The self-adhesive labels market is growing in accordance with the development trends of the converting and packaging industries. Factors such as increasing urban population, demand for pharmaceutical supplies, increasing consumer awareness, and growing e-commerce industry have propelled the global self-adhesive labels market. With the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates need to be printed; this is an opportunity for growth for the self-adhesive label manufacturers. The global self-adhesive labels market is projected to be valued at USD 43.3 billion by 2025, growing at a CAGR of 4.6% from 2018 to 2025.
The Asia-Pacific region is projected to account for maximum growth rate over the forecast period, due to the rapid growth of the large Chinese and Indian self-adhesive label markets. However, gains are anticipated to slow down from the fevered pace registered in the recent years. China’s huge market for self-adhesive labels is projected to account for almost 15% of self-adhesive label demand worldwide through 2018. The Indian self-adhesive labels market trails China’s in terms of market size, and is projected to post growth of around 9% over the forecast period. Hence, Asia-Pacific is expected to witness highest CAGR in the self-adhesive labels market over the forecast period
In terms of application, the demand for self-adhesive labels in the food & beverage industry accounted for the largest share, in 2017; it is projected to grow at the highest CAGR during the forecast period. This is due to the growing demand for packaged and branded products, and consumer awareness toward authenticity and other details. The fruit & vegetable industry has also posed high demand for self-adhesive labels; they help specify the quality, source of the fruit/vegetable, and also its price. Meat and poultry products are packed in a tray with a film wrapped around them; self-adhesive labels are used on the film to specify the manufacturing company, weight, expiry date, and other details concerning the product. Beverage products often use self-adhesive labels on bottles, forming a very large market. Furthermore, food & beverage industry’s demand for self-adhesive labels market is expected to increase in the further.
Companies such as Avery Dennison Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, UPM-Kymmene Oyj, and 3M Company are profiled to provide an insight into the competitive scenario of the self-adhesive labels market.
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