The global de-seamable adhesives market is projected to have a moderate-paced CAGR of 5% during the forecast period. The current valuation of the market is US$ 60.24 Billion in 2022. The market value of the de-seamable adhesives market is anticipated to reach a high of US$ 98.12 Billion by the year 2032. A historical CAGR of 4.5% has been recorded by the experts of Future Market Insights for the concerned market.
As per the analysis of FMI, it has been identified that the global de-seamable adhesives market is witnessing an unprecedented surge owing to the rising application of this adhesive on shrink-labelled PET Containers, which is helping in enhancing the recyclability of PET containers without any change of processes.
Lucrative growth opportunities are identified in the global de-seamable adhesives market. Manufacturers are teaming up to provide innovative solutions to improve their recycling yield. The manufacturers in the de-seamable adhesives market are witnessing a highly fragmented environment with many players in the fray for gaining top positions amongst the others.
The experts at FMI have analyzed that the players in the de-seamable adhesives market are getting involved in strategic collaborations. These collaborations are helping the players to strengthen their foothold in the global forum.
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Furthermore, it is also identified that the key players in the de-seamable adhesives market are investing heftily in research and development activities. The rising need for environment-friendly and recyclable solutions is escalating the support of the government of various countries for these key players. It is expected to bring tremendous growth opportunities for the biggies increasing in the market.
The prominent market players in the forum are aiding technological advancements, such as the adoption of composites in various applications across South Korea and Japan, leading to rising market shares for de-seamable adhesives.
Since engineering plastics and composites are replacing traditional materials such as metals, owing to the rise in demand for weight reduction, the manufacturers are identifying this as a critical growth prospect for expanding the revenue pockets.
Therefore, with the rigorous attempts of the key players to strengthen their footprint in the de-seamable adhesives market, it is estimated that the concerned forum is likely to witness significant growth throughout the forecast period.
De-seamable Adhesives Market Witnesses Multi-directional Growth
Removal of shrink labels during the recycling process of polyethylene terephthalate (PET) bottles has been a challenge for recyclers. A typical batch of PET bottles contain about 5% shrink labeled PET bottles; these labels are difficult to remove.
Due to these labels the recycling equipment misidentifies the PET bottles and removes them from the recycling line, this results in a reduced yield of the recycler. Application of de-seamable adhesives on shrink labeled PET containers helps in enhancing the recyclability of PET containers without changing the process.
By the application of de-seamable adhesives, shrink labels de-seam and get released from the substrate during the wash step, without compromising the performance of the label used. The shrink label gets removed before sorting, thus preventing the shrink labeled PET bottles being removed from recycling stream due to misidentification. This helps in reducing the use of adhesive remover machines during the recycling process of containers.
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Global De-seamable Adhesives Market: Dynamics
PET bottles are widely used in packaging of food and beverages as they help in enhancing the shelf life of packaged content. However, they end up in landfills as their recyclability poses a challenge to brand owners and recyclers. Usage of de-seamable adhesives can solve this problem to a great extent, which is expected to drive the global de-seamable adhesives market.
Also, stringent regulations imposed by regulatory bodies have compelled the brand owners to recycle the plastic containers they use. This is expected to further fuel the demand for de-seamable adhesives during the forecast period
Manufacturers are teaming up to provide innovative solutions to improve their yield of recycling.
- For instance, Sun Chemical Corporation developed SunLam labels in partnership with Eastman Embrace LV copolyester. These are de-seamable adhesives, which will enhance the recyclability of PET containers. The company has received recognition by the Association of Plastic Recyclers (APR) for this initiative. According to Eastman, these new de-seamable adhesives will allow brand owners to apply full-body shrink labels on their products without compromising the recyclability of the product
Such initiative by ‘Sun Chemical Corporation’ is expected to inspire other market players operating in the adhesive industry to expand their adhesive solution portfolio to address environmental issues and help in reducing the plastic materials ending up in landfills. These factors are anticipated to propel the demand for de-seamable adhesives in the de-seamable adhesives market during the forecast period.
Global De-seamable Adhesives Market: Regional Outlook
Geographically, the global de-seamable adhesives market has been divided into seven key regions as- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excl. Japan, Middle East & Africa, and Japan. High demand for packaged food & beverages will translate into high demand for PET bottles in the Asia Pacific region.
This, in turn, will result in high demand for de-seamable adhesives during the forecast period. The PET bottles market is expected to witness an above average growth in North America region due to the higher adoption of PET bottles in beer and wine packaging, owing to which de-seamable adhesives are expected to witness steady growth in the region.
Global De-seamable Adhesives Market: Key players
Presently, the only player in the de-seamable adhesives market is Sun Chemical Corporation, a United States manufacturer and distributor of inks, coatings, and pigments. Other market players that are operating in the global adhesives market are expected to contribute towards the growth of the global de-seamable adhesives market during the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global de-seamable adhesives market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with de-seamable adhesives market attractiveness as per segments. The report also maps the qualitative impact of various factors on de-seamable adhesives market segments and geographies.
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Global De-seamable Adhesives Market: Segmentation
De-seamable adhesives market is classified into different categories based on product type, and end use type. The de-seamable adhesives market has been segmented on the basis of end uses, as food & beverages, pharmaceuticals, cosmetics & personal care products, others which includes consumer goods and household products.
On the basis of application, the global de-seamable adhesives market has been segmented as bottles and jars.
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