The self-adhesive labels market is projected to grow at a CAGR of 5.5%
LONDON, July 23, 2018 /PRNewswire/ -- The self-adhesive labels market is projected to grow at a CAGR of 5.5%.
The self-adhesive labels market is projected to grow at a CAGR of 5.5% and reach USD 40.50 billion by 2023, from USD 31.06 billion in 2018. The growth of this market is propelled by factors such as increase in urban population, demand for pharmaceutical supplies, increase in consumer awareness, and growth of the e-commerce industry. The market is further driven by factors such as growing demand for convenience and quality food products. Advantages of wet-glue labels over self-adhesive labels and printing on the package itself restrain the demand for self-adhesive labels.
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The permanent segment is to witness a high growth rate during the forecast period.
The permanent segment is projected to be the fastest growing nature segment in the self-adhesive labels market due to its long-term durability and resistance on difficult surfaces.The repositionable segment is projected to be the second-fastest growing in the self-adhesive labels market from 2018 to 2023.
This growth can be attributed to its applications in areas that require a high level of positional accuracy.
Asia Pacific is projected to be the largest market for self-adhesive labels during the forecast period.
The Asia Pacific is projected to be to be the largest market between 2018 and 2023.The major factor driving the growth of the market is the rapid urbanization in China and India, along with the growth in disposable income in this region.
Additionally, the FDI investments in the organized retail sector, along with the growing demand for packaged food products and convenience products, are supporting the demand for self-adhesive labels market in this region.The European and North American regions are projected to account for the second- and third-largest market shares, respectively, in 2018.
North America and Europe have many established self-adhesive label manufacturing companies, because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the self-adhesive labels market.Estimates reached after analyzing secondary sources were validated through these interviews.
Primary sources included professionals such as label manufacturers, raw material providers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
-- By Company Type: Tier 1 - 40%, Tier 2 - 25%, and Tier 3 - 35%
-- By Designation: C-level Executives - 35%, Directors - 30%, and Others* - 35%
-- By Region: North America - 25%, Europe - 20%, Asia Pacific - 45%, and RoW - 10%
*Others include sales managers, marketing managers, and product managers.
Note: RoW includes Middle East & Africa and South America.
The tier of the companies is defined on the basis of their total revenues, as of 2017.
Tier 1: Revenue > USD 5 billion
Tier 2: USD 1 billion < revenue < USD 5 billion
Tier 3: Revenue < USD 1 billion
The various key players profiled in the report are as follows:
-- Avery Dennison (US)
-- CCL Industries (Canada)
-- Constantia Flexibles Group (Austria)
-- UPM-Kymmene (Finland)
-- Multi-Color Corporation (US)
-- Coveris holdings S.A. (US)
-- Fuji Seal International (Japan)
-- Huhtamaki (Finland)
-- LINTEC (Japan)
-- Torraspapel Adestor (Spain)
Research Coverage
The primary objective of this study is to define, forecast, and segment the self-adhesive labels market on the basis of type, nature, printing technology, application, and region.The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market.
It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as acquisitions, new product developments, expansions, divestments, investments, agreements, collaborations, joint ventures, partnerships, and research & development activities in the self-adhesive labels market.
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
-- This report segments the self-adhesive labels market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
-- The report helps stakeholders to understand the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes a ranking of the top five players in the self-adhesive labels market.
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