Cable Wrapping Tapes Market Size

Cable Wrapping Tapes Market size is anticipated to cross USD 3.5 Billion by the end of 2036, expanding around 7% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of cable wrapping tape was over USD 1.5 Billion. The Pandemic pushed schools & offices to close down, creating a culture of remote work and online studies, creating a new demand for Wi-Fi connection. The rising use of wires for connecting to the internet for business and school has raised the need for cable wrapping tapes to join wires together and keep insulated wires from kinking. According to a survey, as of 2024, 27% of American workers will work from home, and by 2025 it is expected that 36 million Americans will be working outside the country. Additionally, Around the world, online learning has been completed by 49% of students.

Also, the steady expansion of the construction sector is to boost the market for cable wrapping tapes. Traditional tapes are being replaced by cable wrapping tapes owing to their features such as secure functioning, and ease of ease. This is especially utilized around the Asia Pacific region. The cable wrapping tapes having prominent colors are critically used in electrical set-up during construction.