APAC countries continue to dominate the market
According to a report by Business Wire, the global adhesive tape market is forecasted to see a CAGR of 6.68% for the period 2017-2022. Although the global market has responded well to the new additions to the range of products in the adhesive segment, the Indian market is comparatively slower in terms of adapting the new products. Responding to the need for better adhesive products in the Indian market, Ajit Industries, a manufacturer and provider of several types of pressure-sensitive self-adhesive industrial tapes and die-cuts, is offering new products with personalization to create a better relationship with the target customers.
Ajit Industries will focus on expanding its product range to include industries such as packaging, label, signage, HVAC, surface protection, white goods, and electronic and electrical industries. The fattened use of superior adhesives and sealants in glazing and flooring applications is expected to fuel the growth of the elastic adhesive market across the globe.
Ajit Gupta, founder of AIPL said, “Recently, APAC countries have dominated the adhesive tape market and are anticipated to continue doing so in the forecast period. Japan is one of the major markets for adhesive tape, owing to the massive production of appliances, and health care products. However, the growing packaging industries in countries, like China, Japan, and India, are further expected to augment the demand for adhesive tape. Considering the facts, it seems that the demand for adhesive tape is expected to increase in the Asia-Pacific region over the coming years.”
The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.
The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.
Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.
As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.
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