Label Adhesives Market Supplier, Manufacture, Boost Growth, Key Developments and
Posted by Marketresearchfuture on January 15th, 2020
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 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.
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