The most recent industry research from Future Market Insights (FMI) predicts that in 2021, there will be more barrier tape sold globally than 1,000 million square metres.
By 2031, the global barricade tape market is anticipated to reach US$ 1.67 billion, expanding at a CAGR of 4.6%. The top 5 providers will control 15-20% of the market for barricade tape in 2021, according to a forecast by FMI.
In addition to that, as a part of safety measures at places where the harmful and flammable goods are stored, those places require proper safety marking and labelling by barricade or security tapes. Different coloured barricading tapes are manufactured by key players for indication of different types of dangers or hazards. Also, different types of printed tapes are used to alert people to various types of hazards.
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For instance- red/white coloured tape for fire prevention & protective equipment, yellow/black coloured tape for caution, and red coloured tape for serious hazards and dangers.
Availability of a large number of colours in barricade tapes containing different texts for various threats is expected to fuel the demand for barricade tapes. End-users are focusing on providing end-user industries with the best-suited barricade tapes, printed with colours and text, indicating the potential hazards in their respective industries.
Key Takeaways from Barricade Tapes Market
- Barricade tapes with a thickness ranging from 6 to 8mm is expected to record growth at 5% CAGR between 2021 and 2031. Barricade tapes with medium thickness offer cost-effective, durable and lightweight soft barricading solutions for end-use industries across the globe.
- Expansion of building & construction industry across the U.S. will offer a total incremental opportunity of US$ 140 Mn over the next decade.
- Easy availability, flexibility and hassle-free production process makes plastic as most preferred material by barricade tapes manufacturers across the regions. Plastic barricade tape is expected to account for 60% share in 2021.
- Sales of barricade tapes used in industrial end users are anticipated to exhibit growth at 5% CAGR between 2021 and 2031, on the back of favourable stringent regulation for safety of employees and labor.
- Germany is expected to be the largest market for barricade tapes in Europe accounting for almost 20% market share in 2021.
How will Upgraded Workplace Safety Norms Boost the Sales of Barricade Tape?
The Occupational Safety and Health Administration (OSHA) has made it compulsory for all employers to provide proper barricading of hazardous areas at the workplace.
Stringent government regulations implemented to ensure workplace safety will drive the demand for various types of barricading tools and products. Hence, barricading tape are gaining popularity as safety tools within automotive, pharmaceutical, building & construction, and other manufacturing industries.
Increasing rate of accidents in industries such as mining, construction, and chemicals has compelled key players to adopt barricade tape as a safety solution even in the underdeveloped and emerging markets.
Demand for barricade tape is surging because they are used to mark dangers at workplace by stretching or sticking it to reduce the risk of accidents and fatalities. This trend is helping the market to gain pace in India, China, and South Korea as focus on workplace safety has surged in these countries.
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Barricade Tapes Market Landscape
Some of the key players dominating the global barricade tapes market are
- 3M Company,
- Shurtape Technologies, LLC,
- Brady Corporation,
- Scapa Group PLC,
- Tesa SE,
- Surface Shields, Inc.,
- Advance Tapes International Ltd.,
- Vibac Group S.p.a.,
- Mutual Industries, Inc.,
- Custom Tape Ltd,
- Intertape Polymer Group Inc.,
- Yuyao Laisifu Houseware Co., LTD,
- Nitto Denko Corporation,
- Ningbo Teagol Adhesive Industry Co., LTD and
- MAS Corporation.
Barricade Tape Market by Category
By Thickness:
- Up to 2 mm
- 2 to 4 mm
- 4 to 6 mm
- 6 to 8 mm
- 8 mm & Above
By Material Type:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Paper
- Aluminium Foil
- Cotton Fabric
By End Use:
- Industrial
- Building & Construction
- Automotive
- Mining
- Agriculture & Irrigation
- General Industrial
- Aerospace
- Non-Industrial
- Traffic Signs
- Crime Scenes
- Defense
- Restricted Areas
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