Global Micro-Printed Tear Tapes Market: Overview

Micro-printing is a security printing feature that reduce the chance to fake official documents or brand logo as well as to print fake checks. Micro printing on tear tapes serves as an anti-fraud tools that is generally used to print exceedingly fine details on a document with high clarity. Also, small alphabets/letters printed on tear tapes are often printed so small that are difficult to read by naked eye, resulting as a hidden security feature for a document or a brand product. Key market players in the security packaging industry are looking forward to invest more in microprint technology. The increasing consumption of micro-printed tear tapes for day-to-day clerical operations in the banking, financial and defense services sector is expected to create high demand for the target market. Moreover, increased demand for anti-counterfeit products over the past decade is also to drive the micro-printed tear tapes market.

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Global Micro-printed Tear Tapes Market: Dynamics

Micro-printed tear tapes market is driven by the outperformance in the anti-counterfeiting products used in the packaging industry. The demand for micro-printed tear tapes is projected to display substantial growth as a result of its rising adoption in BFSI services, logistics & transportation as well as to minimize anti-counterfeit products in the manufacturing industry. In addition, the growing use of micro-printed tear tapes for authentication of classified documents in the government sector application is expected to impart positive impact on the market. This factor is expected to increase the growth rate of micro-printed tear tapes market in the near future.

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 Global Micro-printed Tear Tapes Market: Segmentation

Micro-printed tear tapes market is classified on the basis of material, print technology, printing ink, and end-use industry served.

On the basis of material type, the global micro-printed tear tapes market is segmented as follows

  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE) 
  • Polyamide (PA)
  • Aluminum and copper foils
  • Others

On the basis of printing technology type, the global micro-printed tear tapes market is segmented as follows

  • Lithography (Offset Printing)
  • Flexography
  • Digital Printing 
  • Screen Printing 
  • Others

On the basis of printing ink, the global micro-printed tear tapes market is segmented as follows

  • Solvent-based
  • Water-based
  • UV curable

On the basis of end-use industry, the global Micro-printed tear tapes market is segmented as follows

  • Government & Defense
  • Banking, Financial Services & Insurance (BFSI) Industry
  • Manufacturing
    • Food & beverage
    • Consumer durable
    • Electrical & Electronics
    • Automotive
    • Aerospace
  • Logistics & Transportation
  • Building & Construction
  • Other Industrial

Global Micro-printed tear tapes Market: Key Players

Some of the leading manufacturers in the micro-printed tear tapes market includes Essentra Plc, Tann Germany GmbH, Bagla Group, Hindustan Adhesives Limited, and Others  

Leading manufacturers are seeing forward to invest in offering diversified product portfolio focusing high-tensile strength, printed designs with metallic and hologram colors, provide quick access to packaged product in case of tape tearing, and many more.

Global Micro-printed tear tapes Market: Regional Outlook

Leading manufacturers of packaging tapes as well as printing equipment/technology providers in China, Japan and South Korea has unfolded several growth opportunities in the micro-printed tear tapes market in Asia Pacific region. Thus, Asia Pacific is expected to display the maximum growth in the micro-printed tear tapes market principally driven by the manufacturing & services sector across the developing economies like India and ASEAN countries. However, North America is anticipated to hold protuberant market value share owing to presence of a large number of tier-1 micro-printed tear tapes manufacturer. Also, European countries especially United Kingdom, Italy, and the Germany are expected to represent high intensity in terms of the manufacturer’s penetration. The market for micro-printed tear tapes in the Middle-East region is projected to create significant incremental opportunity over the forecast period. Overall, summarizing the above mentioned opportunities across the key geographies, the market for micro-printed tear tapes is expected to display healthy growth rate in the upcoming years.

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 in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with micro-printed tear tapes market attractiveness as per segments. The report also maps the qualitative impact of various market factors on 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
  • 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
  • Europe
  • 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?

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.

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