The global self-adhesive labels market size is expected to reach USD 71.24 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period. The growing consumer awareness about product ingredients coupled with heavy demand are factors expected to bolster the growth of the market, states Fortune Business Insights, in a report, titled “Self-Adhesive Labels Market Size, Share & Industry Analysis, By Type (Linerless, Release Liner), By Label Type (Permanent, Removable), By Application (Food & Beverages, Pharmaceutical, Household & Personal Care, Consumer Goods, Others), and Regional Forecast, 2020-2027.” The market size stood at USD 43.62 billion in 2019.
The Report Lists the Key Companies in the Self-Adhesive Labels Market:
- 3M Company (Minneapolis, U.S.)
- Axicon Labels (Oxfordshire, UK)
- Avery Products Corporation (California, U.S.)
- ETIS Slovakia (Bratislava, Slovakia)
- UPM Raflatac (Helsinki, Finland)
- Müroll GmbH (Frastanz, Austria)
- Royston Labels Ltd (Royston, UK)
- S&K LABEL (Illinois, U.S.)
- SVS Etikety (Karlstejn, Czech Republic)
- Mondi Group (Vienna, Austria)
- B Fuller (Minnesota, U.S.)
- LEO DESIGNS AND PACKAGING PVT LTD (Himachal Pradesh, India)
- Holoflex (West Bengal, India)
- Pasky s.r.o. (Prague, Czech Republic)
- Other Key Players
The report on the self-adhesive labels market highlights:
- Comprehensive analysis of the market
- Dynamic insights into the segments
- All-embracing data about dominant regions
- Key information about prominent players
- Latest developments
- Market drivers and restraints
- COVID-19 pandemic
Market Driver:
Surging Consumer Goods Industry to Augment Growth
The growing utilization of labels in food & beverages, pharmaceutical, medical, and consumer goods industries will have a tremendous impact on the global market during the forecast period. Self-adhesive labels are generally used to describe the contents, manufacturing date, expiry date, and other important information of the product. Furthermore, the growing demand for packaged food, clothing, electronics, consumer durables, and non-durable goods will foster the healthy growth of the market
Regional Analysis:
Flourishing Cosmetic Industry to Stimulate Growth in Europe
The market in Europe is expected to hold the largest share in the global market owing to the growing awareness among consumers in countries such as Germany, the UK, France, and others. The significant demand for consumables, cosmetics, personal care products, including electrical appliances, electronics, tools, packages will boost the growth of the market in the region.
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