Tape and Label Cores Market: Size, Segmentation, Application

Tapes market is rapidly growing due to its wide range application from sealing to masking in shipping and logistic industries to building and construction. To tap the potential tapes, market manufacturers are focusing on improving the consumer experience while using the tapes. World tape market is estimated to be around US$ 50 Bn and is expected to grow at a CAGR of over 5% over the forecast period. The growth in the use of tapes is the key driver for tape and label cores market.

Trough prints of company’s name and logo on the cores companies are leveraging the wide range of application of tapes in various industries for building brand image while boosting the growth in tape and label cores market. Tape cores are essential to provide strength to tape and labels for providing the convenience in the usage of tapes which provides the sustainability in tape and label cores market.

Low cost of the raw material utilized in manufacturing of tape and label cores is another factor supporting the demand in tape and label cores market. However, technological advancements such as digital dispensers may limit the use of tape core in industries while limiting the growth in tape and label cores market.

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Tape and Label Cores Market: Market Segmentation

Tape and label cores market can be segmented by material type, by inner diameter dimensions, by end use, and end-use industry.

Based on the material type, tape and label cores market are segmented into:

• Plastic
  • Polyvinyl chloride (PVC)
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Others
• Paper & paperboard
• Metal & metal alloys

Based on inner diameter dimensions, tape and label cores market are segmented into:

• 5 – 5.5
• 5 – 10.5
• 5 – 15.5
• >15.5

Based on end use, tape and label cores market are segmented into:

• Labels
• Duct Tapes
• Paper Rolls
• Price Stickers
• Masking Tape
• Gummed tapes
• Other

Based on end-use industry, tape and label cores market are segmented into:

• Textile
• Promotional
• Advertising
• Packaging
• Shipping & Logistics
• Automotive
• Aerospace
• Building and construction
• General Industrial

Regionally global Tape and Label Cores market is segmented into

Regionally tape and label cores market can be segmented as

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia-Pacific excluding Japan (APEJ)
• Middle East & Africa (MEA)

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Being the largest exporter of the world merchandise APEJ region is expected to lead the tape and label cores market. North America is expected to follow APEJ region in tape and label cores market due to its high consumption of pressure sensitive tapes and labels for commercial and non-commercial purposes. Western and Eastern Europe are expected to grow moderately in tape and label cores market. MEA is expected to be a small but rapidly growing region in tape and label cores market while Japan is expected to contribute the significant share in tape and label cores market attributed to its high exports.

Tape and Label Cores Market: Key Players:

Some key players in tape and label cores market are Sonoco Products Company, PTS Manufacturing Co., Western Container Corporation, MAGNETICS, COREX Group, Denka Company, Teel Plastics, Inc., Northcore Industries Inc., Available Plastics, Inc. and Excalibur Extrusion, Inc.

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