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 increasing urban population is a factor for the growth in demand for products that use self-adhesive labels such as medicines, beverages, FMCGs (Fast-Moving Consumer Goods), and consumer durables. In APAC, the population shift from rural to urban areas has elevated the growth rate even further. According to the United Nations Population Division, the total population in APAC is projected to reach 5.1 billion by 2050, where the urban population will account for at least 68% of the total. Combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. The improved living standards will increase the demand for branded products, which will lead to a rise in demand for self-adhesive labels.
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The APAC region is projected to lead the self-adhesive labels market, in terms of both value and volume from 2021 to 2026. 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.
Key manufacturers in the self-adhesive labels market 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), amongst others.
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.
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