Market Research Future (MRFR) report on the global Pressure Sensitive Labels Market is a precise evaluation that offers a systematic and thorough overview of the market. The study includes the COVID-19 overview of the global pressure sensitive labels market and offers a comprehensive review of market segments, recent developments, growth prospects, and market challenges from 2020 to 2027 (forecast period) to assess market opportunities.
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The global market for pressure sensitive labels has experienced considerable progress in recent years due to the growth of the global retail and food and beverage industries, which have become dominant consumers in the market for pressure sensitive labels. Pressure sensitive labels, also known as adhesive-backed labels, are used in a wide range of applications due to their ease of use and the ease with which they incorporate other technologies such as barcodes into their design, making 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 led to their adoption in various sectors and is likely to remain a primary driver for the global market in the coming years.
Market Dynamics
The growing transport and logistics industries are primary drivers of the global pressure sensitive label market. With the growth of the e-commerce sector, there is an increasing need for a warehousing solution. The requirement for product authentication, tamper evidence, and security features has driven the demand for pressure sensitive labels. In addition, the increased use across sectors such as food & beverages, pharmaceuticals, and automotive has expanded the market for the global pressure sensitive labels used in packaging.
Key Players
Notable players in the global pressure sensitive labels market report include- CCL Industries Inc., Constantia Flexibles Group GmbH, Henkel AG & Co. KGaA, Avery Dennison Corporation, Technicote Inc., Lintec Corporation, 3M, UPM Raflatac, Inland Label and Marketing Services LLC, NAStar Inc., NSD International, and Reflex Labels Ltd.
Market Segmentation
The global pressure sensitive labels market has been segmented on the basis of compositions, technology, and application.
On the basis of compositions, the global pressure sensitive labels market has been segmented into top coat, face stock, adhesive, and liner.
On the basis of technology, the global pressure sensitive labels market has been segmented into water based, solvent based, hot melt, radiation, and others.
On the basis of application, the global pressure sensitive labels market has been segmented into food & beverages, pharmaceuticals, automotive, and others.
Regional Analysis
On the basis of region, the global pressure sensitive labels market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World.
APAC dominates the global market for pressure sensitive labels with its fastest-growing market worldwide. The region is expected to show strong growth in the e-commerce and transport sectors. Growing organized retail have expanded the reach of warehousing solutions that accelerate the demand for pressure sensitive labels. Moreover, countries such as China, India, South Korea, Malaysia, Indonesia, and Taiwan, where urban growth is occurring at a rapid pace and the local economy is growing at a robust rate, the global pressure-sensitive label industry is likely to be boosted by rising demand for transport options. Due to the increasing disposable income of consumers in the region, the rising retail sector in these countries is also likely to lead to an increase in demand for the pressure sensitive labels market in the Asia Pacific.
North America has a remarkable market share of the global pressure sensitive labels market and is projected to rise rapidly in the near future, followed by Europe.
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