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 Scope
The global self-adhesive labels market is driven by growth in transportation and logistics sectors. Changing preferences among manufacturers and rising expendable income levels can drive the demand for these labels. Adherence to food safety policies in developing economies and expiration period of perishable goods can drive the market demand. Demand for consumer goods and popularity of these labels can bode well for the market.
The COVID-19 pandemic has disrupted the supply chain of label manufacturers owing to restrictions on production. But the reopening of pharmaceutical, consumer goods, and consumer electronic sectors can lead to recovery in the global self-adhesive labels market.
However, the lack of awareness of various types of labels can impede the market growth.
Segmental Analysis
Global Self-adhesive labels market is segmented based on Compositions, type, application, and region. On the basis of the by type, the market is segmented into the temporary or removable and permanent. Permanent labels accounted for the largest market share in 2016. Permanent self-adhesive labels are commonly used in devices such as electrical and electronics, HVAC etc. After ingestion of the products inside the package these marks can not be reused and usually have singular purpose. Such labels not only provide customers with product information but also prove to be useful for branding and business communication. Therefore these features provided by permanent self-adhesive labels form a major factor in the global self-adhesive label market for tremendous segmental growth.
On the basis of the application, the market is segmented into consumer goods, Pharmaceuticals, Food & beverages, and others. The branded products dominate the global self-adhesive label industry application group. It is projected that the food & beverage sector will expand to the highest CAGR over the forecast period. Due to the increasing awareness among consumers about product quality, self-adhesive labels have broad applications in the F&B market. Further big business use is the pharmaceutical industry. Further big business use is the pharmaceutical industry. Such kinds of labels are used in pharmaceutical labeling items and provide various functionalities such as product monitoring and trace measurement, counterfeit measurement, and product numbering. Growing usage of permanent self-adhesive labels in the pharmaceutical industry is speeding up market development.
Regional Analysis
Region-wise, the global self-adhesive labels market 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.
Key Players
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.
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Industry News
In order to produce Fasson and Jac self-adhesive papers in Europe, the Middle East and Africa, Lecta acquired Avery Dennison's offset sheet company. Under a special restricted licencing arrangement, Lecta will produce and distribute Avery Dennison's range of Fasson and Jac branded self-adhesive papers and films, keeping these products available across the current distribution network.
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