wet blue lable market
The rise in consumption of packaged food, canned foods, and soft drinks are key market trends in the wet glue label market
PORTLAND, OREGON, UNITED STATES, November 30, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Wet Glue Labels Market,” The wet glue labels market was valued at $8.4 billion in 2021, and is estimated to reach $16.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Government ban and regulation on plastic use has enhanced the performance of paper industry. This factor has boosted the growth of paper based wet glue labels in the market. Furthermore, 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.
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Paper based wet glue label includes uncoated, coated, thermal, metalized, vellum, and others. Coated and uncoated paper based wet glues are used for self-adhesive, glue applications.
The rise in consumption of packaged food, canned foods, and soft drinks are key market trends in the wet glue label market. In addition, surge in population across the world, busy schedule of people made them more linear toward purchasing ready to eat packed food where PET paper based wet glue labels are extensively used for packaging foods. . These factors are anticipated to increase the demand for wet glue labels during the forecast period. Furthermore, 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.
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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 labels 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 Market Players:
BASF SE, Merck KGaA, Gallochem Co. Ltd., Leshan Sanjiang Biological Technology Co. Ltd., Alfa Aesar, Kemin Industries, Inc. , HALOGENS, Minakem, Impextraco NV, Haihang Industry
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In addition, surge in population across the world, hectic schedule of people made them more linear toward purchasing ready to eat packed food where PET paper based wet glue labels are widely used for packaging applications of food. These factors are anticipated to increase the demand for wet glue labels during the forecast period. Furthermore, 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.
Key findings of the study:
• By material type, paper resin segment is holds highest growth rate, in terms of revenue, registering a CAGR of 6.9% from 2022 to 2031.
• By end-use industry, the food & beverage end user industry segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.1% from 2022 to 2031.
• By region, Asia-Pacific garnered the highest share of 43% in 2021, in terms of revenue, growing at a CAGR of 7.7%.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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