North American Packaging Tape Printing Market - Projected to Grow From USD 5.4 Billion in 2015 to Reach USD 7.0 Billion by 2020
DUBLIN, December 10, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4bh6g4/north_american) has announced the addition of the "North American Packaging Tape Printing Market by Product Type, Material, Printing Ink & Mechanism - Forecast to 2020" report to their offering.
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This high growth of the market can be attributed to the fact that a significant number of brand owners are harnessing printing technology over packaging tapes. Growth in the packaging printing industry, demand for aesthetic appeal, product differentiation, and technological advancements are some of the drivers behind the growth of the packaging tape printing market.
Digital printing in the packaging tape printing market is the fastest-growing printing mechanism with its ability to provide a high-quality and cost-effective solution for manufacturing high designed printed tapes along with the recycling options. Printer convertors are adding digital printers in their printing press to leverage its benefits of improved productivity, reliability, and cost-effectiveness over higher runs.
Food & beverages, consumer durables, and transportation & logistics are some of the end-user industries contributing towards the high growth of the packaging tape printing market. The food & beverage industry is projected to witness the largest market size owing to the increased demand for innovative packaging and printing technologies in order to enhance the visibility of packaged products. The market is also projected to witness growth in the consumer durables, transportation & logistics, and other end-user industries during the forecast period.
The market of hot melt carton sealing tapes is expected to be the largest in terms of value, during the forecast period. The high demand for hot melt carton sealing tapes in a large number of industrial applications has contributed significantly in accelerating its demand in the packaging tape printing market. Polypropylene in the packaging tape printing market is expected to attain the largest market size, during the forecast period.
The U.S. is expected to hold the largest market share and dominate the North American packaging tape printing market from 2015 to 2020. The U.S., being the largest manufacturer and supplier of printing materials and equipment, exhibits high-potential growth opportunities for the packaging tape printing market. However, the market continues to face challenges due to demand for high-quality printing at low cost while adhering to the government regulations.
Companies Mentioned
- Canon U.S.A, Inc.
- Cenveo, Inc.
- E. I. Du Pont De Nemours and Company
- Flexcon Company Inc.
- Hewlett- Packard Development Company, L.P.
- Quad/Graphics Inc.
- RR Donnelley & Sons Company
- Siat SPA
- WS Packaging Group
- Xerox Corporation
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 North American Packaging Tape Printing Market, By Product Type
8 North American Packaging Tape Printing Market, By Material
9 North American Packaging Tape Printing Market, By Printing Ink
10 North American Packaging Tape Printing Market, By Mechanism
11 North American Packaging Tape Printing Market, By End - User Industry
12 North American Packaging Tape Printing Market, By Country
13 Competitive Landscape
14 Company Profiles
For more information visit http://www.researchandmarkets.com/research/4bh6g4/north_american
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