UK to be the Pioneer of the European Masking Tapes Landscape, registering a 5.2% CAGR to reach US$ 7.9 Billion by 2032: FMI Report - Digital Journal

2022-12-13 00:34:32 By : Ms. Linda Liu

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The masking tape market will generate a CAGR of 5.2% for the forecast period. Globally masking tape market is anticipated to exceed US$ 7,901 Million by the end of 2032. The expansion of the e-commerce industry in the United Kingdom has opened up several opportunities for the masking tape market. The technical advancement in logistics and shipping strategies in the UK has created a demand and is dominating the masking tape market in Europe. This tape is used in the packaging of courier boxes and parcels and it acts as a sealant. It allows the shipping boxes to resist wear and tear while the box is in transit and the boxes remain secure. Bulk Patterned Tissue Paper

UK to be the Pioneer of the European Masking Tapes Landscape, registering a 5.2% CAGR to reach US$ 7.9 Billion by 2032: FMI Report - Digital Journal

The UK is also witnessing a boom in the construction industry. Home builders are searching for new projects and this search will lead to a surge in the masking tape market.  A developed economy like Germany has also made future plans regarding the development of its construction industry.

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The government of Germany is supportive of the construction sector and has planned a roadmap for construction activities. This sector is guaranteed to grow progressively by creating a significant demand and space for the masking tapes market. There are four types of tapes market based on resin type – acrylic, rubber, silicone, and others. Among the four, acrylic types dominate the market with the highest market share. This will grow at a CAGR of 6.6% during the forecast period.

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The key players in the masking tape market are Saint-Gobain Performance Plastics, Berry Global Inc., 3M AVERY DENNISON CORPORATION, NITTO DENKO CORPORATION, Lintec Corporation, Tesa SE, Intertape Polymer Group, Inc., Lohmann GmbH & Co.KG, Nichiban co. ltd.

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UK to be the Pioneer of the European Masking Tapes Landscape, registering a 5.2% CAGR to reach US$ 7.9 Billion by 2032: FMI Report - Digital Journal

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