The global tape stretching line market is currently valued at US$ 8.5 billion in 2023 and is anticipated to expand at a CAGR of 6.3%. Owing to the advances in packaging the market is likely to reach US$ 15.6 billion by 2033.
Other factors supporting the market growth are -
Tape stretching lines typically operate on the premise of extruding films into homogenized melt and then converting the film from liquid to uniform gauge tapes. Tape stretching lines are used to make bundles of tape of appropriate width and these tapes produced are used in a variety of applications, including geotextiles, carpet backing, agro textiles, woven bags, and wrapping materials.
The stretching machine is equipped with the latest technology of fabricated components which suits best to produce packaging products including fertilizer bags, Stretch line for safe and moisture free packing of cement, rice, chemicals, fertilizers, etc.
Stretched tapes are frequently utilized in the construction sector for a variety of applications and products. The woven bags used for tapes are a popular packaging material for sand, cement, and a variety of other items. These tapes are also used to wrap construction items to avoid or minimize damage caused by transit. The expanding construction industry is expected to boost sales of stretching tape lines, particularly in emerging markets.
The increasing popularity of raising the amount of automation in the manufacturing process and integrating whole production lines drive the tape stretching line market. Furthermore, several end-use sector manufacturers are establishing tape stretching lines instead of sourcing tapes from the market in an effort to boost production efficiency and profitability margins.
The growth in logistics & warehousing and the food & beverage industries has led to an increase in the adoption of machines for various applications such as packaging of food products, consumer goods, and pharmaceuticals products. The market value is projected to escalate in the coming few years as tape stretching lines are great for boosting the overall productivity of a business.
The increasing use of other packaging solutions and their increasing adaptability to alternatives like plastics may hinder market growth.Also, strict regulations and the increasing attention for sustainable development by food and beverage and consumer product manufacturers are forecasted to power the growth of global tape stretching line market in the coming future.
Asia Pacific is expected to remain the largest business region for the global tape stretching line market. With growing corporate infrastructure is many south east Asian countries, the demand for products in the global tape-stretching line market will soar in the coming years. China witness a high growth rate due to presence of the manufacturing industry in the region
Manufacturers provide comprehensive range of tape extrusion lines for producing high-quality PP/HDPE tapes of premium quality, with one-level-up technology and low cost. for a wide range of applications. Manufacturers provide a wide range of tape stretching lines with the variable capacity to suit consumer needs.
For instance, J P EXTRUSIONTECH - Tape Stretching Lines available from output 150 Kg/Hr to 900 Kg/Hr capacity. 450 to 900 Kh/Hr lines having godet diameter of 450 mm and imported screw, barrel, die, melt pump options are available. Die width available (MM) 800, 900, 1000, 1100, 1300, 1400, 1500, 1600, 1750, 2200
Some of the benefits of tape stretching line are listed below:
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Newly released data from tape stretching line market analysis shows that global demand of the overall tape stretching line market is anticipated to register a CAGR of ~7% during the forecasted period and reach millions of units by 2031.
The market in East Asia and South Asia regions is projected to expand at higher growth rates and capture a significant share in the global market during the forecast period.
Tape stretching lines commonly work on the principle of extrusion of films into homogenized melt and then conversion of the film from a liquid state to uniform gauge tapes.
The tape stretching lines are used to manufacture bundles of tape of desired width and are also widely used in conjunction with other machines in an effort to minimize the production time of the final product.
The tapes manufactured are used in several applications like geotextiles, carpet backing, agro textiles, woven bags, and wrapping fabrics among others. The consistently increasing demand for these applications in the end-use industries is anticipated to augment the demand for tape strapping lines in the global market.
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The increasing popularity of expanding the level of automation in the manufacturing process and integrating complete production lines is one of the trends which is positively influencing the tape stretching line market.
Several end use industry manufacturers are installing the tape stretching line instead of getting the tapes from the market in an attempt to increase efficiency and profitability margins for their products. Manufacturers in the target market are expanding their existing product portfolio with tape stretching line as per the demands of the end-use industry manufacturers’ existing machinery.
Stretched tapes are widely used for various construction industry application and products. The woven bags made for the tapes are a preferred packaging item for sand, cement and many other products. The tapes are also used in wrapping the construction materials in order to avoid or minimize any damage caused due to the transportation.
There are several others small but significant application of the stretched tapes in the construction industry that is driving manufacturers and suppliers of materials and products in the industry to install in-house tape stretching lines. The growing construction industry is anticipated to bolster the sales of tape stretching lines especially in the emerging nations.
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The growing concern of rapidly increasing plastic waste across the globe is a cause of concern for many organizations as well as national governments across the globe. In order to tackle this issue of plastic waste many countries are imposing restrictions on some of the applications of plastic in the packaging industry.
Further, the growing aversion of the consumers towards the plastic packaging solution and increasing adaptations to its alternatives is contributing in dampening the demand for stretched tapes across the developed economies which might restrain the growth of tape stretching line market.
Key players in the tape stretching line market are adopting a combination of strategies to increase their market share. To gain maximum markets share in the competitive market the manufacturers of tape stretching line are launching innovative customizable products and establishing strategic partnerships with end-use industry manufacturers. The players are introducing tape stretching line targeted towards specific end-use segments to capture the attention of manufacturers.
In the market for tape stretching lines, the increasing demand for customized and innovative products is very high. The manufacturers in the construction and agriculture industry need attractive and customized stretched tapes to enhance their branding and marketing strategies.
The players in the tape stretching line market have the opportunity to specifically target these manufacturers by offering equipment that can support customization in terms of color dying, dimensional specifications and elasticity of the final product.
The equipment industry of China is anticipated to expand consistently due to its favorable manufacturing industry infrastructure. The country offers ease in the procurement of raw materials, availability of cheaper labor and favorable national government policies for manufacturing processes.
Further, the flexible packaging industry in China is well developed as a result of the presence of many regional as well as global manufacturers. All these factors are anticipated to augment the demand for tape stretching line market in the country.
The COVID-19 pandemic had a severe negative impact on the tape stretching line. The cost-cutting strategies adopted by some end-use industry manufacturers to tackle the losses due to the pandemic dampened the demand for the automatic tape stretching line in the market.
However, the tape stretching line market is anticipated to recover rapidly as a result of the heightened growth of end-use industries projected in the post-pandemic scenario.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Capacity 6.2. End Use 7. Global Market Analysis and Forecast, By Capacity 7.1. Below 350 kg/hour 7.2. 350 to 700 kg/hour 7.3. Above 700 kg/hour 8. Global Market Analysis and Forecast, By End Use 8.1. Chemicals 8.2. Construction 8.3. Agriculture 8.4. Food 8.5. Others (Textile, Furniture) 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Oceania Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Capacity and End Use for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Signode Industrial Group 19.2. Starlinger Group 19.3. Windmöller & Hölscher Group 19.4. STC Spinnzwirn GmbH 19.5. Exzakta Meccanica Limited 19.6. J P Extrusiontech (Pvt) Ltd. 19.7. Zhejiang Nanyi Plastic Machinery Co. Ltd. 19.8. Lohia Group 19.9. Heaven Extrusions 19.10. Ocean Rotoflex 19.11. ATA Machinery (Guangzhou) Co. Ltd. 19.12. Shree Radhe Industries 19.13. Zhejiang Tianfeng Plastic Machinery Co. Ltd. 19.14. Hao Yu Precision Machinery Industry Co. Ltd.
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Tape Stretching Line Market
