PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485787
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485787
Wet Glue Labels Market size was valued at USD 13,928.43 Million in 2023, expanding at a CAGR of 7.21% from 2024 to 2032.
Wet glue labels are paper labels that require glue to adhere to a product. They are commonly known as cut-and-stack labels because they are cut into a specific shape after printing and then stacked. These labels play a significant role in the beverage industry as they are glued before being applied. For instance, Topfers wet glue labels can be utilized on various labeling machines with top-notch performance. Wet glue labels offer numerous benefits, such as strong adhesion, compatibility with high-speed labeling lines, and resilience to harsh environmental conditions like moisture and temperature changes.
Wet Glue Labels Market- Market Dynamics
The growing demand for Wet Glue Labels from end users is projected to boost market growth.
The increasing use of packaged goods in various industries, such as food and beverage, pharmaceuticals, cosmetics, and household products, is driving the demand for wet glue labels. These labels are crucial for providing product information, branding, and ensuring regulatory compliance on packaging containers, catering to the labeling requirements of different consumer products. According to packaging and Printing Statistics, in 2018, 72% of American consumers stated that their purchasing decisions were influenced by the design of a product's packaging, while 67% mentioned that the packaging materials used also played a role. The packaging design of a product plays a significant role in attracting consumers as it is the first thing they see while shopping, whether online or in-store. If the retail product packaging appears appealing and captivating, buyers are more likely to develop a positive perception of the brand. Additionally, the preference of consumers for high-quality branding and the expansion of markets in emerging economies can create new opportunities for market growth. However, challenges related to regulatory compliance may hinder the growth of the market.
Wet Glue Labels Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.21% over the forecast period (2024-2032)
Based on Grade segmentation, Uncoated Wet Glue Papers were predicted to show maximum market share in the year 2023
Based on Material segmentation, Paper was the leading type in 2023
Based on Application segmentation, the Food & Beverage Industry was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Wet Glue Labels Market is segmented based on Product Type, Grade, Material, Application, and Region.
The market is segmented into three distinct categories according to the type of product: Plain printed labels, Foil stamped labels, Spot Varnish Labels, Holographic Labels, and Others. The wet glue labels market provides a vast array of product types and decorative choices to cater to the varied requirements of brand owners and product manufacturers.
The market is categorized into two groups according to Grade: Uncoated Wet Glue Papers and Coated Wet Glue Papers. Uncoated Wet Glue Papers hold the majority in the market. Manufacturers of uncoated wet glue papers provide various customization choices to fulfill the specific needs of label converters and brand owners.
The market is categorized into two segments according to Material: Paper, Plastic, Metallized Paper, and Others. Paper holds the majority share in the market. With the changing consumer preferences towards sustainable packaging options, there is an increasing need for environmentally friendly label papers that are manufactured using recycled fibers or responsibly sourced from managed forests.
The market is categorized into two segments according to its application: Food & Beverage Industry, Confectionary Industry, Pharmaceutical Industry, Cosmetic Industry, Electronic Industry, and Others. The Food & Beverage Industry holds the majority share in the market. Labels have a significant impact on product identification, traceability, and supply chain management in the food and beverage industry. As consumers become more conscious of environmental concerns, there is an increasing need for sustainable packaging solutions in this industry.
Wet Glue Labels Market- Geographical Insights
Geographically, this market is spread across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The market growth is primarily dominated by North America, which experiences a high demand for top-notch packaging solutions. North America is known for its strong consumer goods market, offering a wide range of products in industries such as food and beverage, pharmaceuticals, personal care, and household goods. The increasing demand for high-quality packaging solutions, including wet glue labels, is driven by consumer preferences for visually appealing, informative, and premium packaging that enhances product presentation and brand perception. The North American market holds the largest share of packaging design services, accounting for over 35% in 2023. This growth is attributed to factors such as a well-established packaging industry, the presence of major consumer goods companies, and a focus on product branding and marketing, as stated by Packaging and Printing Statistics. Europe, on the other hand, holds the second-largest region for market growth. This is due to the rise in regulatory standards and labeling regulations in end-user industries.
The wet glue labels market is characterized by intense competition, with manufacturers striving to excel in product quality, innovation, customer service, and pricing strategies. To meet customer demands, companies focus on enhancing manufacturing processes, implementing stringent quality control measures, and conducting thorough testing procedures. Moreover, in response to the growing importance of sustainability in packaging, businesses are vying to provide environmentally friendly wet glue labels crafted from recycled materials, biodegradable adhesives, and responsibly sourced paper.
In January 2024, CCL Industries, a renowned company specializing in specialty label, security, and packaging solutions, revealed the inauguration of its new sustainable sleeve label center in Dornbirn, Austria, marking the completion of its relocation from the previous location in Hohenems.
In February 2021, Royal Sens, a Dutch flexible packaging converter, purchased a Comexi Offset CI8 printing press featuring central impression (CI) printing technology and an electron beam (EB) curing system to enhance its operational efficiency.
GLOBAL WET GLUE LABELS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
CCL Industries Inc.
Gallus Holding
Caribbean Label Crafts Ltd.
CPC Packaging
Royal Sens-s
Arjobex America, Inc.
Gavin Watson
Huhtamaki India Ltd
Reflex and Lecta.
Others