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Published Date: 2017-09-20Number of Pages: 170

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

Global Pressure Sensitive Labels Market: Snapshot

The global pressure sensitive labels market has made rapid progress in recent years thanks to the growth of the global retail sector and the food and beverage industry, which have become dominant consumers for the pressure sensitive labels market. Pressure sensitive labels, also called adhesive-backed labels, are used in a wide variety of applications due to their ease of use and the ease they provide in incorporating other technologies such as barcodes into their design, which makes them easy to incorporate into the day-to-day functioning of industries. The ease of incorporating branding material in the design of pressure sensitive labels has also driven their adoption in various sectors and is likely to remain a key driver for the global market in the coming years.

The global pressure sensitive labels market was valued at US$86.8 bn in 2017. According to Transparency Market Research, the global pressure sensitive labels market is likely to exhibit a 5.2% CAGR over the 2017-2022 forecast period and emerge with a valuation of US$112 bn by 2022.

pressure sensitive labels market

Growth of Logistics, Transportation Sector Crucial for Pressure Sensitive Labels Market

One of the major drivers for the global pressure sensitive labels market is the steady growth of the logistics sector in recent years, as well as the rapid subsequent growth of the transportation industry. Logistics has become vital due to the growing adoption of long-distance shipping chains and the need to multiply sales outlets. The pressure sensitive labels market has gained significantly from this trend due to the ease of applying pressure sensitive labels and garner consumer interest. The ease of delivering product information in an attractive format is likely to drive demand for pressure sensitive labels from the logistics and transportation sector in the coming years.

Food and Beverage Industry Likely to Dominate Demand from Pressure Sensitive Labels Market

Growth of the food and beverage industry is likely to be vital for the pressure sensitive labels market. The growing use of food packaging technology in order to facilitate long-distance shipping has made pressure sensitive labels absolutely vital to the food and beverage sector, as they provide the means to incorporate product information, regulatory information, as well as identification data such as barcodes on packaged food.

Paper Likely to Remain Preferred Base Material in Pressure Sensitive Labels Market

Of the various materials used to produce pressure sensitive labels, paper is likely to remain in demand over the coming years due to the convenience of printing paper sheets in various designs. Paper accounted for 42.7% of the global pressure sensitive labels market in 2017, with the segment valued at more than US$37 bn. According to Transparency Market Research, the paper pressure sensitive labels market is likely to exhibit a strong 4.7% CAGR in the 2017-2022 forecast period to rise to a valuation of US$46.6 bn.

Asia Pacific except Japan Set to Dominate Global Pressure Sensitive Labels Market

Geographically, the global pressure sensitive labels market is likely to be dominated by demand from emerging economies in Southeast Asia. Countries such as China, India, South Korea, Malaysia, Indonesia, and Taiwan, where urban development is being carried out at a rapid rate and the local economy is subsequently expanding at robust rates, the pressure sensitive labels industry is likely to be boosted by the growing demand for transportation options. The growing retail sector in these countries, thanks to the rising disposable income of consumers in this region, is also likely to lead to a rise in the demand from the pressure sensitive labels market in Asia Pacific except Japan. APEJ accounted for 33.5% of the global pressure sensitive labels market in 2017 and is likely to consistently remain a leading contributor over the 2017-2022 forecast period.

Competitive Dynamics

Major players in the global pressure sensitive labels market include Avery Dennison Corporation, Henkel, CCL Label Inc., Lintec, Constantia Flexibles Group GmbH, Coveris Holdings SA, 3M, Inland Labels, Fuji Seal International, Inc., and UPM-Raflatac.

Global Pressure Sensitive Labels Market: Overview

The global pressure sensitive labels market is witnessing rapid growth thanks to the demand for pressure sensitive labels in prominent end-use sectors such as food and beverage and logistics. Pressure sensitive tapes are widely used in a number of applications due to their ease of use and their feature to incorporate technologies such barcode in the design. Pressure sensitive labels are used on products to allow easy identification for customers and to deliver branding information to customers. Increasing brand visibility is one of the key objectives of pressure sensitive labels leading o their increasing adoption in various industry sectors.

The report’s authors segregates the worldwide market for pressure sensitive tapes based on material and geography. Based on geography, Asia Pacific is likely to emerge lucrative in the coming years.

The report prepared by seasoned analysts provides an in-depth analysis of the worldwide market for pressure sensitive tapes along with a brilliant evaluation of key segments categorized under different categories. The vendor landscape of the market is analyzed at length to present insights about growth strategies, recent developments, and other crucial business aspects of key players.

Global Pressure Sensitive Labels Market: Trends and Opportunities

Majorly fuelling the global pressure sensitive labels market is the steady growth of the logistics sector in the recent past leading to growth of the transportation industry. Pressure sensitive tapes hold significance for logistics to serve long-distance shipping chains and due to the expansion of retail outlets. Pressure sensitive labels are useful to convey product information in an attractive format, which is leading to their uptake in the logistics and transportation sector.

The steady growth of the food and beverage industry and retail sector is another vital factor having a positive impact on the pressure sensitive labels market. The increasing incorporation of technology in food packaging so as to enable long-distance shipping has made pressure sensitive tapes an indispensable component of the food and beverage sector. Pressure sensitive labels provide crucial product information, identification data such as barcodes, as well as regulatory information for transportation and retailing of packaged food.

The low cost of production of pressure sensitive labels is leading to their widespread adoption in the retail sector, as they are useful for imparting product-related information. The rising adoption of technologies such as near field communication and barcode recognition is leading to the demand for pressure sensitive labels due to ease of integration of these technologies into pressure sensitive labels. Pressure sensitive labels embedded with these one of these technologies are then applied on products without extra labor or expenditure. The expansion of modern retail shopping channels in developing economies of Asia Pacific in thus acting as a major growth driver of the global pressure labels market in these regions.

Global Pressure Sensitive Labels Market: Geographical Analysis

The global pressure sensitive labels market could be segmented into Europe, Asia Pacific except Japan, North America, Latin America, the Middle East and Africa, and Japan. Of them, Asia Pacific except Japan is likely to emerge as a key region due to rising demand for pressure sensitive tapes from emerging economies in Southeast Asia.

Global Pressure Sensitive Labels Market: Companies Mentioned

The worldwide pressure sensitive labels market witnesses the dominance of some leading players such as Avery Dennison Corporation, CCL Label Inc., Constantia Flexibles Group GmbH, 3M, Fuji Seal International Inc., Henkel, Lintec, Coveris Holdings SA, Inland Labels, and UPM-Raflatac.


 
 
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