USD 46.88 billion
Report ID:
SQMIG15E2171 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Self-Adhesive Labels Market size was valued at USD 46.88 billion in 2019 and is poised to grow from USD 49.36 billion in 2023 to USD 74.62 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).
Self-adhesive labels are widely used across various end-use industries such as food and beverage, healthcare, cosmetics, and personal care products. The market is expected to experience continued growth in the coming years due to the increasing demand for convenience and the need for product differentiation.
The market growth is driven by the increasing demand for packaged food and beverages, the growth of the e-commerce industry, and the increasing demand for RFID-based labels. The global market is dominated by the Asia-Pacific region, with China and India being the major markets in the region. This is due to the increasing demand for packaged food and beverages, the growth of the e-commerce industry, and the increasing demand for consumer goods. North America and Europe are also significant markets, driven by the increasing demand for healthcare products and the growth of the e-commerce industry. In conclusion, the global self-adhesive labels market is expected to continue to experience growth in the coming years. This growth is driven by the increasing demand for convenience, the growth of the e-commerce industry, and the increasing demand for RFID-based labels. The Asia-Pacific region is the dominant market, but North America and Europe are also significant markets due to the increasing demand for healthcare products and growth of the e-commerce industry.
US Self-Adhesive Labels Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 46.88 billion
Largest Segment
Release liner
Fastest Growth
Release liner
Growth Rate
5.3% CAGR
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Global self-adhesive labels market is segmented on the basis of type, application and region. By type, the market is segmented into linerless and release liner. By type, market is segmented into food & beverage, pharmaceutical, household & personal care, consumer goods, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Self-Adhesive Labels Market Analysis by Type
To prevent the labels from sticking to undesirable surfaces, pressure-sensitive labels are provided with release liners. Self-adhesive labels with release liners are essential to packaging and labeling procedures in many industries. Due to its inexpensive cost and easy availability, the paper makes up about 90% of release liners. The remaining labels feature film release liners, which, while more durable than paper liners, are also more expensive. It guards the labels against a number of things, including dust and other tiny particles that can bind to the adhesive side of the labels and weaken their sticking power. The release liner market is probably being driven by rising demand from the food and pharmaceutical industries.
Pressure-sensitive BOPP, paper, or polymer films that are wound as rolls without backing paper are typically referred to as linerless. Hot melt adhesives, either temporary or permanent, are used to coat them. Due to its availability in a variety of colors, lack of backing paper, user-friendliness, cost-effectiveness, and aesthetically pleasing nature, it is extensively used by the industrial sector for a wide range of applications, including wraparounds for bottles, package labeling, and packaging, among others. In addition, because the roll is lighter without the backing paper, the reel capacity is increased and the cost of transportation is reduced dramatically by 15% to 30% when compared to traditional adhesive labels with backing paper. Consumers are moving towards items with less paper waste, including linerless adhesives, as a result of growing consumer awareness of paper waste and its impact on the environment. Market growth is projected to be fueled by rising demand from the industrial and commercial sectors for environmentally and financially sustainable labeling choices.
Self-Adhesive Labels Market Analysis by Application
Food and beverage dominated the global market share due to consumers' preference for ready-to-cook and ready-to-eat convenience meals as a result of their hectic lifestyles. Important information, like the date of manufacture and the expiration date, is included on the labels of food goods. As an illustration, a number of organizations have mandated that manufacturers list the contents, shelf life, and storage temperature. The demand for labels in the food and beverage industry has significantly increased due to the rising popularity of packaged convenience foods. Self-adhesive labels and tapes are also used by new food delivery startups like Zomato, Uber Eats, and Swiggy to brand and seal packages. This element is anticipated to fuel market expansion.
The government has mandated that information on the chemicals that are present in pills, tablets, and other pharmaceutical items, as well as how much of each ingredient is there, be displayed. Pharmaceutical products are made with the highest care and control in a controlled atmosphere to prevent medication contamination. For instance, Section 96 of The Medicines and Cosmetics Regulations Act of 1945 mandates that the metric system be used for the accurate description of drugs as well as the statement of their net content in terms of volume, measure, weight, and other factors. Hence, special labels that are different from standard labels are needed for medicinal medications. For example, the label's ink must adhere to pharmaceutical standards, the adhesive must tolerate cold temperatures, and the label cannot hurt the product.
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Asia Pacific dominated the global market share and is expected to maintain its dominance during the forecast period, owing to factors such as cheap availability of raw materials and rising demand from various end-use sectors, which may boost the customer base. Due to the cheap accessibility of raw materials like adhesives, paper, plastic films, and others, manufacturing activities are projected to increase in China and India, which would likely accelerate the development of the regional market. Furthermore, the demand for consumer goods like FMCG, food and beverage items, healthcare, and medical products would be fueled by the densely populated nations of Asia Pacific like India, China, Indonesia, Bangladesh, Japan, and Pakistan.
Because of the extensive industrial base, the North American market is anticipated to expand rapidly during the forecast period. The need for labels used for packaging is being fueled by the expanding e-commerce market in the United States. Also, it is projected that an increase in disposable income would increase consumer demand, which will support this market's expansion. Due to the busy lives of working people, there has been a considerable rise in the demand for consumables, ready-to-eat food, packaged food, and beverages. Market development in this area will be aided by the high demand for removable adhesive labels from end-use industries including food and beverage, packaging, e-commerce, pharmaceuticals, and others.
The market in Europe is predicted to grow significantly during the forecast period. The demand for these labels will rise as consumers become more aware of the contents of products like consumables, cosmetics, personal care items, and details about consumer goods like electrical appliances, electronics, tools, packages, and others. Due to advantages like reduced time consumption, convenience, and cost, the product is in higher demand in the packaging industry, consumer goods, pharmaceutical, electronics, food, and beverage sectors. These elements will fuel the development of the European market.
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Self-Adhesive Labels Market Drivers
Increasing demand for packaged foods and beverages
Growing e-commerce industry
Demand for variable data printing
Emergence of smart labeling solutions
Growing demand for sustainable and eco-friendly labeling solutions
Self-Adhesive Labels Market Restraints
Environmental concerns
Increasing competition from alternative labeling solutions
High capital investment required
Challenges in label printing and finishing
Volatility in raw material prices
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The global self-adhesive labels market is a competitive and diverse industry, with many established players and new entrants vying for market share. The market is expected to continue to grow in the coming years, driven by the increasing demand for efficient and cost-effective labeling solutions in a wide range of industries.
Self-Adhesive Labels Market Top Player’s Company Profiles
Self-Adhesive Labels Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our self-adhesive labels market analysis, the growth is driven by factors such as the increasing demand for packaged foods and beverages, the growing e-commerce industry, and the increasing popularity of digital printing technology. The global market is highly competitive, with many established players and new entrants vying for market share. The global market is being driven by a number of key factors, including the increasing demand for packaged foods and beverages, the growing e-commerce industry, and the increasing popularity of digital printing technology. The global market faces a number of challenges, including increasing competition from alternative labelling solutions, rising raw material costs, and concerns over the environmental impact of packaging. The global market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for sustainable and eco-friendly labelling solutions, the emergence of smart labelling solutions, and the shift towards automation and Industry 4.0 technologies. However, the market is also likely to face increasing competition and regulatory pressures, which could impact growth in certain segments.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 46.88 billion |
Market size value in 2031 | USD 74.62 billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Self-Adhesive Labels Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Self-Adhesive Labels Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Self-Adhesive Labels Market:
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Report ID: SQMIG15E2171
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