India Masking Tape Market Set for Rapid Growth due to Expanding Packaging Industry Market Overview
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India Masking Tape Market |
The masking tape market in India has seen substantial growth
over the past few years owing to rising consumption across various end-use
industries such as packaging, automotive and construction. Masking tape, also
known as painter's tape, is a type of pressure-sensitive tape made of a thin and
easy-to-tear paper, and an easily released pressure-sensitive adhesive. Its
basic function is to mask off an area where you don't want paint to be applied
without damaging the surface underneath. The packaging industry has been one of
the major consumers of masking tapes for sealing, binding and identification
purposes. Further, growth in e-commerce and rising disposable incomes have
positively impacted the packaging industry in India.
The Global India Masking Tape Market is estimated to be
valued at US$ 286.53 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the India masking tape are Abeldent Inc., Medicloud,
Dentimax LLC, Patterson Dental, Carestream Dental, Inc., Consult-Pro, Ace
Dental Software, Dentsply Sirona, Datacon Dental Systems, Planmeca Oy, Danaher,
Open Dental Software Inc., Henry Schein, Inc., and Imageworks Corporation.
These players are focusing on new product launches and strategic collaborations
to gain a competitive advantage in the market.
The key opportunities in the
India Masking Tape Market Size include rising e-commerce sector and
growth in packaging and construction industries. E-commerce is growing at a
rapid pace in India. This has resulted in increased demand for packaging from
the sector. Further, ongoing infrastructure projects and growth in construction
and real estate will drive masking tape consumption.
Major players are expanding globally to leverage opportunities in developing
markets. For instance, 3M Company has a presence across 100 countries. It is
investing in India to expand manufacturing and supply chain capacities.
Similarly, other players are also focusing on South Asian and African markets
for long term growth in the masking tape segment.
Market Drivers
The main driver for the India masking tape market is the expansion of the
packaging industry in the country. Packaging consumption is increasing across
various end-use sectors such as FMCG, pharmaceuticals, e-commerce, and consumer
goods. Masking tapes help provide protection and ease of handling during
shipping and transportation of packaged products.
Market Restraints
Availability of substitutes such as rubber-based adhesive tapes poses a
major challenge for masking tape providers. These substitution tapes provide
similar functionality as masking tapes and are preferred in certain
applications. Further, fluctuations in raw material prices can hamper market
revenue growth to some extent over the forecast period.
Segment Analysis
Masking tape comes in different widths and thickness for variety of end use
applications. The 1⁄2 inch sub segment dominates the market as it is used in
most general purpose applications like painting, wood working, automobile,
fabrication etc. due to its balance of holding power and ease of removal
attribute. The 1 inch and above wide tape finds more use in commercial
construction related applications like making templates, marking, signage etc.
due to its extra strength.
Global Analysis
Regional Analysis
The North region dominates the India masking tape market due to established end
use industries like automobile, fabrication, construction in the region. The
South region is the fastest growing region due to increasing industrial and
infrastructure development activities.
Regional Analysis
Asia Pacific is expected to be the fastest growing region in the India
masking tape market during the forecast period. This is attributed to rapid
industrialization and infrastructure development projects ongoing in the
region. China dominates the Asia Pacific region owing to large manufacturing
sector in the country. North America is expected to hold significant share
during the forecast period owing to recovery of automobile and construction
industries in the US and Canada.
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Masking Tape Market
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