Global Printed Tapes Market to Reach $60.1 Billion by 2030
The global market for Printed Tapes estimated at US$37.6 Billion in the year 2023, is expected to reach US$60.1 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Polypropylene-based Printed Tapes, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$30.3 Billion by the end of the analysis period. Growth in the Polyvinyl Chloride-based Printed Tapes segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 10.6% CAGR
The Printed Tapes market in the U.S. is estimated at US$9.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.7 Billion by the year 2030.
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