Label Protection Tapes – Market Outlook
Increasing cross border trade, population migration and expansion of global e-Commerce services into rural and semi urban areas has led to the demand for increased protection for packages and attached labels. Packages have to pass through harsh weather and are also roughly handled through the delivery process. In such a scenario, there are high chances of labels getting torn, and wet due to moisture or abrasion. To protect labels from such damages during delivery process, label protection films are used. Label protection films are made of plastic, fiber based paper or synthetic paper materials. These tapes are moisture, chemical and grease resistant, waterproof and tamperproof. Label protection tapes manufacturers are increasingly focusing on design and development of new label protection tapes for end use industries such as food & beverages, automotive & electronics, chemicals and pharmaceuticals. Label protection tapes market in Asia Pacific excluding Japan (APEJ) region is highly contributed by small, medium and unorganized manufacturers. According to World Trade Organization (WTO), global trade growth in 2018 is estimated to stand at approximately 3.2%. The main attributing factors are rise in inter regional trade in Asia Pacific and increasing imports in the U.S. China’s industrial growth is expected to push the Asia Pacific export levels. The global label protection tapes market has direct correlation with the dynamics of global labels market. In the year 2017, the global labels market is estimated to be valued at nearly US$ 40.8 Bn.
Global Labels Market, by Labels Type, 2017
Global Label Protection Tapes market: Segmentation
The global Label Protection Tapes market has been segmented as follows –
On the basis of film type, the global label protection tapes market has been segmented as –
On the basis of backing material, the global Label Protection Tapes market has been segmented as –
- BOPP Film
- UPVC Film
On the basis of adhesive type, the global Label Protection Tapes market has been segmented as –
- Synthetic Rubber
- Paper Liner
- Solvent Based Natural Rubber
On the basis of end-use industry, the global Label Protection Tapes market has been segmented as –
- Food & Beverages
- Automotive & Electronics
- Cosmetics & Personal Care
- Building & Construction
On the basis of geography, the global Label Protection Tapes market has been divided into seven key regions –
- North America
- Asia Pacific excluding Japan
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
Increasing consumer preference towards clean and attractive labels is driving the global label protection tapes market. Label protection tapes protects the labels from tearing and abrasion through delivery process. Label protection tapes easily adhere on many packaging formats and material surfaces. Once bonded, these tapes provide secure adhesion for extended periods . Label protection tapes can be clear/ transparent, and feature a low-glare surface for easy reading of label contents. Label protection tape manufacturers are focusing on launching of low cost and highly durable label protection tapes. Food & beverages end use segment is expected to dominate the global label protection tapes market. Construction & building materials industry is increasingly adopting label protection tapes. Cosmetics & personal care and chemicals industries are growing at an attractive year on year growth rates. Developing world is adopting label protection tapes at a higher annual growth rates. Developing world label protection tapes market is highly contributed by emerging economies such as India, Brazil, Argentina, Mexico, South Africa and Nigeria. The recent trends in label protection tapes market is rising end user preference for matte finish, acrylic adhesive and PP backing material.
Asia Pacific Excluding Japan (APEJ) is anticipated to dominate the global label protection tapes market. Improving consumer confidence in retail and dominating food & beverages sector in APEJ is the major driver for APEJ label protection tapes market. Europe label protection tapes market is expected to grow at a moderate CAGR during forecast period. Improving economic conditions and positive consumer sentiments in Eastern Europe region is the major region driving overall Europe label protection tapes market.
Global Label Protection Tapes Market CAGR Analysis, by Country
Global Label Protection Tapes market: Key Players
Some of the key players operating in the global Label Protection Tapes market are – 3M Co., Shurtape Technologies Llc, International Plastics, Inc., Ajit Industries Private Limited (AIPL), ECHOtape, Nova Films & Foils, Inc., Godson Tapes Pvt. Limited., Can-Do National Tape, Cosmos Tapes & Labels Private Limited, Decofix Papers & Tapes and others.
The global label protection tapes market is expected to be driven by increasing demand from end use industries such as food & beverages, automotive & electronics and building & construction. Consumer convenience and product differentiation are the major strategies followed by label protection tapes manufacturers worldwide.
Key Developments, Mergers and Acquisitions
- In February 2017, Shurtape Technologies, LLC, producer of pressure-sensitive tapes, announces the acquisition of Syntac Coated Products, LLC.
Label Protection Tapes Market, by HQ Location
Global label protection tapes market is expected to expand at a lucrative CAGR during the forecast period, due to expanding demand from end use industries such as food & beverages, electronics & semiconductors, automotive and consumer goods. Rising penetration of label protection tapes in chemicals, pharmaceuticals and clinical trials, where label protection is very vital to the business is expected to drive the global label protection tapes market. The global market is expected to witness a trend of growing consolidation during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.