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.
The Global Label Adhesive Market is primarily driven by increasing demand for informative labels on bottles containing food and beverages. Apart from this, needs and sentiments of buyers and consumers are changing while choosing their products. Government agencies and regulatory authorities in almost all the developing and mature economies compelled the sale of all food items with basic nutritional information. The major end users of Adhesive Labels includes food & beverages industry, pharmaceuticals companies, personal care & cosmetics, and other retail products and they are steadily growing with the increasing and emerging middle class population. The Global Label Market, wherein label adhesive is a major component, will constantly move ahead at a CAGR of 5.4% to reach nearly USD 52 billion by the end of 2023. This is projected to drive the demand for the product in the Global Label Adhesive Market in coming years. Furthermore, since attractive packaging and labeling appealing to the consumers, manufacturers of almost all consumer goods are increasingly adopting the use of labels, which is expected to help push growth of the market during the review period. However, some bottlenecks are needed to be addressed such as, the formulation and implementation of new regulations, such as Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) in Europe and various other directives to control solvent emissions are expected to impact the growth of the global label adhesive market. On the other hand, the use of printed, flexible, and rigid packaging eliminates the need for the label, which may affect the market growth negatively over the forecast period.
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The Global Label Adhesive Market is spanned across five major regions: Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is the fastest growing market and accounts for over 40% share of the Global Label Adhesive Market. Growth of this regional market is primarily driven by increasing use of packaged items starting from food & beverages to other retail product. Europe is another substantial region in the Global Label Adhesive Market. Demand for the material from this region is majorly pulled by major end use industries such as food & beverages, and pharmaceuticals. North America is closely following Europe to be one of the significant region in the Global Label Adhesive Market on account of increasing use of packaged and canned food products. Other regions in the Global Label Adhesive Market are the Middle East & Africa and Latin America. Among them the market of Label Adhesive in Latin America is estimated to grow at a considerable CAGR owing to pacifying economic and political scenario. The Middle East & Africa accounts for the least share of the Global Label Adhesive Market which is expected to witness a significant changes in the coming years.
The Global Label Adhesive Market is segmented on the basis of Type, Technology, Substrate Type, and Region.
Based on the Type, the market is segmented into permanent, removable, freezer, high temperature, and repositionable.
On the basis of Technology, the market is segmented into water based, hot metal based, and solvent based.
Based on the Substrate Type, the market is divided into polyethylene terephthalate (PET), metal container, and polyolefin bottle.
Geographically, the Global Label Adhesive Market is segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Among them, Asia Pacific is estimated to grow at the highest CAGR during the forecast period.
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