Labelling Tapes Market: Overview
Labelling tapes are typically designed in two basic formats that are primarily labels applied to exterior of the tape and another the data is recorded on tape itself. The recording data is not a new concept for many years the barcodes and data tapes are being used in many industries like Automobile, Healthcare & Pharmaceuticals, Personal care and Food & Beverages sector as well. Labelling tapes are well sound and effective in many of the chemical industries as well were the detail information is stored on the bar codes for reference to end user and operation or process gauging for manufacturers.
Labelling Tapes Market: Dynamics
RFID Technology to enhance the market growth of Labelling tapes market
RFID technology is reported to be the most commonly used technological form, representing more than 65 percent of global demand for labelling tapes market. The main advantages associated with RFID labelling tapes are the ability to be implemented on various substrates, automated data collection, information consistency and real-time monitoring. Labelling tapes are basically designed to use the dynamic display mark that would increase dramatically as dynamic display of product information and pricing will result in easy pricing and precision for consumer decision making. Over the forecast period the segment is expected to experience the rapid growth for the Labelling tapes market.
Magnetic tapes to surge the demand growth for Labelling tapes market
Thanks to the broad variety of end-user industries such as data storage, consumer goods, packaging and labeling, the magnetic tape market is rising significantly the market growth of labelling tapes market. Data storage is a highly established magnetic tape market and the emerging regions are increasing the demand for labelling tapes at a global level due to the high adoption rate and ease of use. The fluctuation in these magnetic tape’s raw material, however, can impede the growth of the labelling tapes. Nevertheless, the growing concern in the industries for data integrity, theft, and loss these days provides the labelling tape industry worldwide with growth opportunities.
Labelling Tapes Market: Segmentation
Globally, the Labelling tapes market is segmented into product type, material type, capacity, and end use.
By Technology, the global Labelling tapes market has been segmented as follows: -
- RFID Tags
- Magnetic Tapes
- Others
By product types, the global Labelling tapes market has been segmented as follows: -
- Adhesive tapes
- Non adhesive tapes
By Application, the global Labelling tapes market has been segmented as follows
- Barcodes and Tracking
- Chemical and Hazard Communication
- Environmental Indicating
- Product ID
- Others
Labelling Tapes Market: Regional Outlook
APAC is identified as a prominent market for labelling tapes and is also expected to be the fastest growing market in the forecast period. The region is experiencing strong growth due to high sales of the electrical & electronics, and automotive. The labelling tapes market in emerging economies, such as China, India, Brazil, South Africa, and Indonesia, is expected to see substantial growth while more established markets such as the US, Germany, Japan, and the UK are expected to experience sluggish to no growth over the projected period. China is projected to be the major contributor, largely driven by the high demand from heavy industries and the manufacturing of consumer goods.
Socio-economic growth is helping grow the country's global adhesive tapes market. In addition, low raw material costs and easy availability of cheap labor for the manufacture of adhesive tapes resulted in increased production of low-priced tapes in APAC, which in turn contributed to the growth of the adhesive tapes market in the area.
Labelling Tapes Market: Key Players
Some of the key players operating in the global labelling tapes market are as follows-
- 3M Company
- Hitachi Metals, Ltd.
- Ampex Data Systems
- IBM
- Koninklijke Philips N.V.
- Sanbros Engineering Works
- TDK Corporation
- Toshiba Corporation
- Toyota
- General Electric Company
- Avery Dennison
- Brady Corporation
- Sanford Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on labelling tapes market segments and geographies.
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
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- 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
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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.
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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?
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.
