Global Gaffers Tape Market Is Estimated To Witness High Growth Owing To Increasing Consumption In Automotive And Construction Industry

 

Gaffers Tape

Overview:

Gaffers Tape is a cloth-backed pressure-sensitive tape that has been specifically designed for the arts and entertainment industry. It has a strong hold and does not leave residue on the surface it is applied to, making it ideal for use in a variety of environments. Gaff tape is available in a wide range of colors to ensure that it can quickly identify marks on the set. This helps keep things organized and easy to locate, which can be especially helpful for actors or stage managers who need to move through a scene quickly. The most common use of gaffers tape on a film or TV set is to secure cables and wires that are hidden from view. This allows for a cleaner shot that doesn't have to worry about cables bouncing off the camera lens or damaging the camera. It is also an excellent choice for photographers who need to protect their viewfinder from the sun, which can cause glare and interfere with shots.

Market Dynamics:

Increasing investments are estimated to augment growth of the global Gaffers Tape Market over the forecast period. For instance, a leading e-commerce aggregator Browntape.com has raised a funding from PE fund Marathon Edge-backed Ginni Systems in March 2021. Moreover, increasing presence of key players is anticipated to restrain growth of the global gaffers tape market over the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. The pandemic later transmitted to other nations globally. The pandemic had a significant impact on the global economy. The pandemic led to imposition of strict regulations in many regions, for preventing further transmission of the virus. Strict nationwide lockdowns, social distancing, quarantines and travel bans. These restrictions led to shutting down of several manufacturing units globally. Construction, electronics and automobiles sector were temporarily shut down owing to strict restrictions in many countries. Film and television sector also halted their operations owing to the lockdowns in many regions. This led to decrease in demand for gaffers tape. Thus, the pandemic affected the global gaffers tape market in a negative manner.

 Key Takeaways:

The global Gaffers Tape Market is expected to witness high growth, exhibiting CAGR of 8.0 % over the forecast period, due to increasing acquisitions by key players. For instance, Shurtape Technologies, LLC, declared the acquisition of Pro Tapes & Specialties, Inc., in December 2022. This acquisition will bring about exceptional product quality and innovation.

Asia Pacific is anticipated to witness significant growth in the global gaffers tape market over the forecast period, owing to growing urbanization and increasing construction industry.

Major players operating in the global Gaffers Tape Market are Can Do National Tape, 3M Company, PROTAPES AND SPECIALTIES, INC, Avery Dennison, Le Mark Group, Can-Do National Tape, Henkel AG & Co., Brown Tape Products, Tesa SE, The Dow Chemical Company, Tour SupplyInc, Shurtape TechnologiesLLC, and Tour SupplyInc.

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