Market Overview

Global Correction Tapes Market 2018-2022| Increasing Product Demand Among Students to Boost Growth| Technavio

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Technavio
analysts forecast the global correction tapes market to grow at a CAGR
close to 7% during the forecast period, according to their latest market
research report.

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Technavio has published a new market research report on the global correction tapes market from 2018 ...

Technavio has published a new market research report on the global correction tapes market from 2018-2022. (Graphic: Business Wire)

The advent of ergonomic correction tapes is one of the major trends
being witnessed in the global
correction tapes market 2018-2022
. Vendors in the global
correction tapes market are continuously engaged in product innovation
strategies to offer products that suit multiple customer segments.
Moreover, these ergonomically advanced correction tapes are
characterized by enhanced ease of use and convenience. Thus, the
introduction of ergonomic correction tapes has increased the growth
prospects of the existing market vendors as well as the overall global
market.

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only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global correction tapes market is the increasing
product demand among students:

Global correction tapes market: increasing
product demand among students

There exists a high demand for correction tapes in school and
universities. The demand for paper and office stationary is high in
educational institutions. Increase in literacy rates and growing
adoption of correction tapes among students is contributing to the
growth of the market. Many students in lower grades have replaced
pencils with pens. The increased use of pen contributes to a
corresponding increase in the use of correction tapes and correction
fluids. Consequently, several market vendors are focusing on introducing
correction tapes that are customized for students belonging to different
grades. Therefore, it is expected that global correctional market will
have a positive outlook during the forecast period.

According to a senior research analyst at Technavio, "Growing
literacy rates, increased enrollment of students in schools and colleges
and growing online retailing are some of the major factors that is
driving the growth of correction tapes market"

Global correction tapes market: Segmentation
analysis

The global correction tapes market research report provides market
segmentation by product (non-refillable and refillable), by end-user
(education and home, and office), and by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for close to 51% share, followed by the EMEA and APAC respectively.
Increased product demand and product innovation are the key drivers of
the market in the Americas.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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