Published by mark itwired
Posted on September 29, 2021
The global hang tags market is forecast to expand at a CAGR of over 6.0% throughout the forecast period between 2021 and 2031, projects ESOMAR-certified consulting firm Future Market Insights (FMI). Surging demand for packed food items and consumer electronics along with expansion of retail chains at a global level has created lucrative opportunities for hang tags market growth.
Manufacturers often use hang tags to display the product information and as a marketing tool. Increasing drawbacks of sticky labels such as color damage intensified the demand for hang tags. Implementation of modern printing techniques in hang tag printing has positively affected the apparel and garment sales further boosting the market demand. Manufacturers are using die cut hang tags along with funky and poppy printing on hang tags to earn customer attention.
Furthermore, development of hang tags as a new branding and promotional tool is driving the market. Brand owners are moving towards custom designed and glossy printed hang tags in collaboration with manufacturers. This innovation is fueling the hang tag market sales.
For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-11352
Rising inclination towards branded beverages among youth has also increased the hang tags market sales. Organized retail industry is experiencing significant growth due to changed consumer spending habits and increasing per capita income. This growth has led to heightened demand of products requiring hang tags for authentication and marketing. These factors are contributing towards rapid hang tags market growth.
“Rising customer preference towards e-commerce has promoted the market players to use hang tags for brand promotion and product information. Flourishing e-commerce industry will facilitate the hang tags market growth,” says the FMI analyst
FMI has profiled some of the prominent market players providing hang tags that include CCL Industries Inc, Dutch Label Shop, Nilorn Group, Pacific Coast Bach Label Inc, Bornemann-Etiketten GmbH, CBF Labels Inc, Sato Holdings Corporation, St. Louis Tag Company, Finotex USA Corporation, Dortex Werbung und Vertrieb mbH, Signal Ltd.Industry leaders are working towards developing customized and application oriented hang tags to be used in wide range of industries. They are utilizing modern printing techniques like thermal printing, thermal transfer, and flexo printing to obtain stylish hang tags.
For instance, one of the leading hang tags manufacturers; St. Louis Tag Company and Signal Ltd. is designing and manufacturing customized hang tags by employing thermal transfer and flexo printing methods for glossy finish.
With growing application of hang tags in wide range of industries a surge in market growth can be expected.
Get Customization on this Report for Specific Country https://www.futuremarketinsights.com/customization-available/rep-gb-11352
Future Market Insights, in its new offering, provides an unbiased analysis of the hang tags market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the hang tags market with a detailed segmentation on the basis of material type (paper, plastic, fabric), type (hang tag, loop tag), printing technology (direct thermal, thermal transfer, flexo printing, offset and screen printing, laser printing), end use (clothing and apparels, food and beverages, hospitality and travel, beauty and personal care, consumer electronics, others) across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania , and Middle East & Africa)
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/11352
The post Hang Tag Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031 first appeared on Market Research Blog.
The global hang tags market is forecast to expand at a CAGR of over 6.0% throughout the forecast period between 2021 and 2031, projects ESOMAR-certified consulting firm Future Market Insights (FMI). Surging demand for packed food items and consumer electronics along with expansion of retail chains at a global level has created lucrative opportunities for hang tags market growth.
Manufacturers often use hang tags to display the product information and as a marketing tool. Increasing drawbacks of sticky labels such as color damage intensified the demand for hang tags. Implementation of modern printing techniques in hang tag printing has positively affected the apparel and garment sales further boosting the market demand. Manufacturers are using die cut hang tags along with funky and poppy printing on hang tags to earn customer attention.
Furthermore, development of hang tags as a new branding and promotional tool is driving the market. Brand owners are moving towards custom designed and glossy printed hang tags in collaboration with manufacturers. This innovation is fueling the hang tag market sales.
For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-11352
Rising inclination towards branded beverages among youth has also increased the hang tags market sales. Organized retail industry is experiencing significant growth due to changed consumer spending habits and increasing per capita income. This growth has led to heightened demand of products requiring hang tags for authentication and marketing. These factors are contributing towards rapid hang tags market growth.
“Rising customer preference towards e-commerce has promoted the market players to use hang tags for brand promotion and product information. Flourishing e-commerce industry will facilitate the hang tags market growth,” says the FMI analyst
FMI has profiled some of the prominent market players providing hang tags that include CCL Industries Inc, Dutch Label Shop, Nilorn Group, Pacific Coast Bach Label Inc, Bornemann-Etiketten GmbH, CBF Labels Inc, Sato Holdings Corporation, St. Louis Tag Company, Finotex USA Corporation, Dortex Werbung und Vertrieb mbH, Signal Ltd.Industry leaders are working towards developing customized and application oriented hang tags to be used in wide range of industries. They are utilizing modern printing techniques like thermal printing, thermal transfer, and flexo printing to obtain stylish hang tags.
For instance, one of the leading hang tags manufacturers; St. Louis Tag Company and Signal Ltd. is designing and manufacturing customized hang tags by employing thermal transfer and flexo printing methods for glossy finish.
With growing application of hang tags in wide range of industries a surge in market growth can be expected.
Get Customization on this Report for Specific Country https://www.futuremarketinsights.com/customization-available/rep-gb-11352
Future Market Insights, in its new offering, provides an unbiased analysis of the hang tags market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the hang tags market with a detailed segmentation on the basis of material type (paper, plastic, fabric), type (hang tag, loop tag), printing technology (direct thermal, thermal transfer, flexo printing, offset and screen printing, laser printing), end use (clothing and apparels, food and beverages, hospitality and travel, beauty and personal care, consumer electronics, others) across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania , and Middle East & Africa)
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/11352
The post Hang Tag Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031 first appeared on Market Research Blog.
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