According to a recently published report by Research Nester on “Global Printable Tags Market: Global Demand Analysis & Opportunity Outlook 2027”delivers detailed overview of the global printable tags market in terms of market segmentation by size, by shape, by material, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Printable tags possess high-visibility lettering, are used to provide warning, danger or caution information as well. They have superior tear resistance and strength for long lasting identification. The gift packaging industry has witnessed immense growth in the recent years and has brought many opportunities for the players in the market during the forecast period.
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They are being increasingly used in the fashion industry in order to portray aesthetic appeal of the brand as well as the fabric. They are used in wide variety of applications such as food, chemical and many more. Attributing to these factors, the market is anticipated to witness significant growth during the forecast period i.e. 2019-2027.
The market is segmented by size into 1”x5”, 2”x3”, 1”x1/2” & others. The market is further segmented by shape into square, circular, rectangular, customized and others out of which, the customized segment is anticipated to have leading shares on account of their property of being designed according to the customer’s requirement. On the basis of material, the market is segmented into paper and plastic out of which, the plastic segment is expected to have significant growth on account of greater strength, stiffness, transparency and resistance to tearing.
By application, the market is segmented into food & beverage, cosmetics & personal care, chemical & pharmaceutical, industrial, luggage tags, packaging and others out of which, the packaging industry is projected to contribute to the market growth attributing to huge demand for printable tags in the segment.
North America and Europe are expected to hold leading shares in the market and U.S. and Germany being the major contributors in the regions, respectively. Asia Pacific region is expected to show significant growth owing growth in the gift packaging industry in the region. Middle East and Africa region to gain momentum and GCC countries to contribute to the market growth in the region.
Wide Usage in Various Applications to boost the Market Growth
The printable tags are used in various industries such as food and beverage, cosmetics, pharmaceutical industry. The demand for these tags is increasing vastly in various applications such as food, jars, gifts, boxes, wedding templates, party templates and many more. This factor is anticipated to drive the growth of the market during the forecast period.
Printable tags affect the environment during the manufacturing, use or post use. The adhesives, coatings, liners used in the tags affect the environment drastically. Some companies use labels which cannot be recycled and ultimately, harm the environment. These factors are estimated to hamper the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global printable tags market which includes company profiling of Avery Dennison, Universal Tag, American Label & Tag, Better Label & Products Inc., and Brady Corporation.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global printable tags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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