Global Carrier Tape Market Growth 2023-2029

Global Carrier Tape Market Growth 2023-2029

Carrier Tape is a supplementary product for the electronic packaging industry. The tapes are mainly used as protective packages for electronic components, integrated circuits, and other devices. The tape serves as not only a package but also a protecting layer that prevents electronic devices from physical and electrostatic discharge damages during outbound shipping and inbound storage.
Carrier Tape is mainly used by electronic components such as integrated circuits, resistor, capacitor, transistor, etc. During the packaging process, electronic devices are packed in a specially designed cavity on the tape. The carrier tape is then enclosed by a top and a bottom cover tape which then stores the tape in a reel. In that way, the entire structure prevents electronic devices from being polluted during transportation and storage. When the tape arrives at factories or assembly lines, automatic machines pull out electronic devices by locating the round sprocket holes on the tape.
LPI (LP Information)' newest research report, the “Carrier Tape Industry Forecast” looks at past sales and reviews total world Carrier Tape sales in 2022, providing a comprehensive analysis by region and market sector of projected Carrier Tape sales for 2023 through 2029. With Carrier Tape sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carrier Tape industry.
This Insight Report provides a comprehensive analysis of the global Carrier Tape landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carrier Tape portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carrier Tape market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carrier Tape and breaks down the forecast by material, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carrier Tape.
The global Carrier Tape market size is projected to grow from US$ 828.3 million in 2022 to US$ 1356.7 million in 2029; it is expected to grow at a CAGR of 1356.7 from 2023 to 2029.
3M, ZheJiang Jiemei and Advantek captured the top three revenue share spots in the Carrier Tape market in 2019. 3M dominated with 26 percent revenue share, followed by ZheJiang Jiemei and Advantek with 15.78 percent and 11.73 percent revenue share, respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Carrier Tape market by product material, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by material
Paper Core Carier Tape
Plastic Core Carier
Segmentation by application
Active Components
Passive Components
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M
ZheJiang Jiemei
Advantek
Shin-Etsu
Lasertek
U-PAK
ROTHE
C-Pak
Oji F-Tex Co., Ltd.
Accu Tech Plastics
Asahi Kasei
ACTECH
Ant Group (Acupaq)
Advanced Component Taping
Argosy Inc.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Carrier Tape market?
What factors are driving Carrier Tape market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Carrier Tape market opportunities vary by end market size?
How does Carrier Tape break out material, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.