The global self-adhesive labels market size is expected to reach USD 71.24 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period. The growing consumer awareness about product ingredients coupled with heavy demand are factors expected to bolster the growth of the market, states Fortune Business Insights, in a report, titled “Self-Adhesive Labels Market Size, Share & Industry Analysis, By Type (Linerless, Release Liner), By Label Type (Permanent, Removable), By Application (Food & Beverages, Pharmaceutical, Household & Personal Care, Consumer Goods, Others), and Regional Forecast, 2024-2030.” The market size stood at USD 43.62 billion in 2019.
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The report on the self-adhesive labels market highlights:
Comprehensive analysis of the market
Dynamic insights into the segments
All-embracing data about dominant regions
Key information about prominent players
Latest developments
Market drivers and restraints
Market Driver:
Surging Consumer Goods Indusrty to Augment Growth
The growing utilization of labels in food & beverages, pharmaceutical, medical, and consumer goods industries will have a tremendous impact on the global market during the forecast period. Self-adhesive labels are generally used to describe the contents, manufacturing date, expiry date, and other important information of the product. Furthermore, the growing demand for packaged food, clothing, electronics, consumer durables, and non-durable goods will foster the healthy growth of the market. The growing population coupled with inflated consumer demand will subsequently enable speed expansion of the market. The booming FMCG industry owing to increasing per-capita disposable income will bolster the growth of the market in the forthcoming years.
Disturbed Supply Chain to Dampen Market Growth
The global market has observed a massive interruption in business due to the COVID-19 pandemic. The disrupted supply chain has severely affected the sales and production of labels amid COVID-19. The stringent policies imposed by the government to control the spread of the virus will negatively impact the global market. However, the demand for labels technology in the medical and food industry will uplift the business. In addition, the constant efforts for the smooth supply of pharmaceutical and food products will spur opportunities for the market during the forecast period.
Source- https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289
Regional Analysis:
Flourishing Cosmetic Industry to Stimulate Growth in Europe
The market in Europe is expected to hold the largest share in the global market owing to the growing awareness among consumers in countries such as Germany, the UK, France, and others. The significant demand for consumables, cosmetics, personal care products, including electrical appliances, electronics, tools, packages will boost the growth of the market in the region. Moreover, the thriving packaging, consumer goods, pharmaceutical, electronics, food, and beverage sectors will fuel demand for labeling owing to its time-saving, convenient, and inexpensive option, which, in turn, will aid the expansion of the market in the region. The market in North America is likely to expand rapidly during the forecast period. The increasing commerce sector in the U.S can spur demand for labelling, which in turn, will promote the growth of the market in the region.
Key Development:
August 2020: Xeikon announced a strategic partnership with EFI Jetrion. Under this partnership, Xeikon will supply, support, and service the global Jetrion customer base, and continue the direct sales of Jetrion digital label printing systems as a part of the Xeikon portfolio of UV inkjet presses and digital dry toner for the self-adhesive label market.
The Report Lists the Key Companies in the Self-Adhesive Labels Market:
3M Company (Minneapolis, U.S.)
Market Scope of the Report:
The market estimates presented in the report result from a comprehensive research approach involving various research channels such as primary research, secondary research, and subject-matter expert consultations. These market estimates consider the influence of existing market dynamics and a range of economic, social, and political factors on the Self-Adhesive Labels Market. Additionally, the market data is shaped by regulations, government expenditures, and advancements in research and development. Both positive and negative market changes are factored into these estimations.
Market Segmentation:
The study offers detailed segmentation of the global Self-Adhesive Labels market based on Type, End User, and region. The report provides in-depth discussions of these segments and their sub-divisions, supported by tables and figures. Market players and investors can strategize their approaches based on the high-revenue and rapidly growing segments highlighted in the report.
Research Approach:
The report incorporates primary information collected directly from key stakeholders through quantitative and qualitative analyses utilizing the Porter Five Force model’s parameters. The report emphasizes macroeconomic indicators, trends within the parent market, and growth drivers. A comprehensive understanding of the market is achieved through both primary and secondary research. Rigorous checks were performed on the data used in the report to ensure its authenticity and quality. The credibility of evaluations and market segments is established using both bottom-up and top-down methodologies.
Key Inquiries Addressed in the Self-Adhesive Labels Market:
What is the global market size for the Self-Adhesive Labels market?
Which screen size is most preferred by Self-Adhesive Labels consumers?
What distribution channel is preferred by Self-Adhesive Labels manufacturers?
Which age group is the target for Self-Adhesive Labels manufacturers?
What factors drive or hinder market growth, and how do these factors impact the market?