According to the research report titled ‘Pressure Sensitive Tapes & Labels Market Size, By Backing Material (Polypropylene, Polyvinyl Chloride, Paper, Cloth), By Adhesion Type (Single Sided, Double Sided, Adhesive Transfer), By Product (Tapes, Labels [Linered {Barcode, Others}, Linerless {Barcode, Others}]), By End-user (Food & Beverage, Healthcare, Logistics, Automotive & Transportation, General Manufacturing), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global pressure sensitive tapes & labels market is anticipated to grow significantly during 2020-2026.
 

Rapid development of the packaging sector and extensive product application across various end-use verticals are propelling the growth of global pressure sensitive tapes & labels market.
 

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In addition, ongoing advancements in adhesive technology, along with ease of use and affordability of pressure sensitive tapes & labels over traditional solutions are augmenting industry outlook. Besides, they also provide several benefits like noise reduction, thin and lightweight finish, less assembly time, and vibration dampening.
 

Though these products are used to bond dissimilar products and materials without any sort of compatibility issues, however, environmental concerns associated with the use of these adhesives are likely to impede the market expansion.
 

By backing material, the cloth segment is expected to exhibit a CAGR of 6.5% through 2026, owing to advantages like high coating weight, enhanced comfort, and high tear resistance.
 

By end user ambit of global pressure sensitive tapes & labels market, automotive & transportation segment is poised to expand at a CAGR of 6.5% over the forecast timeline, as pressure sensitive tapes & labels are widely used in automotive applications like bonding and assembly. Moreover, they also help in ensuring the protection of exterior surface of automobiles during transportation.
 

Regionally speaking, Latin America market is projected to grow substantially over 2020-2026, accreditable to rapid amplification of transportation, automotive, logistics, and general manufacturing sectors in Mexico and other nations, along with preference for high-quality packaging material.
 

Zebra Technologies Corporation, TSC Auto ID Technology Co., Ltd, Toshiba Corporation, Seiko Epson Corporation, Schreiner Group GmbH & Co. KG, SATO Holdings Corporation, Repacorp, Inc., Label Converters Ltd., Honeywell International, Inc., Fujitsu Limited, Dana Labels, Inc., Craftsman Label, Inc., Brother Industries, Ltd., and Bizerba SE & Co. KG are the major players profiled in global pressure sensitive tapes & labels market report.