Barricade Tape Market

2015-2020 Global Barricade Tape Market Outlook Compared to 2021-2031 Forecast

Global demand for barricade tape registered exponential growth driven by the increasing usage of barricade tape across various manufacturing facilities. As per the analysis, the market is anticipated to exhibit growth at 4.6% CAGR between 2021 and 2031 as compared to the 2.3% CAGR recorded during 2015-2020.

According to the report, key players are planning to create cost-effective barricade tape for consumers that offer greater strength against the environmental factors such as dust, ultraviolet (UV) rays, and others.

To gain competitive edge, some of the market players are including almost 70% wood fiber to manufacture biodegradable barricade tape and attracting consumers as these tape are sustainable and have less carbon footprints.

Manufacturers are also planning to upgrade production facilities to manufacture quality barricade tapes that either meet or exceed standards of American Public Works Association and have longer shelf life, even in extreme environmental conditions.

Besides this, they are emphasizing on making barricade tapes reusable to offer greater cost-advantage to consumers. In order to gain competitive edge, market players are focusing on making barricade tapes more durable and stronger to withstand all types of weather condition.

Additionally, they are making available improved quality barricade tapes at a low cost. Spurred by these factors, the barricade tapes market is expected to register strong growth over the forecast period.

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How will Upgraded Workplace Safety Norms Boost the Sales of Barricade Tape?

The Occupational Safety and Health Administration (OSHA) has made it compulsory for all employers to provide proper barricading of hazardous areas at the workplace.

Stringent government regulations implemented to ensure workplace safety will drive the demand for various types of barricading tools and products. Hence, barricading tape are gaining popularity as safety tools within automotive, pharmaceutical, building & construction, and other manufacturing industries.

Increasing rate of accidents in industries such as mining, construction, and chemicals has compelled key players to adopt barricade tape as a safety solution even in the underdeveloped and emerging markets.

Demand for barricade tape is surging because they are used to mark dangers at workplace by stretching or sticking it to reduce the risk of accidents and fatalities. This trend is helping the market to gain pace in India, China, and South Korea as focus on workplace safety has surged in these countries.

Will Expansion of Infrastructural & Industrial Sector Fuel the Demand For Barricade Tapes?

 Increasing demand for manufactured goods has resulted in a fast-paced expansion of various manufacturing and infrastructural facilities for manufacturing as well as storage of goods.

Manufacturers, converters, transport & logistical partners have witnessed the need for expansion to cope up with fast-paced growth in demand for all types of goods and solutions. 

Proliferation of stringent safety regulations across infrastructural and industrial workspaces will drive the demand for essential materials used for marking the floors, restricted areas and other parts of an operational or storage facility.

Demand for barricade tapes also will surge as industries focus on adhering stringent safety and workplace marking regulations, implemented by various security authorities to ensure there is no risk to the people.

Considering this, the rapid rise in the building & construction activities across the globe and favorable government regulations are expected to fuel the demand for security & barricading areas at workplaces and ongoing construction sites.

How will Preference for Paper-Based Barricade Tape Create Lucrative Growth Prospects?

Key players have come up with sustainable options of barricade tape, due to increased environmental awareness regarding the harmful effects of plastic on the eco-system. Continuous research & development done by leading players market have aided the development of paper-based warning tape, such as “water-activated adhesives” that can be easily activated by moistening the tape with water.

Producers are trying to differentiate these tape from other products by marketing it as cost-saving tape, as it does not require additional adhesives. They are also promoting it as a sustainable barricade tape, best suited both for barricading and sealing. This will create growth opportunities for the market.

Overall, due to the rising demand for sustainable products within major end use industries, demand for paper-based barricade tape is expected rise.

How has Covid-19 Impacted Global Barricade Tape Market?

 Unprecedented outbreak of COVID-19 pandemic hampered the sales of barricade tapes. Disruption of supply chains as a result of lockdown regulations imposed by governments dampened the sales prospects.

Only the production and distribution of medicinal supplies and food & beverage products was allowed under strict guidelines. Hence, sales of barricade tapes were largely impacted as the manufacturing and building & construction activities were under complete shut down during the FQ-20.

However, with expedited vaccination drives and resumption of construction and mining sector, expansion of end-use industries will ensure intrinsic growth for barricade tape market through 2021 & beyond. 

Country-wise Insights

What Makes the U.S. a Leading Market for Barricade Tape in North America?

Strict laws associated with the use of barricades at workplaces to avoid potential hazards, coupled with labor laws minimizing the risks of accidents for workers will propel the demand for barricade tape.

As per FMI, the U.S. currently is the largest market across North America, accounting for 67% market share in 2021. The market is anticipated to expand at 4.8% CAGR by the year 2031 due to increased non-industrial usage of barricade tape in traffic signs, restricted areas.

Also, demand for durable barricade tape is expected to increase due to the ability to withstand external atmospheric repercussions, which  will boost the market across the U.S.

Which are the Factors Driving Barricade Tape Sales in the U.K.?

According to the Health and Safety Executive (HSE) Agency of U.K, construction activities during construction, commissioning and operations to ensure proper barricading (Either rigid or flexible whichever is applicable) was approved by HSE for ensuring the safety of employees and also the people in the vicinity, visitors and general public. 

Such regulations make it mandatory for employers and project partners to comply with workplace safety guidelines issued by a government agency across the U.K. are expected to improve the demand.

Also, increased awareness regarding limiting the access to restricted areas to prevent hazardous effects on the health of the employees is anticipated to make the U.K. an important market for barricade tape across Europe.

As per the study, the sales of barricade tape in the U.K. are anticipated to increase by 1.5x over the forecast period.

How will Imposition of Occupational Safety Act across Germany Affect the Sales of Barricade Tapes?

The Occupational Safety Act by the Federal Ministry of Labor and Social Affairs has made it mandatory for all employers to assess the potential hazards. Compliance of this act can impact the health or lives of the workers by providing proper demarcation and warning indications through hard or soft barricades against potential hazard.

Driven by this, Germany is expected to be one of the largest markets for barricade tape across the European region. As Germany is home to the world’s largest automotive industry and other manufacturing industries, demand for barricade tape is expected to surge to ensure safety of the workers.

On this backdrop, Germany will account for over 16% market share in 2021, spearheading growth across Europe. 

Will India Emerge as the Fastest Growing Market For Barricade Tape?

The Ministry of Steel, Government of India has made it compulsory for all employers to indicate protective barricades as warning to prevent unauthorized entrance at hazardous places.

The Government also has made a compulsion that barricade devices must be visible from a safe distance to ensure the safety of workers and employees. In addition to this, awareness regarding employee safety at the workplace and prevention against industrial accidents is expected to make India the largest market across South Asia.

As India has one of the largest industrial operations for all end-use industries. Also, government is providing a much-needed boost to industrial expansion by offering easy financing options, allowing FDI(Foreign Direct Investment).

This is expected to create ample of growth opportunities for barricade tape market players across India.

What Makes China an Important Market For Barricade Tape across East Asia?

Rapid infrastructural growth witnessed over the past few years, along with the expansion of major industries such as general industrial, agriculture and mining, China is expected to be one the largest consumer of barricade tape in the East Asia. 

Availability of cheap raw materials, skilled labor, and access to up-to-date production machinery in a cost-effective range makes it a lucrative market for key barricade tape manufacturers.

Subsequently, key players are eyeing to achieve economies of scale by producing at low cost and serving global markets to maintain their supremacy over existing competitors in the market.

Hence, China is anticipated to emerge as a key producer as well as consumer of barricade tape over the upcoming decade.

Category-wise Insights

 Barricade Tape with Thickness Between 6 to 8 mm to Remain Highly Sought-After

Barricade tape with thickness ranging between 6 to 8 mm accounts for maximum sales in 2021, making it the most preferred thickness type segment among all others. 

The tape with a thickness from 6 to 8 mm are durable and strong in comparison with barricade tape having a thickness less than 6 mm. Also, the tape having thickness more than 8 mm are too expensive for the end-user industries.

Moreover, the barricade tape between 6 to 8 mm are the most economical and durable choice for large scale as well as medium-sized industries for fulfilling their barricading needs.

In addition, the barricade tape having a thickness between 6 to 8 mm are expected to offer a total incremental opportunity of US$ 250 Mn over the next decade, estimates FMI.

Why is Plastic More Preferred as Raw Material in Barricade Tape Market?

Plastic is cost-effective and easy to procure in comparison with other raw materials such as cotton, paper and aluminum foil used to manufacture barricade tape. Hence, sales of barricade tape made from plastic are anticipated to increase 1.5 times over the forthcoming decade.

Key players are manufacturing barricade tape made up of recyclable plastics as sustainable barricading products offer a higher profit margin to all the manufacturers. As they are eco-friendly, leading players are increasing the production to woo customers.

Overall, the plastic barricade tape is expected to offer total incremental opportunity of US$ 350 Mn between 2021 and 2031.

Which is the Chief Application of Barricade Tape?

As per the study, over 76% of barricade tape sales are anticipated to be contributed by industrial sector through 2031. Barricade tape are used as major safety solution for building & construction, automotive, aerospace, mining, and agricultural and other manufacturing industries.

In addition to that, the industrial end-use segment is expected to exhibit growth at 4.7% CAGR over the forecast period.

Competitive Landscape

Key players operating in barricade tape market are focusing on untapped markets to capitalize on lucrative growth opportunities offered by developing and under developed regions.

Also these players are coming up with sustainable barricade tape that are environment friendly, to attract concerned consumer bases.

• In June 2021, Intertape Polymer Group Inc. announced the acquisition of Nuevopak Global Limited for US$ 40 Mn to strengthen its packaging machines portfolio.
• In January 2019, Tesa SE announced the expansion of its production facility in Suzhou, China, by investing more than US$ 35 Mn, which includes the creation of a clean-room production unit and will provide expanded production capabilities to special adhesive tape.

Scope of Report

Key Questions Answered in the Report

• What is the value of the global barricade tape market?

  The barricade tape market is expected to total US$ 1,000 Mn in 2021.

• At what rate did the barricade tape market registered growth in the past 5 years?

  The global barricade tape market exhibited growth at 2.3% CAGR between 2015 and 2020.

• What is the global demand forecast for barricade tape between 2021 and 2031? 

  The global demand for barricade tape is expected to register growth at 5% CAGR between 2021 and 2031.

• What major trends are gaining traction in the barricade tape market? 

  Manufacturers in the barricade tape market are focusing on developing glossy barricade tape as a substitute for paint. Also, demand for barricade tape is spurring as they are used social distancing tape.

• What will drive the sales of barricade tape across the globe?

  Expansion of infrastructural & industrial sector across the globe, along with rising awareness regarding workplace safety across hazardous places drives the demand for barricade tape across the regions.

• How much market share does North America hold in the global barricade tape market? 

  North America is the second-largest market for barricade tape, holding 31% market share in 2021.

• What is the market share of the top 5 key players in the global barricade tape market?

  The top five key players in the barricade tape market are 3M Company, Tesa SE, Nitto Denko Corporation, Intertape Polymer Group Inc. and Brady Worldwide Inc. all these players 15%-20% of the global barricade tape market.

• At what rate, barricade tape market will exhibit growth in Europe between 2021 and 2031? 

  As per the FMI analysis, the barricade tape market in Europe is expected to exhibit growth at a 4% CAGR between 2021 and 2031.

• Which are the 5 major countries for the barricade tape market?

  The U.S., Canada, Germany, Russia and China are the largest markets for the global barricade tape market.

• At what rate, East Asia barricade tape market will grow over the next decade?

  As per the latest industry survey conducted by FMI, the barricade tape market is anticipated to register growth at a 6% CAGR between 2021 and 2031. 

Barricade Tape Market by Category

By Thickness:

• Up to 2 mm
• 2 to 4 mm
• 4 to 6 mm
• 6 to 8 mm
• 8 mm & Above

By Material Type:

• Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene terephthalate (PET)
  • Polyvinyl Chloride (PVC)
• Paper
• Aluminium 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
• South Asia
• East Asia
• Oceania
• Middle East & Africa (MEA)