Global Glue-applied Labels Market: Snapshot
The global glue-applied labels market is foreseen to be advantaged by key and profitable trends such as the growing demand for premium appearance labels. Glue-applied labels could advent into newer segments in the next few years on account of the addition of upscale enhancements by market vendors, such as acid etch stimulation, soft-touch and matte finishes, and thermo-chromatic and embossing inks. The mounting demand for premium packaging could bode well for the growth of the market since such types of packaging are used for premium consumer offerings such as household items and cosmetics. Technological and innovative advancements could be a vital factor propelling the demand for glue-applied labels.
As per the statistics of seasoned analysts, the global glue-applied labels market could attain a valuation of US$25.3 bn by the end of 2022 at a CAGR of 5.3%. In 2017, the market exhibited its valuation of US$19.6 bn.
Paper Glue-applied Labels to Flaunt Staggering Share in 2022
The world glue-applied labels market is envisaged to be classified into paper, polypropylene, polyethylene, and polyethylene terephthalate (PET), according to face stock material. Out of these markets, paper could sustain a lion’s share of 56.2% by the end of the forecast timeframe. However, the share could showcase a slight drop from that achieved in 2017. The paper market for glue-applied labels is anticipated to garner an absolute revenue growth of US$0.5 bn between 2017 and 2022. This growth could be higher than that of other segments in the face stock material category.
In view of segmentation by layer type, the world glue-applied labels market is envisioned to be segregated into laminated and non-laminated. On the basis of application, the market could witness a classification into food and beverage, pharmaceutical, tracking, logistics, and transportation, home and personal care, semiconductor and electronics, retail labels, and other products.
APEJ to Take Driver’s Seat with Leading Share in Final Forecast Year
Geographically, the international glue-applied labels market is prognosticated to witness the dominance of Asia Pacific except Japan (APEJ) by 2022 end. Apart from being expected to be one of the most attractive regions of the market, APEJ could secure its lead while growing at an 8.0% CAGR. It is projected to be followed by North America, although forecasted to expand at a lower CAGR, with a US$5.8 bn predicted to be earned by the concluding forecast year. Next on the list could be Europe with a marginally lower revenue but a higher CAGR than those of North America expected to be posted by 2022.
However, Japan and the Middle East and Africa (MEA) are foretold to not impress much with their revenue share in the international glue-applied labels market. Japan could create an absolute revenue prospect of US$0.1 bn and the MEA could rise at a 4.1% CAGR during the forecast period.
Some of the prominent companies in the worldwide glue-applied labels market could be Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Henkel, Lintec, Inland Labels, 3M, and WS Packaging Group, Inc.
Global Glue-applied Labels Market: Overview
The global glue-applied labels market is envisioned to secure an impressive position and sustainable percentage share while operating in the worldwide labels industry. This could be due to the rise in the demand for sleeve and pressure-sensitive labels. Retail outlets are expected to continue to popularize glue-applied labels in the coming years. The growth of the market could be fortified with the massive launch of new products by different companies encouraging packaging firms to adopt technologically developed glue-applied labels.
In this report, the authors provide a distinct evaluation of the global glue-applied labels market on the part of key factors such as growth drivers and deterrents, vendor landscape, segmentation, and future projections. Statistically, this account of the market could help readers to take accurate and intelligent decisions in their individual businesses. With the help of this comprehensive guideline, players are expected to take confident strides toward their success in the market.
Global Glue-applied Labels Market: Dynamics
The world glue-applied labels market is envisaged to collect ample of growth prospects on its way through to the forecast period 2017–2022. Opportunities could take shape on the back of the rise in the substitution of metal cans and glass bottles with plastic bottles. However, the growth of the market could be challenged by the decent growth of alternative forms of packaging labels discouraging the demand for glue-applied labels. Nevertheless, the escalation in the demand for sustainable labels could be one of the trends crucial for the growth of the market.
In order to sustain their brand in the world glue-applied labels market, companies are foreseen to opt for novel packaging options with unique labeling formats and features.
Global Glue-applied Labels Market: Segmentation
The international glue-applied labels market is prognosticated to be classified according to three categories, viz. face stock material, layer, and application. In terms of face stock material, the market could see a classification into paper, polypropylene, polyethylene, and polyethylene terephthalate (PET). Amongst these segments, paper is anticipated to strike gold with its larger share of US$14.2 bn by the end of 2022.
With respect to type of layer, the international glue-applied labels market could be segmented into laminated and non-laminated. As per application sector, the market is predicted to be segregated into food and beverage, pharmaceutical, tracking, logistics, and transportation, home and personal care, semiconductor and electronics, retail labels, and other products.
In view of regional segmentation, Asia Pacific except Japan (APEJ) is prophesied to hold a greater share in the international glue-applied labels market. By the completion of the final forecast year, APEJ could garner a revenue of US$9.6 bn. Japan and the Middle East and Africa (MEA) could be on the slower side of the market. However, there could be opportunities prevailing in North America, Europe, and Latin America, besides APEJ.
Global Glue-applied Labels Market: Competition
The worldwide glue-applied labels market is expected to incorporate leading players such as Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Henkel, Lintec, Inland Labels, 3M, and WS Packaging Group, Inc.