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.
For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-11352
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.
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
Get Customization on this Report for Specific Country https://www.futuremarketinsights.com/customization-available/rep-gb-11352
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.
More Insights on the Global Hang Tags Market
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)
Key Questions Covered in the Report
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/11352
Non-adhesive tags Market: The non-adhesive tags market study by Future Market Insights (FMI) provides deeper insights on the new trends while incorporating the impact of ongoing trends, and growth & restraining factors during the forecast period of 2021 to 2031. Market dynamics have been presented on the basis of prominent drivers, trends and opportunities prevailing across key geographies for the aforementioned decade.
Self laminating tags Market: ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) provides insights driving self laminating tags market demand in latest report. Additionally, to find the effect of COVID-19 on the self laminating tags market in general, the study monitor global self laminating tags sales in 20+ high-growth markets and address their end-user in particular.
Asset tags Market: In its latest study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers in-depth insights on key factors that influence the demand for asset tags. The report covers global demand for asset tags in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on the global asset tags market.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: email@example.com
For Media Enquiries: firstname.lastname@example.org
Press Release Source: https://www.futuremarketinsights.com/press-release/hang-tag-market