According to research study by Fortune Business Insights™ The global  linerless labels market share  is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by Fortune Business Insights™ The global linerless labels market size was valued at USD 2.33 billion in 2019 and is projected to reach USD 4.42 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period.

Source: https://www.fortunebusinessinsights.com/linerless-labels-market-102778

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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This Report Answers the Following Questions:

• What are the strategies adopted by key companies to increase sales?

• Which region is expected to lead the market by generating the largest revenue?

• Which segment would dominate the market by gaining the maximum share?

• What are the growth drivers and obstacles that the market may come across in the coming years?

• What are the challenges and opportunities in the market?

Drivers & Restraints-

Rising Usage of Attractive & Food-safe Labels to Spur Growth

Brand recognition plays a vital role when it comes to the sales of food products worldwide. Labeling is a significant part of branding. The utilization of food-safe and attractive labels helps the food and beverage industry to grow. In the Latin American and Asian countries, namely, Brazil, Japan, and Southeast Asia, food products, such as fruits, bacon, and ham are packed with linerfree labels. Also, several ruling bodies have put forward strict norms and regulations regarding the information that is to be printed on the labels of food products. 

Segment-

Food & Beverage Segment to Hold Largest Share Backed by the High Demand for Linerless Labels 

Based on application, the market is segregated into logistics, retail, pharmaceutical & personal care, food & beverage, and others. Amongst these, the retail segment held 16.9% linerfree labels market share in 2019. The food & beverage segment is expected to procure the largest share throughout the forthcoming period as it is necessary for the prominent companies to differentiate their products from the competitors. Therefore, they need a wide variety of labels to showcase authentic information regarding the contents of the product. 

Competitive Landscape-

Key Players Focus on R&D Activities to Develop New Products 

The market is semi-consolidated. Most of the top players are investing hefty amount of money in research and development activities to introduce innovative linerless labels and their components. Below are two of the latest key industry developments: