Industry Press Releases

Rise in Corrugated Box Sales Will Improve the Growth Rate of the Global Pressure-Sensitive Tapes Market through 2019: Technavio

Wednesday, Apr 15, 2015
Pressreleases

Due to the increased use of corrugated boxes for packaging, the Global Pressure-sensitive Tapes Market is expected to grow at a CAGR of 6.63 percent from 2015-2019, says Technavio.

About the Report

The consumption of packaged goods is growing in both developed and developing regions, and the resulting increase in demand for corrugated boxes from the retail sector and the food industry will propel the growth of the global pressure-sensitive tapes market, especially for carton sealing tapes.

“The consumption of corrugated boxes is increasing in tandem with the packaging of non-durable goods across different verticals, and this changing consumption pattern is set to impact market growth through the projected period,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes an increase in demand from developing countries in the APAC region and Africa because of industrialization and growth of the construction and packaging sector. The rise in disposable income and the demand for both industrial and consumer goods have increased the demand for pressure-sensitive tape products.

“The organized retail sector has experienced a positive growth in the APAC and EMEA regions. The construction industry is also recovering from the recession, and is expected to generate similar revenues in the future,” says Ghaus.

Key Information Covered in the Report:

    Market segmentation, size and forecast through 2019
    Market Growth Drivers:
        Rise in corrugated box sales
        For a full detailed list, view our report.
    Market Challenges:
        Increase in cost of raw materials
        For a full detailed list, view our report.
    Market Trends:
        Increased demand from developing countries
        For a full detailed list, view our report.
    Key Vendors:
        3M Co.
        Lintec Corp.
        Tesa SE
    Other Prominent Vendors:
        Achem Technology
        Berry Plastics
        Chomerics
        CTT

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the adhesives market:

    Global Wood Adhesives and Binders Market 2015-2019
    Global Hygiene Adhesives Market 2014-2018

If you are interested in more information, please contact our media team at media@technavio.com.

Contact

Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

 

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