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Pressure Sensitive Tapes & Labels Market to generate over $150 Billion revenue by 2024

Author : Rahul Varpe | Published Date : 2019-07-02 

Global Pressure Sensitive Tapes & Labels Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

The product domain of pressure sensitive tapes & labels market is divided into labels and tapes. Among these, tapes will generate a revenue of more than USD 100 billion with the annual growth rate of over 6.6% by 2024. Excessive use of the product in myriad end-user domains include food & beverage, logistics, automotive & transportation and others.

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Pressure Sensitive Tapes & Labels Market will surpass USD 150 billion by 2024; according to a new research report. Growth in the packaging sector in developing economies will boost the pressure sensitive tapes & labels market demand through the forecast period. Adoption of innovative marketing techniques in retail sector, growth in online market and change in consumer food preference are the crucial factors behind the packaging sector growth.

These products are widely used for packaging and labelling the edible items, consumer goods, cosmetics, beer labels. Increasing demand for ready-to-eat food, beverages and other edible products in developed countries such as the U.S., Germany, UK, is expected to create huge opportunities for the pressure sensitive tapes & labels market growth by 2024.

Excessive energy consumption, environmental protocols related to solid waste disposal are the key restraining factors for the pressure sensitive tapes & labels market growth in forecast spell. Additionally, volatile organic compound-based adhesives which affects the environment, high temperature required at the time of application is another hindering factor for the industry growth over the forecast period.

Pressure Sensitive Tapes & Labels Market by Backing Material

  • Polypropylene
  • Polyvinyl chloride
  • Paper
  • Cloth
  • Others

Pressure Sensitive Tapes & Labels Market by Adhesion Type

  • Single sided
  • Double sided
  • Adhesive transfer

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/pressure-sensitive-tapes-and-labels-market

Pressure sensitive tapes & labels market is bifurcated by backing material, adhesion tapes, product and end-user. The four major backing materials include polypropylene, polyvinyl chloride (PVC), paper and cloth. Other minor backing materials include polyethylene, foam, metal foil, etc. Among these materials, paper and polypropylene collectively will account for over 65% of the entire market share by the end of the forecast spell.

Based on adhesion type, the pressure sensitive tapes & labels market is segregated into double sided, adhesive transfer and single sided. Single sided segment is expected to surpass USD 100 billion by the end of 2024, growing at an annual growth rate of over 6.5% in coming years. Low cost and ease of use are some of the key factors for the segment demand in pressure sensitive tapes & labels market.

The major end-user segments include food & beverage, logistics, automotive & transportation, healthcare, construction and general manufacturing. Other minor end-users in pressure sensitive tapes & labels market comprise household (Do it Yourself), office, etc. Among these domains, food & beverage and logistics collectively will hold more than 50% share of the entire segment by the end of forecast timeframe. This is due to the usage of the product for packaging and displaying the information of food, beverage, cosmetics, and other items.

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Asia Pacific led by India and China held over 40% share of the entire pressure sensitive tapes & labels market with a CAGR of more than 7% by the end of forecast period. Growth in regional packaging sector, online retailing, coupled with rising demand for packaged food, beverages, and other edible products will be key driving factors behind the colossal share of Asia Pacific region.

The list of key manufacturers in pressure sensitive tapes & labels market comprises 3M, Avery Dennison, Coveris, Gaska Tape, Scapa Group, LINTEC Corporation, American Biltrite, Fuji Seal International, CCL Industries and others.

Partial Chapter of the Table of Content

Chapter 4. Pressure Sensitive Tapes & Labels Market, By Backing Material

4.1. Global pressure sensitive tapes & labels market share by backing material, 2016 & 2024

4.2. Polypropylene

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast by region, 2013 – 2024

4.3. Polyvinyl Chloride

4.3.1. Market estimates and forecast, 2013 - 2024

4.3.2. Market estimates and forecast by region, 2013 – 2024

4.4. Paper

4.4.1. Market estimates and forecast, 2013 - 2024

4.4.2. Market estimates and forecast by region, 2013 – 2024

4.5. Cloth

4.5.1. Market estimates and forecast, 2013 - 2024

4.5.2. Market estimates and forecast by region, 2013 – 2024

4.6. Others

4.6.1. Market estimates and forecast, 2013 - 2024

4.6.2. Market estimates and forecast by region, 2013 – 2024

Chapter 5. Pressure Sensitive Tapes & Labels Market, By Adhesion Type

5.1. Global pressure sensitive tapes & labels market share by adhesion type, 2016 & 2024

5.2. Single sided

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast by region, 2013 – 2024

5.3. Double sided

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast by region, 2013 – 2024

5.4. Adhesive transfer

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast by region, 2013 – 2024

Read more news @ https://www.openpr.com/news/1787345/Pressure-Sensitive-Tapes-Labels-Market-Study-Report-2019-Top-Players-Constantia-Flexibles-Avery-Dennison-Corporation-3M-Scapa-Berry-Global-Inc-CCL-Industries-Coveris-Group-UPM-Raflatac.html

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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