Global Pressure Sensitive Tapes &amp Labels Market


Posted February 12, 2021 by pallavivn

Global Pressure Sensitive Tapes & Labels Market was value US$ 94Bn in 2019 and is expected to reach US$ 160Bn by 2027 at a CAGR of 6.8%.
 
Global Pressure Sensitive Tapes & Labels Market was value US$ 94Bn in 2019 and is expected to reach US$ 160Bn by 2027 at a CAGR of 6.8%.

Global Pressure Sensitive Tapes & Labels Market, by Region

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global pressure sensitive tapes & labels market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global pressure sensitive tapes & labels market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Increasing levels of international trade coupled with a rising need for packaging materials will fuel product demand in the upcoming years. Pressure sensitive tapes & labels are continuous flexible strips of plastic, metal, paper, cloth or other materials coated with an adhesive which will stick to a multiplicity of surfaces at room temperature and with a light application of pressure without the need for any phase change. The chief uses of these products include bonding, packaging, masking, sealing, and labelling. Increasing demand for these products in a wide range of high growth industries for instance electronics, construction, automotive, packaging, etc. will augment the pressure sensitive tapes & labels market throughout the forecast years.

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Polypropylene segment based on backing material held the largest market share in 2017 and will hold sway during the forecast years. Its growth will be increased by polypropylene’s superior moisture and chemical resistant properties. Good fatigue and impact resistance along with its resistance to electricity also significantly raise its demand as a backing material.



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Tags global pressure sensitive tapes amp labels market
Last Updated February 12, 2021