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.
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.
·
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.
Get Complete Research Report by
Market Research Report@ https://www.marketresearchfuture.com/reports/label-adhesives-market-4509
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