Global Pressure Sensitive Tapes & Labels Market Forecast Showing 6.5% CAGR to 2024

Posted on Updated on offers 2017 report on global Pressure Sensitive Tapes & Labels market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Pressure Sensitive Tapes & Labels Market size will surpass USD 150 billion by 2024; according to a new research report.

High growth in the food & beverage industry in emerging economies such as Brazil, India, Argentina, and China will drive pressure sensitive tapes & labels market demand till 2024. Tapes are extensively used in the packaging of food & beverage products. Increasing consumer demand for displaying key information about products content and nature has also led to a high demand for labels. Steady demand for packaged food products in the U.S. and other mature markets in Europe will also boost product market growth during the forecast timeframe. Lifestyle changes, long working hours, and ease of consumption has led to the increasing demand for packaged food products not only in developed countries, but in emerging economies as well. This will contribute to the pressure sensitive tapes & labels market development during the study period.

Stable growth in the U.S. manufacturing sector will also supplement the product market growth in the forecast timeframe. The U.S. manufacturing sector has revived from the 2008 economic slowdown and was valued above USD 2 trillion in 2016. Pressure sensitive tapes & labels market are used in a wide range of manufacturing industries including automotive, aerospace, heavy machinery, electronics, etc. Most of these products are used for bonding and masking operations during the manufacturing process and increasing manufacturing operations in the U.S. and around the world will boost pressure sensitive tapes & labels market demand.

Based on backing material, pressure sensitive tapes & labels market is categorized into polyvinyl chloride, cloth, paper, polypropylene, and others. Paper is an important segment which will account for more than a fifth of the market size in 2024. Paper backing materials are extensively used for labels. They are also used for tapes which are used for masking applications. The increasing labels demand along with the lower costs of paper will favor this segment’s development in the study period.

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Food & beverage is a key end-user industry in the pressure sensitive tapes & labels market. The products are used in the labelling and packaging of food products. High growth in the packaged food industry in developing countries of Asia Pacific along with steady food & beverage demand from saturated markets in developed countries will drive demand for pressure sensitive tapes & labels market till 2024. Automotive & transportation end-user segment will gain by close to 6% CAGR in the forecast timeframe. Growing light weight vehicles demand for increased fuel economy and lesser emissions will increase usage of pressure sensitive tapes for bonding applications in the future.

North America is a major pressure sensitive tapes & labels market owing to its large packaging and food & beverage industry. A large manufacturing sector is also a principal reason behind North America’s large market size which is likely to surpass USD 35 billion by 2024. Latin America market will exhibit growths of more than 6.5% CAGR and will turn into a key pressure sensitive tapes & labels market till the end of the study period. High growth in the Mexican automotive and general manufacturing industries along with high demand for packaging materials in South American countries such as Brazil, Argentina, and Chile will favor the region’s pressure sensitive tapes & labels market development in the forecast timeframe.

Major manufacturers in the pressure sensitive tapes & labels market include 3M, Avery Dennison Corporation, Scapa Group, American Biltrite, Berry Global, DeWAL, LINTEC Corporation, CCL Industries, MACtac, Constantia Flexibles, Gaska Tape, Inland, UPM Raflatac, Fuji Seal International, and COVERIS.

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Table of Content:

Chapter 1.  Methodology & Scope

1.1.  Methodology

1.1.1.    Initial data exploration

1.1.2.    Statistical model and forecast

1.1.3.    Industry insights and validation

1.1.4.    Definitions & forecast parameters

1.2.  Data sources

1.2.1.    Secondary

1.2.2.    Primary

Chapter 2.  Executive Summary

2.1.  Pressure sensitive tapes & labels industry 360° synopsis, 2013 – 2024

2.1.1.    Business trends

2.1.2.    Backing material trends

2.1.3.    Adhesion type trends

2.1.4.    Of product by end-user trends

2.1.5.    End-user trends

2.1.6.    Regional trends

Chapter 3.  Pressure Sensitive Tapes & Labels Industry Insights

3.1.    Industry segmentation

3.2.    Industry size and forecast, 2013 – 2024

3.3.    Industry ecosystem analysis

3.3.1.    Profit margin analysis

3.3.2.    Value addition at each stage

3.3.3.    Distributor channel analysis

3.3.4.    Vendor matrix   List of key manufacturers   List of key/potential customers

3.4.  Raw material trends

3.5.  Technology trends

3.6.  Industry impact forces

3.6.1.    Growth drivers   Proliferation of the packaging industry   High growth in the food & beverage industry   Developments in the manufacturing sector

3.6.2.    Industry pitfalls & challenges   Environmental concerns related to pressure sensitive adhesives

3.7.  Regulatory landscape

3.7.1.    U.S.

3.7.2.    Europe

3.7.3.    China

3.8.   Growth potential analysis

3.9.    Competitive landscape

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