Polypropylene (PP) Segment - Largest Share
The polypropylene (PP) segment is estimated to account for the largest share of the adhesive film market, by film material, during the forecast period.
Labels Segment - Fastest-growing Application of Adhesive Film Market
The self-adhesive labels market is growing in accordance with the growth trends of the converting and packaging industries. Factors such as increasing urban population, demand for pharmaceutical supplies, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global self-adhesive labels market.
Electrical & Electronics - Fastest-growing End-use Industry
Adhesive films are used in the electrical & electronics industry to hold down protective insulation wrap, warning labels, and information labels. Moreover, adhesive film-based tapes are used in the manufacture of many consumer electronics devices such as mobile phones and cameras. Increasing demand for such adhesive film-based tapes, labels, and graphic films in electrical & electronics applications is driving the growth of the adhesive film market.
Adhesive Film Market - Highest CAGR During the Forecast Period
The APAC adhesive film market is segmented as China, Japan, India, Indonesia, and the Rest of APAC. The APAC region is an emerging and lucrative market for adhesive films, owing to industrial development and improving economic conditions. This region constitutes, approximately, 61% of the world’s population, resulting in the growth of the manufacturing and processing sectors.
Major players operating in the adhesive film market include 3M Company (US), Avery Dennison Corporation (US), UPM-Kymmene OYJ (Finland), CCL Industries (Canada), and Toray Industries (Japan), among others.