Pressure Sensitive Labels Market: Trends, outlook and Opportunity Analysis

According to the report, the global pressure sensitive labels market will register a healthy CAGR of 5.2% from 2017 to 2022, rising from a valuation of US$86.8 bn in 2017 to a revenue opportunity of US$112 bn by 2022.

Some of the leading companies in the market are Fuji Seal International, Inc., Constantia Flexibles Group GmbH, Avery Dennison Corporation, Coveris Holdings SA, Henkel, CCL Label Inc., UPM-Raflatac, Lintec, Inland Labels, and 3M.

APEJ Emerges as Most Lucrative Regional Market

Of the key face stock materials used for manufacturing pressure sensitive labels, paper is expected to remain the most preferred over the forecast period, with the use of paper likely to outstrip that of other substitutes such PET, polypropylene, and polyethylene. The comparatively lower costs of paper-based pressure sensitive labels are expected to help the segment account for nearly 41.7% of the overall market by the end of the forecast period, with its valuation rising to US$46.6 bn by the end of the forecast period.

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Flourishing Foods and Beverages Industry to Provide Impetus to Market Growth

Steady expansion of the food and beverages industry and the retail sector in recent years has proved to be crucial for the steady growth of the global pressure sensitive labels market and is likely to remain a prominent decisive force determining the future scope of development of the market. The market also benefits from the ease of manufacturing pressure sensitive labels at economical costs, which has enabled their large scale adoption in the retail industry for delivering product-related data in an easy manner.

The rising demand for the large-scale adoption of novel technologies such as barcode has also amplified the overall global uptake of pressure sensitive labels in the past few years. This trend has been compounded with the vast rise in modern retail channels such as supermarkets and hypermarkets in emerging economies in regions such as Asia Pacific and Latin America, ensuring a healthy growth trajectory for the global pressure sensitive labels market.

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