Market Insights:
The global Label Adhesives Market is growing
pervasively mainly due to the augmented demand for adhesive labels across
industries. The regulatory requirement
of informative labels on bottles that especially contain food items, medicines,
and personal care & cosmetics are escalating the market on the global
platform, driving the demand for these adhesives.'
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Acknowledging the exponential accruals, the
market is witnessing currently, Market Research Future (MRFR) in its recently
published study report asserts that the global label adhesives market is
expected to reach to USD 52 BN by 2023, registering a CAGR of 5.4% throughout
the forecast period (2018 and 2023).
Label adhesives being a vital component in
labeling, it is expected to witness increasing traction in the years to come.
Additional factors that contribute to the increase of the market include the
improving economic conditions that are increasing the consumers’ purchasing
power and the ever-increasing population, worldwide, that is dictating the
demand for the quality healthcare.
Moreover, factors such as rapid industrialization
and urbanization foster the growth of the market.
Since
the attractive packaging and labeling appeals to the consumers, manufacturers
of the consumer goods are increasingly adopting the use of labels, which as a
result, is positively impacting the growth of the market.
On the other hand, factors such as the use of
printed, flexible, and rigid packaging that eliminates the need for the label
is expected to impede the growth of the label adhesives over the review
period. Also, factors such as the price
volatility and the demand and supply gap of raw materials required for the
production of label adhesives are acting as major headwinds impeding the growth
of the market. Nevertheless, the rapidly quadrupling industries such as food
& beverages and pharmaceuticals will support the growth of the market,
pushing up the market to furthered heights.
Top 10 Key Players:
·
ITL
Apparel Label Solution
·
Akzo
Nobel N.V.
·
Henkel
AG & Co. KGaA
·
H.B
Fuller
·
3M
·
BOSTIK
S.A
Industry/ Innovation/
Related News:
February 27, 2019 --– UPM Raflatac, Inc. (the US), one of
the leading global adhesive company developing, manufacturing, and supplying
pressure sensitive labeling solutions launched new security labeling materials
especially for the pharma industry. The company mentioned that it is expanding
its range of labeling materials to support pharmaceutical companies to improve
patient safety through secure and tamper-evident packaging.
Global Label Adhesives Market – Segments
For enhanced understanding, the market has
been segmented into four key dynamics: -
By Type : Permanent,
Freezer, High Temperature, Removable, and Repositionable among others.
By Technology : Water-based, Hot Metal-based,
and Solvent-based.
By Substrate Type : Metal Container, Polyethylene
Terephthalate (PET), and Polyolefin Bottle among others.
By Regions : North America, Asia Pacific, Europe, and the
Rest-of-the-World.
Label Adhesives Market – Regional Analysis
The Asia Pacific region, heading with the
increasing use of packaged items in food & beverages and other retail
products, dominates the global label adhesives market, accounting for over 40%
of the market share. Factors that are
primarily driving the growth of the market include the rapid industrialization
and the ever-increasing population that is dictating the demand in the F&B
sector.
The improving economy in the region is playing
a vital role in the growth of the market, improving the consumers’ purchasing
power. Rapidly developing countries such
as India and China perceive a substantial increase in various sectors such as
packaging which, in turn, substantiates the growth of the label adhesives
market in the region.
The label adhesive market in the European
region accounts for the second largest market, globally. The augmenting demand
for these adhesives this region is majorly pulled by major end-use industries
such as food & beverages, and pharmaceuticals among others.
The North America label adhesive is emerging as
a promising market, globally, following the European market closely. Factors
such as the increasing use of packaged and canned food products are driving the
growth of the regional market. Moreover, the burgeoning pharmaceutical industry
led by a well-established healthcare sector drives market growth in the region.
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