Self-Adhesive Labels Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
10 May, 2023
The global self-adhesive lables market size is expected to grow from $50.62 billion in 2022 to $53.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The self-adhesive lables market size is expected to reach $68.76 billion in 2027 at a CAGR of 6.2%.
Global Self-Adhesive Labels Market Key Driver
The rising consumption of packed products is expected to propel the growth of the self-adhesive labels market. Packaged products are consumer packaged goods that the average customer consumes daily, such as food, beverages, cigarettes, makeup, and household products. The increasing number of dual household incomes, longer working hours, and the inability to manage own cooked meals have increased the demand for packaged meals, particularly ready-to-eat foods, snacks, and beverages. The purpose of product packaging is to safeguard the product inside. Packaging must protect the goods during transit between the manufacturing site and the retailer and protect the product while it is on the shelf.
Get a Sample of the global self-adhesive labels market reportGlobal Self-Adhesive Labels Market Segments
The global self-adhesive labels market is segmented:
1) By Adhesive Type: Hot-melt, Emulsion Acrylic, Solvent
2) By Nature: Permanent, Removable, Repositionable
3) By Composition: Release Liner, Adhesive Layer, Face Stock
4) By Printing Technology: Flexography, Digital Printing, Lithography, Screen Printing, Gravure, Letterpress, Offset
5) By End Users: Food and Beverages, Pharmaceuticals, Tracking, Logistics and Transport, Home and Personal Care, Consumer Durables, Others End Users
6) By Geography: The regions covered in the self-adhesive labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global self-adhesive labels market.
Major Self-Adhesive Labels Industry Players
Connecticut Chemicals (Canada) Limited (CCL) Industries Inc., Avery Dennison Corporation, Multi-Color Corporation, Coveris Holdings S.A, Huhtamaki OYJ Company, Fuji Seal International Inc.
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Self-Adhesive Labels Market Overview
Self-adhesive labels are pressure-sensitive labels with an adhesive-coated face material that require only the pressure of a finger to adhere to a substrate as they utilize a pressure-sensitive adhesive that is sticky under normal conditions. These labels are made of a plus substance (composite-like material with film or paper), adhesive on the back, and silicone-coated protecting paper.
Self-Adhesive Labels Global Market Report 2023 provides data on the global self-adhesive labels market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The self-adhesive labels market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.