Global Label Printer Market share is estimated to be around US$ 43.8 Bn in 2022

Between 2022 and 2032, the label printer market is projected to grow at a CAGR of 4.2%. According to estimates, the market share for label printers will be worth US$ 42 billion overall in 2021 and US$ 66 billion by 2032. Barcode labels and tags can be printed directly on objects using label printers. It is used to create product tags and identifiers, which is acknowledged as the primary driver of label printer sales in the market.

Label Printers is a device which is used to produce barcode labels or tags that can be directly printed on the physical objects. Label printers are used for printing product labels and printing barcodes. Label printer machine is used to make barcode or tags for retail items or label cartons with universal product codes or European Article Numbers before shipment. 

The label printers are also used for printing barcodes on wristbands which are used for personal identification in hospitals or any events. Label printers use thermal transfer or direct thermal techniques to apply ink to the tags. Industrial printers, desktop printers and mobile printers are the major type of products in the label printers market. 

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Label Printer Market: Dynamics 

Due to increased use in organized retail for labeling is expected to drive the label printers market over the forecast period. Label printers are used in healthcare for wristbands and tags that help to patient tracking and identification, surgical procedure and specimen labels. 

Increased demand for wristbands label in healthcare is anticipated to impact the market growth favorably. Furthermore, the workforce of mobile sales carrying out on-field transactions has expected to increase the demand for mobile label printers. Increased in the adoption of RFID which offers many advantages over barcode which is expected to pose a challenge to the industry growth. 

The label printers market is anticipated to a moderate market and high end products mainly from the United States and Western Europe. For growth and development companies used to make a strategy for merger and acquisition. 

Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the global market of label printers market over the forecast period. 

Label Printer Market: Regional Outlook 

North America and EMEA are anticipated to dominate the label printers market during the forecast period. Europe is expected to leading the regional market for label printers and is expected to witness significant growth over the forecast period. 

During the future projected year, Western Europe is anticipated to account for the noteworthy market share for label printers. Today’s technology advancement and product differentiation are some of the primary reasons for the growth of the label printers market. 

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The Asia Pacific is expected to noteworthy growth during the forecast period due to huge investments by the industries in the retail sector. In addition, the development of production facilities is expected to increase the demand for label printer during the forecast period. 

In the Asia Pacific, china held the largest market share and recognize for a large number of production facilities paired with escalating demand from the shipping application segment. Overall, the Label Printer market is forecast to enjoy balance growth in the forecast period. 

Which is the Leading Region in the Label Printer Market

North America and EMEA are anticipated to dominate the label printer market share during the forecast period. Europe is expected to lead the regional market in sales of label printers and is expected to witness significant growth over the forecast period.

During the future projected year, Western Europe is anticipated to account for the noteworthy market demand for a label printer. Today’s technological advancement and product differentiation are some of the primary reasons for the growth in sales of label printers in the global market.

Who are the Key Players in the Label Printer Market

Some of the players operating in the label printer market are

  • Zebra Technology,
  • Toshiba TEC Corporation,
  • Shandong New Beiyang Information Technology Co., Ltd,
  • Honeywell International Inc.,
  • TSC Auto ID Technology Co., Ltd,
  • Citizen Systems Europe,
  • Epson India Pvt Ltd,
  • Brady Worldwide, Inc.,
  • DASCOM Americas SBI LLC,
  • GoDEX,
  • cab Produkttechnik GmbH & Co KG,
  • Postek Electronics Co., Ltd.,
  • Wasp Barcode Technologies, and many more.

Many local and unorganized players are expected to contribute to the demand for label printer in the coming years owing to the expansion of e-commerce platforms for selling merchandise.

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Major Developments in Label Printer Market

  • Epson released its major product named ‘Just in Time’ label printing solution in the past years with its other colour labelling printers that features MicroPeizo inkjet technology. This strengthened the company presence in the global label printer market since then.

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Waterproof Label Market is likely to advance at a CAGR of 3.7% through 2032

With a forecasted CAGR of 3.7% from 2022 to 2032, the waterproof label market is predicted to grow to US$ 9.1 billion in 2022 and US$ 13.1 billion by 2032. These days, waterproof packaging is a very popular sort of packaging, and the practically infinite variety, design, and functionality of this type of packaging is projected to spur the expansion of the waterproof label market during the course of the forecast period.

Additionally, the market for waterproof labels has grown due to their versatility and benefits, such as the fact that they are UV resistant for many years and stain-resistant thanks to the eco-solvent inks used in printing them.

Waterproof labels can be classified as inkjet printable waterproof labels and laser-printable waterproof labels. They are made up of either polyethylene or polyester. Waterproof labels have various benefits such as they are high quality without sacrificing aesthetics, they are extremely durable, they can hold up a wide array of temperatures and they are made up of strong and permanent adhesives.

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Due to their exceptional durability, materials like vinyl and polyester are a key component driving the growth of the global market for waterproof labels. These waterproof labels function exceedingly well in the elements and are suitable for both dry and wet applications. While a range of products utilise waterproof labelling. This sort of labelling is compatible with products like microwaves and dishwashers and is not affected by any pricy and toxic waterproofing sprays. The need for waterproof labels grows as a result. The market’s expansion could be hampered, though, by consumer ignorance and the greater initial cost of raw materials.

How will the North America Waterproof Label Market Grow?

The North American region took second place after Europe in the waterproof label market share acquiring 27% of the waterproof label market share as per the waterproof label market survey.

Increased demand for industrial and packaging products in the North American region may also increase the demand for waterproof label by the end of the forecast period.

How is the market for waterproof labels’ startup ecosystem doing?

In order to get attention across the globe, the start-up ecosystem in the waterproof label market is always developing fresh and original concepts. In recent years, the market for waterproof labels has seen tremendous growth.

One of the startups is the Blue Label Packaging Company, which offers premium waterproof labels that are adopted without any scratches, tears, or smudges.

In order to ensure that you receive the best waterproof label in the upcoming years and to increase the waterproof label market potential, it also aims to keep your products safe with flexible and lightweight packaging

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Who are Some of the Key Competitors in the Waterproof Label Market?

Some of the major players identified across the globe in the waterproof label market are

  • LANGGUTH America Ltd.,
  • Markem-Imaje,
  • Matthews Marking Systems,
  • Multivac Inc.,
  • Paxton Products,
  • PDC International Corp.,
  • Primera Technology,
  • SATO America,
  • Sleeve Seal,
  • Squid Ink,
  • Guangzhou Aide Medical Technology Co., Ltd.,
  • Guangzhou Guangcai Labels Co., Ltd.,
  • Hangzhou Newsmax Technology Co., Ltd.,
  • Dongguan Changan Zhiye Printing Factory.

The key competitors are operating the waterproof label market with their several advanced methodologies and ideas to upsurge the waterproof label market size. Such as mergers, product launches, partnerships, acquisitions and others.

Recent Development in the Waterproof Label Market are

  • In 2020, The DIC Corporation company announced to launch of its new revolutionary printing inks which induce drying with the help of oxidation polymerisation. The company adopt this strategy which is anticipated to expand its business worldwide.

Key Segments

By Design:

  • Impulse turbine
  • Pelton wheel
  • Turgo
  • Water wheel
  • Jonval turbine
  • Archimedes screw
  • Reaction turbine
  • Francis turbine
  • Kaplan turbine
  • Tyson turbine
  • Gorglow turbine

By Application:

  • Power Generation
  • Power Storage
  • Marine
  • Aeronautics

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Paper Based Laminates Market forecasted to registering 5.2% CAGR during the forecast period 2022-2032

By 2032, the market for paper-based laminates is expected to be valued at US$ 559.4 million, up from US$ 336.9 million in 2022, growing at a CAGR of 5.2%. Paper-based laminates, which are layers of paper adhered together by resins and fused under pressure and heat to create thermoset composites, are becoming increasingly popular.

Due to their sustainability, functionality, and suitability for surfacing options, paper-based laminates are becoming more and more popular. Because it is being used more frequently for light-duty and low-wear applications, people are extremely inclined to adopt this product and increase sales of paper-based laminates.

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Paper based laminates are made of layers of paper with resins sticking a layers together, bonded under pressure and heat in order to produce a thermoset composite. Paper based laminates offer excellent electric insulating property, low moisture absorption, high insulation resistance, easy machining to good finish and good mechanical strength. 

Paper based laminates are sustainable, functional and suitable for surfacing options which are suitable for low-wear, light duty applications. The paper based laminates are available in large assortment of patterns and number of colors. The paper based laminates can be combined paper grades and with several coatings in order to deliver a unique appearance or to deliver a required performance. 

Global Paper Based Laminates Market: Market Dynamics 

The factors boosting the growth of global paper based laminates market is due to growing building & construction industry, since many years paper has become an increasing preference for surface upgrading of wood-based materials. For higher voltage and when greater electrical stability is needed in varying humidity higher grades of paper based laminates are chosen. 

The factor decreasing the demand for global paper based laminates is due to property of paper based laminates, strength of paper based is not as high as other materials and hence are not preferred in application where high toughness, high bearing property and high stress carrying capability is required.

What Are The Market’s Major Obstacles For Paper Based Laminates?
The market for paper-based laminates is anticipated to be severely constrained by a number of factors. It has been determined that the strength of the paper acts as a barrier to the development and growth of the market for paper-based laminates.

In situations where great toughness is required, this product is not selected because the paper characteristics are not as high as those of other materials. The global market for paper based laminates is projected to see growth challenges due to the low stress carrying capacity and high bearing property of paper based laminates.

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Competitive Landscape

Who are some of the Key Market Players in the Paper Based Laminates Market?

Some of the market players identified in the global paper based laminates market includes:

  • KEVIN POLYMERS PVT. LTD.,
  • Attwater & Sons Ltd & © Custom Composites Ltd,
  • Eagle Insulation,
  • Impreglam Electronics Limited,
  • Bakelite Hylam Limited,
  • Greycon,
  • Guangzhou Remica Building Materials Co.,Ltd,
  • Kblaminates,
  • Sigma Laminates.

The key market players are continuously making efforts to collaborate and undertake innovative approaches for creating high-quality paper based laminates. With standard cost-effective ways of using paper based laminates, they are influencing the market to adopt more of these surfacing elements, and bolstering the growth of the paper based laminates market size.

Key Segments In The Paper Based Laminates Market

By Type:

  • B5
  • B4PQ
  • B4
  • B1

By Application:

  • Commercial industry
  • Automotive industry
  • Manufacturing industry
  • Infrastructure
  • Hospitality industry
  • Retail
  • Healthcare industry

By Base Finish:

  • Satin
  • Gloss
  • Matte

By Basis of Paper Type:

  • Decor paper
  • Overlay
  • Laminating Kraft
  • Absorbent Kraft

By Basis of Pressure:

  • Low pressure laminates
  • High pressure laminates

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Plastic-Free Packs Market is set to advance at a CAGR of 8.1% from 2022 to 2032

The market for plastic-free packaging is anticipated to grow from US$ 3,671.8 million in 2022 to US$ 8,000.8 million by 2032, at a CAGR of 8.1%. (2022-2032). The packaging industry is emphasising the use of plastic substitutes like metal, paper, or glass, which is driving demand for plastic-free packaging because these materials are easily biodegradable and recyclable.

Ethique, a skincare product company located in New Zealand, has adopted plastic-free packs for the packaging of their cosmetic items and employs materials like cardboard and paper. This has led to an increase in the sales of plastic-free packs.

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Plastic-Free Packs Market: Drivers and Restraints 

The ban on plastic bags and other plastic products in several countries across the world is the major driver for the growth of global plastic-free packs market. The strategic investments in sustainable development by global cosmetic products manufacturers, both in premium and mass segment is expected to drive the global plastic-free packs market growth. 

The stringent government regulations in using plastics or recycled plastics for food packaging also contributes to the growth of global plastic-free packs market. The increasing sales of luxury products such as perfumes and alcohol is expected to fuel the growth of plastic-free packs market. The expansion of online retail has facilitated the growth of paper and paperboard packaging, thus contributing to the global plastic-free packs market growth. 

However, the advantages of plastic packaging such as cost effective, lightweight, durability etc. is anticipated to hamper the growth of global plastic-free packs market during the forecast period. 

Plastic-Free Packs Market: Region Wise Outlook 

The global plastic-free packs market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). APAC holds the major share in global plastic-free packs market. Countries such as China, India and South Korea have significant share in paper boarding and glass packaging market. The rise in e-commerce sales and increasing consumption of canned food contributes to the growth of plastic-free packs market in the region. North America and Europe are the other key regions in the global plastic-free packs market. 

Plastic bags and packaging is banned in major countries in these regions. The mature luxury and cosmetic product industry and stringent regulations for sustainable development is anticipated to increase the region’s share in global plastic-free packs market. MEA is anticipated to exhibit moderate CAGR during forecast period. 

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What is the Competition Landscape in the Plastic-Free Packs Market?

  • WestRock Company,
  • MW Creative Ltd.,
  • Multiscience GmbH,
  • Beatson Clark,
  • Rawlings & Son (Bristol) Ltd.,
  • Orora Packaging Australia Pty Ltd.,
  • ALL PACKAGING COMPANY,
  • Zumbiel Packaging,
  • Abox,
  • Ardagh Group S.A.,
  • HUBER Packaging

are a few of the major players in the market.

The quality of the products being offered and the manufacturing technology are two factors on which many businesses compete. Major players in the plastic-free packs market are looking for opportunities to integrate vertically across the value chain, are engaged in mergers and acquisitions, investment in R&D facilities, and manufacturing facility expansion.

Recent Developments in the Plastic-Free Packs Market:

  • Saltwater Brewery, a tiny craft brewery, is well-known for its barley and wheat six-pack rings for beer cans. These six-pack rings are edible, and if they are discarded in the water, they can become food for sea creatures.
  • Unwrapped Life, a Canadian manufacturer of personal care goods, has been using Kraft paper to package its products such as shampoo bars, conditioner bars, soap bars, and others. They have changed from plastic to Kraft tape.
  • Level Ground Trading, a member of the Grocery and Related Product Merchant Wholesalers Industry, uses wood pulp in its coffee packaging, which is fully biodegradable.

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Key Segments Profiled in the Plastic-Free Packs Market Survey

By Material:

  • Metal
  • Steel
  • Tin free steel
  • Aluminium
  • Aluminium foil
  • Tinplate
  • Paper
  • Glass

By Packaging Type:

  • Pouches
  • Box
  • Tubes
  • Blister and Strip
  • Bottles and Jars
  • Cartons
  • Trays
  • Cans

By End Use:

  • Cosmetics
  • Food and Beverage
  • Pharmaceutical
  • Consumer Products

By Region:

  • North America
  • Latin America
  • Europe
  • The Asia-Pacific
  • The Middle East and Africa

About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Twist Dispensing Closures Market grows at a rate of 5.5% CAGR during the forecast period 2022 to 2032

During the projected period, the twist dispensing closures market is anticipated to grow at a robust CAGR of 5.5%. The market for twist dispensing closures is expected to grow from its present value of US$ 65 billion in 2022 to US$ 117 billion by 2032.

Twist dispensing closure sales have increased because they’re simple to open and close without exerting a lot of strain. The market share rise of twist dispensing closures is also anticipated to be aided by rising demand for smaller bottles in the beverage sector. The report clarifies the elements boosting twist dispensing closure sales and, consequently, the potential for market participants.

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Twist dispensing closures are made up of plastic and are highly used in various end use industries such as beverages, food, pharmaceuticals, households, cosmetic & personal care and others. The easy to open and close feature of twist dispensing closures without applying much pressure is one of the key factor which is affecting the end user choices for twist dispensing closures. The current generation requires features such as caps that are easier to open, headstands packs, flow control and clean dispensing which has resulted in frequent innovation and creativity in packaging. This upsurge in innovation is driving the demand of twist dispensing closures.

Increase in demand for smaller bottles in beverage industry drives the global twist dispensing closures market. End users are also capitalizing on increasing usage of smaller bottles due to the current “on the go” trend in the beverage industry. Also, the consumption of food, chemical and household products has increased significantly in the last few years which will further boost the demand of the global twist dispensing closures market. 

Global Twist Dispensing Closures Market – Dynamics 

The light weight closure trend create the significant opportunity for twist dispensing closures manufacturers as they focus on developing innovative products in order to gain the first mover advantage. Twist dispensing closures are gaining traction, due to cost effective solution of the closure in comparison with the other closures. Twist dispensing closures don’t use liner so it require lesser material and further reduces the conversions cost because of the elimination of the lining process.

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It is estimated that twist dispensing closures provides cost benefit of around 10-15%, because of their fast cycle times, higher efficiency and material savings. Material saving is beneficial for manufacturers and stimulate more investment in new and innovative products. For instance, in October, 2017 Silgan closures facility in Champaign, llinois got awarded with Illinois Governor’s Sustainability Award 2017 for its determinations towards reduction of plastic waste while production of closures. 

Twist dispensing closures is mainly used in several end use industries such as beverages and pharmaceuticals. 

Global Twist Dispensing Closures Market – Regional Overview 

In North America, U.S is expected to dominate the twist dispensing closures market over the forecast period. In Asia Pacific region, China and India are anticipated to witness extensive growth during the forecast period. It is attributed to the preference for convenient closure solution from twist dispensing closures. 

How is the Competitive Landscape in the Twist Dispensing Closures Market

The key players of the twist dispensing closures market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of twist dispensing closures.

Some of the key participating players indulged in the sales of twist dispensing closures are:

  • O.Berk Company
  • Silgan Holdings
  • Plastics Corporation
  • Aptar Group
  • Crown Holdings
  • Ardagh Group
  • Berry Global Inc.
  • Ball Corporation
  • Guala Closures Group

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Key Segments in the Twist Dispensing Closures Market

By Material Type:

  • Plastic
  • Metal
  • Aluminium
  • Steel
  • Others

By Features:

  • Tamper Evident
  • Child Resistant
  • Others

By Application:

  • Bottles
  • Jars
  • Pouches
  • Liquid Packaging Carton
  • Tubes
  • Others

By End Use:

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal Care
  • Cosmetics

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
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Soft Touch Lamination Film Market is anticipated to exceed US$ 6.1 Billion in 2032

The global soft touch lamination film market size is expected to reach US$ 3.2 Billion in 2022 and exhibit growth at a CAGR of 4.9% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 6.1 Billion in 2032. Increasing number of surfacing, printing, and packaging activities across the globe is anticipated to bode well for the market.Soft touch lamination film is thermal lamination film with a soft feel or velvety texture. These films have anti-scuff surface that enhances and thus protects the appearance of the laminated product. Primarily designed for one side lamination, soft touch laminates are also used for double-side lamination in case of digital rolls or pouches.

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Owing to its superior tactile properties, soft touch lamination film provides a pleasant and intense velvety effect similar to the peach skin. Usually soft touch lamination films finds applications in corporate brochures, luxury packaging boxes, branded paper products, and various electronic packaging.

Soft Touch Lamination Film Market: Dynamics

Growing retail sector plays pivotal role in driving the soft touch lamination film market. Rising inclination of customers towards product premiumization in the developing economies has led to intense demand for packaging laminates over the last decade. Also, trend for extra durable and water-proof documentation in the corporate sector have added an optimistic impact on the soft touch lamination film market.

Soft Touch Lamination Film Market: Company Developments and Industry Level Trends

Key market participants all across the globe that operate in the packaging films market have focus towards launch of novel luxurious lamination products with superior velvety feel as well as with a scuff-resistant surface.

  • In 2017, Spanish firm Derprosa Films (Taghleef Industries S.L.U.) launches soft touch lamination film. The company guarantees the preservation of the Soft-Coat without losing the velvety feel, highlighting colours with an effect that is 50 percent more matt than a standard film.
  • Pragati Corporation has new type of soft touch lamination film that has 18 microns thickness and is used for photo albums, pamphlets, decorative packaging etc.

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Regional Outlook

The global soft touch lamination film market is segmented into seven regions, namely, Asia Pacific Excluding Japan (APEJ), Japan, Latin America, North America, Eastern Europe, Western Europe, and Middle East and Africa (MEA). As a result of increased digitization the market for soft touch lamination film in North America is expected to witness a moderate growth.

The similar trend is followed by European countries including Germany, the U.K., France, and Italy among others. However, China, India, and ASEAN countries are expected to draw healthy rate of growth in soft touch lamination film market. Similar trend are likely to be followed in the MEA region owing to rapid shift among customers towards enhanced product appearance. These factors are supposed to drive the global soft touch lamination film market during the next decade.

Soft Touch Lamination Film Market: Key Players

Some of the leading players operating in the global Soft Touch Lamination Film market are:

  • Monotech Systems Ltd.
  • DUNMORE Corporation
  • Pragati Corporation
  • Taghleef Industries SLU
  • Doro Tape (UK) Ltd.
  • Cosmo Films, Ltd.
  • Flexfilm Limited
  • Jet Technologies
  • Avery Dennison Corporation
  • Ampacet Corporation

The 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.

Regions Included:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

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Soft Touch Lamination Film Market: Segmentation

Globally, the soft touch lamination film market has been segmented on the basis of material type, lamination, coating, thickness, end use and region:

On the basis of material type, the global soft touch lamination film market has been segmented as:

  • Plastic
  • Bioriented Polypropylene film (BOPP)
  • Bi-Axially Oriented Polyethylene Terephthalate (BOPET)
  • Extrusion-Coated Ethylene Vinyl Acetate (EVA)
  • Polypropylene (PP)
  • Paper

On the basis of type of lamination, the global soft touch lamination film market has been segmented as:

  • One-side Lamination Film
  • Double-side Lamination Film

On the basis of film thickness, the global soft touch lamination film market has been segmented as:

  • Below 15 microns
  • 15-25 microns
  • 25-35 microns
  • Above 35 microns

On the basis of type of coating, the global soft touch lamination film market has been segmented as:

  • Water-based Soft Touch Lamination Film
  • Solvent-based Soft Touch Lamination Film

On the basis of end use, the global soft touch lamination film market has been segmented as:

  • Presentation / Book covers
  • Dust jackets
  • Pocket folders
  • Postcards
  • Gift bags
  • Premium prints
  • Corporate brochures
  • Electronic packaging
  • Luxury folding cartons, boxes, etc.
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
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Global Paper Band Market to expand at a 4.1% value CAGR by 2032

Global market for paper bands is projected to be worth US$ 6.1 billion in 2022 and to increase at a CAGR of 4.1% to US$ 9.2 billion from 2022 to 2032. From 2021, the market expanded year over year by 5.2%. The market generated US$ 5.8 billion in revenue as of 2021.

Paper belly bands, also known as paper bands, are frequently used to package products. Labels, cards, blister packs, sachets, containers, and a range of other objects can all be stacked with this adaptable and lightweight packing tool. The high-quality glue used to make the latex-free paper bands forms a tight bond to the ends of the paper band.

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Paper band is also known as paper belly band, used for bundling of the product. It is versatile and lightweight packaging tool which helps to stack labels, cards, blister packs, sachets, containers, and many other products. The latex-free paper bands are manufactured from a quality adhesive material which provides strong bonding to the ends of the paper band.

Owing to its several benefits such as stacking, easy opening, quick and effective packaging, the market of paper band is growing in multiples. Unlike sticky rubber band, paper band ensures life of the product bundle. It provides eye-catchy shelf-ready packaging to the products. Hence, paper band market is expected to grow rapidly with the expansion of the FMCG sector, and an increasing number of supermarkets and retail stores.

Besides this, the printing of barcode on paper band enhances its utility during material handling in transit. It further efficiently supports inventory management. As it speed ups the production lines, many end users are adopting paper band packaging tool. Monopolistic competition is witnessed in paper band market where the large number of buyers and sellers are present. Hence with the changing packaging trends, manufacturers are more inclined towards manufacturing of quality of paper bands and enhancing its aesthetic looks. The demand for self-sealing bands is expected to grow significantly during the forecast period. 

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Paper Band Market: Dynamics 

Unitization and effective product stacking are the primary objectives which drive the paper band market. It is easily recyclable and resulting in less carbon footprints. Additionally, ease of unpacking and minimum material waste drives the global market of paper band. The fueling factor for increasing growth of paper band market is branding and promotion of the products.

These bands are customizable and give sufficient space for attractive labelling and printing, which results in more sales of the product. Hence, the preference of paper band is increasing in the retail sector. Increasing growth opportunities are witnessed for the global market of paper band on the backdrop of the food and beverage sector. Furthermore, attractive packaging of confectionery products and gift articles are creating growth opportunities for paper band market across the world. Apart from this, the demand for paper bands is continuously increasing in textile packaging for providing shelf-ready appearance to the product. 

In spite of many benefits, certain factors might restrain the growth of paper band market such as the use of shrink wrap film in bundle formation. However, paper bands are cost-efficient than shrink wraps, and it supports bundling operation without heat potentially affecting the product.

Market Competition

Some of the key participants present in the global Paper Band market include

  • Extra Packaging Corporation,
  • SANDAR Industries, Inc.,
  • Bandall,
  • Cohesion Paper Products LLC,
  • Graphic Arts Equipment,
  • Brown & Pratt, Inc.,
  • American Printpak and
  • Economy Tablet & Paper among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Paper Band Market: Regional Outlook 

The paper band packaging trend is widely accepted across the world as it is environment-friendly and manufactured from natural kraft paper. In Europe, with the modified regulation of single-use plastic, key players have more proclivity towards paper band packaging. Hence, the potential growth of the paper band market is expected in Europe. In order to reduce plastic wastage and landfills, moderate growth of paper band market is witness in the United States.

In China and India and Indonesia, growing opportunities are witnessed with the expansion of the food and beverages sector and the increasing number of retail stores. The Mexico market is an emerging market for paper band. The consumers are having more demand for paper band in Mexico, as this packaging results in an economical approach for product bundling.

Key Segments Profiled in the Paper Band Industry Survey

Product Type:

  • Pre formed Self Sealing Paper Bands
  • Cohesive Self Sealing Paper Bands

Material:

  • Natural Kraft Paper Bands
  • Bleached Kraft Paper Bands
  • Cover Paper Bands
  • Other Material Paper Bands

End Use:

  • Paper Bands for Food and Beverages
  • Paper Bands for Automotive
  • Paper Bands for Textile
  • Paper Bands for Pharmaceutical and Health Care
  • Paper Bands for Electric and Electronics
  • Paper Bands for Cosmetics and Personal Care
  • Paper Bands for Others (FMCG, Logistics and E-commerce)

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Commodity Liners Market is estimated to exceed a 9.0% value CAGR by 2032

In 2022, the market for commodity liners is projected to be worth US$4.3 billion. In the forecast period from 2022 to 2032, it is expected to expand at a CAGR of 9.0% and reach US$ 7.2 billion. Commodity liners are expected to become more and more in demand in the near future as a result of the growing requirement to carry gas, oil, chemicals, and agricultural products in bulk safely.

Future growth of the commodity liners market is anticipated to be positively impacted by manufacturers’ increased preference for FDA-approved commodity liners constructed with virgin grade polymer films. Another important element that is going to benefit the market is the growing use of woven textiles for packaging a variety of goods.

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Which Key Factors Are Leading the Commodity Liners Market’s Growth?
Due to the frequent storage and transportation of dry flowable items such plastic granules, fertiliser, and sand, the demand for commodity liners is expected to rise in the upcoming years. In the next years, it is projected that the ability of these liners to tolerate temperatures between -20F and 180F would drive higher sales of commodity liners.

To shield products from the elements, many manufacturers are expected to use high-quality materials in these liners. New liners with many layers of high barrier materials are probably in the works. The market is anticipated to expand quickly as a result of the aforementioned causes.

Why is North America emerging as an Opportunistic Commodity Liners Market?

North America commodity liners market share is likely to grow rapidly in the evaluation period. This growth is attributable to the increasing shift of consumers towards recyclable packaging in the U.S. and Canada. In March 2022, for instance, the U.S. Plastics Pact unveiled four targets to eliminate plastic waste at its source by 2025.

The emergence of such norms by regulatory bodies is estimated to help manufacturers in introducing eco-friendly materials for usage in commodity liners. The rising usage of these liners in developed countries to transport specific products that primarily do not require small packaging units is another major factor that is set to augur well for the North America market.

Market Competition

Some of the prominent manufacturers present in the global commodity liners market are

  • Rishi FIBC Solutions PVT. Ltd.,
  • Cesur Ambalaj Sanayi ve Ticaret A.S.,
  • Emmbi Company,
  • Berry Global, Inc.,
  • Powertex Inc.,
  • CorrPak Bulk Packaging Systems,
  • Nier Systems Inc.,
  • AGRU Kunststofftechnik GmbH,
  • Composite Containers LLC,
  • Thrace Plastics Holding and Commercial S.A,
  • Ozerden Plastik Sanayi ve Ticaret AS,
  • Nier Systems Inc.,
  • United Bags,

Parker Hannifin Corporation, Bulk Corp International, Solmax International Inc., Display Pack, Inc., Bemis Company, Inc., CDF Corporation, Greif Inc., and LC Packaging International B.V. among others.

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Leading players in this market are increasingly focusing on the development of a wide range of products made of bio-based materials, as well as polymer materials. They are striving to improve the barrier and conductivity properties of films made with these materials by conducting exhaustive research and development activities. Meanwhile, a few other players are engaging in collaborations and acquisitions to co-develop new technologically advanced products to strengthen their positions.

Key Segments Profiled in the Commodity Liners Industry Survey

By Material Type:

  • PLA
  • EVOH
  • Polyamide
  • Polypropylene
  • Polyethylene
  • LDPE
  • LLDPE
  • HDPE

By End Use:

  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Agriculture
  • Building and Construction
  • Food and Beverage
  • Chemicals and Lubricants

By Region:

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
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Television Broadcasting Services Market Set to Witness an Uptick Size US$ 1 Tn, with CAGR 5.8% Projected Growth during 2022 to 2032: Future Market Insights, Inc.

The Television Broadcasting Services Market revenues were estimated at US$ 537.8 Bn in 2021 and is anticipated to grow at a CAGR of 5.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1 Tn. The demand for cable television broadcasting services is projected to grow at a CAGR of 5.4% during the forecast period.

The television industry’s future has been rapidly transitioning from broadcast to bandwidth, as broadcasting methods and consumer tastes move to on-demand audio and video content. Individuals are rapidly migrating away from cable television or satellite television in favour of over-the-top and internet protocol television services, which is mostly due to the entertainment media industry’s fast digitization. The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services.

The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services. With the introduction of digital transmission and the internet, the television business saw a notable transformation in recent years.

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With the widespread use of the internet and the development of digital ecosystems throughout the world, online television transmission has grown in popularity over the last decade. The senior population, who spend a significant time viewing conventional television, is driving the expansion of cable television broadcasting services.

Considering that pay-TV subscription is coupled with their internet connection, the majority of North Americans continue to utilize cable TV. Aside from that, people prefer to watch live programs on pay TV. Furthermore, cable television broadcasting providers intend to offer video-on-demand (VoD) offerings in order to preserve their place in the worldwide market. Consumers currently have a strong demand for OTT platforms and production studios, therefore broadcasters are concentrating their efforts on producing enormous amounts of higher-quality content.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Television Broadcasting Services Market are focused on R&D to produce innovative technological solutions.

  • In May 2022, Thomson Broadcast recently agreed to acquire GatesAir from a unit of the global investment firm The Gores Group.
  • In December 2020, Fox Broadcasting Company and Sinclair Broadcasting Company jointly decided to extend Fox channel affiliation for stations in 25 U.S. markets over a multi-year period.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Television Broadcasting Services Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Television Broadcasting Services Market in terms of Delivery Platform (Digital Terrestrial Broadcast, Satellite Broadcast, Cable Television Broadcasting Services, Internet Protocol Television, Over-the-top Television), and Broadcaster Type (Public, Commercial) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered In Television Broadcasting Services Market Analysis

By Delivery Platform:

  • Digital Terrestrial Broadcast
  • Satellite Broadcast
  • Cable Television Broadcasting Services
  • Internet Protocol Television
  • Over-the-top Television

By Broadcaster Type:

  • Public
  • Commercial

By Revenue Model:

  • Subscription
  • Advertisement

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Tax Management Market is Anticipated to Grow at a CAGR of 11.3% from 2022 to 2032 | New Opportunities Planning By Future Market Insights

The Tax Management Market revenues were estimated at US$ 18.9 Bn in 2021 and is anticipated to grow at a CAGR of 11.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 61.4 Bn. The market for tax management software is projected to grow at a CAGR of 10.6% during 2022 – 2032.

Since the tax eco-system is stagnant to digitalize, tax authorities are progressively embracing contemporary values to seek better real-time reporting and provide effective services to their consumers. Tax authorities are reaching various stages of maturity via digitizing interactions to provide taxpayers with more helpful and individualized services.

In today’s consumer-centric society, tax authorities all over the world are implementing more modern tax legislation and demanding greater openness through sharing and readily exchanging information among taxpayers and tax authorities. Many European authorities, followed by Latin American agencies, are moving towards Standard Audit File for Tax (SAF-T) norms. Likewise, web-based tax systems using Machine Learning (ML) & Artificial Intelligence (AI) applications are being substituted with spreadsheets, which reduce human input, and data translation, and speed up tax filing operations.

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Since most tax authorities began adopting sophisticated analytics, there was some difficulty involved with the digitalization of the taxing process. The adoption of innovative tools in tax management decreases complexity by allowing taxpayers to register for tax registration digitally, e-fill tax forms, and tax authorities process returns and refunds in real-time. As a result, the advancement of technology and firms embracing digital strategies has contributed positively to the growth of the global tax management industry.

Competitive Landscape

Businesses are focusing on organic growth strategies such as product approvals and non-disclosure agreements. Acquisitions, partnerships, and collaborations are among the inorganic growth procedures seen in the company. With increased demand in the worldwide industry, market players in the Tax Management industry are expected to benefit from growth prospects in the future. Some of the recent developments in the Tax Management market include:

  • In November 2021, Thomson Reuters joined forces with Deloitte Tax, a prominent provider of audit, consultancy, tax, and advisory services. The collaboration would aid company tax as well as legal departments throughout the world in their operations. Furthermore, the collaboration would offer solutions for legal departments and in-house tax to deal with the growing issues posed by global compliance and regulatory obligations, and the pressing urge to become more efficient, agile, and digital.
  • In November 2021, Avalara, Inc., a leading supplier of cloud-based taxpayer compliance management for businesses of all kinds, announced that its cross-border compliance capabilities will enable the new duty and import tax capabilities of Shopify Markets, the company’s global commerce centre. The added duty and import tax capability, which is part of Shopify Markets, combines Avalara technology and information to provide landed cost pricing to assess duty and import tax obligations for above 180 countries. Avalara recently announced the purchase of 3CE Technologies, a firm that supplies commercial enterprises and government organizations with Harmonized System (HS) commodities categorization codes and verification solutions.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Tax Management Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Tax Management Market in terms of Component (Software, Services), Deployment Mode (Cloud, On-premises), Organization Size (SMEs, Large Enterprises), Tax Type (Indirect Tax, Direct Tax), Vertical (BFSI, Information Technology (IT) and Telecom, Manufacturing, Energy and Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered In Tax Management Market Analysis

By Component:

  • Software
  • Services

Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Tax Type:

  • Indirect Tax
  • Direct Tax

By Vertical:

  • Banking, Financial Services and Insurance (BFSI)
  • Information Technology (IT) and Telecom
  • Manufacturing
  • Energy and Utilities
  • Retail
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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