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Technology Landscape, Trends and Opportunities in the Permanent Adhesive Labels Market interpreted by a new report
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Global Permanent Adhesive Labels Market Dynamics
The aim of consumer products labeling by manufacturers is no more limited to attract target consumers at the point-of-sale or providing product related information, majority of the labels for consumer products are now designed to stick for the entire life cycle of the product. Permanent adhesive labels are capable of serving the purpose successfully. Consumer electronics and automotive industries are two of the prominent end-user of permanent adhesive labels.
Although, alternative solutions are successively gaining strong traction from the end-user industries which includes in-mold labels. Permanent adhesive labels have relatively higher probability of getting damaged over a long time period of usage as compared to in-mold labels. Furthermore, premium consumer product manufacturers are inclining towards direct printing on the product surface for maximum durability of surface decoration, rather than using permanent adhesive labels. These factors have restrained the permanent adhesive labels market across the globe.
As of 2018, China account for more than a quarter of the global manufacturing output, as well as leader in the motor vehicle production and electronics industry. All these factors are attributed to provide a winning imperative for the permanent adhesive labels in China over any other country. After China, Japan and South Korea are two of the prominent electronics industry in the world. The manufacturing sector of India and ASEAN countries are projected to witness promising growth during the next ten years, driving the permanent adhesive labels market in the Asia Pacific region.
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The developed economies of Europe and North America are prone to quick adoption of advanced technology. Relatively organized industry in the two geographies have a significant number of globally known cosmetics and automotive companies where the preference for permanent adhesive labels is relatively lower over in-mold labelling and direct surface printing for decoration. Furthermore, the manufacturing output of the European countries and North America have witnessed sluggish growth, impacting the demand for permanent adhesive labels market.
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