Wet Glue Labels Market: Will it regain its market share to top in next decade? #Sustainability
By: AKI Research & Consulting (OPC) Pvt Ltd
Wet-glue labels are one of the oldest technologies used for labelling as it only applies glues when it is used. It is very economical if used in high order volumes and also provides a variety of finishes. As there is declining trend in disposable containers and increasing usage of reusable beverage containers which has gained momentum in the last few years are supporting the environmental benefits as well as the demand for wet glue labels.
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According to AKI Research & Consulting, the global wet glue label market is estimated to have a CAGR of 3.57% during the forecast period 2020-2025 and will reach to 19,885.76 million square meters by volume in 2025.
Asia-Pacific is estimated to have the highest CAGR of 4.33% during the forecast period 2020-2025, followed by Middle-East & Africa, Europe, North America, and South America.
By end-user industry, Food & Beverage industry is estimated to account the largest market share of 55.92% by volume in 2020, followed by Home-care & Household durable, Health & Personal Care, Pharmaceuticals, etc.
The global wet glue labels market is highly competitive, but fragmented where local & international players play significant roles by region. The key players in wet glue labels or cut & stack labels market includes CCL Industries Corp., the GT4 Group, Royal Sens, Caribbean Label Crafts Ltd., Norman A Peroni Ltd., Heidelberg, AA labels, ACTEGA, Multi-Color Corporation, Darley Limited, Fort Dearborn, Huhtamaki Group, West Rock, Töpfer Kulmbach GmbH, Inland Packaging, Doran & Ward Packaging, Jindal Films etc. among others.
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AKI Research & Consulting (OPC) Pvt Ltd