The barricade tape market is anticipated to grow favourably through 2023, with global sales rising by 2.2% year over year, according to a new report by Future Market Insights (FMI). Sales of barrier tape are predicted to bring in a total of US$ 1.13 billion in 2023.
One of the key drivers of the barricade tape market is the increasing demand for safety measures in various industries. The construction industry is expected to be the largest end-user of barricade tape due to the increasing number of construction activities worldwide. Additionally, the increasing number of accidents and fatalities in workplaces is driving the demand for barricade tape in industrial and manufacturing facilities.
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Another factor driving the growth of the barricade tape market is the increasing awareness about the importance of workplace safety. Governments and regulatory bodies are mandating the use of barricade tape in hazardous areas to prevent accidents and injuries. Moreover, the rising adoption of barricade tape in events and public gatherings is also fueling the demand for barricade tape.
In conclusion, the barricade tape market is expected to grow in the coming years due to the increasing demand for safety measures and rising awareness about workplace safety. The market is highly competitive, with major players investing in product innovation and expansion to gain a competitive edge.
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Competitive Landscape
Key players operating in the barricade tape market are focusing on untapped markets to capitalize on lucrative growth opportunities offered by developing and underdeveloped regions. Additionally, these players are coming up with sustainable barricade tapes that are environment friendly, to attract concerned consumer bases.
Key Players and Their Recent Developments in Barricade Tape Market
Intertape Polymer Group Inc.
Intertape Polymer Group Inc. is a premier supplier of packaging and protective solutions with its main office in Sarasota, Florida, serving a myriad of end-use industries and regions. The company creates, produces, and markets a wide range of products, including woven and non-woven goods, packaging machinery, flex and compress films, pressure-sensitive and water-activated barrier, and other tapes, as well as paper and film-based tapes.
- In June 2021, Intertape Polymer Group Inc. announced the acquisition of Nuevopak Global Limited for US$ 40 million to strengthen its packaging machines portfolio.
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Other Key Players Operating in the Market
- Shurtape Technologies, LLC
- Brady Corporation
- Scapa Group PLC
- Surface Shields, Inc.
- Advance Tape International Ltd.
Market Segmentation
By Thickness:
- Up to 2 mm
- 2 to 4 mm
- 4 to 6 mm
- 6 to 8 mm
- Above 8 mm
By Material Type:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Paper
- Aluminum 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
By Region:
- North America
- Latin America
- Europe
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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