Industry Press Releases

Global Labels Market By Application Method, Material and Market, 8th Edition

Wednesday, Jun 07, 2017

Pressure sensitive labels have become the leading product type, but glue-applied products continue to maintain a substantial market presence, while in-mold labels and shrink labels grow beyond niche status. Overall demand for packaging is expected to grow 4.1 percent annually through 2020.

Read the full report: http://www.reportlinker.com/p04895345/Global-Labels-Market-By-Application-Method-Material-and-Market-Edition.html

Global Labels Market addresses the following questions and more:
- Which countries will offset the slowdown in growth of the massive Chinese label market?
- Which label types offer the best opportunities for growth?
- How will changes in packaging format preference affect the market for labels?

Label sales follow manufacturing activity
Because labels are used mainly in primary packaging applications, label demand tends to track trends in manufacturing activity and is especially responsive to trends in certain nondurable goods segments, including food and beverage processing.

Key Findings in the Global Labels Market Study

Asia/Pacific to Lead Growth & Remain Largest Regional Market
The largest regional label markets are where there is the most manufacturing activity, including North America, Western Europe, and the industrialized portions of the Asia/Pacific region. North America and Western Europe are relatively mature markets and are expected to register modest growth through.

In contrast, the Asia/Pacific region is projected to exhibit the fastest growth among regional markets, even as the massive Chinese market's growth slows demonstrably as its economy begins to decelerate somewhat. Manufacturing activity is also expected to grow rapidly in the Africa/Mideast region, leading to above average growth for label demand, although this will remain a comparatively small regional market.

Pressure Sensitive Labels to Increase Market Share
Pressure sensitive labels have become the most common label format, although glue-applied labels still have a significant presence in several applications, including beverage packaging. Niche products such as in-mold labels will register strong growth through 2020, but will continue to account for a relatively small share of global demand.

Pharmaceutical Market to Offer Strong Growth Opportunites
While smaller than the food and beverage markets, the pharmaceutical market labels will exhibit the fastest growth among major markets. Increased drug production will be the primary factor driving growth. Trends favoring the use of smaller-sized medication containers will also increase the number of labels required by pharmaceutical manufacturers. Additionally, pharmaceutical label demand will benefit from intensified efforts to combat drug counterfeiting and diversion.

Study Coverage
This study presents historical demand data (2005, 2010 and 2015) and forecasts (2020 and 2025) by application method (pressure sensitive, glue-applied, and other including sleeves and in-mold labels), backing material (paper, and plastic and other including foils), and market (food, beverages, chemicals, pharmaceuticals, durable goods, and others -- including office and consumer).

The study also evaluates company market share and industry competitors including Avery Dennison, CCL Industries, Constantia Flexibles, Fuji Seal International, LINTEC, Multi-Color, and UPM Raflatac.
Read the full report: http://www.reportlinker.com/p04895345/Global-Labels-Market-By-Application-Method-Material-and-Market-Edition.html

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Source: prnewswire.com

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