Heat Activated Tear Tape Market: Dynamics
Cost saving and reducing wastage during packaging are the driving forces for heat activated tear tape market. The fueling factor for boosting the growth of heat activated tear tape market is to get temperature tamper proofing during transportation and storage of food items. The other factors responsible for propelling exponential growth of this market is it replaces the use of mechanical fasteners such as staples, needles, threads, and screws. Tear tape also reduces work process time by eliminating drilling process for fasteners. This ultimately reduces the assembly and packaging time and hence help to control production cost. It is the ideal marketing tool for branding and communication for many industries. The market of such tear tape is growing on the backdrop of FMCG where frequent packing and unpacking is required with less time consumption. The increasing demand of user friendly packaging is further resulting into more opportunities in food & beverages industry. Lucrative opportunities are witness for the growth of this market with the expansion of tobacco industries across the world. Increasing number of retail shops of grocery, textile, and e commerce packaging are the key contributing factors in heat activated tear tape market.
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The regulations from various governing for using plastic material might hamper the growth of heat activated tear tape market.
Heat Activated Tear Tape Market: Regional Outlook
As the heat activated tear tape is multipurpose it can be used for all packaging products worldwide. Due to increasing number of supermarkets and retail industries, the market is growing potentially in the United States and Mexico. It is witness that the market is having stagnant growth in developed countries of Europe like France and Brazil. The China market and India market are potentially growing markets for heat activated tear tape. China is the largest exporter of heat activated tear tape. Asia Pacific region is dominating the global demand heat activated tear tape for incorporating packaging requirements of tobacco and FMCG products. Ease of unpacking offered by heat activated tear tape have increased its application in packaging of electric and electronic parts and confectionery products.
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Heat Activated Tear Tape Market: Key Players
Following are the key players of heat activated tear tape market: DISTRIBUCIONES JULMARSA S.L. Parafix Tapes & Conversion Ltd. 3M tesa SE Bagla Group Tann Germany GmbH Nowofol GmbH Septa GmbH Anhui Eastern Communication Packing Material Co. Ltd
Apart from these, many local, small & medium enterprises, and start-ups are expected to participate in global heat activated tear tape market during forecast period.
The Heat Activated Tear Tape Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes – North America Latin America Western Europe Eastern Europe East Asia South Asia Middle East & Africa (MEA)
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