Pressure Sensitive Labels Market Growth| COVID-19 Analysis
The global Pressure Sensitive Labels Market Growth could get bolstered by the burgeoning e-commerce section. Logistics is getting impelled by the growing demand for support to ensure growth of the e-commerce section. Squarely, that is expected to impact the pressure sensitive labels industry.
Segmentation:
The global Pressure Sensitive Labels Market Growth, as per the detailed report of MRFR, can be segmented by compositions, technology, and application. These segments are enriched with value-based and volume-based data with which a better predictive analysis of the Pressure Sensitive Labels Market Growth.
Based on the technology, the Pressure Sensitive Labels Market Growth includes hot melt, water-based, radiation, solvent-based, and others. The water-based segment is gaining popularity due to rising eco-awareness.
Regional Analysis:
Region-specific analysis of the Pressure Sensitive Labels Market Growth includes Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW). The analysis also includes details of the growth pockets for a better understanding of the market in the coming years. The APAC market is expected to dominate the global sphere and during the forecast period, the regional market is expected to outpace its peers. E-commerce and transportation sectors are expected to boost the global Pressure Sensitive Labels Market Growth with retail sector providing much scope for market expansion by providing considerable warehousing solutions.
North America’s market share is also substantial and the growth in the region is quite significant. The regional market is expected to exceed the estimated market valuation by 2021. Europe is next in line and its market is growing with a moderate speed with potential to surpass the projected market valuation by 2021.
Competitive Landscape:
In May 2019, Acucote, a name to reckon with in the Pressure Sensitive Labels Market Growth, launched their new product that can be printed on pigment and laser systems. This step is to expand their portfolio and include chemical and industrial sectors under their labeling application. Their new product range includes BS5609 Section 2 certified film products: PPG Teslin 7 mil facestock, Kimdura DualTech, Kimdura Inkjet Ultra, and 2.6 mil Matte White Premium Thermal Transfer Polypropylene.
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