According to a recent market report of Markets and Markets, the global label adhesive market is expected to grow at a CAGR of 4.45% between 2017 and 2022, reaching 4.83 million tons by 2022, in terms of volume. The market was estimated at $9.75 billion in 2016, by value, and is expected to reach $12.97 billion by 2022, at a CAGR of 4.91% during the forecast period. The growing packaged food industry is reportedly projected to generate demand and propel the label adhesive market during the forecast period. The emerging middle class in the emerging economies is one of the important drivers for the growth of the label adhesive market, as increasing consumption is leading packaging industry manufacturers to increase their production capacities, which in turn, is resulting in the rising consumption of label adhesive. The label adhesive market is segmented into pressure sensitive adhesive (PSA), glue applied, in-mold, and others, by process. The PSA segment is expected to grow at the highest CAGR by 2022. The growth of this segment results from the increased use of PSA labels as they are easily removable and recyclable as compared to conventional labels. Clean room labels, high-performance labels, Radio-Frequency Identification (RFID) labels, security & smart labels are the trending innovations in the PSA market and are anticipated to increase the demand for PSAs. The label adhesive market is segmented into water-based, hot melt-based, solvent-based, and others, by technology. The water-based technology segment is expected to grow at the highest CAGR by 2022. The growth of this segment results from various properties, such as low VOC content, and being less expensive as compared to other technologies. Water-based label adhesives tolerate wide temperature ranges, but their bonding properties may break down over time. The label adhesive market is segmented into Asia-Pacific, Europe, North America, South America, and Middle East & Africa, in terms of region. The Asia-Pacific label adhesive market is anticipated to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific label adhesive market can be attributed to the growing demand for label adhesive from economies of the Asia-Pacific region. Moreover, factors such as the improving standards of living and rising per capita incomes in the countries of the Asia-Pacific region are also fueling the growth of the Asia-Pacific label adhesive market. Modern technology, smart innovation, and demographic shifts are driving the label adhesive market. However, the formulation and implementation of new regulations, such as REACH and various other directives to control solvent emissions, globally are expected to limit the growth of the label adhesive market. Moreover, the Euro Zone crisis of 2012 has reportedly affected the global label adhesive market, as several companies manufacturing label adhesive have reduced their production rates as a part of their cost cutting strategy to survive in the market.