Printed Tape Market is Anticipated to Reach US$ 29870 Million, with a Moderate Compound Annual Growth Rate (CAGR) of 4% During The Forecast Period from 2024 to 2030 | The Market Reports.
| Published date | 28 March 2024 |
M2 PRESSWIRE-March 28, 2024-: Printed Tape Market is Anticipated to Reach US$ 29870 Million, with a Moderate Compound Annual Growth Rate (CAGR) of 4% During The Forecast Period from 2024 to 2030 | The Market Reports
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The Printed Tape Market is anticipated to reach $29,870 million by 2030, with a moderate compound annual growth rate (CAGR) of 4% during the forecast period from 2024 to 2030. Printed tapes find extensive applications across various industries for branding, product identification, and security purposes, contributing to market expansion. The growing e-commerce sector and the increasing adoption of customized packaging solutions drive the demand for printed tapes.
The increasing demand for the product in food & beverage application for branding, promoting and packaging activities is expected to drive growth over the next eight years.
The global Printed Tape Market was valued at US$ 22060 million in 2023 and is anticipated to reach US$ 29870 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
Widely accepted printed tape packaging by various companies is the major driving factor for the printed tape market in packaging. Growing technological advancement is expected to boost the printed tape market in packaging in the coming years. Moreover, escalating demand for innovative printing tape packaging is anticipated to enhance the global market in the near future. Industrial growth in printed tape packaging also positively impacts the global market growth. Conversely, higher cost and evaporation of ink may hinder the market growth to some extent in future.
This report aims to provide a comprehensive presentation of the global market for Printed Tape, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Printed Tape.
Report Scope
The Printed Tape market size, estimations, and forecasts are provided in terms of output/shipments (K Meters) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Printed Tape market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report...
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