Global Glue Applied Label Market 2016-2020
Labels are made of different types of material, such as cloth, film, paper, and plastic and have different features, such as in-mold and pressure-sensitive adhesives. The glue applied labels hold a substantial percentage in the global label market, but because of the increase in demand for pressure-sensitive and sleeve labels, the glue applied label market will be affected. Glue applied labels have become popular in many retail outlets. With several new products being launched by vendors, packaging companies are being encouraged to adopt technologically advanced glue applied labels, which has resulted in the growth of the market.
Technavio’s analysts forecast the global glue applied label market to grow at a CAGR of 3.43% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global glue applied label market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glue Applied Label Market 2016-2020
Technavio recognizes the following companies as the key players in the global glue applied label market: CCL Industries, Constantia Flexibles, Huhtamaki, and WestRock.
Other Prominent Vendors in the market are: Americk Packaging, Darley, Fort Dearborn, Inland Packaging, Jindal Films, Multi-Color, Tapp Label, Töpfer Kulmbach, and WS Packaging.
Commenting on the report, an analyst from Technavio’s team said: “Demand for premium appearance labels will be a key trend for market growth. Vendors in the market are adding upscale enhancements such as embossing and thermo-chromatic inks, matte and soft-touch finishes, acid etch simulation, high-sheen metallic inks, and cold foil stamping to enhance the appearance of shrink sleeves. This is helping glue applied labels expand into new segments that traditionally have not utilized these types of labels. The increasing demand for premium packaging, especially for premium consumer products such as cosmetics and other household items, is attributed to developed and mature markets such as the US, Japan, and Western Europe.”
According to the report, integration of advanced technology will be a key driver for market growth. There are several new advances in technology and innovation in the global glue applied label market. End users are demanding labels that are easily readable and are highly durable. Apart from the traditional liners made of paper and synthetic paper, new innovations have emerged in the market. For instance, the use of mono directed oriented (MDO) films are used in cosmetic and personal care packaging products. MDO films used in labels provide high stiffness in machine direction, which results in better runnability of a printing press.
Further, the report states that packaging companies always face the problem of choosing the right combination of technology, materials, and cost. The high initial investment needed to manufacture glue applied labeling materials is a major challenge faced by vendors in the glue applied label market. The new designs and materials required to develop these products have increased the overall manufacturing and production costs. The machines required for developing glue applied labels of varied sizes and designs are also expensive.
CCL Industries, Constantia Flexibles, Huhtamaki, and WestRock.Other Prominent Vendors in the market are: Americk Packaging, Darley, Fort Dearborn, Inland Packaging, Jindal Films, Multi-Color, Tapp Label, Töpfer Kulmbach, and WS Packaging.