|Report ID: CMR553736 | SKU: CMR553736 | Edition: 7th Global Edition
The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date.
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|Historical Data Time Period||2018-2023|
Gaffers Tape Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Launching eco-friendly tapes is a key trend in the gaffers' tape market. Several countries worldwide have banned the use of toxic materials used in manufacturing gaffers' goods. Enhanced demand for recyclable tapes has been caused by federal policies as well as a shift in end-user emphasis toward environmentally tolerable goods. Many organizations are moving from PVC to bio-degradable materials such as paper and cellulose for manufacturing tapes.
The widespread use of e-commerce, tighter global waste restrictions, and rising consumer knowledge of the value of sustainability are just a few of the many variables that have contributed to the current fast rate of change. To survive this unprecedented transformation faced by CEOs, next-generation industry winners must modernize and future-proof their company structures and marketing strategies. Many gaffer tape players will be put to the test by transformational shifts.
Manufacturers of gaffer tape must consider costs and the availability of raw materials to select the price structures of their products. The raw materials used to make gaffer tapes include rubber, silicone, acrylic, polypropylene (PP), paper, adhesives, polyvinyl chloride (PVC), and release liners. Most of these natural materials are products of petroleum that are vulnerable to fluctuations in commodity prices. Due to rising global demand and unrest in the Middle East, oil prices have been quite volatile. Uncertainty and changes in feedstock prices and availability impact the market's growth.
The gaffers tape market experienced considerable disruptions due to the COVID-19 pandemic. Initially, as enterprises and events shut down, the market plummeted. The entertainment and live events sector, a major customer of gaffers tape, nearly halted, leading to decreased production and sales. Supply chain disruptions also affected availability. However, the market gradually rose as industries adjusted to the new normal. Remote work and DIY projects surged, growing the demand for gaffers' tape in home improvements and makeshift studios. Additionally, healthcare facilities utilize it to provide personal protective equipment. Manufacturers adapted production lines to satisfy evolving demands, including producing antimicrobial gaffer tape for healthcare settings.
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Global Gaffers Tape Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Gaffers Tape Industry growth. Gaffers Tape market has been segmented with the help of its Type, Application Material, and others. Gaffers Tape market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, matte-colored gaffer tape has emerged as a significant trend in the gaffer tape market. Matte finishes offer a non-reflective, understated appearance, making them ideal for applications where aesthetics matter. This includes the film and photography industry, where matte gaffer tape is preferred to prevent unwanted glare on set.
Fluorescent color is the second-most used product due to its high visibility and eye-catching characteristics. These vibrant colors, which include neon pinks, greens, and oranges, have become popular in various applications where visibility is crucial. One of the primary drivers behind the increasing demand for fluorescent-colored gaffer tape is its use in safety and hazard marking.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gaffers Tape Industry. Request a Free Sample PDF!
Concert and theatre stages play a pivotal role in the gaffers' tape market, with the primary driver being the tape's essential role in stage setup, safety, and aesthetics. Gaffer tape is a staple in these environments due to its ability to secure cables and wires discreetly, preventing tripping hazards for performers and crew. It also serves as a versatile tool for marking stage positions, ensuring precise placement of props and equipment during performances.
According to Cognitive Market Research, automotive is the fastest-growing category owing to the expanding demand for tapes in automotive electronics such as air conditioning systems, interior & exterior lights, light assemblies, battery connectors & wires, electronic components, sensors, and several other electronic devices.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Gaffers Tape market report 2023 Edition by contacting our team.
Polyethylene held the major market share over the forecast period. The growing need for efficient moldable packaging products is driving the demand for the global gaffers' tapes market. Polyethylene is the most frequently used plastic in the packaging industry.
According to Cognitive Market Research, PVC is the second-most popular product due to its ability to withstand harsh conditions, including exposure to moisture, UV rays, and temperature fluctuations. This durability is especially valuable in the entertainment, construction, and event management industries, where gaffer tape is used for securing cables, marking stages, and providing temporary fixes.
The rubber held the major market share as rubber-based adhesives provide strong bonding capabilities, excellent tackiness, and residue-free removal, making them ideal for gaffer tape applications. In the entertainment industry, rubber-based gaffer tape is essential for securing cables and wires to various surfaces, ensuring safety and organization on film sets and stages.
According to Cognitive Market Research, acrylic is the fastest-growing category due to its versatility and performance. Acrylic-based gaffer tapes are known for their exceptional adhesive strength, durability, and resistance to various environmental conditions. This makes them essential in multiple industries, including entertainment, construction, and events.
0.5-1 inch holds the major market share as this narrower size is highly versatile and finds applications in various industries. Its compact width makes it ideal for cable and wire management, securing lightweight equipment, and precision marking on stages and sets.
According to Cognitive Market Research, above 3 inches is the fastest-growing category as these wider tapes are crucial for heavy-duty applications, offering enhanced strength and coverage. Construction, manufacturing, and automotive industries rely on them for securing large cables, bundling heavy equipment, and providing temporary floor markings.
Online holds the major market share as purchasing tobacco products allows customers to browse numerous options and purchase from the comfort of their homes. This convenience factor has significantly contributed to the popularity of online channels, especially among busy individuals or those living in remote locations with little access to physical tobacco retailers.
According to Cognitive Market Research, direct sales is the fastest-growing category as consumers prefer these stores as they offer considerable discounts and offers and are present close to the users, facilitating immediate demand fulfillment.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for more than 35% of the global revenue, owing to the existence of a robust manufacturing base in the U.S., along with the immediate growth of the automotive industry to augment the market demand. The expanding popularity of electric vehicles with enhanced features and technologies is projected to augment the market. Investments in the U.S. to increase the production of electric vehicles and associated modern car components are further expected to increase the demand for gaffers’ tapes.
Asia-Pacific is the fastest-growing category over the forecast period due to the increasing number of concerts, film productions, and live events across countries like China, India, and South Korea, which has led to a rising demand for gaffers tape for cable management, stage setups, and equipment securing. Additionally, the region's growing construction and manufacturing sectors further contribute to the market's expansion, with wider gaffers tapes being used for heavy-duty applications.
The current report Scope analyzes Gaffers Tape Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on firstname.lastname@example.org
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Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Matte Color with Application, Material, additional country analysis, volume/consumption data, etc.
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Report scope is customizable as we have a huge database of Gaffers Tape industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
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Top Companies Market Share in Gaffers Tape Industry: (In no particular order of Rank)
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The major players are embarking on mergers and acquisitions as one of their prominent strategies to achieve consolidation and optimize their offerings. Advanced distribution channels and manufacturing expertise give an upper edge to the manufacturers to enhance their range of products across the Gaffers Tape market.
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