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
On the basis of printing technology type, the global micro-printed tear tapes market is segmented as follows
- Lithography (Offset Printing)
- Digital Printing
- Screen Printing
On the basis of printing ink, the global micro-printed tear tapes market is segmented as follows
- 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
- Food & beverage
- Consumer durable
- Electrical & Electronics
- 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.
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