Key Market Insights:
The global self-adhesive labels market reached a value of USD 40.8 billion in 2020 and is anticipated to expand from USD 42.9 billion in 2021 to USD 64.9 billion by 2028, registering a CAGR of 6.1% during the forecast period of 2021 to 2028. The onset of the COVID-19 pandemic caused a significant downturn in demand for self-adhesive labels across all regions. However, as the pandemic subsides, the market is expected to rebound, with a notable surge in demand driving the accelerated growth rate.
Fortune Business Insights™ mentioned this in a report titled, “Self-Adhesive Labels Market, 2024-2028.”
Self-adhesive labels, also known as pressure-sensitive labels, rely on pressure during application to adhere to surfaces. They are extensively used across various industries due to their adhesive properties, UV and solvent resistance, shear resistance, and suitability for varying temperatures. These labels enhance the visual appeal of products, particularly in the food and beverage sector, where consumers increasingly seek detailed information on ingredients. The ease of application and time-saving benefits further contribute to their widespread adoption. The expanding food and beverage and pharmaceutical sectors are anticipated to provide significant growth opportunities for the global labels market.
Market Trends:
A notable trend shaping the self-adhesive labels market is the growing emphasis on biodegradable products. With rising environmental awareness among consumers, there is a growing demand for labels made from eco-friendly materials. Manufacturers are innovating with materials such as grass paper to develop sustainable label solutions suitable for applications in cosmetics, food, and beverages. Additionally, digital labels are gaining traction due to their enhanced aesthetic appeal, durability, waterproof properties, and ease of use.
Growth Factors:
The increasing demand for self-adhesive labels stems from various sectors, including consumer goods, food and beverages, pharmaceuticals, and medical products. These labels play a crucial role in conveying vital information such as manufacturing dates, expiry dates, and ingredient details to consumers, thereby aiding in product selection and ensuring regulatory compliance. The surge in demand for consumer goods, driven by population growth and rising disposable incomes, further propels market growth.
Another factor driving market expansion is the cost-effectiveness of self-adhesive labels compared to alternative labeling options. The raw materials required for manufacturing these labels, including plastic, paper, and adhesives, are readily available and cost-effective, contributing to their widespread adoption.
Restraints:
However, stringent government regulations pertaining to the labeling of food products pose a challenge to market growth. Compliance with regulations regarding packaging and labeling standards, particularly in the food and beverage sector, requires careful consideration to prevent potential health hazards. The risk of ink and adhesive materials penetrating packaging and contaminating food products underscores the need for adherence to regulatory guidelines, thus restraining market growth.
Market Segmentation Analysis:
The market for self-adhesive labels is segmented based on type, label type, application, and region. Release liner labels account for a significant share, driven by demand from the pharmaceutical and food industries. Linerless labels, characterized by their pressure-sensitive nature and absence of backing paper, find extensive use in industrial applications, offering benefits such as cost-effectiveness and reduced paper wastage.
Permanent labels dominate the market due to their superior adhesion and durability properties, making them suitable for a wide range of applications across industries. In contrast, removable labels cater to temporary labeling needs, offering easy removal without leaving residue, and are commonly used in price tags and promotional materials.
Information Source: https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289
Regional Analysis:
Asia Pacific emerged as the dominant market for self-adhesive labels in 2020, driven by factors such as easy access to raw materials and growing demand from diverse end-use industries. Countries like China and India witness significant manufacturing activities, supported by abundant raw material availability, contributing to regional market growth. The densely populated nature of countries like India and China further expands the consumer base for various products, including FMCG, food, and healthcare items.
North America is poised for significant growth, fueled by a robust manufacturing base and the burgeoning e-commerce sector in the United States. Rising disposable incomes and changing lifestyles drive demand for consumer goods, further boosting the market for self-adhesive labels. Europe is expected to witness considerable growth, driven by increasing consumer awareness regarding product specifications and the growing demand for labels across industries such as packaging, consumer goods, and pharmaceuticals.
Industry Developments:
Recent industry developments include product launches, acquisitions, and partnerships aimed at enhancing product offerings and market presence. For example, Herma introduced a new wash-off label adhesive designed for PET bottles, while Labelmakers Group acquired Rapid Labels to expand into the nutraceuticals segment. Similarly, Geostick acquired the labels division of iPB Printing B.V., bolstering its position in the self-adhesive labels market.
List of Key Players Present in the Report:
3M Company (Minneapolis, U.S.)
Axicon Labels (Oxfordshire, U.K.)
Avery Products Corporation (California, U.S.)
ETIS Slovakia (Bratislava, Slovakia)
UPM Raflatac (Helsinki, Finland)
Müroll GmbH (Frastanz, Austria)
Mondi Group (Vienna, Austria)
H.B Fuller (Minnesota, U.S.)
LEO DESIGNS AND PACKAGING PVT LTD (Himachal Pradesh, India)
Holoflex (West Bengal, India)
Avery Dennison Corporation (California, U.S.)
Pasky s.r.o. (Prague, Czech Republic)