Global Self Adhesive Labels Market to Value over USD 42 Billion by End of 2026 End
Wednesday, August 07, 2019
Global self-adhesive labels marketestimated to value over USD 42 Billion by the end of 2026 and register a CAGR of over 5.4% during the forecast period, 2019 to 2026.
Self-adhesive label is a specialized type of label, which is vastly used in packaging. These labels showcase vital information regarding the product. A various number of industries such as food & beverages, pharmaceutical, retail etc choose these labels to display essential information regarding the product. Information like authentication coding, barcode, track and trace coding are displayed on self-adhesive labels.
Self-adhesive labels are bifurcated into type, nature, printing technology, application, and region. By type, the market segmented into linerless and release liner. The release liner is forecasted to dominate the market in the coming time. The key factor promoting market growth is the nature of these labels- they can be easily cut in any shape. The release liner is vastly used by food & beverage industry.
Permanent self-adhesive labels are expected to dominate the market. Important factors such as long-term durability and resistance prevail as influential factors. Permanent self-adhesive labels are widely used in electronic appliances. It not only contributes to food and beverages packaging but also promotes the aesthetic characteristics. Self-adhesive labels offer various advantages like the choice of color, high-quality print finishing, and shape.
The repositionable segment is also predicted to witness increased adoption during the forecast period. It's useful in the application that requires high positional accuracy. Based on printing technology, flexography is expected to augment the market. Flexography offers various benefits like printing on porous and non-porous surfaces and ensures safe and durable printing.
Food & beverages industry is expected to dominate the market. The rising demand for branded and packaged products alongside rising consumer awareness regarding product specifications has fueled the growth of the market.
North America dominates the market. The rapid growth of the e-commerce industry has spurred the size of the market. Europe is followed after America. Asia-Pacific region is forecasted to be the fastest-growing market during the forecast period. Growing end-users in developing economies like Japan, India, China, and South Korea have made the market lucrative in the region. Consumer awareness alongside increase per capita income is also inflating the size of the market in the region.
Some of the prominent players of the industry are Avery Products Corporation, Corporation, Royston Labels, 3M Company, Constantia and Torraspapel Adesto.
The insights presented here are from a research study on Global self-adhesive labels market by FutureWise Market Research.