ID: MRFR/CnM/3094-HCR | 140 Pages | Published By Anshula Mandaokar on March 2023
Label Adhesives Market wherein label adhesive is a major component will constantly move ahead at a CAGR of 6.20% to reach nearly USD 52 billion by the end of 2030.
The Label Adhesives Market, wherein label adhesive is a major component, will constantly move ahead at a CAGR of 6.20% to reach nearly USD 52 billion by the end of 2030.
The on-growing demand of the food and packaging industries in the world has been predicted to generate more production, and it will boost the industry of label adhesives market over the estimated forecasting period of the upcoming future. The raising of the middle class increasing in economics is a primary factor in increasing the production of capabilities that to be led to an increase in the consumption of adhesive labels.
The global label adhesives market size is estimated to increase tremendously over the forecasting period of time due to the on-growing demand of the end-user. All the manufacturer in such industries uses tapes and labels for advertising these purposes. The adhesive labels are employed for the packaging of numerous products like boxes, bottles, vials, folding boxes, bottles and others. The label adhesives market key aspects depend on the tape and label adhesives which is escalating due to the packaging of various products for shipping and transportation. Especially the formulated label of adhesives are employed to increase the durability of raw materials as well as the products in various industrial applications. Several key aspects like the rising of various end-users, escalated government rules and regulation of food security, the increasing requirements of goods and other food industries in the developing nations, as well as the rising of emerging new technologies are driving the industry expansion during the upcoming forecasting period. All the business owners and manufacturers have hugely utilized this label to specify the mark of their products. The global label adhesives marketi s predicted to increase over the forecasting period of time as these labels increment, which can easily be driving the global industry for adhesives. Despite the positive market outlook, there are numerous primary factors that might be resisting the expansion of global label adhesives market share. The availability of alternative market products like non-adhesive labels and the printing technology surface reduces the use of adhesives, placing a direct impact on the additional cost of adhesives and separate machines for applying the adhesives.
The outbreak of the global pandemic has placed a huge impact on the global label adhesives market growth due to the supply chain falling, shortage of labor as well as the implementation of strict lockdown procedures. Due to the implementation of lockdown in several industries, the international borders have been a shield for several periods of time. Most of the industrial and manufacturing sectors have been facing a huge loss in terms of revenue as well as in the production section. The insufficient of proper raw materials have placed a huge impact on the global label adhesives market sectors. Due to the lockdown, international business and all commercial activities have been stopped for several periods of time, and as a result, the manufacturing industries and other large infrastructure facilities have been facing a huge loss due to the fallen production rate.
Chief Factors Existing in the Market:
Cumulative Evaluation of the market:
The production rate of the global market has raised tremendously just after the opening of international market sectors. During the lockdown period, most of the country has been bound to issue strict lockdown procedures for which the entire label adhesives market value and supply chain work have been stopped for several periods of time. The entire global market has been facing a huge loss, and as a result, due to the crash of global market share, the leading market investors, shareholders and other business owners have faced a huge loss in the revenue section. Most of the economical sectors are trying to encourage and give a chance to the industry key players to increase the production rate. But due to the stoppage of international borders, most of the international cargo vehicles didn’t reach their destination on time, and as a result, there was a shortage of products that happened in the industrial sectors.
According to the global label adhesives market analysis report, the entire market has been segmented into four sections such as type, technology, substrate type& geographical. In terms of the type section, the market has been classified into five parts permanent, removable, freezer, high temperature and repositionable. On the basis of the technology section, the label adhesives market has been classified into three patterns water-based, hot metal-based and solvent-based. With the substrate type, the entire market has been divided into three sections polyethylene terephthalate, metal container and polyolefin bottle. According to the geographical section, the market has been segmented into five parts Asia-Pacific, Europe, North America, South America and the Middle East & Europe.
Global Label Adhesive Market Share, by End Use 2016 (%):
The Asia-Pacific region holds the largest share of the global label adhesives market sectors. The entire market has been expected to maintain its production rate during the upcoming projected time. All the factors that are affecting more opportunities and label adhesives market key challenges in the developing economies, the growth of customers and packaging sectors, as well as the in making the large industrial infrastructure facilities, have also led this label adhesives market sectors to grow tremendously in the upcoming future. The leading manufacturing factories in European regions are also moving to increase the rate of production by using the most emerging new technologies. China and India have also given a chance to the new market players as well as the new industrial owners to improve their sectors by making a huge number of products to meet the challenge not only for the present but also for the future times. The global contribution of such industrial sectors ultimately increases the production of the global market that arrives new competition between the market sectors.
Competitive Intensity within the Industry:
The increasing requirement of the label adhesives in the automotive sectors, food and beverage industries and electronics are promoting the business sectors hugely in the present time. The Asia-Pacific region is now the largest producer of raw materials and other useful industrial accessories of the adhesive-making factories. The increasing rate of manufacturing work helps to boost the global label adhesives market, and as a result, the market has been fulfilling the demand of the global customer demand. According to this, most of the key market players have also come up in the market to meet the present challenge. Some of the major industrial players are:
Recent Markets Development:
The LECTA has announced to acquire the offset sheets business of the AVERY DENNISON CORPORATION in Europe, the Middle East and the North America region. However, the purchase comprised the market share of the Avery Dennison of FASSON and JAC branded label adhesive papers and films in EMENA, which is likely to enhance the label adhesive business of LECTA.
The entire analysis report offers a complete view and information that describes the important research on the high-performance label adhesive market. The market report also mentioned the current situation and the unique strategies that accept by the industrial new players in the present market. Impact of the global pandemic and how the industrial, as well as the other key manufacturing companies, faces serious issues have also been presented in this report. Furthermore, the report also presents some key industrial segments where a reader can easily find the difference and the entire classification of the regional sectors.
Key Industrial Segment:
|Market Size||52 billion USD 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||type, technology and substrate type|
|Geographies Covered||Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America|
|Key Vendors||Akzo Nobel N.V. (Netherlands), ITL Apparel Label Solution (U.K.), Henkel AG & Co. KGaA (Germany), 3M (U.S.), BOSTIK S.A (France), H.B Fuller (U.S.), Avery Dennison (U.S.), The Dow Chemical Company (U.S.), PPG Industries, Inc. (U.S.), Ashland Global Holdings Inc. (U.S.), and Lintec Corporation (Japan)|
|Key Market Opportunities||Needs and sentiments of buyers and consumers are changing while choosing their products.|
|Key Market Drivers||Increasing demand for informative labels on bottles containing food and beverages.|
The global label adhesives market is estimated to reach USD 52 BN by 2030, registering 6.20% CAGR during the assessment period (2020 – 2030).
Label adhesives is a highly non-reactive thermoplastic fluoropolymer. It is a specialty plastic used in various applications, wherein the high purity and inactive to solvents, acids, and bases are the desired properties. In the market PVDF is available in the form of fine powder grade, which is an essential ingredient in high-end paints for metals and cements.
Government agencies & regulatory reforms in all the developing economies for information on ingredients & date of mfg. & expiry.
Asia Pacific is the largest market for label adhesives market, globally.
ITL Apparel Label Solution (UK), Akzo Nobel N V (Netherlands), Henkel AG & Co. KGaA (Germany), BOSTIK S.A (France), 3M (US), H B Fuller (US), The Dow Chemical Company (US), Avery Dennison (US), PPG Industries, Inc. (US), Lintec Corporation (Japan), and Ashland Global Holdings Inc. (US), are some of the leading players in the global label adhesives market.