Gaffers tape, also known as gaffer tape, is a strong, flexible, and durable tape used in a variety of industries for a range of applications. It is made of a fabric backing, usually cotton or polyester, coated with a pressure-sensitive adhesive that provides excellent adhesive strength and high tack.
The gaffer’s tape market is anticipated to reach US$ 1.73 billion in 2022 and US$ 3.73 billion by 2032. During the projection period, gaffers tape sales are anticipated to increase steadily at a CAGR of 8%.
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The gaffers tape market is expected to grow at a significant rate in the coming years, driven by several factors such as increasing demand from the entertainment industry, construction, and electrical industries. The entertainment industry, in particular, uses gaffers tape extensively for various applications, such as securing cables, holding props, and marking stages. The growth in the entertainment industry, including live events and film production, is expected to drive the demand for gaffers tape.
The construction industry is another major user of gaffers tape. The tape is used for a variety of applications, such as sealing, binding, and bundling. The increasing demand for construction activities globally is expected to drive the growth of the gaffers tape market.
The electrical industry is also a significant user of gaffers tape, where it is used to insulate and protect wires and cables. The increasing demand for electricity and the rising number of electrical appliances and devices are expected to boost the demand for gaffers tape in the electrical industry.
In addition, the use of gaffers tape in the automotive industry is also increasing. The tape is used for various applications such as masking, repairing, and bundling. The growth of the automotive industry globally is expected to drive the demand for gaffers tape in this sector.
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Overall, the gaffers tape market is expected to witness significant growth in the coming years, driven by the increasing demand from various industries and the growth of these industries globally.
Gaffers Tape Market – Market Dynamics
One of the significant factors contributing towards the growth of the gaffers Tape market is the rampant growth of industrial tape industry. Moreover, the growing consumption of Gaffers Tape from automotive and construction segment is expected to rise the demand of gaffers Tape over the forecast period.
Furthermore, Gaffers Tape is suitable for all types of packaging material owing to its properties such as better adhesive holding power, improved moisture resistance, better conformability and instant adhesion. Characteristics such as compatibility with various sterilization forms and non-toxic nature displayed by Gaffers Tape is further estimated to enhance the demand of Gaffers Tape market over the forecast period.
Ease of entrance in the market has resulted in increasing competition in the global tape market. This has encouraged the vendors to introduce new and advance form of gaffers Tape, for instance double sided gaffers tape with high performance.
Today most of the gaffers tape companies are focusing on highly efficient eco-friendly recovery technology for adhesive coating and is expected to be the next growth opportunity for pressure sensitive manufacturers over the forecast period.
However, the gaffers tape market is highly fragmented market due to presence of numerous regional and local players. These manufacturers offers innovative packaging solution related to tape at a lower price than multinational players, resulting in intense price wars. It is expected that large multinational players will acquire the small regional and local players over the forecast period.
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Gaffers Tape Market – Major Players
Some of the major players identified across the globe in the Gaffers Tape market are Henkel AG & Co., KGaA, 3M Company, The Dow Chemical Company, Avery Dennison, Ashland Inc. and H.B Fuller.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type and end-use.
Gaffers Tape Market- Market Segmentation
Global Gaffers Tape market is segmented on the basis of product, backing material, and application. On the basis of product, gaffers tape market can be segmented into cartoon sealing tape, masking tape, double sided tape, electrical tape and others. On the basis of backing material, gaffers tape market can be segmented into polypropylene, paper, PVC and others.
On the basis of application, gaffers tape market can be segmented into packaging, building & construction, electrical & electronics, automotive, health & hygiene and others
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