Wet Glue Labels Market Research, 2031
The global wet glue labels 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. This label is constructed with aggressive weather resistant home care coated with flexible films which holds an encapsulation of acrylic adhesive and UV materials and possess strong adhesion due to which it caters applications to the various end use industry such as semiconductor, automotive, and among others.
Government ban and regulation on plastic use has enhanced the performance of paper industry. For, instance, according to data revealed Financial Express, India has around 600 paper mills with capacities ranging between 5 and 1,650 million square meter a day, and has ability to produce more than 25 million million square meter per annum. This factor has boosted the growth of paper based wet glue labels in the market. Furthermore, paper based wet glues finds wide range of application in various end use industry such as labelling, packaging, personal care, wine and spirit, and others.
Moreover, uncoated paper-based wet glue is resistant to wet and mostly preferred for wine and fine labels. These factors are expected to boost the overall demand for uncoated paper-based wet glue labels. Moreover, thermal vellum based paper wet glue labels possess high strength, cost effective, and resistance to moisture owing to which it is best suited for high-speed bottling and packaging lines. These factors are projected to drive the demand for paper based wet glue labels during the forecast period; thus, creating remunerative opportunities for the market.
However, 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.
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 augmented 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.
The wet glue label market is segmented on the basis of material type, end-use industry, and region. On the basis of material type, the market is categorized into paper and plastic resin. On the basis of end-use industry, it is divided into personal care, food & beverage, home care, pharmaceuticals, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global wet glue label market profiles leading players that 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. The global wet glue label market report provides in-depth competitive analysis as well as profiles of these major players.
The Asia-Pacific wet glue labels market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major market share in 2021 with 43% share in the global market. Acceptance of wine and spirits consumption in emerging nations have enhanced the growth of wine and spirit industry. In addition, increase in consumer demand for vintage and premium wines and spirits, growing with social media trends, rising purchasing power of consumer on expensive wines & spirits are the key market trends for wet glue labels.
In response to this, paper and plastic based wet glue labels are cost effective, self-adhesives, and resistance to moisture owing to which it is most widely used for labelling, bottling, and packaging applications of wine and spirit bottles. These factors together expected to surge the overall potential sales of wet glue label; thus, offering new avenues to the market in wine and spirt industry. Wines and spirits includes alcoholic beverages having alcohol by volume which is ranging from 3to 40%. Wet glue labels with various finishing effects are widely used for labeling of wine and spirit bottles. Wet-glue labels are applied to glass bottles, in both front and back sides, and also on neck labels. The rising consumption of packaged food, canned foods, and soft drinks are key market trends in the wet glue label market.
In 2021, the paper material type was the largest revenue generator, and is anticipated to grow at a CAGR of 6.9% during the forecast period. Paper based wet glue finds wide range of application in various end use industry such as labelling, packaging, personal care, wine and spirit, and others. Moreover, uncoated paper-based wet glue is resistant to moisture and mostly preferred for wine and fine labels. These factors are expected to boost the overall demand for uncoated paper-based wet glue labels. Moreover, thermal vellum based paper wet glue labels possess high strength, cost effective, and resistance to moisture owing to which it is best suited for high-speed bottling and packaging lines. These factors are projected to drive the demand for paper based wet glue labels during the forecast period.
In 2021, the food and beverage end-use industry is anticipated to grow at highest CAGR of 7.1% in the forecast period. Rise in consumption of beverages, flavored drinks, wine bottles, and canned foods, in the both developed and developing countries such as the U.S, China, India, and others boost the overall market growth. In response to this, different types of wet glue labels such as thermal vellum, sugar cane, and other material based wet glue labels are extensively preferred for bottling, box covering, lamination, food wrapping, and other purposes. Moreover, wet glue labels are self-adhesive, cost effective, and easily removable, owing to which it is most widely used wet glue label in the growing food and beverages industry. These factors together are boosting the overall market growth of wet glue labels; thus, offering most remunerative opportunities for the market.
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.
Wet Glue Labels Market Report Highlights
Market Size By 2031
USD 16.1 billion
CAGR of 6.8%
2021 - 2031
By Material type
By End-Use Industry
Key Market Players
Leshan Sanjiang Biological Technology Co. Ltd., Gallochem Co. Ltd., BASF SE, Haihang Industry, Merck KGaA, Kemin Industries, Inc. , HALOGENS, Alfa Aesar, Impextraco NV, Minakem
According to CXOs of leading companies, the global wet glue label market is expected to exhibit high growth potential. The pharmaceutical industry offers a facility that exceeded quality and safety requirements for production, installation and design, 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.
The pharmaceutical sector is growing at a rapid pace owing to the rise in population, increase in R&D activities, advancement in technology, and increased focus on this sector have spurred the pharmaceutical industry. For instance, according to a report published by India Brand Equity Foundation in May 2022, India's domestic pharmaceutical market is at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030. These factors are expected to boost the overall demand for wet glue labels in the markets. The paper and plastic based wet glue labels are used as a labelling material on the bottles of various sanitizer bottles, antiseptic lotions, and other medical-grade products. Pharmaceutical and medical labelling application involves glass and plastic materials such as PVC, PET based coated and uncoated paper wet glue labels are applied on various drugs containing bottles. Furthermore, surge in consumer demand for hand sanitizers, vitamin syrup bottles, tablets, capsules, vials, grooved bottles, blood bags, saline bottles, ampoules, composite containers, and others have enhanced the performance of wet glue market. Furthermore, metalized and printing effect are applied on wet glue labels for maintaining the authenticity of labelled products. In addition, wet glue labels are cost effective, self-adhesive, and does not require any automated machine for labelling and packaging of bottles thus, it is best suited wet glue labels in pharmaceutical industry; which are offering new opportunities for the market