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Pressure Sensitive Labels are designed to receive, record, and transmit digital information which leads to reduction of total tracking time. It thus aids to minimize human errors, and exhibits its accuracy and efficiency.
With growing transportation and logistics industries the Pressure Sensitive Labels Industry is growing. The growth of e-commerce industries has led to 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.
With the increase in the concept of barcode scanning for the purposes of generating invoices and the increase demand inventory tracking across the supply chain, the Pressure Sensitive Labels Industry is seen growing significantly.
Segments
Global Pressure Sensitive Labels Industry is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Composition : Comprises – Top coat, Face stock, Adhesive, and Liner
Segmentation By Technology : Comprises – Water based, Solvent based, Radiation, Hot Melt, and others
Segmentation By Application : Comprises – Food & beverages, Pharmaceuticals, Automotive, and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Regional Analysis
Asia-Pacific is expected to show high demand growth for pressure sensitive labels over the coming years, owing to rising disposable incomes and the booming ecommerce industry. The Pressure Sensitive Labels Industry in developing countries such as China and India are estimated to grow at a high rate in the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with increase in online shopping, increased investment by packaging industries, and rapid urbanization.
China accounts for the largest market in Asia Pacific. China dominates with its electronics and appliance industry. Domestic manufacturers are accounting for the increase in share of consumer electronics due to growing brand reputation and improved technology. Factors such as rising increase in disposable income, urbanization are some of the major factors driving the demand for Pressure Sensitive Labels solutions in the packaging.
Key Players
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. are some of the prominent players at the forefront of competition in the global Pressure Sensitive Labels Industry and are profiled in MRFR Analysis.
Read More :
https://uberant.com/article/732081-automotive-tire-market-global-trends-and-forecast-to-2025/
https://uberant.com/article/732097-industrial-vehicles-market-2020-analysis/
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