Label Adhesives Market Forecast to
2023:
Label Adhesive is a sticky substance applied on small piece of
paper, which is designed to be affixed to another larger piece of paper or
other object. The product is, essentially, used in self-adhesive labels, which
is a three-layer paper structure with a Label Adhesive sandwiched between two
different types of papers. The most familiar type of label is the postage stamp
developed during nineteenth century. Six important types of Label Adhesives are
present in the market depending upon their applications, such as permanent,
removable, freezer, high temperature, and repositionable. The major applications
of such adhesives is in labels applied on different types of substrate of
material namely, PET, metal, or polyolefin bottles.
The growth of this market is due to
factors like increasing demand for informative labels on bottles containing
food and beverages. Requirements of buyers and sellers today regarding product
choice are different today. Today, the laws from government and regulatory
authorities also make it compulsory for food brands to list basic nutritional
information on the product packs for which, labels are required. The global
market for label adhesives can rise during the forecast period with
manufacturers of consumer goods increasingly adopting the use of labels because
attractive packaging and labeling are visually appealing to consumers.
However, the bottlenecks that can
hamper the market growth include the formulation and implementation of new
regulations, like Registration, Evaluation, Authorization, and Restriction of
Chemicals (REACH) in Europe. Some other directives to control solvent emissions
are likely to affect market growth negatively. Lastly, with many manufacturers
using flexible, printed, and rigid packaging the need for the label gets
eliminated which can hurt the market.
The global label adhesives market
has been segmented on the basis of end users, type, substrate type, technology,
and lastly, region. On the basis of end users, this market has been segmented
into food & beverages industry, personal care & cosmetics,
pharmaceuticals companies, and other retail products. The market on the basis
of end users is growing with the increasing and emerging middle-class
population which has high disposable income today. Middle-class population
often uses labels to mark their boxes while planning to move into a new house.
By type, the market has been
segmented into the freezer, high temperature, permanent, removable, and repositionable.
Based on substrate type, the market has been segmented into polyethylene
terephthalate (PET), metal container, and polyolefin bottle. Polyethylene
terephthalate is the most common thermoplastic polymer resin of the polyester
family. It is useful for containers for liquids and foods, fibers for clothing,
and thermoforming for manufacturing. When combined with glass fiber, it is
useful for engineering resins. The technology-based segmentation segments the
market into hot metal based, water-based, and solvent-based.
The regional segmentation of the
global label adhesives market segments the market into the regional markets
namely Asia Pacific, Europe, Latin America, the Middle East & Africa (MEA),
and North America. According to the report, Asia Pacific is expected to emerge
as the fastest growing market during the forecast period with a 40% share. In
the region, the market growth is primarily driven by increasing use of packaged
items starting from food & beverages to other retail product. Among all
regional markets, the Asia Pacific is expected to rise with the highest CAGR
during the forecast period. The crucial country-specific markets in this region
are Australia, China, India, Japan, and New Zealand, followed by the rest of
the Asia Pacific region.
Europe is another substantial
regional market. In this region, the market is driven by demand for the
material by industries like food & beverages, and pharmaceuticals. In this
region, the most important country-specific markets are France, Germany, Italy,
Poland, Russia, Spain, and the United Kingdom (UK). North America is coming
next after Europe to be one of the significant regional markets. The European
market is bigger as its population is more than North America. The highest
demand for label adhesives in North America comes from manufacturers offering
packaged and canned food products. In this region, the majority of key players
in the market are based in the United States of America (USA). Another key
market in this region is Canada.
Among Latin America and MEA region,
the Latin American market is expected to grow at faster due to pacifying
economic and political scenario. The key country-specific markets in this
region are Argentina, Brazil, and Mexico, followed by the rest of Latin
America. In the MEA region, the market is slow due to political instability.
The key country-specific markets in this region are Bahrain, Israel, Kuwait,
Oman, Qatar, Saudi Arabia, Turkey, United Arab Emirates (UAE), and North
Africa.
Global Key Players:
ü 3M
ü Akzo
Nobel N.V.
ü Ashland
Global Holdings Inc.
ü Avery
Dennison
ü BOSTIK
S.A
ü The
Dow Chemical Company
ü H.B
Fuller
ü Henkel
AG & Co. KGaA
ü ITL
Apparel Label Solution
ü Lintec
Corporation
ü PPG
Industries, Inc.
Latest Industry News
- Officially
marking its debut in the craft beer labeling market, Mactac Roll Label has
launched a new line of all-temperature, pressure-sensitive paper, and film
craft beer labels. 23 AUG 2018
- At
Labelexpo Americas 2018 event, Taghleef Industries launched new
multi-layer barrier films called PPFB and PPGB. These films are for
industrial labeling applications that require an extreme barrier to
staining associated with tire, battery and candle labeling. 5 SEP 2018
Intended Audience
- Label Adhesive
Manufacturers
- Traders and Distributors
of Label Adhesive
- Research and Development
Institute
- Potential Investors
- Raw Material Suppliers
- National Laboratory
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