Latest Insights: Self-Adhesive Labels Market Analysis for 2024, Including Market Size, Developments, Predictions, and Forecasts Extending Until 2032
In the ever-evolving world, the self-adhesive labels market is rapidly expanding, projected to reach a whopping USD 71.24 billion by 2027, growing at a CAGR of 6.3% during the forecast period. Driven by factors such as surging consumer awareness and heavy demand, this market is poised for a thrilling ride, as Fortune Business Insights suggests in their insightful report[1].
Let's face it; the global economy is going through a rough patch, courtesy of the deadly novel coronavirus. Various countries have imposed lockdowns in a bid to halt the virus' spread. However, adversity breeds creativity, and the self-adhesive labels market is no exception. While the pandemic has thrown a spanner in the works, causing disturbances in production and supply chains, the industry is adapting with resilience[1].
Now, let's dive into what makes this market tick:
Key Highlights of the Report:
- Comprehensive analysis of the market
- Dynamic insights into the segments
- All-encompassing data about dominant regions
- Key information about prominent players
- Latest developments
- Market drivers and restraints
Factors Powering Market Growth:
Booming Consumer Goods Industry:
The spiraling utilization of labels in industries like food & beverages, pharmaceuticals, medical, and consumer goods will have a significant impact on the global market during the forecast period. Labels are critical for outlining product contents, manufacturing dates, expiry dates, and other crucial information[1].
Rising Demand for Packaged Goods:
The growing consumer demand for packaged food, clothing, electronics, consumer durables, and non-durable goods will foster the healthy growth of the market. As population numbers swell and consumer demand escalates, the market is expected to expand swiftly[1].
Don't forget about the burgeoning FMCG industry due to the escalation of per-capita disposable income. This growth will fuel the expansion of the market in the forthcoming years[1].
Headwinds Hindering Market Growth:
Disrupted Supply Chain:
The global market has experienced a massive interruption due to the COVID-19 pandemic. Strict government policies to control the virus spread have negatively impacted the sales and production of labels[1].
However, the demand for label technology in the medical and food industry will uplift the business, while constant efforts for the smooth supply of pharmaceutical and food products will spur opportunities for the market during the forecast period[1].
[1] - https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289
Regional Analysis:
Thriving Cosmetic Industry in Europe:
The market in Europe is anticipated to hold the largest share in the global market, thanks to the growing awareness among consumers in nations such as Germany, the UK, France, and others. The booming packaging, consumer goods, pharmaceutical, electronics, food, and beverage sectors will fuel demand for labeling, as labels offer a time-saving, convenient, and inexpensive option[1].
Rapidly Expanding Market in North America:
The growing commerce sector in the U.S can spur demand for labelling, thus promoting the growth of the market in the region[1].
Key Developments:
[Historical and Recent Developments in the Self-Adhesive Labels Market]
August 2020: Xeikon announced a strategic partnership with EFI Jetrion. Under this partnership, Xeikon will offer support, service, and sales of Jetrion digital label printing systems, thereby expanding its UV inkjet presses and digital dry toner portfolio for the self-adhesive label market[1].
** Key Players in the Market:**
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)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
Covid-19 Impact:
[Impact of Covid-19 on the Self-Adhesive Labels Market]
During these challenging times, it's essential for businesses to stay informed about market trends and changes. But don't worry, our revised reports will provide you with reliable insights into the present scenario of every market, enabling you to make strategic decisions accordingly[1].
Sources:
[1] - https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289[2] - https://www.marketsandmarkets.com/Market-Reports/Pressure-Sensitive-Tapes-Labels-Market-3079569.html[3] - https://www. labels-technology.com/knowledge/covid-19-impact-label-industry/[4] - https://www.gmaonline.org/press-room/new-global-gma-research-report-paints-optimistic-44-billion-scenario-for-food-and-beverage-e-commerce[5] - https://www.marketsandmarkets.com/PressReleases/Pressure-Sensitive-Tapes-Labels.asp[6] - https://www.statista.com/topics/2006/online-shopping/[7] - https://www.emarketer.com/Content/world-ecommerce-sales-growth-2019[8] - https://www.statista.com/topics/2115/self-adhesive-labels/[9] - https://www.labels-technology.com/knowledge/pressure-sensitive-labels-market-report/[10] - https://www.marketsandmarkets.com/PressReleases/Pressure-Sensitive-Tapes-Labels.asp
- In the dynamic global economy, the finance sector, with lenders providing crucial funding for manufacturers and retailers in the self-adhesive labels market, plays a significant role in driving market growth.
- As the self-adhesive labels market rapidly expands in retail sectors such as food & beverages, pharmaceuticals, medical, consumer goods, and electronics, it inevitably affects the manufacturing industry, as these sectors require a vast amount of labels for their products.
