Key Market Segment Highlights:
The correction tapes market report is segmented by End-user (Education and home, and Office), Distribution Channel (offline and online), and Geography (North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America).
- Regional Analysis: North America will be the leading region with 39% of the market’s growth during the forecast period. The US is the key market for correction tapes market in North America. Market growth in this region will be faster than the growth of the market in South America. Product innovation, new product development, and technological advance will facilitate the correction tapes market growth in North America over the forecast period.
- Revenue-generating Segment Highlights: The education and home end-user segment held the largest correction tapes market share in 2020. The segment will continue to account for the highest revenue throughout the forecast period. The growth of the segment can be attributed to the expansion of the education sector (with an increase in the number of schools, especially in the US) and increased student enrollments. The use of pens in lower grades in schools and paper-based assignments have contributed to the increased sale of correction tapes. In terms of distribution channels, the offline segment is anticipated to garner the highest growth throughout the forecast period.
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Key Market Vendor Landscape:
The correction tapes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The correction tapes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Top Companies Mentioned with their Offerings
- 3M Co.: The company offers a wide range of correction tapes available with different lengths and widths under the brand Scotch.
- ACCO Brands Corp.: The company manufactures and provides correction tapes such as ARTLINE EDIT CLIX CORRECTION TAPE PURPLE HS and ARTLINE EDIT KEY RING CORRECTION TAPE PINK HS.
- BIC Group: The company offers correction tapes under the brands, Tipp-Ex and BIC Wite-Out.
- Mr. Pen: The company offers correction tapes under the product lines, office supplies, and school supplies.
- Newell Brands Inc.: The company manufacturers and offers correction tapes such as Paper Mate Dry Line Correction Tape, Paper Mate Liquid Paper DryLine Correction Tape with Dispenser, and Paper Mate Dryline Grip 6915617 Correction Tape.
Some more companies covered in the report are:
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- PLUS Corp.
- SEED Inc.
- Soni Polymers Pvt. Ltd.
- Staples Inc.
- Tombow Pencil Co. Ltd.
- To access more vendor profiles with their key offerings available with Technavio, Download PDF Sample
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Correction Tapes Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.59% |
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Market growth 2021-2025 |
$ 38.78 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.78 |
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Regional analysis |
North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, UK, China, Germany, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
3M Co., ACCO Brands Corp., BIC Group, Mr. Pen, Newell Brands Inc., PLUS Corp., SEED Inc., Soni Polymers Pvt. Ltd., Staples Inc., and Tombow Pencil Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
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- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
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- Exhibit 03: Value chain analysis: Office services and supplies
3 Market Sizing
- 3.1 Market definition
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- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
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- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 – 2025
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- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis
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- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
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- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
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- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
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- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
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- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
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- Exhibit 13: Threat of rivalry
- 4.7 Market condition
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- Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
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- Exhibit 15: End-user – Market share 2020-2025 (%)
- 5.2 Comparison by End-user
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- Exhibit 16: Comparison by End-user
- 5.3 Education and home – Market size and forecast 2020-2025
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- Exhibit 17: Education and home – Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Education and home – Year-over-year growth 2020-2025 (%)
- 5.4 Office – Market size and forecast 2020-2025
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- Exhibit 19: Office – Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Office – Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by End-user
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- Exhibit 21: Market opportunity by End-user
6 Market Segmentation by Distribution channel
- 6.1 Market segments
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- Exhibit 22: Distribution channel – Market share 2020-2025 (%)
- 6.2 Comparison by Distribution channel
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- Exhibit 23: Comparison by Distribution channel
- 6.3 Offline – Market size and forecast 2020-2025
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- Exhibit 24: Offline – Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Offline – Year-over-year growth 2020-2025 (%)
- 6.4 Online – Market size and forecast 2020-2025
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- Exhibit 26: Online – Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Online – Year-over-year growth 2020-2025 (%)
- 6.5 Market opportunity by Distribution channel
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- Exhibit 28: Market opportunity by Distribution channel
7 Customer landscape
- 7.1 Customer landscape
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- Exhibit 29: Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
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- Exhibit 30: Market share by geography 2020-2025 (%)
- 8.2 Geographic comparison
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- Exhibit 31: Geographic comparison
- 8.3 North America – Market size and forecast 2020-2025
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- Exhibit 32: North America – Market size and forecast 2020-2025 ($ million)
- Exhibit 33: North America – Year-over-year growth 2020-2025 (%)
- 8.4 Europe – Market size and forecast 2020-2025
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- Exhibit 34: Europe – Market size and forecast 2020-2025 ($ million)
- Exhibit 35: Europe – Year-over-year growth 2020-2025 (%)
- 8.5 APAC – Market size and forecast 2020-2025
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- Exhibit 36: APAC – Market size and forecast 2020-2025 ($ million)
- Exhibit 37: APAC – Year-over-year growth 2020-2025 (%)
- 8.6 MEA – Market size and forecast 2020-2025
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- Exhibit 38: MEA – Market size and forecast 2020-2025 ($ million)
- Exhibit 39: MEA – Year-over-year growth 2020-2025 (%)
- 8.7 South America – Market size and forecast 2020-2025
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- Exhibit 40: South America – Market size and forecast 2020-2025 ($ million)
- Exhibit 41: South America – Year-over-year growth 2020-2025 (%)
- 8.8 Key leading countries
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- Exhibit 42: Key leading countries
- 8.9 Market opportunity by geography
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- Exhibit 43: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
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- Exhibit 44: Impact of drivers and challenges
- 9.3 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
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- Exhibit 45: Vendor landscape
- 10.3 Landscape disruption
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- Exhibit 46: Landscape disruption
- Exhibit 47: Industry risks
11 Vendor Analysis
- 11.1 Vendors covered
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- Exhibit 48: Vendors covered
- 11.2 Market positioning of vendors
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- Exhibit 49: Market positioning of vendors
- Exhibit 50: 3M Co. – Overview
- Exhibit 51: 3M Co. – Business segments
- Exhibit 52: 3M Co.- Key news
- Exhibit 53: 3M Co. – Key offerings
- Exhibit 54: 3M Co. – Segment focus
- Exhibit 55: ACCO Brands Corp. – Overview
- Exhibit 56: ACCO Brands Corp. – Business segments
- Exhibit 57: ACCO Brands Corp.- Key news
- Exhibit 58: ACCO Brands Corp. – Key offerings
- Exhibit 59: ACCO Brands Corp. – Segment focus
- Exhibit 60: BIC Group – Overview
- Exhibit 61: BIC Group – Product and service
- Exhibit 62: BIC Group- Key news
- Exhibit 63: BIC Group – Key offerings
- Exhibit 64: Mr. Pen – Overview
- Exhibit 65: Mr. Pen – Product and service
- Exhibit 66: Mr. Pen – Key offerings
- Exhibit 67: Newell Brands Inc. – Overview
- Exhibit 68: Newell Brands Inc. – Business segments
- Exhibit 69: Newell Brands Inc.- Key news
- Exhibit 70: Newell Brands Inc. – Key offerings
- Exhibit 71: Newell Brands Inc. – Segment focus
- Exhibit 72: PLUS Corp. – Overview
- Exhibit 73: PLUS Corp. – Product and service
- Exhibit 74: PLUS Corp. – Key offerings
- Exhibit 75: SEED Inc. – Overview
- Exhibit 76: SEED Inc. – Product and service
- Exhibit 77: SEED Inc. – Key offerings
- Exhibit 78: Soni Polymers Pvt. Ltd. – Overview
- Exhibit 79: Soni Polymers Pvt. Ltd. – Product and service
- Exhibit 80: Soni Polymers Pvt. Ltd. – Key offerings
- Exhibit 81: Staples Inc. – Overview
- Exhibit 82: Staples Inc. – Product and service
- Exhibit 83: Staples Inc. – Key offerings
- Exhibit 84: Tombow Pencil Co. Ltd. – Overview
- Exhibit 85: Tombow Pencil Co. Ltd. – Product and service
- Exhibit 86: Tombow Pencil Co. Ltd.- Key news
- Exhibit 87: Tombow Pencil Co. Ltd. – Key offerings
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