Page 32 - Print21 March-April 2022

Markets
Labels set to grow by 30% over 5 years
The self-adhesive label market is projected to grow by up to 30 per cent Tover the next five years, according to a leading research agency.
Label opportunities: he self-adhesive label In terms of value, the permanent Market set to surge
market will see a CAGR of segment is estimated to be the over next five years 5.4 per cent between now fastest-growing segment in the self-
and 2026, translating into adhesive labels market.
a market that will be 30 In terms of value, the release liner
per cent bigger in five years’ time, segment is estimated to lead the self-
healthcare, and personal care industries in the region is expected to drive the growth of the self-adhesive labels market in APAC.
The growing population in these countries presents a huge customer base for FMCG products and food and beverages, and through them for label producers.
Industrialisation, a growing middle-class population, rising disposable income, changing lifestyles, and rising consumption of packed products, are expected to drive the demand for self-adhesive labels during the forecast period. Australia and New Zealand are more aligned with market growth projections for Europe and North America, which will grow, albeit not by as much as the Asian countries.
The report cites the key players operating in the self-adhesive labels market. However, it says expansions and acquisitions will offer “lucrative opportunities” for all label printers, irrespective of their current market size
The report is titled, “Self-Adhesive Labels Market by Composition (Facestock, Adhesive, Release Liner), Type (Release Liner, Linerless), Nature (Permanent, Repositionable, Removable), Printing Technology, Application, and Region – Global Forecast to 2026.” 21
with the Asia Pacific region seeing the biggest growth of all.
That at least is the conclusion
from research agency MarketsandMarkets, which says the current US$48bn market will grow to US$62.3bn in five years.
It says the self-adhesive labels market is expected to witness
high growth because of rapid urbanisation, demand for pharmaceutical supplies, increasing consumer awareness, and growth of the e-commerce industry.
And it says 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 values of the product and manufactured and expiry dates need to be printed. MarketsandMarkets says, “This is an opportunity for self-adhesive label manufacturers.”
adhesive labels market. The market for linerless labels is projected to grow at a steady rate, as is the market for release liner labels. This is because linerless labels are preferred from an environmental point of view, as their production generates less wastage and requires less paper consumption.
The APAC region is projected to be the fastest-growing region in the self-adhesive labels market, in terms of both value and volume, from 2021 to 2026.
This region is witnessing the highest growth rate due to the rapid economic expansion. The usage of self-adhesive labels in the region
is increasing in part due to cost effectiveness, easy availability of raw materials, and demand for product labelling from consumers, brands and legislators.
In addition the increasing scope of applications of self-adhesive labels in the food and beverage,
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