The global self-adhesive labels market size is projected to grow from USD 47.9 billion in 2021 to USD 62.3 billion by 2026, at a CAGR of 5.4% from 2021 to 2026. Self-adhesive labels are made up of facestock, release liner, and adhesive. They have their back surface coated with an adhesive substrate that eliminates the requirement of glue or moistening. Self-adhesive labels is widely used in applications such as food & beverages, pharmaceuticals, consumer durables, home & personal care, retail labels, e-commerce, amongst others.
The self-adhesive labels market has thousands of companies that thrive in their domestic market. A few of the major players are, CCL Industries Inc. (Canada), Avery Dennison Corporation (US), Multi-Color Corporation (US), Coveris Holdings S.A. (Austria), Huhtamaki OYJ (US), and Fuji Seal International (Japan), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and expansions, to increase their market shares and enhance their product portfolios.
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Recent Developments:
- In October 2021, Multi-Color Corporation acquired the Hexagon Label Group in Australia and New Zealand. This acquisition aims at an enhanced footprint and offerings to ANZ customers with comprehensive label solutions in Adelaide, Brisbane, Griffith, Melbourne, Perth, Sydney, Auckland, and Christchurch.
- In April 2021, Lintec acquired all shares of Duramark, a manufacturer and distributor of various adhesive products. The acquisition provides immediate access to production equipment that Mactac requires to increase the production capacity of adhesive papers and films for labels, its main products.
- In July 2020, CCL Industries Inc. acquired InTouch Labels and Packaging Co., Inc. (InTouch), near Boston, Massachusetts. InTouch is a specialized short-run digital label converter and was added to Avery’s direct-to-consumer operations.
- In March 2020, Avery Dennison announced an investment worth 35 million in the coating technology to expand its Fasson Roll North America pressure-sensitive base materials operations in Greenfield, Indiana. This initiative is expected to significantly expand the production capacity of Fasson-brand paper and film label materials in the US.
- In March 2020, Coveris acquired Plasztik-Tranzit Kft (Hungary), a producer of flexible packaging solutions for the food industry. The acquired company is renamed as Coveris Pirto and is a part of Coveria Holdings. This strategic development is expected to create a center for high-tech packaging manufacturing in East Europe and to boost the production capability of the company in the medical, food and films end-markets.
The APAC region is projected to be the fastest-growing region in the self-adhesive labels market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. The usage of self-adhesive labels in the region has increased due to cost effectiveness, easy availability of raw materials, and demand for product labeling from highly populated countries such as India and China. The increasing scope of applications of self-adhesive labels in the food & beverage, healthcare, and personal care industries in the region is expected to drive the self-adhesive labels market in APAC. The growing population in these countries presents a huge customer base for FMCG products and food & beverages. Industrialization, growing middle-class population, rising disposable income, changing lifestyles, and rising consumption of packed products are expected to drive the demand for self-adhesive labels during the forecast period.
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