Global Label Adhesive Market was valued at USD 10.97 Bn in 2019 and is expected to reach USD 15.78 Bn by 2027 at a CAGR of 4.65% over the forecast period 2020-2027.
Global Label Adhesive Market
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Label Adhesive Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Label Adhesive Market Dynamics
Labels Adhesives possess special characteristics such as tolerance of extreme temperatures, moisture resistance, or the ability to withstand harsh chemicals. ¬Adhesive labels were introduced in the 1930s, numerous innovations have been made in the substrates, inks, and adhesives used in the production of labels. These adhesives are made of acrylic, rubber. Label adhesives have a wide variety of uses including identi¬fication, information, tracking, and inventorying of goods across many markets and industries. Specially formulated label adhesives are used to enhance the durability of materials and products in various applications. Various factors such as growing demand from various end-users, increasing government regulations pertaining to food safety, increasing demands for the consumer goods in developing economies, and increasing R&D and technological advancements are driving the market growth over the forecast period.
However, factors such as environmental regulations regarding volatile organic compounds, high labour costs in developed countries, fluctuation of raw materials’ prices are restraining the market growth over the forecast period.
Global Label Adhesive Market is segmented by process, technology, substrate type, application, and by region. By process, pressure-sensitive adhesives held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Pressure-sensitive adhesives are divided into two categories on the basis of their chemical composition namely ‘rubber-based’ and ‘acrylic adhesives’. The chemical makeup of the product is a major contributor to the performance of the product. Pressure-sensitive adhesives are used on disk drives, consumer goods labels, medical products, architecture, and transportation. They have a broad performance range, from ultra-removable to ultra-high adhesion. These labels are ideal for demanding applications in the electronics, medical, industrial, graphics, and construction. and consumer goods industries. Pressure-sensitive labels are easily removable and recyclable as compared to other labels. Furthermore, tending innovations in pressure-sensitive adhesives such as smart labels, radio frequency identification are expected to create lucrative opportunities for PSA segment over the forecast period.
By geography, APAC held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Factors such as growing demand from developing economies, growing packaging and consumer sector, growing industrialization and middle-class population, rising disposable income, and rising consumption of packed products are driving the market growth in this region. Moreover, major European players of label adhesive are shifting to emerging countries such as India and China to expand their production capacities. These expansions are expected to create lucrative opportunities over the forecast period. APAC is followed by North America and Europe with xx% and xx% of market share over the forecast period.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Major Key players such as Avery Dennison (U.S.), Henkel AG & Co. KGaA (Germany), 3 M (U.S.), BOSTIK S.A (France), H.B Fuller (U.S.), The Dow Chemical Company (U.S.), Herma (Germany), UPM Raflatac (U.S.) and Ashland Global Holdings Inc. (U.S.) are dominating the global label adhesives market. These key players held more than 65% of global market share in 2019 and is expected to keep its dominance over the forecast period. These players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Label Adhesive Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Label Adhesive Market dynamics, structure by analyzing the market segments and project Global Label Adhesive Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Label Adhesive Market make the report investor’s guide.
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Global Label Adhesive Market by Process
• Pressure-sensitive Adhesive
• Glue Applied
Global Label Adhesive Market by Technology
• Hot Melt-based
Global Label Adhesive Market by Substrate Type
• PET Bottle
• Metal Container
• Glass Bottle
• Polyolefin Bottle
Global Label Adhesive Market by Application
• Permanent Adhesive
• Freezer Adhesive
• High Temperature Adhesive
• Peelable Adhesive
Global Label Adhesive Market by Region
• North America
• South America
• Middle East & Africa
Global Label Adhesive Market Major Players
• PPG Industries, Inc. (U.S.)
• Akzo Nobel N.V. (Netherlands)
• Avery Dennison (U.S.)
• Henkel AG & Co. KGaA (Germany)
• 3 M (U.S.)
• BOSTIK S.A (France)
• H.B Fuller (U.S.)
• The Dow Chemical Company (U.S.)
• Herma (Germany)
• UPM Raflatac (U.S.)
• Ashland Global Holdings Inc. (U.S.)
• Lintec Corporation (Japan)
• ITL Apparel Label Solution (U.K.)
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