Global gaffers tape market expected to grow to USD 3.96 billion by 2033

From GlobeNewswire: 2024-05-24 05:00:00

The Global Gaffers Tape Market is set to grow from USD 1.85 billion in 2023 to USD 3.96 billion by 2033, with a CAGR of 7.91%. The tape is used in various industries, with demand rising due to factors such as e-commerce and sustainability awareness. Companies must adapt to market changes to thrive. The polyethylene gaffers tape segment is expected to dominate the market, catering to the entertainment industry and other sectors due to its properties. The equipment and tool securing segment is projected to grow rapidly. The entertainment industry is a key user of gaffers tape, finding it useful for various tasks. Asia Pacific is expected to lead the market, driven by construction growth and availability of basic materials. North America is forecasted to see rapid CAGR growth, led by the US and Canada. Key players in the market include 3M, Tesa SE, and Pro Tapes. In a recent development, Bron Tapes acquired GaffTech, known for innovative floor tape products. Market segmentation includes material type, application, end user, and region. For more insights and analysis, browse related reports on the global tape and material markets.



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