Impact of COVID-19 on the Global Linerless Labels Market
Linerless labels are pressure-sensitive labels that have a special release coating applied to the face of the label, which permits them to be wound on a roll without the adhesive sticking to the label below it. They are used in various industries, including food & beverage, personal care, pharmaceuticals, and retail. The rising demand from the packaging & labeling industry is the key factor responsible for the growth of the linerless labels market. Also, companies are increasingly demanding for eye-catching labels for their products to gaining the attention of customers. COVID-19 has spread rapidly across the globe, posing a serious threat to human health as well as the global economy. Most industries have been adversely affected. Labeling is a significant part of branding. Due to the outbreak of COVID-19, stringent regulations have been put in place regarding information that can be printed on product labels.
The increasing demand from industries, such as pharmaceuticals, food & beverage, logistics, retail, and personal care, is a key factor responsible for the growth of the lineless labels market. Geographically, the market has been categorized into North America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these, Asia-Pacific is projected to generate the highest revenue as China is the most prominent manufacturing hub globally. China is the leading supplier of raw materials used in manufacturing devices as well as for manufactured products. The industry is facing price fluctuations, a slowdown in production, and disruptions in supply chains due to the spread of the coronavirus pandemic.
Foreign DIrect investments IN TOP COUNTRIES, 2016–2019 (USD MILLION)