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.
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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 Size 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.
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.
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