Caution Tape Market: An Overview
Caution Tape is a type of barricade tape used for isolating crime scenes and preserving the evidence from contamination. The usage of caution tape makes it evident that entry into the area is restricted. Depending upon the thickness, caution tapes can be used for heavy-duty as well as medium-duty applications.
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Caution Tapes are printed with warning text on a bright background for greater visibility from a distance. Manufacturers also provide caution tapes in different colors, which include departmental logos and other important information in multiple languages, to reach the maximum population. Caution tapes need to comply with a number of safety standards, such as the Occupational Safety and Health Administration (OSHA), International Organization for Standardization (ISO), and other regional standards, to be used commercially. However, the dimensions, thickness, and material of caution tape are selected by the manufacturer.
Caution Tape Market: Dynamics
Caution Tapes provide an effective way of temporarily barricading the perimeter of the crime scene owing to their high visibility. These tapes aid in controlling and diverting the crowd from the crime scene and protecting them against potential dangers. Caution tapes can either be tied or nailed in place for demarcation as they are non-adhesive in nature. These factors are expected to be among the key drivers of the global Caution tapes market during the forecast period. Among the various material types, Polyethylene (PE) is one of the most used materials for the manufacturing of caution tapes, which can be attributed to its economic cost and easy procurement. Furthermore, caution tapes are durable as well as long-lasting, which makes them apt for adverse weather conditions. This is bolstering the demand for caution tapes and is expected to continue to boost the market during the next decade.
Caution Tape Market: Segmentation
Globally, the caution tape market has been segmented based on material type and thickness.
On the basis of material type, the global caution tape market has been segmented as follows:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyamide (PA)
- Poly Vinyl Chloride (PVC)
On the basis of thickness, the global caution tape market has been segmented as follows:
- Up to 2 mil
- 2 to 4 mil
- 4 to 6 mil
- 6 mil and above
Caution Tape Market: Regional Outlook
Geographically, the global caution tape market has been segmented into seven key regions, which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA), and Japan. The consumption of caution tape is expected to remain high in countries with higher crime rates. According to the United Nations Office on Drugs and Crime (UNODC), the rate of homicide has doubled between 2007 and 2011 in countries such as Brazil and Mexico, which has boosted the sales of Caution Tapes in the region, and is expected to continue to boost the market during the forecast period. The overall market for caution tapes is expected to have a positive outlook in developed, as well as developing economies. However, countries with higher crime rates are estimated to create significant growth opportunities for the sales of caution tapes in the coming years. Moreover, the demand for caution tapes is expected to be driven by an increase in the number of road accidents and homicides across developing economies across the globe. As per WHO, more than 1.5 Mn deaths are caused by road accidents every year. This creates the immediate need for caution tapes in different areas, which is expected to fuel the demand for caution tapes for road safety.
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Caution Tape Market: Key Players
Some of the key players operating in the global caution tape market are Reef Industries, Inc., Precision Specialties Company, 3M Company, Brady Corporation, V4 You Group, Electro Tape Specialties, Inc., Harris Industries, Inc., Zhejiang Sam Plastic Co., Ltd., Jiaozuo Ruifulai Reflective Material Co., Ltd., and Kunshan Yuhuan Package Materials Co., Ltd. Several regional and small-scale players are expected to enter the caution tapes market during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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