Company Overview
Avery Dennison Corporation stands as a global leader in materials science and digital identification solutions, with a remarkable heritage spanning nearly 90 years since R. Stanton Avery invented the world's first self-adhesive label in 1935. Headquartered in Mentor, Ohio, and publicly traded on the New York Stock Exchange (NYSE: AVY), Avery Dennison is a Fortune 500 company that employs approximately 35,000 people across more than 50 countries, generating $8.76 billion in annual revenue as of 2024—a 4.68% increase from the previous year.
The company's mission centers on innovating and delivering sustainable materials science and digital identification solutions that enhance brands and supply chains, creating value for customers, employees, and communities worldwide. Avery Dennison operates through two primary business segments: the Materials Group, which manufactures pressure-sensitive materials including labels, graphics, reflective and functional materials; and the Solutions Group, which produces RFID technology, branded tags and embellishments, data management solutions, and identification and pricing systems.
Avery Dennison's product portfolio is remarkably diverse and technologically advanced. The company is the world's largest producer of branding and information solutions for the retail apparel industry following its 2007 acquisition of Paxar Corporation. Its offerings include pressure-sensitive adhesive materials for virtually every industry, radio-frequency identification (RFID) inlays and tags operating across UHF, HF/NFC, and LF frequency bands, specialty medical products, and innovative software applications through its atma.io digital product cloud platform launched in 2021. The company serves an extensive array of industries including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive.
Sustainability and innovation form the cornerstone of Avery Dennison's corporate strategy. The company has established ambitious 2025 sustainability goals and is committed to reducing its environmental impact while driving industry transformation. Recent breakthrough innovations include the first-ever RFID label to receive APR Design for Recyclability recognition in June 2025, demonstrating leadership in sustainable packaging solutions. The company's collaboration with major retailers like Walmart has pioneered RFID sensor technology for meat, bakery, and deli departments, revolutionizing inventory tracking and freshness monitoring.
Avery Dennison's culture is grounded in eight core values: Integrity, Courage, External Focus, Diversity, Sustainability, Innovation, Teamwork, and Excellence. The company's strong "maker" culture drives continuous innovation and collaboration, empowering teams to solve complex global challenges. With over 3,200 employees participating in Employee Resource Groups (ERGs), Avery Dennison demonstrates its commitment to diversity, equity, and inclusion. The company supports employee development through comprehensive benefits, community volunteering programs, and corporate social responsibility initiatives via the Avery Dennison Foundation, focusing on education, sustainability, and women's empowerment. With a market capitalization of $13.7 billion and nineteen percent earnings growth achieved in 2024, Avery Dennison is well-positioned for continued leadership in materials science and digital transformation.
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Avery Dennison is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.
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