The global glue-applied labels market is forecasted to largely benefit from the rising adoption of small-sized polyethylene terephthalate (PET) bottles used for toiletries, cosmetics, and carbonated soft drinks. The increasing demand for highly durable and readily available labels is predicted to support the growth of new innovations in the market. Besides shrink sleeves, complex films could be extensively used for labeling purposes in the coming years. Avery Dennison already introduced its curvy film technology to apply labels on curved and extremely complex container shapes.
The global glue-applied labels market is envisioned to attract a revenue earning of US$25.3 bn by the completion of 2022 after progressing from a US$19.6 bn achieved in 2017. It is estimated that the market could rise at a 5.3% CAGR.
The international glue-applied labels market is foreseen to draw a whole lot of demand from the strengthening trend of esthetically-appealing offerings among consumers. As a result, food and consumer packaged product manufactures could be compelled to focus on visually appealing labels and ease of use packages. Moreover, manufacturers are expected to make constant innovations in labeling solutions by providing customized solutions or designing attractive labels.
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The international glue-applied labels market is projected to be cataloged into three categories, i.e. face stock material, type of layer, and application sector. In respect of face stock material, paper could exhibit a colossal share in the market while growing at a CAGR of 4.8%. Other segments such as polypropylene, polyethylene, and PET could also contribute toward the growth of the market under the face stock material category.
In terms of layer, there could be two segments, viz. laminated and non-laminated. On the basis of application, the international glue-applied labels market could be segregated into food and beverage, pharmaceutical, tracking, logistics, and transportation, home and personal care, semiconductor and electronics, retail labels, and other products.
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