Industry News

Steady Industrial Production Growth to Boost Pressure Sensitive Label and Tape Market to $8.6 Billion by 2010

Published on 2005-11-23. Author : SpecialChem

NEW YORK -- With the positive performance and outlook in key end user industries such as printing, automotive, construction and electronics, the pressure sensitive label and tape market -- currently slated to reach $7.7 billion by year's end -- will amble its way up to $8.6 billion by 2010, according to The U.S. Market for Pressure Sensitive Labels and Tape, a new report from market research publisher Specialist in Business Information (SBI), a division of MarketResearch.com.

SBI projects that pressure sensitive tapes, the largest market sector with 46.2% of the market share, will grow from $3.5 billion to $3.9 billion over the next five years. Increased demand and anticipated growth in the automotive and electronics/computer industries -- particularly in the compact models sector where heavy sales of digital players, iPods, and laptops are expected to climb -- will continue to bolster tape sales well into 2010.

Stumbling blocks to growth abound as the industry grapples with rising costs of raw materials, particularly Terpene and rosin resins, which have cut into profit margins; the shortage and potential carcinogenicity of isoprene; and environmental problems concerning adhesives which cause difficulty in the recycling process. However, key industry players are continually seeking alternatives and innovations to forestall losses.

"While the industry is facing its own share of hurdles, there are also some bright spots which will continue to drive growth in the next several years" said Don Montuori, the publisher of SBI. "Pressure sensitive labels with Radio frequency identification (RFID) are really taking off as they are extremely useful in tracking inventory. And self adhesives are fast becoming a viable solution for labeling in the global wine industry."

Providing a comprehensive look at pressure sensitive labels, tapes and base stock products, The U.S. Market for Pressure Sensitive Labels and Tape examines new product trends, offers competitive profiles of industry leaders (and up and comers), and looks at end user trends and behaviors surrounding pressure sensitive products. Priced at $3000, this report can be purchased directly from SBI.

About Specialists in Business Information

Specialists in Business Information (SBI), a division of MarketResearch.com, publishes research reports in the industrial, construction, materials, and consumer goods markets.

Source: Specialists in Business Information (SBI)

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