Increasing Usage of Several Adhesive Labels for Printing Useful Information of the Product Contents Propelling the Growth of Tape & Label Adhesives Market
Packaging is becoming a vital constituent of modern life due to the avoidance of wastage, ease of transportation, storage and inclination of the consumer towards excellent packaging solutions. Over the years, intelligent packaging’s multifaceted ability to create a lasting impression and maintain product quality has made it an essential asset for different end user industries.
Future Market Insights recent study suggests that the growth of the global tape & label adhesives market is being driven by increased usage of tapes & labels adhesives for packaging of several products such as boxes, bottles, folding cartons, vials among others. The demand for the tape & label adhesives market is rising due to the increased packaging of various goods for shipping and transportation. The FMI report further indicated that the global market for tapes & label adhesives is expected to grow rapidly due to its application in the packaging of various packaging products such as food & beverage, pharmaceutical, automotive, personal care products, and among others.
Research shows great potential of tape & label adhesives that provide all the features for packaging of commodities. In addition to this, it also highlights the features such as-
Excellent convenience for carrying and storing products
Increasing output with the same workforce
Resilience and adaptability to business disruptions
Enhanced performance and cost effectiveness
Customer experience
Extended shelf life
Employee experience
Revenue and profit growth
Business model innovation
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in August 2022, Lohmann launched an adhesive tape for the flexographic printing industry with an exceptionally high grip to the sleeve. DuploFLEX 5 GRIP increases press uptime while maintaining ease of demounting. The product was developed to provide the printing industry with a more process-safe and sustainable adhesive solution.
As a substructure during the printing process, plate mounting tapes make a significant contribution to the quality of the print through reliability and dampening properties. With its unique adhesive formulation, DuploFLEX 5 GRIP provides excellent adhesion to the sleeve side and, with 50 percent less solvent use during the coating process, is much more sustainable than a classic plate mounting tape. Here, GRIP refers to a product structure rather than a specific product.
The tape & label adhesives market is segmented by manufacturers who manufacture adhesives for tapes & labels. Adhesives play a vital role in the adhesion of tapes & labels. Adhesives are characterized by the type of adhesives such as acrylic, rubber, silicone, cyanoacrylates, and among others. The global market for tapes & label adhesives is expected to grow rapidly due to its application in the packaging of various packaging products such as food & beverage, pharmaceutical, automotive, personal care products, and among others.
Tapes & labels increase the attractiveness of the product and offer manufacturers printing opportunities. There are several adhesive labels used for printing useful information of the product contents and also indicates the shelf life time of the content. Brand owners use the label for branding their products. The global market for tape & label adhesives is expected to grow over the forecast period, as the demand for tapes & labels is rising which drives the global tape & adhesives market.
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Global Tape & Label Adhesives Market- Drivers and Restraints
The global market for tape & label adhesives market is expected to grow significantly during the forecast period. Globally the tape & label adhesives market is growing on the backdrop of the tape & label market. Manufacturers are using tapes & labels for the advertisement purpose. Tapes & labels adhesives are used for packaging of several products such as boxes, bottles, folding cartons, vials among others. The demand for the tape & label adhesives market is rising due to the increased packaging of various goods for shipping and transportation.
Despite from the positive outlook, there are several restraining factors which might resist the growth of the tape & label adhesives market. First is the availability of the alternative products such as non- adhesive tapes & labels and surface printing technology which reduces the use of the adhesives which saves the extra cost of the adhesives and second is separate machinery for the glue application. These factors might hamper the growth of the global market for tape & label adhesives market.
Global Tape & Label Adhesives Market- Regional Outlook
Geographically, the tape & label adhesives market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA) and Japan. The demand for the tape & label adhesives is increasing with the rising demand from automotive, food & beverages, electronics industries, etc. APEJ market is expected to dominate the tape & label adhesives market due to increasing production of tapes & labels.
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Global Tape & Label Adhesives Market- Key Players
Some of the key players of the global tape & label adhesives market are Ingevity Corporation, 3M Company, McCoy Soudal Sealants Adhesives & Foams, Pvt. Ltd., Chemline Inc., Metlok Private Limited, Hubei Huitian New Materials Co., Ltd., Jesons Industries Limited, Resinova Chemie Ltd., Bluecoat Pvt. Ltd. among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Tape & Label Adhesives - Market Segmentation
The global market for tape & label adhesives has been segmented on the basis of the adhesive type, on the basis of the application, and on the basis of the end use.
On the basis of the adhesive type, tape & label adhesives are segmented into
Acrylic
Rubber
Silicon
Anaerobic
Cyanoacrylates
Others
On the basis of the application, tape & label adhesives are applied on
Tapes
Adhesives
On the basis of the end use, tape & label adhesives are used in packaging of various products in
