Pressure Sensitive Tapes & Labels Market to hit $175 Billion by 2032, Says Global Market Insights inc.
Pressure sensitive tapes & labels industry is expected to register 6% CAGR between 2023 and 2032 propelled by ease of use and low costs over traditional fastening solutions.
Selbyville, Delaware, Dec. 13, 2022 (GLOBE NEWSWIRE) — As per the report published by Global Market Insights Inc., the from food and beverage end-user segment is anticipated to cross USD 51 billion by 2032. This is a result of the strong consumer emphasis on health and wellness and the growing intake of packed food products, especially in developing nations. Based on a report from the Government of Canada, in 2020, retail sales of packaged foods in China totaled USD 284 billion. These factors will lead to the extensive usage of tapes and labels in the packaging of processed foods and beverages.
North America to emerge as a key hub for pressure-sensitive tapes and label production
North American pressure sensitive tapes & labels market will exhibit over 6% CAGR through 2032, considering the rapid expansion of the food and beverage and packaging businesses in the region. These trends are emerging due to changing consumer preferences for foods, security issues and costs, convenience, and improved lifestyle. The report further states that the mounting consumer spending on new vehicles will also stimulate the use of tapes and labels in automotive applications, strengthening the regional market outlook.
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Product line extension strategies to reinforce the industry landscape
Strategic landscape of the pressure sensitive tapes & labels market consists of companies such as Dewal Industries, LLC, Scapa Group Plc., American Biltrite Inc., Gaska Tapes Inc., Mactac Americas, LLC., LINTEC Corporation, UPM-Kymmene Oyj (UPM Raflatac), and Fuji Seal International, Inc., among others. These firms are focusing on product line expansions and other initiatives to increase their foothold in the global industry.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Global pressure sensitive tapes & labels industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Backing material trends
2.1.3 Adhesion type trends
2.1.4 Product trends
2.1.5 Product by end-user trends
2.1.6 End-user trends
2.1.7 Regional trends
Chapter 3 Pressure Sensitive Tapes & Labels Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2023 – 2032
3.3 Industry ecosystem analysis
3.4 Raw material trends
3.5 Technology trends
3.6 Industry impact forces
3.7 Regulatory landscape
3.8 Growth potential analysis, 2022
3.9 Porter’s analysis
3.10 Regional price trends
3.11 PESTEL analysis
Chapter 4 Competitive Landscape
4.1 Introduction
4.2 Company market share, 2022
4.3 Strategic dashboard
4.4 Patent analysis
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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