Pressure Sensitive Labels Market Is Projected To Be Worth USD 93190 million By 2030, Registering A CAGR Of 7.30% During The Forecast Period (2022-2030).
The growth USD 93190 million at a CAGR 7.30% of the pressure-sensitive lables market is surging in the forecast period. Pressure labels are the most used labels in many industries. The use of sensitive labels is prevalent in the food industry. Further, the pharmaceutical sector is the next largest market using sensitive labels. The pressure-sensitive labels are effective as they come with many features. They come in film, plastic, paper and other adhesive materials.
They can stick to any surface effectively without the need for heat. With proper pressure these labels can be stuck to any material. There are both permanent and temporary types of pressure labels in this market. Due to their exceptional feature, they are suitable for heavy-duty applications. Many factors are expected to drive demand for pressure-sensitive labels. Demand from the e-commerce industry, warehousing and logistics will surge the supply rates of the market.
Further, the demand for pressure-sensitive labels in the automotive market will contribute to high market opportunities. There are product authentication and security benefits when using this label. This entire factor will increase the usage of the product in regions such as North America and Asia pacific. Also, these are factors that will contribute to high market value in the forecast period.
The growing transportation and logistics industries are the key drivers of Pressure Sensitive labels market. With the growth of e-commerce industries, there is an increased need for warehousing solution. The need for product authentication, tamper evidence and security features have stimulated the market for pressure sensitive labels. Furthermore the increased application across the sectors such as food & beverages, pharmaceuticals and automotive has fueled the market for Pressure Sensitive labels used in packaging. The global Pressure Sensitive labels market is expected reach USD USD 88,763.20 million at the end of the forecasted period and is expected to grow at CAGR of 4.90% from 2022-2030.
Global Pressure Sensitive labels market is segmented on the basis of Compositions, Technology, Application and Region. On the basis of compositions it is segmented as top coat, face stock, adhesive, and liner. On the basis of technology it is segmented as water based, solvent based, radiation, hot melt, and others. On the basis of application it is segmented as food & beverages, pharmaceuticals, automotive, and others. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.
APAC dominates the global pressure sensitive labels market with its fastest growing market worldwide. It will expand at a CAGR XX% over the forecast period. The region is expected to show rapid growth in e-commerce and transportation sectors. The growing organized retails have widened the scope of warehousing solutions which staggers the demand for pressure sensitive labels.
However, North America holds an impressive market share of Pressure Sensitive market and is expected to grow rapidly over USD XX million by 2021. It is followed by Europe which is also expected to grow at CAGR of XX% respectively from 2016 to 2021.
The key players of global pressure sensitive labels market report include- Constantia Flexibles Group GmbH, Henkel AG & Co. KGaA, Avery Dennison Corporation, CCL Industries Inc., Technicote Inc., Lintec Corporation, 3M, NSD International, UPM Raflatac, Inland Label and Marketing Services LLC, NAStar Inc., and Reflex Labels Ltd.
The report for Global Pressure Sensitive Labels Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.Recent Development
Avery Dennison achieves bio certification for their new pressure-sensitive label. The company has announced its new hot melt adhesive. Due to the certification, the market will experience more growth opportunities. Sustainable packaging is a benefit of this product. Further, replacing petroleum-based products is possible.
Dow Packaging and Speciality packages announce their new product in the market. The launch of AFFINITY GA polyolefin elastomers will create more demand. This new launch is expected to benefit Dow customers and also help the company to reach a milestone. With this development, the company is developing sustainable goals.
|Market Size||USD 93190 million|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Compositions, Technology, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Constantia Flexibles Group GmbH, Henkel AG & Co. KGaA, Avery Dennison Corporation, CCL Industries Inc., Technicote Inc., Lintec Corporation, 3M, NSD International, UPM Raflatac, Inland Label and Marketing Services LLC, NAStar Inc., and Reflex Labels Ltd.|
|Key Market Opportunities||Increased use across sectors such as food & beverages, pharmaceuticals, and automotive|
|Key Market Drivers||
Major composition segments of the pressure sensitive labels market include face stock, top coat, adhesive, and liner.
Major applications of pressure sensitive labels include food and beverages, pharmaceuticals, automotive, and others.
The growing transportation and logistics industry is a key driver for the pressure sensitive labels market.
Asia Pacific is the dominant regional market for pressure sensitive labels.
Leading players in the pressure sensitive labels market include Constantia Flexibles Group, Avery Dennison Corporation, and Lintec Corporation, among others.