Pressure sensitive labels: Key market research findings
- Broadening spectrum of applications of pressure sensitive labels
- Water-based technology segment accounts for a majority share of the market revenue
- Key vendors – Constantia Flexibles, Henkel, CCL, Lintec, 3M, and Inland
The industry experts at Technavio predict the global market for pressure sensitive adhesives to grow at a CAGR of more than 7% between 2016 and 2020. The growth of this market is fueled by the increasing applications of pressure sensitive adhesives in the food industry. A larger proportion of this demand will likely be accounted by the flexible plastic packaging segment. A large volume growth is expected from the fish, meat, poultry, snacks, and pet food, as these are evolving at a fast pace in terms of their use of advanced flexible packaging products. Furthermore, flexible packaging formats, such as microwavable pouches and peel-off lids, augment convenience for disposal and consumption of packaged products. APAC dominated the global pressure sensitive labels market in 2015 by accounting for more than 52% of the overall market share. In the coming years, factors such as growing demand from construction, packaging, furniture, automotive, and leather industries will contribute to the growth of the market in this region.
The new market research report from Technavio presents a breakdown and analysis of the pressure sensitive label segments based on the technology.
“The need for new end-user products is driving product enhancements in the pressure sensitive adhesives market. The advances in the global pressure sensitive adhesives market can be attributed to many changing trends, such as the increasing requirement for high-performance solutions that can be used in many applications. Brand proprietors and other formulators are facing difficulties for meeting shelf appeal while ensuring the consumer demands for food safety, sustainability, and cost efficiency,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
According to our analysts, the water-based technology segment will account for almost 62% of the overall market revenue to continue its dominance over the global pressure sensitive labels market. Water-based pressure-sensitive adhesives are mainly used for packaging and construction applications, for example, carpet and insulation installation, and adhesives in labels and stickers. Very few polymers of adequate molecular weight are used as adhesives that dissolve in water. Some of the solvent-based pressure-sensitive adhesives are rubber lattices, vinyl resins, and acrylic resins.
The key vendors in the global pressure sensitive adhesives market include Constantia Flexibles, Henkel, CCL, Lintec, 3M, and Inland. The vendors are investing substantially in R&D to keep in pace with the continuously changing market demands and to develop products that are compliant with the environmental and health regulations imposed by international and regional agencies, such as the EPA and REACH. In addition, they are adopting collaborations and agreements between the vendors as a strategy to enhance their market dominance. This strategy is mostly opted to reduce the distribution costs and also to establish their market presence.
A more detailed analysis is available in the Technavio report, Global Pressure Senstive Adhesives Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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