As per FMI Analysts, the global Pre-Printed Tape Market is estimated to be valued at USD 41.2 billion in 2023 and is projected to increase at a CAGR of 3% in the forecast period from 2023 to 2033. The global market share is expected to reach USD 55.4 billion by the end of the forecast period in 2033.
It has been observed that attractive packaging, product differentiation, and technological advancements are driving the demand for pre-printed tape as part of a notable growth in the printing industry. Additionally, there are several advantages associated with the product that has further accelerated the sales of pre-printed tapes in the market.
Pre-printed tapes are also known as custom-printed tapes, which contain all the product-related information. Benefits include decreasing pilferage as it cannot be broken and resealed without being noticed.
Further, the demand for pre-printed tape is also growing for reducing carton costs as inventories of printed cartons are no longer needed, and tracing lost shipments is made easy.
The sales of pre-printed tape in the market are expected to grow significantly owing to its attractiveness and cost-effectiveness, as it provides high quality at a low price. However, the high cost of high-quality printing, coupled with the evaporation of ink, may act as a restraining factor for sales of pre-printed tapes as well.
Building a printing plant costs a lot of capital, and raw material prices fluctuate a lot. These two are key obstacles to the global market share.
| Attribute | Details |
|---|---|
| Global Pre-printed Tape Market Valuation in 2022 | USD 40 billion |
| Estimated Global Market Share in 2023 | USD 41.2 billion |
| Forecasted Global Market Size by 2033 | USD 55.4 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 3% CAGR |
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The global demand for pre-printed tape has received a lot of traction among industrial end users in the last couple of years. As it reduces pilferage due to its inability to be removed and resealed without detection, it reduces packaging costs significantly and is the key reason for such high sales of printed tapes in recent times.
There are some other advantages associated with it in addition to the growth in the printing industry that have accelerated the sales of pre-printed tape in the global market. Further, the demand for attractive packaging, product differentiation, and technological advances are the key drivers of the demand for pre-printed tape.
The market share is expected to accelerate with the support of digital printing, which is a cost-effective and attractive solution for manufacturing high-quality tapes. However, the high cost of this method, as well as the evaporative property of the ink may limit the demand for pre-printed tape in this section
The market share in Asia Pacific is projected to experience notable growth in the forthcoming years due to the growth of developing economies like India and China. Moreover, the sales of pre-printed tape in the Asia Pacific are projected to expand at a significant rate, mainly as a result of the growing population and consumerism.
China’s market share is the leading supplier and manufacturer of printing materials and equipment. As a result of the manufacturing and supply of printing equipment and materials in China, a portion of the sales of pre-printed tape in the global market is achieved in the Asia Pacific.
Principal Consultant
According to the market share value in North America and Europe, the demand for pre-printed tape might expand on average at a rate of 28% and 24%, respectively.
As the market expands steadily in these areas, Latin America and the Middle East & Africa are expected to witness a slow and steady growth in the demand for pre-printed tapes as well.
The sales of pre-printed tape have been experiencing significant growth in the region due to the transition of the global printing industry from conventional to digital printing machines.
In addition, pre-printed tapes are also useful for communicating handling instructions that have emerged to be a crucial factor in boosting the demand for pre-printed tape in the United States of America and Canada.
Some of the leading companies operating in the global market include Castle Tapes Holdings, ADH Tape, Ameripak, Preferred Tape, Inc., Nadco Tapes & Labels, Inc., Intertape Polymer Group, ProtoPak Engineering Corporation, and many more.
Manufacturers in the global pre-printed tapes market are expected to perceive significant opportunities as a result of growing investment by numerous large players in developed and emerging economies worldwide.
Moreover, pre-printed tapes are expected to generate substantial opportunities in the global economy as many large companies invest in developed and emerging countries.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Printing Technology, By Material, By Adhesive Type, By Application, By End User, By Region |
| Regions Covered | North America; Latin America; Western Europe; Japan; The Middle East and Africa |
| Key Countries Profiled | The United States of America, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, GCC Countries, South Africa, North Africa |
| Key Companies Profiled | Castle Tapes Holdings; ADH Tape; Ameripak; Preferred Tape, Inc.; Nadco Tapes & Labels, Inc.; Intertape Polymer Group; ProtoPak Engineering Corporation |
| Customization & Pricing | Available Upon Request |
The global sales of pre-printed tapes are poised to surge at 3% CAGR through 2033.
The global market could have a value of around USD 41.2 billion in 2023.
Rising demand is expected to drive North America market at 28% CAGR through 2033.
The overall market may witness a growth of 24% per year till 2033.
China is expected to drive the regional market in the coming days.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Printing Technology 5.1. Lithography 5.2. Flexography 5.3. Digital printing 5.4. Screen printing 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Polypropylene (PP) 6.2. Polyethylene (PE) 6.3. Polyvinyl Chloride (PVC) 6.4. Aluminum and copper foils 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Adhesive Type 7.1. Hot-Melt 7.2. Acrylic 7.3. Solvent-based 7.4. Water-based 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Bundling 8.2. Carton Sealing 8.3. Tamper Evident Seals 8.4. Product and Company Identification 8.5. Other 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 9.1. Food & Beverage 9.2. Pharmaceuticals 9.3. Cosmetics & Toiletries 9.4. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Castle Tapes Holdings 20.2. ADH Tape 20.3. Ameripak 20.4. Preferred Tape, Inc. 20.5. Nadco Tapes & Labels, Inc. 20.6. Intertape Polymer Group 20.7. ProtoPak Engineering Corporation 20.8. Bron Tapes 20.9. 3M 20.10. Fabo s.p.a. 20.11. Shurtape Technologies, LLC 20.12. Windmill Tapes 21. Assumptions & Acronyms Used 22. Research Methodology
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Pre-Printed Tape Market
