Market Research Future (MRFR) has published on the “Global Wet Glue for Labelling Market”.
The Wet Glue for Labelling market is estimated to register a CAGR of 6.41% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Wet Glue for Labelling market— Lappi, CCL Industries, Optimum Group, Asteria Group, KIC KRONES Internationale Cooperations, Chromaprint India Private Limited, All4Labels Global Packaging Group, Ahlstrom, Sappi, Siegwerk Druckfarben AG & Co. KGaA.
Market Highlights
The global Wet Glue for Labelling market is accounted for to register a CAGR of 6.41% during the forecast period and is estimated to reach USD 12,266.4 million by 2032.
Bio-based wet glues are wet glues that are derived from renewable and natural sources, such as plant or animal materials. Bio-based wet glues offer several advantages over conventional petroleum-based wet glues, such as lower environmental impact, better biodegradability, and higher compatibility with bio-based substrates. Bio-based wet glues can be used for various applications, such as paper goods, plastic container bonding, labeling, and bookbinding. Technological advancements in wet glue formulations have led to the development of new bio-based wet glues that have improved performance and functionality. For example, researchers at Purdue University have developed patent-pending adhesive formulations from zein, a protein found in corn, and tannic acid, that form bonds that grow stronger when underwater or exposed to wet conditions. These formulations could be used for the restoration of coral reefs and have applications in construction, biomedical, dental, food, cosmetics, and other fields.
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Segment Analysis
The global Wet Glue for Labelling market has been segmented based on Glue Type, Application, Material Type and Region.
The global Wet Glue for Labelling market segmentation, based on Glue Type has been segmented as Starch-Based, Protein-Based, Synthetic, Hybrid and Others. Among these, the Starch-Based segment is anticipated to dominate the global Wet Glue for Labelling market revenue through the projected period as estimated by MRFR analysts. Advancements in formulations of starch based adhesives has resulted in improvement in their performance, thereby making them competitive with synthetic adhesives in terms of factors such as durability, bonding strength, and resistance to environmental factors.
In the Application segment, the market is categorized as Brewery Labels, Mineral Water Labels, Soft Drink Labels, Wine and Spirits Labels, Pharmaceutical Labels, Personal Care and Cosmetics Labels, Food Labels, Others. Out of which the Brewery Labels segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. Wet glue labels can be applied to bottles of various shapes and sizes and this versatility is important for breweries that uses several types of unique bottle designs. Wet glue labels are durable and allows for high quality printing and designs which is important for brand differentiation in the competitive market.
The global Wet Glue for Labelling market segmentation, based on Material Type has been segmented as Paper Labels, Film Labels, Foil Labels, Others. Among these, the Paper Labels segment is anticipated to dominate the global Wet Glue for Labelling market. Advances in paper quality and wet glue adhesives have helped in improving the aesthetics appeal and durability of paper wet glue labels. Also, paper labels provides good surface for high quality printing and this important for consumer products where packaging of the product is crucial.
Regional Analysis
By Region, the Wet Glue for Labelling market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific Wet Glue for Labelling market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. Higher demand for packaged goods is creating demand for efficient labelling solutions for improving the presentation of the product. The beverage industry is witnessing significant growth in the region and since wet glue labels are commonly used in this industry due to their strong adhesion to plastic and glass bottles, its demand is increasing substantially.
Key Findings of the Study
- The global Wet Glue for Labelling market is expected to reach USD 12,266.4 million by 2032, at a CAGR of 6.41% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market.
- Based on Glue Type, the Starch-Based segment was attributed to holding the largest market in 2023.
- Based on Application, the Brewery Labels segment was attributed to holding the largest market in 2023.
- Based on Material Type, the Paper Labels segment was attributed to holding the largest market in 2023.
- Lappi, CCL Industries, Optimum Group, Asteria Group, KIC KRONES Internationale Cooperations, Chromaprint India Private Limited, All4Labels Global Packaging Group, Ahlstrom, Sappi, Siegwerk Druckfarben AG & Co. KGaA are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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