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Packaging Tape Printing Market Set To Rise in the Period from 2016-2023
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Global Packaging Tape Printing Market by Product (Hot Melt, Acrylic), Material (Polypropylene, PVC, Others), Printing Ink (Water-based, UV-curable) & by Region - Global Forecast to 2023.
Market Synopsis of Global Packaging Tape Printing:
Printing on the packaging tapes highlights the company’s name and logo, facilitates the ease of stock handling and identification. It boosts the visibility of product and helps to protect the stock during transit. It also makes the product visually pleasing, thereby resulting into instant recognition of the packages.
The growth of global packaging tape printing market can be majorly attributed to growing demand for aesthetic looks and innovative printing styles to print packaging tapes. Also, growth in the packaging printing industry, is expected to boost the market growth. However, factors such as fluctuation in raw material prices is the major restraint that could hinder the market growth.
The global packaging tape printing market is expected to grow over the CAGR of around 6.2% during the period 2017 to 2023.
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Regional Analysis of Global Packaging Tape Printing Market:
The Asia-Pacific region is projected to have the largest share and dominate the global packaging tape printing market during the forecast period. China being a leading manufacturer and supplier of printing materials and equipment’s exhibits high growth opportunities for the packaging tape printing market. While, North America accounted for the second largest market for the packaging tape printing the forecast period.
Quad/Graphics Inc. (U.S.), Hewlett-Packard Development Company, L.P. (U.S.), E.I. du Pont de Nemours and Company (U.S.), Xerox Corporation (U.S.), SIAT S.p.A (Italy), RR Donnelley & Sons (U.S.), Canon U.S.A., Inc. (U.S.), FLEXcon Company, Inc. (U.S.), WS Packaging Group (U.S.) and Cenveo, Inc. (U.S.) are some of the leading players operating in this market.
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The report for Global Packaging Tape Printing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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