The importance of labels is enormous for the product manufacturers as well as for the end users. Literally, the label provides the legitimacy that the genuine products that have been made by the product manufacturer will extend the end users. The self-adhesive labels market size is expanding as besides a peek into the label gives the end user the guarantee that they are acquiring the accurate products that they have disbursed for.
The global self-adhesive labels market was valued at USD 46.88 billion in 2021 and is expected to grow at USD 73.97 billion with a CAGR of 5.3% during the forecast period 2030.
Types of Self-Adhesive Labels
- Hot melting adhesive-based labels: As the name indicates, these self-adhesive labels are reactive to heat and gravitate towards melting away. Fundamentally, a particular kind of rubber is used as the adhesive for these labels. These labels are uniformly responsive to UV rays of the sun. However, they are ideal for lumpy surfaces where they get attached easily and stay as it is if subjection to UV rays and heat could be circumvented.
- Acrylic adhesive-based labels: The predominant element that renders the adhesive is acrylic. Therefore, dissimilar to rubber-based adhesive labels, they are not sensitive to UV rays or heat. Further, these acrylic adhesive-based labels are extremely productive for a smooth finish, such as the surface of cosmetics, medicine, toiletries, bottles, and containers. There is, in addition, the benefit of this variety of self-adhesive labels. The unyielding feature of the adhesives existent in these labels renders them simple to apply by placing minute pressure on the surface.
- Removable adhesive labels: The operational attribute of this adhesive label is that it stays forcibly adhered onto the surface where it is applied to slight pressure. But, the adhesive grasp of these labels is not as unyielding as that of the other two varieties of labels. Another attribute for this bracket of labels is that their adhesive grade relies is susceptible to heat and the quality of the surface on which they are smeared.
Growth Drivers
Growing worldwide demand for packaged meals, electronics, clothes, durable products, and non-durable commodities is pushing the demand for the market. The self-adhesive labels market sales are soaring as the global population escalates, so makes the demand for consumer goods and daily product usage pushes the demand for industry proliferation even further. The escalation in per capita voluntary income surges up the demand for FMCG goods, growing adhesive label demand.
Release Linear Ruled the Market
Over the forecast period, the release linear is anticipated to evolve at the highest industry share. Pressure-sensitive label release linear prevents them from sticking to unsolicited surfaces. Release linear type labels are utilized for several sectors in packaging and labeling. Paper is utilized in approximately 90% of release linear due to its attainability and low costs. The enduring label utilizes film release linear that is more enduring than paper linear but costlier.
Geographic Penetration
North America: This region is forecast to reckon for the biggest revenue share and speedily developing nation during the forecast period. The sizeable manufacturing foundation and increasing e-commerce sector in the region are accountable for the succeeding development in the market. Additionally, increasing disbursement power is anticipated to push the demand for consumer commodities, pushing market growth. Because of the fast-paced lifestyle of the working population, there has been a sizeable growth in demand for FMCG, ready-to-eat food, and beverages.
Asia Pacific: This region is anticipated to observe the highest CAGR during the forecast period due to the region’s simplified accessibility of raw materials. Growing manufacturing functionalities in China and India are expected to improve regional market progression because of the obtainability of raw materials such as plastic films, paper, adhesives, and other substances.
Final Thoughts
Self-adhesive labels are acquiring more popularity due to the innumerable benefits that they have to provide. In the self-adhesive labels market, the good news is that they are extremely cost-effective packaging solutions, so there is a void of breaking the bank to afford these.