Avery Dennison employs about 36,000 people in close to 200 locations and 50 countries around the world. Its R&D spending increased by 21% in 2021, to $136.6 million. (The company declined to provide specific adhesives/sealants-related sales and other details.)
With total 2021 net sales of $8.4 billion, representing a 20.6% increase over the prior year, Avery Dennison operates in three main business units: Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS); and Industrial and Healthcare Materials (IHM). All divisions saw double-digit increases in net sales for the year.