Self Adhesive Labels Market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2027
The global self-adhesive labels market size is
expected to reach USD 71.24 billion by 2027. The increased demand for green
biodegradable products will foster the healthy growth of the market, mentioned
in a report, titled “Self-Adhesive Labels Market Size, Share & COVID-19
Impact 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, 2020-2027.”
The market size stood at USD 43.62 billion in 2019 and is expected to exhibit a
CAGR of 6.3% between 2020 and 2027.
Extension of UPM’s Forest
Film Range to Augment Growth
UPM Raflatac, a global supplier of label
materials for branding and promotion, information, and functional labeling
announced that it has launched Forest Film PE to complement its range of
sustainable film labeling solutions. The growing availability of sustainable
alternatives by companies will simultaneously improve the prospects of the
market during the forecast period. For instance, the first wood-based film
label materials by UPM Raflatac Forest Film will be manufactured from
post-consumer recycled (PCR) plastic, which, in turn, will boost
sustainability.
Moreover, the Forest Film PE (polyethylene)
label material is produced in collaboration with UPM Biofuels, another UPM
subsidiary, and global chemicals major Dow Chemical Company (Dow), a
subsidiary of DowDuPont holding company composed of Dow and DuPont. Dow
announced the commercialization of bio-plastics offerings for the
packaging and labeling, as well as the commerce industry made from a bio-based
renewable feedstock. The collaboration will help the commercialization of
bio-plastics offerings by Dow. Dow’s partnership with UPM can further improve
the alternative plastics production, hence favoring the environment.
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
- COVID-19
pandemic
Latest Driver:
Surging Consumer Goods
Industry 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 for
Self-adhesive labels. 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 Self-adhesive labels 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 label 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.
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.
List of the Leading Companies Profiled in the
Global Self-Adhesive Labels Market are:
- 3M
Company (Minneapolis, U.S.)
- Axicon
Labels (Oxfordshire, UK)
- Avery
Products Corporation (California, U.S.)
- ETIS
Slovakia (Bratislava, Slovakia)
- UPM
Raflatac (Helsinki, Finland)
- Müroll
GmbH (Frastanz, Austria)
- Royston
Labels Ltd (Royston, UK)
- S&K
LABEL (Illinois, U.S.)
- SVS
Etikety (Karlstejn, Czech Republic)
- Mondi
Group (Vienna, Austria)
- H.B
Fuller (Minnesota, U.S.)
- LEO
DESIGNS AND PACKAGING PVT LTD (Himachal Pradesh, India)
- Holoflex
(West Bengal, India)
- Pasky
s.r.o. (Prague, Czech Republic)
- Other
Key Players
Browse Detailed Summary of
Research Report:
https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289
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