Wet Glue Labels Market: Will it regain its market share to top in next decade? #Sustainability

By: AKI Research & Consulting (OPC) Pvt Ltd
 
April 1, 2021 - PRLog -- For a decade, there has been significant change in usage of label technology. The label technology which is mostly used in current market includes PS (pressure sensitive) or self-adhesives, wet glue, sleeve, in-mold, etc. There has been a direct shift of wet glue labels (about 48% of the global labels market by volume in 2010 to 29% by volume in 2020) to PS labels (about 33.6% of the global labels market by volume in 2010 to more than 52% by volume in 2020) due to ease of application, variety of face stock and adhesives used, flexibility, security, advanced VIP ability, etc. In the current market, the growth rate for in-mold labels is the highest i.e. 5.4% (y-o-y 2019) among all, and accounts only about 2.2% of the total global labels market.
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.

Kindly read the detailed blog post with global market forecast graph here: https://www.akiresearch.com/post/wet-glue-labels-market

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.

For full custom market analysis reports on Labels market by region/countries, by end-user industries, by material types or facestock, market share analysis, etc. reach us at sales@akiresearch.com

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