Wet Glue Labels Market By Material type (Paper, Plastic Resin), By End-Use Industry (Personal Care, Food and Beverage, Homecare, Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global wet glue label market was valued at $8.4 billion in 2021, and is projected to reach $16.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Wet glue label is mainly made-up polyester, PET, polyolefin, and PVC. Paper based wet glue label includes uncoated, coated, thermal, metalized, vellum, and others. Coated and uncoated paper based wet glues are used for self-adhesive, glue applications.
The personal care segment comprises diversified skin care products where wet glue labels play a significant role in increasing the potential sales of the personal care & beauty care industry. Coated, uncoated, paper based wet glue labels helps in strengthening the brand investment of cosmetic industry. Factors such as rise in the population, urbanization, improvement in the standard of living, changing lifestyles, and increased focus in the personal care & beauty care industry have surged the demand for wet glue labels where it is used for labeling of shampoo and conditioner bottles, cosmetics products containing boxes, and others. This is projected to increase the demand for wet glue label in the cosmetics industry. Wet glue labels are cost effective, agile, water-resistant, and possess high-quality properties owing to which it has been used in a wide array of personal care and cosmetics sector for labelling toothpastes, Liquid soaps containing bottles, deodorants, hand sanitizers, mouthwashes, shaving creams, and others. This may act as one of the key drivers responsible for the growth of wet glue label in the personal care & beauty care market. Moreover, FMCG companies and startup companies are coming out with a variety of personal care and skin care products.
According to an article published by India Brand Equity Foundation in the year December 2017, beauty, and cosmetics are the grooming market in India and are expected to reach US$ 20 billion by 2025 from US$ 6.5 billion in 2017. These factors have enhanced the performance of wet glue labels in cosmetics and personal care sector. Wet glue labels are used for labeling, brand promotion purposes, and also helps in maintaining the authenticity of products. Furthermore, wet glue labels are self-adhesive, cost effective and it is applied only during the dispensing of products to the customers. These factors are coupled together for driving the market growth; thus, creating remunerative opportunities during the forecast period. In addition, the pharmaceutical industry offers a facility that exceeded quality and safety requirements for producing, installing and designing, and formulation of various drugs. It involves medical-grade products such as sanitizer, hand wash, vaccines, antibiotics, drugs, medicine, and others. Wet glue labels are cost effective labelling material extensively used for packaging and labeling purposes. All these factors are driving the demand of the global wet glue lables market.
However, high-cost of production of wet glue label has disturbed the overall growth of the wet glue label market. In addition, rapid shift of the consumer in the preference of natural antioxidant over synthetic wet glue label is expected to decrease the growth of the market. In addition, several manufacturers are actively engaged in the manufacturing of natural food additive over wet glue label. Moreover, habitual use of wet glue label may have side effect on human health such as irritation to skin, dermal sensitizer, and irritation on eyes. For instance, according to an article published by National library of Medicine, it states that wet glue label is a slightly toxic when it is ingested. These factors are restraining the growth of wet glue label in the market.
The rise in the population, surge in consumer demand for goods, and well-established chemical industry, in both developed and developing economies have enhanced the performance of wet glue label market. It is used for labelling and packaging of reusable containers, hazardous chemicals containing glass and plastic bottles. This is anticipated to boost the overall demand for wet glue labels in the growing chemical industry. Factors such as rise in population, increase in import and export trade, and surge in demand for food have enhanced the demand for the agriculture industry where wet glue label is predominately employed as labelling and packaging application of pesticide, insecticide, herbicide, and others. This is expected to enhance the demand for wet glue label in agricultural applications. Furthermore, rapid growth of FMCG sectors, and rise in demand for home care and consumer goods have boost the growth of the wet glue labels market where metalized and varnished effect of coated and uncoated paper based wet glue labels are used to wrap around the products, bottles, jars, containers, and other. Moreover, the utilization of wet glue label has increased in consumer products owing to its cost effectiveness, wet resistance, and agility properties. These factors are coupled together to increase the potential sales of wet glue labels in growing consumer goods sector; thus, offering most remunerative opportunities for the market.
The wet glue label market is segmented on the basis of material type, end-use industry, and region. By material type, the market is segregated into paper and plastic resin. By end-use industry, the global wet glue label market is segmented into personal care, food & beverage, home care, pharmaceuticals, and others. Region-wise, the wet glue label market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global wet glue label market include Alfa Aesar, BASF SE, Gallochem Co. Ltd., HALOGENS, Haihang Industries, Impextraco NV, KEmin Industries Inc., Leshan Sanjiang Biological Technology Co. Ltd., Merck KGaA, and Minakem.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wet glue labels market analysis from 2021 to 2031 to identify the prevailing wet glue labels market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wet glue labels market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wet glue labels market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material type
Paper
Plastic Resin
By End-Use Industry
Personal Care
Food and Beverage
Homecare
Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Alfa Aesar
BASF SE
Gallochem Co. Ltd.
HALOGENS
Haihang Industry
Impextraco NV
Kemin Industries, Inc.
Leshan Sanjiang Biological Technology Co. Ltd.
Merck KGaA
Minakem
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