Pre-Printed Tape Market Size, Share, Growth, Forecast and Outlook (2024-2031)

Pre-Printed Tape Market is segmented By Type (Acrylic, Hot Melt, Water-based, Solvent-based, Others), By Material (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Aluminium and Copper Foils, Others), By Printing Technology (Lithography, Flexography, Digital Printing, Screen Printing, Others), By Application (Bundling, Carton Sealing, Tamper Evident Seals, Product and Company Identification, Others), By End-User (Food & Beverage, Transportation & Logistics, Pharmaceuticals, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Pre-Printed Tape Market Size

The Global Pre-Printed Tape Market reached US$ 33.3 billion in 2022 and is expected to reach US$ 43.2 billion by 2030, growing with a CAGR of 3.3% during the forecast period 2023-2030.

Pre-printed tape modification is now simpler and more affordable because of developments in printing technology. To fit certain goods or marketing campaigns, businesses may customize the tape's style, color and message. Businesses seeking packaging options that complement their distinctive positioning are attracted by their adaptability. Pre-printed tapes enable the identification and exclusion of items in sectors with a large range of offerings

Asia-Pacific is among the growing regions in the global pre-printed tape market covering more than 1/3rd of the market and increasing the rapid economic expansion in the Asia-Pacific has expanded industrial production and trade volumes. To ensure safe and aesthetically pleasing shipments, there is an increasing demand for effective and branded packaging solutions, including pre-printed tapes.

Pre-Printed Tape Market Scope

For more details on this report - Request for Sample

Pre-Printed Tape Market Dynamics

Innovative Packaging and Technological Developments

The demand for pre-printed tape among industrial end-users has grown significantly on a global scale. Due to its difficulty to be removed and resealed without being noticed, printed tapes greatly save packing costs, which is the main driver for their current surge in popularity. In addition to the expansion of the printing industry, there are certain other benefits related to it that have accelerated the sales of pre-printed tape on the international market.

For instance, In 2018, Intertape Polymer Group (IPG), a maker of packaging goods and systems, completed the $9.9 million acquisition of Powerband Industries, an Indian firm that makes packaging tapes, for the remaining 26% of the company. The production of carton-sealing tape is the main goal of this expansion in order to serve the North American and European markets. 

Increasing Demand for the Product in Food & Beverage Applications for Branding, Promoting Packaging Activities

Pre-printed tape provides food and beverage manufacturers to strongly display their brand names, logos or slogans on the packaging. Certain items in the food sector need to comply with regulations or have special labels. Pre-printed tapes can include crucial details like ingredient lists, nutritional information, allergy warnings and expiration dates, assisting firms in keeping to regulations.

For Instance, In 2022, Shurtape Technologies, LLC, a market-leading manufacturer of pressure-sensitive tapes, acquired Pro Tapes & Specialties, Inc., a manufacturer and converter of tapes that provide services to a number of industries and markets, including graphic arts, library and school supply, precision die-cutting and fabricating, contract and custom converting retail and general industrial. 

High Cost of Printing with High Quality and Ink Evaporation

The increased production costs needed to produce high-quality printing on pre-printed tapes are one of the primary challenges. It is sometimes necessary to use specialized printing equipment and cutting-edge printing methods to produce bright, colorful visuals with fine details. Manufacturers and suppliers may incur higher costs as a result, which might affect their profit margins and pricing strategies.

In addition, the financial restrictions associated with high-quality printing may result in limitations in customization choices. A business's capacity to produce highly customized or one-of-a-kind pre-printed tapes may be constrained if it finds it difficult to employ many colors or apply complex patterns. The problem of ink evaporation during the printing process is another thing that puts limitations on things.

Pre-Printed Tape Market Segment Analysis

The global pre-printed tape market is segmented based on type, material, printing technology, application, end-user and region.

Rising Demand for Water-Based Due to Increasing Sustainable Packaging Alternatives

The water-based holds a major share of around 33.41% in the global pre-printed tape market. The demand for pre-printed tapes with water-based ink printing has increased as a result of the global trend toward sustainable packaging alternatives. Water-based inks are a desirable alternative for achieving sustainability goals as companies and customers are increasingly looking for sustainable packaging possibilities.

For Instance, In 2021, Protege Global Ltd introduced a new brand of Automatic Gummed Tape Dispensers. This paper tape, which is activated by water, is the most reliable and cost-effective solution for sealing a package. Gummed paper tape dispenser PRT70 is dependable and easy to use. The colored buttons may be used to pick pre-programmed lengths, making it possible to seal boxes fast and effectively.

Pre-Printed Tape Market Geographical Penetration

Asia-Pacific Growing Investment Prospects in Brand-New Solar Power Plants

The Asia-Pacific pre-printed tape market has witnessed significant growth and popularity covering 1/3th share in 2022. The region's major country is China. A Pre-printed tape includes a variety of materials, including plastics like polypropylene, PVC and other forms of plastic. Additionally, the packaging tape printing industry in China had the biggest market share, while the packaging tape printing market in India had the quickest rate of growth in the Asia-Pacific.

Additionally, nearly 360 million tonnes of plastic will be manufactured worldwide in 2019, according to Plastics Europe, with China being the world's top manufacturer. China alone accounts for 30% of Asia's 51% share of the world's plastics production. Because of this, it is anticipated that the need for printed tape will increase in APAC as plastics are produced and used at a faster rate.

Pre-Printed Tape Market Companies

The major global players include 3M, Tesa SE, Intertape Polymer Group (IPG), Nitto Denko Corporation, Shurtape Technologies, LLC, Avery Dennison Corporation, Scapa Group plc, Lohmann GmbH & Co. KG, Saint-Gobain Performance Plastics and LINTEC Corporation.

COVID-19 Impact on Pre-Printed Tape Market

A rise in e-commerce and online shopping was observed throughout the pandemic as people turned to internet retailers rather than physical ones to make purchases. Pre-printed tapes were in more demand as a result of this rise in the need for packing materials to ensure safe and labeled shipping. The pandemic affected the availability and manufacture of packaging materials, especially pre-printed tapes and disrupted supply chains throughout the world. 

For instance, there can be a higher need for packaging tapes that include COVID-19 safety statements, hygiene recommendations or tamper-evident elements. There was a change in demand for particular kinds of pre-printed cassettes due to changes in customer behavior and the closing of non-essential enterprises during lockdowns.

Russia-Ukraine War Impact

This claim has negatively impacted people's livelihoods and means of sustenance and has drastically disturbed trade relations. The ongoing violence and volatility in Eastern Europe are expected to have a damaging impact on Ukraine and have serious, long-lasting effects on Russia.

The research demonstrates the effects on demand-supply balances, pressure on price fluctuations, influence on import/export and trade and short-term guidance to the global pre-printing tape market in light of the most recent information on the dispute and reactions from across the world.

Key Developments

• On February 20, 2023, Tesa SE launched a paper-based tape solution for this use. The new Tesa 51344 is the first in a line of modifications to the company's line of corrugated board design tapes. tesa 51344 is a revolutionary paper-based rip tape that provides an opening option for shipping boxes and envelopes without plastic.
• On November 17, 2022, Tesa launched a packing tape composed of recycled PET bottles, the Tesa 60412. The recycled PET packaging tape from Tesa offers a more environmentally friendly option than regular packaging tape since it is made of recycled materials and bio-based raw materials.
• On March 8, 2022, A subsidiary of Clearlake Capital Group, L.P.'s companies acquired Intertape Polymer Group Inc. Following the terms of the agreement, Clearlake will purchase the outstanding shares of IPG for CDN$40.50 each in an all-cash deal estimated to be worth US$2.6 billion when net debt is taken into account.

Why Purchase the Report?

• To visualize the global pre-printed tape market segmentation based on type, material, printing technology, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of pre-printed tape market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global pre-printed tape market report would provide approximately 78 tables, 86 figures and 211 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies