi-Action Communication, Digital Printing Concepts, Valley Forge Tape & Label company, thereby boosting the company’s portfolio in digital printing labels tape. 
  • In October 2021, the Fortis Solutions Group, a leading provider of printed packaging solutions acquired the Quality Tape Label intending to boost its portfolio in the flexible packaging pressure-sensitive label market.
  • In May 2019, Converting Unlimited Tape, LLC announced the acquisition of the Printed Tape Association of Neenahh, WI. The company will acquire the 56,000 square foot facility in Seymour, thereby boosting the portfolio in the Packaging Tape Printing Market.

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1. Packaging Tape Printing Market- Market Overview
    1.1 Definitions and Scope
2. Packaging Tape Printing Market - Executive Summary
    2.1 Key Trends by Printing Ink
    2.2 Key Trends by Product
    2.3 Key Trends by Material
    2.4 Key Trends by Mechanism
    2.5 Key Trends by Application
    2.6 Key Trends by End-Use Industry
    2.7 Key Trends by Geography
3. Packaging Tape Printing Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Packaging Tape Printing Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Packaging Tape Printing Market – Industry Market Entry Scenario Premium Premium
    5.1Regulatory Framework Overview
    5.2New Business and Ease of Doing Business Index
    5.3Successful Venture Profiles
    5.4Customer Analysis – Major companies
6. Packaging Tape Printing Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1Bargaining Power of Suppliers
        6.3.2Bargaining Powers of Buyers
        6.3.3Threat of New Entrants
        6.3.4Competitive Rivalry
        6.3.5Threat of Substitutes
7.  Packaging Tape Printing Market – Strategic Analysis
    7.2 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Packaging Tape Printing Market – By Printing Ink (Market Size -$Million/Billion)
    8.1 UV Curable
    8.2 Water-Based
    8.3 Solvent-Based
9. Packaging Tape Printing Market – By Product (Market Size -$Million/Billion)
    9.1 Acrylic Carton Sealing Tape
    9.2 Natural Rubber Sealing Tape
    9.3 Hot Melt Sealing Tape
10. Packaging Tape Printing Market – By Material (Market Size -$Million/Billion)
        10.1.1 Polyvinyl Chloride
        10.1.2 Polypropylene
        10.1.3 Paper
        10.1.4 Polyethylene
        10.1.5 Polyamide
        10.1.6 Others
11. Packaging Tape Printing Market – By Mechanism (Market Size -$Million/Billion)
    11.1Lithography
    11.2Digital Printing
    11.3Flexography
    11.4Screen Printing
    11.5Gravure
12. Packaging Tape Printing Market - By Application (Market Size -$Million/Billion)
    12.1Bundling
    12.2Carton Sealing
    12.3Tamper Seals
    12.4Others
13. Packaging Tape Printing Market - By End-Use Industry (Market Size -$Million/Billion)
    13.1 Food & Beverage
        13.1.1Food Packaging
        13.1.2 Beverage Packaging
    13.2 Consumer Durables
    13.3 Personal Care
    13.4 Transportation
        13.4.1 Automotive
        13.4.2 Marine
        13.4.3 Aerospace
        13.4.4 Railways
    13.5 Printing Industry
    13.6 Others
14. Packaging Tape Printing Market - By Geography (Market Size -$Million/Billion)
    14.1 North America
        14.1.1USA
        14.1.2Canada
        14.1.3Mexico
    14.2 Europe
        14.2.1UK
        14.2.2Germany
        14.2.3France
        14.2.4Italy
        14.2.5Netherlands
        14.2.6Spain
        14.2.7Russia
        14.2.8Belgium
        14.2.9Rest of Europe
    14.3 Asia-Pacific
        14.3.1China
        14.3.2Japan
        14.3.3India
        14.3.4South Korea
        14.3.5Australia and New Zeeland
        14.3.6Indonesia
        14.3.7Taiwan
        14.3.8Malaysia
        14.3.9Rest of APAC
    14.4 South America
        14.4.1Brazil
        14.4.2Argentina
        14.4.3Colombia
        14.4.4Chile
        14.4.5Rest of South America
    14.5 Rest of the World
        14.5.1Middle East
            14.5.1.1 Saudi Arabia
            14.5.1.2 UAE
            14.5.1.3 Israel
            14.5.1.4 Rest of the Middle East
        14.5.2 Africa
            14.5.2.1 South Africa
            14.5.2.2 Nigeria
            14.5.2.3 Rest of Africa
15. Packaging Tape Printing Market – Entropy
    15.1 New Product Launches
    15.2 M&As, Collaborations, JVs and Partnerships
16. Packaging Tape Printing Market – Industry/Competition Segment Analysis Premium
    16.1Company Benchmarking Matrix – Major Companies
    16.2 Market Share at Global Level - Major companies
    16.3 Market Share by Key Region - Major companies
    16.4 Market Share by Key Country - Major companies
    16.5 Market Share by Key Application - Major companies
    16.6 Market Share by Key Product Type/Product category - Major companies
17. Packaging Tape Printing Market – Key Company List by Country Premium Premium
18. Packaging Tape Printing Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    18.1 Company 1
    18.2 Company 2
    18.3 Company 3
    18.4 Company 4
    18.5 Company 5
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
2.Global Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Packaging Tape Printing Market, by Type Market 2019-2024 (Volume/Units)
4.Global Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
6.North America Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
8.South America Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
10.Europe Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
12.APAC Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Packaging Tape Printing Market, by Type Market 2019-2024 ($M)
14.MENA Packaging Tape Printing Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
10.UK Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
12.France Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
16.China Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
17.India Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Packaging Tape Printing Industry Market Revenue, 2019-2024 ($M)
21.North America Global Packaging Tape Printing Industry By Application
22.South America Global Packaging Tape Printing Industry By Application
23.Europe Global Packaging Tape Printing Industry By Application
24.APAC Global Packaging Tape Printing Industry By Application
25.MENA Global Packaging Tape Printing Industry By Application