Label Adhesive Market

The Label Adhesive Market is projected to grow from an estimated USD 10.21 Billion in 2017 to USD 12.97 Billion by 2022, at a CAGR of 4.91% during the forecast period.


Leading players in the label adhesive market include 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), and ITL Apparel Label Solution (U.K.), among others.


Label Adhesive Market, by Process

Pressure Sensitive Adhesive

Glue Applied

In-Mold

Others


Label Adhesive Market, by Technology

Water-based

Hot Melt-based

Solvent-based

Others


Label Adhesive Market, by Substrate Type

PET Bottle

Metal Container

Glass Bottle

Polyolefin Bottle

Other


Label Adhesive Market, by Application

Permanent Adhesive

Freezer Adhesive

High Temperature Adhesive

Peelable Adhesive


Label Adhesive Market, by Region

Asia-Pacific

Europe

North America

South America

Middle East & Africa


The global label adhesive market is projected to reach 4.83 Million tons by 2022, at a CAGR of 4.45% between 2017 and 2022, by volume. In terms of value, the market size for label adhesive was USD 9.75 Billion in 2016, and is projected to reach USD 12.97 Billion by 2022, at a CAGR of 4.91% during the same period. The growing packaged food industry is expected to generate demand and drive the label adhesive market during the forecast period. The emerging middle class in the emerging economies is one of the important drivers for the growth of the label adhesive market, as increasing consumption is leading packaging industry manufacturers to increase their production capacities, which in turn, is leading to an increase in the consumption of label adhesive. The label adhesive market has been segmented on the basis of process, technology, substrates type, application, and region.


The label adhesive market is segmented on the basis of technologies, such as water-based, hot-melt based, and solvent-based among others. The water-based technology segment of the label adhesive market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The growth of this segment of the market can be attributed to various properties, such as low VOC content, and being less expensive as compared to other technologies. Water based label adhesives tolerate wide temperature ranges, but their bonding properties may break down over time.


The label adhesive market is segmented on the basis of process into pressure sensitive adhesive, glue applied, and in-mold, among others. The PSA segment of the label adhesive market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The growth of this segment of the market can be attributed to the increased use of PSA labels as they are easily removable and recyclable as compared to conventional labels. Clean room labels, high-performance labels, Radio-Frequency Identification (RFID) labels, security & smart labels are the trending innovations in the PSA market and are expected to lead to an increase the demand for PSAs.


Among substrates type, the PET bottle segment of the label adhesive market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The demand for PET bottles as substrate is increasing because PET offers high adhesion and heavily-coated labels which are highly cold crack resistant and have a very fast set speed which reduces or eliminates label flagging and swimming.


The Asia-Pacific label adhesive market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific label adhesive market can be attributed to the rising demand for label adhesive from economies of the Asia-Pacific region, which include India, China, South Korea, Vietnam, and Singapore, among others. Moreover, factors such as the improving standards of living and rising per capita incomes in the countries of the Asia-Pacific region are also fueling the growth of the Asia-Pacific label adhesive market.


Modern technology, smart innovation, and demographic shifts are driving the label adhesive market.


The formulation and implementation of new regulations, such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and various other directives to control solvent emissions, globally are expected to impact the growth of the label adhesive market. Moreover, the Euro Zone crisis of 2012 has also affected the label adhesive market across the globe, as several companies manufacturing label adhesive have reduced their production rates as a part of their cost cutting strategy to survive in the market.


Source:https://www.marketsandmarkets.com/Market-Reports/label-adhesive-market-251519003.html?gclid=EAIaIQobChMI_u2Lp_3H4wIVA7aWCh2htgyhEAAYASAAEgJQtvD_BwE