Rising E-commerce Retailing is Fuelling the Demand of the Global Tape and Label Cores Market

Tape and Label Cores Market: Introduction

Tape and Label cores are generally cylindrical or cardboard tubes which are used in the adhesive, fabric, electrical, and paper product industries. Tape and label cores are of utmost importance for the tape and label industry as they have to provide a solid support from the interior to the tapes and labels wrapped on the outside. Some of the features of tapes and labels such as ease of application and environmental friendliness are expected to fuel the demand of the global tape and label cores market over the forecast period. Tape and label cores are mostly used for rolls of high-strength tapes, such as duct tape, electrical tape, masking tape, and packing tape. Tape and label cores also serve the promotional purpose as they are used by the manufacturers to get their brand name across and enhancing their visibility. These cores come in varying sizes thus fulfilling the varying need of the end users.

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Tape and Label Cores Market: Market Dynamics

Rapid industrialization across the geographies has created ample opportunities for the global trade which led to augmented use of tapes and labels for variety of its applications. This in turn led to rising demand for sophisticated Tape and Label Cores as major tape and labels manufacturers are strongly focusing on expanding their production capabilities and new product launches. Furthermore, Growing consumption of tapes and labels across the geographies is anticipated to be the major drive for the budding tape and label cores market. Tapes and labels are used for the better protection of goods in transit, rising e-commerce retailing is also fuelling the demand of the global tape and label cores market.

Growth of the global tape and label cores market is hampered by other substitutes being introduced in the market such as the melt & dispense glue system which is being increasingly used for the product packaging by manufacturers. Increasing emphasis on the use of biodegradable material for making the tape and label cores is a key trend prevailing in the global tape and label cores market.

Tape and Label Cores Market: Market Segmentation

The global tape and label cores market is segmented on the basis of adhesive type, material type, end use, and geography.

On the basis of adhesive type, the global tape and label cores market is segmented into

Single Sided
Double Sided

On the basis of material type, the global tape and label cores market is segmented into

Paperboard
Kraft Paper

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On the basis of end use, the global tape and label core market is segmented into

Shipping and Logistics
Food & Beverages
Electronics & Electricals
Healthcare
Building and Construction
Oil & Gas
Industrial and Consumer Goods

Tape and Label Cores Market: Regional Outlook

On the basis of geography, the global tape and label cores market is segmented into Latin America, North America, Middle East & Africa, Asia Pacific, and Europe. North America is comparatively a mature market is currently leading the global tape and label cores market. Asia Pacific is expected to witness steady growth over the forecast period due to rising e commerce across economies such as China and India. Latin America is expected to witness slow growth over the forecast period due to labor market flexibility in the region.

Tape and Label Cores Market: Key players

Some of the key players operating in the global tape and label cores market are Western Container Corporation, Corex Group, Midwest Specialty Products Co., Inc., Sonoco Alcore, Great Plains Paper Tubes & Cores, and Pac Rite Inc.

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