Lewes, DE -- (SBWire) -- 10/06/2016 --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://www.marketresearchreports.com/technavio/global-packaging-tape-printing-market-2016-2020
Related Report;
Global Flexible Packaging Market for Food and Beverages 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-flexible-packaging-market-food-and-beverages-2016-2020
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