1. The transfer of the world’s tape industry to China
At this stage, the global tape industry is accelerating its transition to developing countries. Due to the shrinkage of the local market and the decline in production costs, tape companies in developed and regional countries continue to shrink their regional production operations and transfer their production relationships to developing countries through the establishment of factories, acquisitions and consignment processing. While production capacity is being transferred, industrial resources such as technology, human resources, and markets are flowing to developing countries. China is the main operating country for the relocation of the international tape industry. The main reasons are: The domestic production cost is much lower than that of developed countries. China has become the world’s largest tape production and consumption market, and the market growth rate is still at the forefront of the world. The domestic tape industry has made great progress in the development, and some companies have achieved production performance and specifications. Products that have reached the international advanced level can undergo industry transformation.

2. Domestic demand continues to expand
China is in the stage of economic development, and the process of industrial modernization and urbanization is accelerating. At this stage, industries such as machinery, metallurgy, electric power, mining, chemicals, building materials, and ports are growing steadily. These industries are the main downstream industries of tape. The development direction of domestic tape products is high performance, light weight, energy saving, environmental protection, and long life. High-performance tape is the trend of industrial development, and its proportion will be further increased.

3. Capacity increase and production technology of domestic tape products
The development direction of domestic tape products is high performance, light weight, energy saving, environmental protection, and long life. High-performance tape is the trend of industrial development, and its proportion will be further increased. At the same time, the production process has been upgraded, the technical content of domestic tape products has been continuously improved, and the gap with the international level has narrowed.

4. The industrial concentration continues to increase, and the industrial order is further standardized
As competition intensifies, the viability of Chinese tape companies will continue to improve, and the industry concentration will continue to increase. Nowadays, the slowdown or decline of macroeconomic growth at home and abroad is causing most tape manufacturers, especially small and medium-sized enterprises, to reduce or stop production. Then promote the flow of industrial resources to outstanding enterprises. Market share and industry leadership In addition, major downstream customers are gradually building a stable supply chain. Various equipment and raw materials are only purchased from the suppliers included in its management system. The main downstream customers strengthen the supply chain management and provide high-quality tape companies for the stable growth of the market space.