Correction Tapes Market to Grow Over $ 33 Million During 2020-2024 | Growth of Corporate Sector to be Major Trend | Technavio
LONDON--(BUSINESS WIRE)--Dec 18, 2020--
Technavio has been monitoring the correction tapes market and it is poised to grow by USD 33.29 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Correction Tapes Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the correction tapes market. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
Based on segmentation by End-user, which is the leading segment in the market?
The education segment led the market in 2019.
What are the major trends in the market?
The growth of the corporate sector is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 7% during 2020-2024.
Who are the top players in the market?
3M Co., ACCO Brands Corp., BIC Group, Newell Brands Inc., P. J. Ford & Associates Ltd., PLUS Corp., SEED Inc., Soni Polymers Pvt. Ltd., Staples Inc., and Tombow Pencil Co. Ltd. are the top players in the market.
What are the key market drivers and challenges?
The market is driven by increasing product demand among students. However, the presence of numerous regional players will challenge growth.
How big is the North American market?
North America dominated the market with a 36% share in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., ACCO Brands Corp., BIC Group, Newell Brands Inc., P. J. Ford & Associates Ltd., PLUS Corp., SEED Inc., Soni Polymers Pvt. Ltd., Staples Inc., and Tombow Pencil Co. Ltd. are some of the major market participants. Although the increasing product demand among students, the presence of numerous regional players is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this correction tapes market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Correction Tapes Market 2020-2024: Segmentation
Correction Tapes Market is segmented as below:
- Education And Home
- Distribution Channel
- North America
- South America
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Correction Tapes Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The correction tapes market report covers the following areas:
- Correction Tapes Market Size
- Correction Tapes Market Trends
- Correction Tapes Market Industry Analysis
This study identifies the growth of the corporate sector as one of the prime reasons driving the Correction Tapes Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Correction Tapes Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist correction tapes market growth during the next five years
- Estimation of the correction tapes market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the correction tapes market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of correction tapes market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Education and home - Market size and forecast 2019-2024
- Office - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
- Customer landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 3M Co.
- ACCO Brands Corp.
- BIC Group
- Newell Brands Inc.
- P. J. Ford & Associates Ltd.
- PLUS Corp.
- SEED Inc.
- Soni Polymers Pvt. Ltd.
- Staples Inc.
- Tombow Pencil Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201218005071/en/
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SOURCE: Technavio Research
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PUB: 12/18/2020 03:30 AM/DISC: 12/18/2020 03:30 AM