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Sanskar

Keen Learner & Explo... • 9m

This $63 billion dollar market is expected to grow at a compound annual growth rate (CAGR) of around 5-6% from 2023 to 2030. And by 2028, this market is projected to reach $90 billion or more. This product is used in most of the important sectors, From Electronics to Medical to Automotive. Your life will be somewhere empty if this doesn't exist. Any guess of the product? Yes Indeed I am talking about "Tapes" - surprised right? Well this small thing is always around us from the furniture you're sitting to the electric wires of your house this is everywhere and you see it daily in your cupboard but never noticed and understand it's significance. Tape consumption Daily: Approx 34,520 tonnes Monthly: Approx 1.05 million tonnes Annual: Approx 12.6 million tonnes In FY2023 3M (one of the largest and most diversified companies in the tape industry and is present in every segment) reported a total revenue of approx $34.2 billion. with net income of approx $4.8 billion. Thank You.

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