Global Holographic Tear Tape Market - Overview
Holographic tear tape are designed to use as an easy opening application for packaging formats. Holographic tear tape can be used to remove the top of the pack, to form a lid, or in applications where a heavy duty opening system is required. Holographic tear tape also eliminates the use of scissors or knives for opening a package.
Furthermore, cost effective opening solution provided by holographic tear tape helps in reducing the usage of material. Holographic tear tape also provides tamper evidence feature for indicating packaging is intact. In addition holographic tear tape are effectively used on overwraps, shrink sleeves, flow packs, and blister packs for products from end-use industries like tobacco, food, pharmaceuticals, personal care, and cosmetics, etc.
Holographic tear tape provides protection against counterfeiting owing to tamper evident feature. The use of holographic tear tape are in various end-use industries based on low mechanical resistance, which helps in easy tear of their carrier material. Holographic tear tape are used for applications where fast and easy removal of packaging is required.
Consumers nowadays are looking for convenient easy opening solutions like holographic tear tape which also reduces wrap rage. Instead of usage of hologram in label form holographic tear tape can take it in tape form and use it for sealing a container.
Nowadays, brand owners are using holographic tear tape for aesthetic looks of the packaged product and also increasing their brand promotion. Furthermore, the most preferred materials used for holographic tear tape are aluminum, biaxially oriented polypropylene (BOPP), and mono oriented polypropylene (MOPP).
Global Holographic Tear Tape Market - Dynamics
Cost effective and convenient packaging solution provided by holographic tear tape to drive the market during the forecast period. Another factor responsible for boosting the growth of holographic tear tape market is that it replaces the usage of mechanical fasteners like scissors, knifes, etc. for opening a package.
In addition, the growing demand for frustration free packaging with tamper evident solution for food application is driving the growth for holographic tear tape market. Furthermore, the lucrative opportunity from ecommerce industry also creating upsurge demand for holographic tear tape market. Moreover, decrease in tobacco sales which accounts for the utmost share of holographic tear tape is expected to the market during the forecast period.
Global Holographic Tear Tape Market - Regional Overview
In North America, U.S. is estimated to dominate the holographic tear tape market during the forecast period. Moreover, decrease in sales of cigarette in North America region is anticipated to hinder the market to a certain extent. In Asia Pacific region, India, China and South Asian countries estimated to witness extensive growth for holographic tear tape market.
Global Holographic Tear Tape Market - Key Players
A few of the key players in the holographic tear tape market Essentra Plc., 3M Company, Bagla Group, H.B. Fuller Company, DS Smith plc., Marotech Inc., tesa SE, Wavelock Advanced Technology Co., Ltd, etc.
The report on holographic tear tape market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Holographic tear tape market also maps the qualitative impact of various market factors on market segments and geographies.
The global holographic tear tape market is divided into seven major regions, which are as follows
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
Global Holographic Tear Tape Market - Segmentation
The global holographic tear tape market is segmented by material type, width, application, and end use. The pricing for holographic tear tape has being done based on width segment in US$ million, and the volume is considered in sq. mt.
On the basis of material type, the global holographic tear tape market is segmented into -
- Polypropylene (PP)
- Biaxially Oriented Polypropylene (BOPP)
- Cast Polypropylene (CPP)
- Mono Oriented Polypropylene (MOPP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
On the basis of width, the global holographic tear tape market is segmented into -
- Up to 2.5 mm
- 2.6 mm to 5.0 mm
- 5.1 mm to 6.0 mm
- Above 6.0 mm
On the basis of application, the global holographic tear tape market is segmented into -
On the basis of end use, the global holographic tear tape market is segmented into -
- Personal Care & Cosmetics
- Electrical & Electronics
- Others (Agriculture, Logistics, etc.)