Global Embossed Carrier Tape Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Embossed Carrier Tape Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Embossed Carrier Tape is a supplementary product for the electronic packaging industry. 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.

The carrier tape industry currently offers embossed carrier tape and punched carrier tape. Embossed carrier tape provides protection to integrated circuits and other devices from physical and electro-static discharge (ESD) damage during shipping and storage. The embossed carrier tape contains embossed cavities that are made by blistering the model that creates a concave shape pocket on the tape. With this method, manufacturers can provide customization for electronic components based on customer requirements. The punched carrier tape, on the other way, has penetrated cavities that were made through a die cutting methods that forms punched or semi-punched pockets on the tape. Due to the limit of the tape’s thickness, the punched carrier tape is only applicable to relatively smaller electronic components.

Market Overview:

The latest research study on the global Embossed Carrier Tape market finds that the global Embossed Carrier Tape market reached a value of USD 577.09 million in 2022. It’s expected that the market will achieve USD 763.43 million by 2028, exhibiting a CAGR of 4.77% during the forecast period.

Increasing demand for electronic packaging

Embossed 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. Electronic goods packaging is highly important for protection of electronic goods during transit. Electronic goods are an important part for several individuals, to carry out various task such as washing, cleaning, cooking etc. In addition, tremendous technological advancements in electronic goods is further creating huge demand, which is expected to positively impact growth of the global electronic goods packaging and embossed carrier tape market over the forecast period. Global embossed carrier tape market is driven by growing logistics industry, and increasing trade of electronic goods across the globe. Growing demand for electronics, reduced cost of packaging, and developing global supply chain network are some major factors fuelling growth of the global embossed carrier tape market over the forecast period.

Fierce competition

With major manufacturers and suppliers in the Embossed Carrier Tape industry competing at globally, the intensity of competition within the Embossed Carrier Tape industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a Embossed Carrier Tape business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Embossed Carrier Tape manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

Fluctuations in raw material prices

The price of commodities, raw materials and components, including Polycarbonate, Polystyrene, Paper, the largest raw material categories, have been volatile in prior years, and the cost, quality and availability of such commodities have been significantly affected in recent years by, among other things, changes in global supply and demand, changes in laws and regulations (including tariffs and duties), changes in exchange rates and worldwide price levels, natural disasters, labor disputes, terrorism and political unrest or instability. These factors could lead to further price increases or supply interruptions in the future. As discussed above, in the short term, rapid changes in raw material costs can be very difficult for manufactures to offset with price increases because, in the case of many of contracts, suppliers have committed to selling prices for goods and services for periods of one year, and occasionally longer. Manufactures' profit margins could be adversely affected if commodity, raw material and component costs remain high or escalate further, and, manufactures are unable to pass along a portion of the higher costs to customers. Price variance caused by fluctuations in raw material prices, which is not conducive to the development of the industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia-Pacific (67.07% in 2022).

Company Overview:

3M is one of the major players operating in the Embossed Carrier Tape market, holding a share of 25.63% in 2023.

3M

3M Company conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company businesses share technologies, manufacturing operations, marketing channels, and other resources.

Advantek

Advantek is a globally recognized leader in semiconductor transportation and packaging systems. Advantek has factories in North America, Asia and Europe. From stamped carrier tapes to moisture-proof bags, their products play an important role in the assembly of computers, mobile phones, LED lighting, medical devices, smart appliances, and automobiles.

Segmentation Overview:

By type, 24 mm segment accounted for the largest share of market in 2022.

Application Overview:

In the Embossed Carrier Tape market, 78.61% of the total value was generated through the IC Packaging Company segment by application in 2022.

Key Companies in the global Embossed Carrier Tape market covered in Chapter 3:

AQ Pack
YAC Garter
Hwa Shu Enterprise
3M
ADY
Daewon
Advantek
Kostat
Peak International
Shin-Etsu Polymer
Accu-Tech Plastics
Alltemated
ITW ECPS
U-PAK
Erich Rothe GmbH & Co. KG
C-Pak
KT Pak
Zhejiang Jiemei Electronic Technology
Sinho Electronic Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Embossed Carrier Tape market from 2018 to 2029 is primarily split into:

8mm
12mm
24mm
32mm
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Embossed Carrier Tape market from 2018 to 2029 covers:

IC Packaging Company
IC Wholesaler

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)