Press release
Tape & Label Adhesives Market Estimated to Discern 2X Expansion by 2027
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.
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.
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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 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
Food & beverages
Pharmaceuticals
Automobiles
Personal care products
Electricals & Electronics
Others
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.
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