ALBANY, New York, July 09, 2018 (GLOBE NEWSWIRE) -- The global pressure sensitive labels market is prophesied in a report by Transparency Market Research (TMR) to have strong competition owing to presence of numerous international and local players. This competition is expected to be intensify in near future owing to growing local competition. Some of the top players present in the global pressure sensitive labels market includes Henkel, CCL Label Inc., Avery Dennison Corporation, Lintec, Coveris Holdings SA, Constantia Flexibles Group GmbH, Inland Labels, 3M, UPM-Raflatac, and Fuji Seal International, Inc.
The global pressure sensitive labels market registered global revenue at a US$86.8 bn in 2017 and expected to attain value of US$112 bn by the end of 2022. The global pressure sensitive labels market is expected to grow with a CAGR of 5.2% over the forecast period of 2017 to 2022.
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Stringent Government Regulations on Usage of Plastic to Boost Demand
Pressure sensitive labels in packaging industry are the main source of information regarding the inside product through tracking, barcodes, authentication, tracing, and added advantage of decoration. The advancements such as water-resistant, supports many prints formats, and its stable nature do not allow them to react with other chemicals or water are boosting its adoption across many end-use industries. Primarily, its adoption in food and beverages industries especially wine industries owing to its advancements are driving growth of the global pressure sensitive labels market.
Trend of greener labels due to its bio-degradability and compatibility with numerous materials such as glass and plastic among manufacturers is aiding growth of the global pressure sensitive labels market. Additionally, stringent regulations on use of plastic material and rising awareness regarding environment is bolstering growth of the pressure sensitive labels market over forecast period. Despite of these advantages, rising concern over adhesives used in pressure sensitive labels are restraining growth of the market over forecast period.
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Changing Trading Channels across Developing Countries of APEJ to Boost Growth
The global pressure sensitive labels market is segmented on the basis of stock material, label type, application, and region. On the basis of stock type, paper is expected to be remain dominant for forecast period thanks to its production cost and advantages including easy to print. On the basis of application, demand from food and beverages industry is anticipated to boost growth owing to its advantages of attractive print, support to cooling and non-reacting nature.
On the basis of region, the market is mainly bifurcated in to six parts namely North America, Latin America, Japan, APEJ, Europe, and the Middle East and Africa. Of these, Asia Pacific Excluding Japan (APEJ) is accounting for larger share in the global revenue of the pressure sensitive labels market. This growth is attributable to rapid urbanization coupled with changing trading channels in the countries such as India, China, Indonesia, Malaysia, and Thailand are fuelling growth of the global market for pressure sensitive labels.
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This review is based on the report, titled “Pressure Sensitive Labels Market (Face Stock Material - Paper, Polypropylene, Polyethylene, PET; Application - Food and Beverage, Pharmaceuticals, Transportation and Logistics, Home and Personal Care, Semiconductor and Electronics, Retail; Label Type - Permanent, Removable) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”
The global pressure sensitive labels market has been segmented as follows:
By Face Stock Material:
- Paper
- Polypropylene
- Polyethylene
- PET
By Label Type:
- Permanent Label
- Removable Label
By Application:
- Food & Beverage
- Pharmaceutical
- Tracking, Logistics and Transportation
- Home & Personal Care
- Semiconductor & Electronics
- Retail Labels
- Other
By Region:
- North America
- Latin America
- Europe
- Japan
- APEJ
- Middle East and Africa
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