Tape Applicator Machines Market: An Overview
Tape applicator is the machine that holds the tape and automatically applies on the object. There are two types of tape applicator machine depending on their operations automatic and semi-automatic machine. In automatic tape applicator the machine holds both tape and the object, but in semi-automatic machine the operator holds the object and machine pastes tape accordingly. Tape applicator machine is the cost effective solution to increase the productivity, increase the accuracy of tape being applied, saves time and reduce the manual labor cost. One operator is enough for the batch production, tape applicator uses all kinds of tapes like industrial tape, pressure sensitive tape and adhesive tapes. With the increase in growth of e-commerce and online retail store the market for the tape applicator machine is growing rapidly.
Tape Applicator Machines Market: Dynamics
Tape applicator machine have the ability to accurate label placement with low power required and safe to operate. Tape applicator machine gain traction in the overall packing market with the increase in growth of supply chain industry and fast delivery services this acts as the drivers for the tape applicator machine. However, there are few factors that restraints the growth of tape applicator machine is the initial set-up cost, complexity while loading tapes and requirement of skilled operator. The tape applicator machine are used in the food & beverage industry, consumer goods industry, cosmetics and pharmaceuticals industry. The producers are using this as an opportunity for the brand promotion by using printed tapes for the packaging at the point of service. Attributing to several benefits such as maintaining the quality with ease of packing the product, the market of tape applicator machine is expected to increase with the prominent growth rate.
COVID-19 has affected the transportation of goods in the past quarter during the nation-wide lockdown. Less production, minimal resources availability and restricted transportation have added many challenges for the market growth across all nations. Post lockdown the industries are back in operations this shows the steady growth to the tape applicator machines.
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Tape Applicator Machines Market: Segmentation
Globally, the tape applicator machine market is segmented by machine type, tape applicator and end use
By machine type, the global tape applicator machine market has been segmented as follows
By tape applicator, the global tape applicator machine market has been segmented as follows
- Double Sided
- Single Sided
By end use, the global tape applicator machine market has been segmented as follows
- Food & Beverages
- Consumer Goods
- Cosmetics & personal care
- Electronics & Electrical
Tape Applicator Machines Market: Regional Outlook
The tape applicator machine market has been analyzed based on sales growth and value across different Regions that include Asia Pacific, Latin, and North America, Oceania, Europe, and the Middle East and Africa. In the region of Asia Pacific the market of tape applicator machine shows the rapid growth due to increase in packaging industry with the increase in use of packaging tape. The region of North America and Europe are expected to show the steady growth because the market is already matured. Further Middle East & Africa and Latin America are expected with the steady growth in tape applicator machines.
Tape Applicator Machines Market: Key Players
The key players of tape applicators machine market are
- Fidia Macchine Grafiche S.r.l
- Newtown Packaging Ltd
- MGL INTERNATIONAL, INC.
- Signode India
- Samtronik International Limited
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 an 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 cement packaging market segments and geographies.
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Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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