The Adhesive films market is projected to grow from USD 82.0 Billion in 2022 to USD 116.9 Billion by 2030, at a CAGR of 4.4% and CAGR of 4.7% between 2022-2027 and 2028-2030 respectively. Asia Pacific is estimated to be the largest consumer of Adhesive films. The global Adhesive films major players have made several research developments across value chain to focus on changing customer preferences.
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The key players operating in the Adhesive films market are 3M Company (US), Avery Dennison Corporation (US), Henkel AG & Co. KGAA (Germany), UPM-Kymmene Oyj (Finland), and H.B. Fuller Company (US) and others.
Henkel AG & Co. KGAA operates worldwide by offering leading innovations, brands, and technologies in three business areas, namely, adhesive technologies, beauty care, and laundry & home care. The adhesive technologies business segment manufactures and distributes decoration and renovation products for packaged & consumer goods, home & office, building adhesives, and industrial infrastructure. Under the dynamic economic conditions due to COVID-19 and others, the organic sales performance of the segment improved significantly compared to the previous year.
UPM-Kymmene Oyj (UPM) specializes in the manufacture of fiber, biomass-based products, and recyclable raw materials and products.
UPM Raflatac, one of the company’s business segments, is involved in creating new label products that reduce the use of non-renewable materials and treats waste as a valuable resource. UPM Raflatac develops and manufactures high-quality, high-performance self-adhesive label materials for product and information labeling. The film and paper label stocks manufactured by the company are designed to build brands, provide a competitive advantage, and streamline operations.
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The key growth strategy of UPM Raflatac is to grow profitably through organic growth, product portfolio development, and synergistic acquisitions. The company focuses on expanding its presence in the developing markets. UPM Raflatac has global multisite certificates for ISO 9001:2008 and ISO 14001:2004 standards.
India’s major industries encompass information technology, petroleum products, chemicals, pharmaceuticals, agriculture, textiles, steel, transportation equipment, machinery, leather, cement, mining, and construction. The healthcare sector is experiencing rapid growth, driven by improved services, broader coverage, and increased spending by consumers and private entities. India has emerged as a prime destination for high-end diagnostic services, bolstered by substantial investments in advanced diagnostic facilities. The production of disposable products is anticipated to rise significantly in the coming years, subsequently boosting the demand for adhesive films. With a few large companies dominating the Indian market, competitive pricing and innovative product formulations are key growth strategies. Established firms are investing heavily in branding efforts and increasing consumer awareness about adhesive films to attract customers.
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