Punched Tabs Market: An Overview
Need for a potential opportunity to eliminate the communication barrier between the companies and the consumers’ led to the development of punched tabs. Messages from the companies are punched on the tabs to engage the consumers and increase their knowledge about a product. Punched tabs can be decorated in any possible pattern to spread the message as per the need of the companies. Punched tabs are cost-effective and require a small amount of material for its production. Punched tabs are easily recyclable with no loss of physical property and quality of the materials used in the production of tabs. Punched tabs are unbreakable, which allows the tabs to stick to the can after its use lowering the waste disposal.
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Punched Tabs Market: Dynamics
The growing need for convenient and easy lifestyle propelled the demand for ready to consume food and drinks. Increase in the need for canned beverages and food urged the companies to manufacture unique and appealing products. This led to the introduction of punched tabs. Punching of different designs in the tabs tempts the consumers’ to purchase cans which drive the market for punched tabs. Demand for beverage can ends is increasing due to various advantages, which includes high-quality printing and higher mechanical strength. Punched tabs help in an effective response to on-going trends of mass customization. Punched tabs also allow the brand to easily adapt to time-sensitive events. These features boost the market for punched tabs. Rising need for metal cans and easily portable canned food and beverages helps in expanding the punched tabs market.
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Punched Tabs Market: Key Developments
Many key players in the market are focusing on product launch to produce new sustainable products for consumer’s convenience and to increase their product portfolio. Recent developments in the performance of punched tabs have created a branding opportunity for the companies. This is helping to raise the market for punched tabs. Companies are now able to communicate to the consumers’ through punching brand on tabs for promotion.
- In July 2019, Ardagh Group launched a new copper color which will give extra shelf appeal to the cans, thus increasing their product portfolio.
- In April 2019, Crown Europe launched a new variant of round-to-square cans aimed to provide luxury packaging to the can market.
- In March 2019, Ball Corporation was honored with the inaugural Founding Sponsor Award for inspiration and recognition of Science and Technology in appreciation of the company’s long-term support to the program by Colorado.
Punched Tabs Market: Segmentation
On the basis of material, the punched tabs market has been segmented into:
On the basis of end size, the punched tabs market has been segmented into:
- Up to 50 mm
- 50 to 55 mm
- More than 55 mm
On the basis of end use, the punched tabs market has been segmented into:
Punched Tabs Market: Regional Outlook
Countries like Sweden, the UK, France, and Belgium in the European region and the U.S. in the North America region have the highest consumption of canned food and countries like Belgium, Germany, and Denmark in the European region have the highest consumption of canned beverages; and therefore, the market for punched tabs is expected to rise. The punched tabs market in developed countries such as the U.S., Italy, and the UK is expected to have positive growth during the forecast period. Punched tabs help companies to advertise their logo through a consumable product. The increasing demand for business endorsement and to manufacture consumer attractive products drives the punched tabs market in developing countries such as India, China, etc.
Punched Tabs Market: Key Players
- Ball Corporation
- Ardagh Group S.A.
- Stolle Machinery Company LLC
- Crown Holdings, Inc.
- Orora Limited
- BAGPAK Polska Sp. z o.o.
- Anhui Wonderful-Wall Color Coating Aluminium Science Technology Co., Ltd.
- Shandong Sinopackmate Co., Ltd.
- Novelis, Inc.
- Shandong Gaotang JBS Bioengineering Co., Ltd.
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 punched tabs market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes –
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
- A detailed overview of punched tabs market
- Changing punched tabs dynamics in the industry
- In-depth punched tabs market segmentation
- Historical, current, and projected punched tabs market size regarding volume and value
- Recent industry trends and developments in punched tabs market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on punched tabs market performance
- Must-have information for punched tabs market players to sustain and enhance their market footprint
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.