Kenneth Research, in its repository of market research reports, have recently added a report on Self Adhesive Label Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Self Adhesive Label Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
Global Self-Adhesive Labels Industry was valued at USD 31.57 Billion in the year 2018. Global Self-Adhesive Labels Industry is further estimated to grow at a CAGR of 5.7% from 2019 to reach USD 46.5 Billion by the year 2025. Self-adhesive labels are normally used to fix on the packaging. These labels show the essential information about the product. They are also used for decorative purposes to grasp the attention and attract consumers.
Asia-Pacific region holds the highest Industry share in 2018 and also considered as the fastest growing Industry in the forecasted period. At a country level, developed markets like China holds the notable Industry share in 2018 and it is projected to grow in the coming years. The growth of e-commerce industries brings the demand for packaging, which uses the self-adhesive labels.
Global Self-adhesive labels Industry is segmented based on Compositions, type, application, and region. On the basis of the by type, the Industry is segmented into the temporary or removable and permanent. Permanent labels accounted for the largest Industry share in 2017. On the basis of the application, the Industry is further segmented into consumer goods, Food & Beverages, Pharmaceuticals, and others. The consumer goods dominating the application segment of the global the self-adhesive labels Industry.
Major market players in Self-Adhesive Labels Industry are Henkel AG & Co., Torraspapel Adestor, Avery Dennison Corporation, CCL Industries Inc., Americk Packaging Group, Constantia Flexibles Group Gmbh, S&K LABEL Spol.S R.O., H.B. Fuller Company, UPM-Kymmene Oyj, 3M Company, and 9 more companies detailed information is provided in the report.
SWOT analysis of Self-Adhesive Labels Industry
High growth in the transportation and logistics sector
Growing acceptance and demand in the end-use industry
Lack of awareness about various types of labeling techniques
Growing demand for Self-Adhesive Labels across numerous applications
New Product Development
Fluctuating price of raw materials
Strict government guidelines
Self-Adhesive Labels Industry Segmentation
Self-Adhesive Labels Industry Overview, By Compositions
• Release Liner
• Adhesive Layer
• Face Stock
Self-Adhesive Labels Industry Overview, By Type
Self-Adhesive Labels Industry Overview, By Application
• Consumer Goods
• Food & Beverages
Self-Adhesive Labels Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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