Global sales of barricade tapes are anticipated to increase by 1.6x between 2021 and 2031. Rising awareness regarding workplace safety to avoid any type of industrial accidents and prevent common people from entering restricted areas will propel the sales of barricade tapes across the globe.
Rising concerns regarding the safety of all types of employees at the construction sites, manufacturing facilities, mines and various other hazardous places are attracting humanitarian organizations.
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All those social and employee welfare organizations are mandating the use of barricade tape in companies, organizations and medium-sized workplaces where no standard safety protocols are being followed.
In addition to that, as a part of safety measures at places where the harmful and flammable goods are stored, those places require proper safety marking and labelling by barricade or security tapes.
Different coloured barricading tapes are manufactured by key players for indication of different types of dangers or hazards. Also, different types of printed tapes are used to alert people to various types of hazards.
For instance- red/white coloured tape for fire prevention & protective equipment, yellow/black coloured tape for caution, and red coloured tape for serious hazards and dangers.
Availability of a large number of colours in barricade tapes containing different texts for various threats is expected to fuel the demand for barricade tapes. End-users are focusing on providing end-user industries with the best-suited barricade tapes, printed with colours and text, indicating the potential hazards in their respective industries.
Key Takeaways from Barricade Tapes Market
“Upgradation of workplace safety laws, along with the expansion of end-use industries such as automotive, construction, mining, and manufacturing will result in increased demand for barricade tapes across the globe. Moreover, producers of barricade tapes are developing sustainable tapes to woo environmentally conscious consumers across the globe,” says FMI analyst.
Increasing Popularity of Custom-built Barricade Tapes Showcases Intrinsic Growth Potential
In the modern-day, customized products and services are witnessing exponential growth, as people are more attracted towards a product or solution specifically designed to fulfil their needs. Customized products are more in demand as these products are tailor-made as a solution to existing problems faced by end-user industries.
Major manufacturers operating in the global barricade tapes market are eyeing various differentiation strategies to gain competitive edge and maintain dominance in the market. To offer unique versions of barricade tapes, these companies are offering a variety of customized options to end-user industries, in which clients choose the design, material, color and text written on the barricade tapes as per their needs.
Custom-built barricade tapes are expected to create a huge uproar in demand for barricade tapes across all regions and offering lucrative opportunities to the market players.
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Barricade Tapes Market Landscape
Some of the key players dominating the global barricade tapes market are 3M Company, Shurtape Technologies, LLC, Brady Corporation, Scapa Group PLC, Tesa SE, Surface Shields, Inc., Advance Tapes International Ltd., Vibac Group S.p.a., Mutual Industries, Inc., Custom Tape Ltd, Intertape Polymer Group Inc., Yuyao Laisifu Houseware Co., LTD, Nitto Denko Corporation, Ningbo Teagol Adhesive Industry Co., LTD and MAS Corporation.
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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