Adhesives and tapes are used for practically anything that is packaged – such as snack foods and candy – for labeling and reseal tabs to multipacking and case sealing. Adhesives have a big job and must meet packager, retailer and consumer needs. Those that fail can lead to product loss, shipping issues, equipment slow-downs and consumer complaints.
According to a report by MarketsandMarkets (marketsandmarkets.com), the pressure-sensitive adhesive market is expected to see a worth of U.S. $11.22 billion by 2021, at a CAGR of 6.1% between 2016 and 2021. It is no surprise that labels are the largest application segment. They are widely used in many industries and estimated to see the largest market share.