Global industrial tapes market 2016-2020

02 February 2016

In a new report Technavio's analysts forecast the global industrial tapes market to grow at a CAGR of 6% between 2016 and 2020. The increased demand from China is the primary driver for the growth of this market. The rise in disposable income and boom in the construction, automotive, and food industries have pushed the demand in this region. The market is witnessing a rising demand for carton sealing tapes or packing tapes. The carton sealing tapes segment accounted for the largest share of the global industrial tapes market during 2015, especially from the processed food and beverages, pharmaceutical, and medical device manufacturing industries (Press Release Technavio, 28 January 2016).
Click here for the press release.
Click here for more information about the report.

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