As per Market Research Future (MRFR), the global self-adhesive labels market is projected to grow at a CAGR of 4.9% from 2017-2023 (forecast period). The report offers a comprehensive and in-depth review of the impact of the COVID-19 pandemic on the global self-adhesive labels market.
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Self-adhesive labels are typically used to fix packaging. These labels provide essential information on the product. They are also used for decorative purposes to draw attention and entice consumers. These labels are multifaceted systems and contain information printed on the surface. Self-adhesive labels consist of three layers, i.e., the release liner, the adhesive layer, and the face material. The release liner is mainly made of paper, which is silicone coated on one side. Demand for self-adhesive labels is rising rapidly and is expected to develop at the same pace over the assessment period due to increasing consumer awareness of product content.
Market Dynamics
High growth in the transport and logistics sector across the globe is a crucial driver of market growth. Strict government guidelines on food safety in emerging economies serve as a driving force for the development of the market for self-adhesive labels. In addition, the growing demand for consumer products alongside the flexible packaging industry will provide a range of growth opportunities for the market to expand in the near future. The popularity of these labels among manufacturers is growing due to their efficient labeling solutions and cost savings. This will further bolster the growth of the market. However, the fluctuating price of raw materials and the lack of awareness of different types of labeling techniques can hinder the growth of this market.
Market Segmentation
The global self-adhesive labels market has been segmented based on type, compositions, and application. On the basis of compositions, the market for self-adhesive labels is segmented based on release liner, adhesive layer, and face stock. Additionally, the market on the basis of application, is segmented into consumer goods, food & beverages, pharmaceuticals, and others. The global market for self-adhesive labels is also covered based on type segment which is further split into removable and permanent.
Factors like high growth in the transportation and logistics sector throughout the globe and increase in spending capacity along with changing lifestyles support the self-adhesive labels market growth. The performance of the self-adhesive labels market has also been studied for the past and current years. Additionally, the self-adhesive labels market report provides analysis of these segments. The self-adhesive labels market segmental analysis provided in the report offers major details about the self-adhesive labels market performance and future.
Regional Analysis
Region-wise, the global self-adhesive labels industry has been segmented into Europe, North America, Asia Pacific, and the Rest of the World (RoW).
The North American region dominates the global market for self-adhesive labels, primarily due to the pharmaceutical industry's fast growth. As stated by the American Foundation for the Blind, about 20 million people in the United States experience vision loss, and it is now mandatory to include braille labels on pharmaceutical labels. This provides a significant opportunity for the braille self-adhesive labels industry in the U.S. The country has a significant contribution to the global and North American market for self-adhesive labels.
The Asia Pacific region is projected to rise at the highest CAGR in the forecast period due to accelerated growth in the retail sector. The growth of the e-commerce industry adds to the need for packaging that uses self-adhesive labels. Growing industrial activities in the area, leading to the growth of the market. Increased spending capacity and changing lifestyles are also generating a massive opportunity for the global market for self-adhesive labels. China, India, Indonesia, and Japan are the major contributors to the Asia Pacific industry. China has the largest share of the regional market due to the strong demand from the consumer goods industry.
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self-adhesive labels manufacturers
Notable players in the self-adhesive labels market are Avery Dennison Corporation, Americk Packaging Group, Müroll GmbH, Constantia Flexibles Group Gmbh, SVS Labels, and CCL Industries Inc. H.B. Fuller Company, Coveris Holdings S.A., Royston Labels Ltd., Mondi Group, UPM-Kymmene Oyj, Henkel AG & Co., S&K LABEL spol.sare among others.
Read more related insights:
https://www.globenewswire.com/news-release/2021/06/24/2252810/0/en/Self-Adhesive-Labels-Market-worth-USD-76-42-billion-by-2027-Report-by-Market-Research-Future-MRFR.html
https://marketersmedia.com/self-adhesive-labels-market-2018-worldwide-overview-by-industry-size-market-share-future-trends-growth-factors-and-leading-players/414349
https://www.marketwatch.com/press-release/self-adhesive-labels-market-global-analysis-with-focus-on-development-strategy-opportunity-assessment-key-findings-regional-analysis-key-players-profiles-and-future-prospects-to-2027-2021-08-17?siteid=bigcharts&dist=bigcharts&tesla=y
https://icrowdnewswire.com/2021/10/11/self-adhesive-labels-market-share-comprehensive-analysis-opportunity-assessment-future-estimations-and-key-industry-segments-poised-for-strong-growth-in-future-2027/
https://issuu.com/www.marketresearchfuture.com/docs/self-adhesive_labels_market_2
https://www.abnewswire.com/pressreleases/selfadhesive-labels-market-2019-top-key-players-industry-development-challenges-business-methodologies-market-entry-strategies-key-manufacturers-analysis-and-regional-forecast-to-2022_421954.html
https://komalgharde18.wixsite.com/mysite/post/self-adhesive-labels-market-size-2021-comprehensive-analysis-and-forecast-by-regions
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