According to the latest market research study released by Technavio, the global glue applied label market is expected to grow at a CAGR of more than 3% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the global glue applied label market based on end-user:
Global glue applied label market share by end-user 2015 (billion square meters)
|
Beverage Industry |
10.61 |
|
Food Industry |
2.62 |
|
Healthcare Industry |
0.93 |
|
Chemical Industry |
0.49 |
Source: Technavio
Global glue applied label market by beverage products
The global glue applied label market by beverage products produced almost 11 billion square meters in 2015 and will reach a CAGR of around 5% by 2020. The growth in urbanization and rise in per capita income is increasing the demand for packaged food and drinks, leading to the progress of the market. The introduction of a range of options and booming demand for beverages across the globe will fuel the market growth of this segment. The market is witnessing a consumption rate of alcoholic and non-alcoholic beverages in the APAC, South America, and Eastern Europe countries.
“In 2015, the highest sales has been recorded for the beer and carbonated soft drink. The changing preferences of the consumers are encouraging vendors to introduce more products in the market. Such improvements in the beverage industry will have a positive impact on the glue applied label market. It was estimated that the glass packaging dominated the beer packaging dominated the market in 2015, raising the demand in the labeling industry,” says Sharan Raj, a lead analyst at Technavio for research on tags and labels.
Global glue applied label market by food industry
The global glue applied label market by food industry produced around 3 billion square meters in 2015 and will reach a CAGR of almost 4% by 2020. The growing demand for flexible plastics tubes, retort, and stand-up pouches for packaging of convenience food products is attributing to the growth of this market segment. Packaging is used for customer convenience, aesthetic appeal, product features, and material compatibility in the food industry. Rigid plastics, papers and paperboards, flexible plastics, metals, and glass are some of the commonly used packaging material for consumer goods. Technological innovations and amendments in the production process is enabling manufacturers to meet the demand for food products across the globe. Such advancements in the industry will promote the growth of the label market.
Global glue applied label market by healthcare industry
The global glue applied label market by healthcare industry produced around 1 billion square meters in 2015 and will reach a CAGR of more than 2% by 2020. The rising demand for easy self-medication procedures and OTC drugs is boosting the growth of this market segment. The companies are opting for new packaging options with unique features and labeling formats to increase their brand awareness and attract more consumers. Some of the products that use glue applied labels include bottles, blister packs, pre-fillable syringes, inhalers, vials, ampules, tubes, and pouches.
Global glue applied label market by chemical industry
The global glue applied label market by chemical industry produced around 0.49 billion square meters in 2015 and will reach a CAGR of more than 2% by 2020. The rising demand for products such as detergents, liquid wash, and other liquid chemicals will lead to the growth of this market. The increase in disposable income of consumers and evolving markets in the emerging countries will have a positive impact on this market segment.
The top leading vendors operating in the global glue applied label market are:
- CCL Industries
- Constantia Flexibles
- Huhtamaki
- WestRock
Other prominent vendors in the market include Americk Packaging, Darley, Fort Dearborn, Inland packaging, Jindal Films’, Multi-Color, Tapp Label, Töpfer Kulmbach, and WS Packaging.
A more detailed analysis is available in the Technavio report titled, ‘Global Glue Applied Label Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Pharmaceutical Labeling Market 2016-2020
- Global Labeling Equipment Market 2016-2020
- Global Pressure-sensitive Adhesives Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
