GAFFERS TAPE MARKET ANALYSIS

Geographies Covered

Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth of gaffers tape market in India. Also, gaffers tape market is expected to receive a boost in APAC region due to wide availability of Polypropylene, PVC, which is used as raw material for production of gaffers tape. Also the growth in automotive industry has further fueled consumption of gaffers tape in Asia Pacific region.