Label Adhesive Market is projected to reach USD 12.97 billion by 2022
NEW YORK, June 14, 2017 /PRNewswire/ -- Highlights
· The label adhesive market is projected to grow at a CAGR of 4.91% between 2017 and 2022
· The label adhesive market is projected to reach USD 12.97 billion by 2022, at a CAGR of 4.91% between 2017 and 2022.
· The demand for label adhesive has increased in recent years due to their increased consumption in the Asia-Pacific region.
· The growth of the label adhesive market is largely driven by the increased demand from the packaging industry.
· Increasing middle class population in the emerging economies is one of the important drivers for the growth of the label adhesive market, as increasing demand for packed beverages and cosmetics packaging and has led label adhesive companies to increase their production capacities.
· Among substrates type, the PET segment is leading the label adhesive market and is projected to grow at the highest CAGR between 2017 and 2022
· The PET user segment is leading the label adhesive process market and is projected to grow at the highest CAGR during the forecast period, 2017 to 2022.
· As economies across the globe are becoming stable and there is an improvement in the standards of living in the emerging economies, there is an increase in label adhesive consumption across the globe.
· PET bottles are excellent cold crack resistant and have a very fast set speed for labels which reduces or eliminates label flagging and swimming.
· The three major packaging applications of PET are containers (bottles, jars, and tubs), semi-rigid sheet for thermoforming (trays and blisters), and thin oriented films (bags and snack food wrappers).
· The Asia-Pacific label adhesive market is projected to grow at the highest CAGR during the forecast period
The label adhesive market is projected to grow at a CAGR of 4.91% between 2017 and 2022
The label adhesive market is projected to reach USD 12.97 billion by 2022, at a CAGR of 4.91% between 2017 and 2022. The demand for label adhesive has increased in recent years due to their increased consumption in the Asia-Pacific region. The growth of the label adhesive market is largely driven by the increased demand from the packaging industry. Increasing middle class population in the emerging economies is one of the important drivers for the growth of the label adhesive market, as increasing demand for packed beverages and cosmetics packaging and has led label adhesive companies to increase their production capacities. Manufacturers of label adhesives are trying to cater to this increased demand for label adhesive, which, in turn, is leading to the expansion of their businesses.
Among process, the pressure sensitive adhesive segment of the label adhesive market is projected to grow at the highest CAGR during the forecast period
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 these are easily removable and recyclable as compared to conventional labels. Clean room labels, high-performance labels, RFID labels, security & smart labels are the trending innovations in the PSA market and are expected to lead to an increase in the demand for PSAs.
Among substrates type, the PET segment is leading the label adhesive market and is projected to grow at the highest CAGR between 2017 and 2022
The PET user segment is leading the label adhesive process market and is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. As economies across the globe are becoming stable and there is an improvement in the standards of living in the emerging economies, there is an increase in label adhesive consumption across the globe. PET bottles are excellent cold crack resistant and have a very fast set speed for labels which reduces or eliminates label flagging and swimming. The three major packaging applications of PET are containers (bottles, jars, and tubs), semi-rigid sheet for thermoforming (trays and blisters), and thin oriented films (bags and snack food wrappers).
The Asia-Pacific label adhesive market is projected to grow at the highest CAGR during the forecast period
The Asia-Pacific label adhesive market is projected to grow at the highest CAGR during the forecast period due to the rising demand for label adhesive from emerging economies, such as India, China, South Korea, Vietnam, and Taiwan, among others. Improving standards of living, growing populations, and rising per capita incomes are the factors expected to drive the growth of the Asia-Pacific label adhesive market during the forecast period. China leads the production of label adhesive in the Asia-Pacific region due to low tax rates in the country, along with the presence of low-cost labor and easy availability of raw materials.
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 are the leading players operating in the label adhesive market.
Read the full report: http://www.reportlinker.com/p04933550/Label-Adhesive-Market-by-Process-Technology-Substrate-Type-Application-Region-Global-Forecast-to.html
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