Correction Tapes Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45369

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The correction tapes market has the potential to grow by USD 38.78 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.59%.

This correction tapes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (education and home and office), distribution channel (offline and online), and geography (North America, Europe, APAC, MEA, and South America). The correction tapes market report also offers information on several market vendors, including 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. among others.

What will the Correction Tapes Market Size be in 2021?


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Correction Tapes Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing product demand among students is notably driving the correction tapes market growth, although factors such as the presence of numerous regional players may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the correction tapes market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.


  • There exists a high demand for correction tapes in schools and universities. The demand for paper and office stationery is high in educational institutions.
  • An increase in literacy rates and the growing adoption of correction tapes among students are contributing to the growth of the market.
  • Many students in lower grades have replaced pencils with pens. The increased use of pens contributes to a corresponding increase in the use of correction tapes and correction fluids.
  • The market vendors are focusing on introducing correction tapes that are customized for students belonging to different grades. 
  • Growing product adoption due to convenient usage is another key driver augmenting the correction tapes market growth.
  • In comparison to a variety of correction fluids and correction pens, correction tapes are characterized by ease of use.
  • PLUS Corporation has launched correction tapes that roll on smoothly. These tapes are characterized by convenient overwriting features.
  • Correction tapes (such as PLUS Corporation's MR2 correction tape) are easy to use and are gaining widespread popularity among students.

This correction tapes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Correction Tapes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • 3M Co.
  • ACCO Brands Corp.
  • BIC Group
  • Mr. Pen
  • Newell Brands Inc.
  • PLUS Corp.
  • SEED Inc.
  • Soni Polymers Pvt. Ltd.
  • Staples Inc.
  • Tombow Pencil Co. Ltd.


This statistical study of the correction tapes market encompasses successful business strategies deployed by the key vendors. The correction tapes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The correction tapes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Correction Tapes Market?


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39% of the market’s growth will originate from North America 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 advances will facilitate the correction tapes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Correction Tapes Market?


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The correction tapes market share growth by the education and home segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the correction tapes market size and actionable market insights on post COVID-19 impact on each segment.



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What are the Key Factors Covered in this Correction Tapes Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive correction tapes market growth during the next five years
  • Precise estimation of the correction tapes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the correction tapes market industry across North America, Europe, APAC, MEA, and South America
  • A thorough 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

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The correction tapes market growth will increase by $33.29 million during 2019-2024.
The correction tapes market is expected to grow at a CAGR of 6.90% during 2019-2024.
Technavio has segmented the correction tapes market by end user (Education and home and Office) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, MEA, and South America).
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. are a few of the key vendors in the correction tapes market.
North America will register the highest growth rate of 36.30% among the other regions. Therefore, the correction tapes market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the correction tapes market growth are:
  • Increasing product demand among students
The correction tapes market vendors should focus on grabbing business opportunities from the education and home segment as it accounted for the largest market share in the base year.
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