Pressure Sensitive Labels Market is Anticipated to Expand at a CAGR of 5.2% from 2017 to 2022

The global market for pressure sensitive labels presently features and is likely to continue to feature an intensely competitive vendor landscape in the near future, with packaging industry specialists expected to account for a larger share in the overall market, states Transparency Market Research in a recent report. Local companies could gain a larger hold on lucrative regional markets owing to the ease of production of pressure sensitive labels.

Some of the leading companies in the market are Fuji Seal International, Inc., Constantia Flexibles Group GmbH, Avery Dennison Corporation, Coveris Holdings SA, Henkel, CCL Label Inc., UPM-Raflatac, Lintec, Inland Labels, and 3M.

According to the report, the global pressure sensitive labels market will register a healthy CAGR of 5.2% from 2017 to 2022, rising from a valuation of US$86.8 bn in 2017 to a revenue opportunity of US$112 bn by 2022.

Request Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24839

APEJ Emerges as Most Lucrative Regional Market

Of the key face stock materials used for manufacturing pressure sensitive labels, paper is expected to remain the most preferred over the forecast period, with the use of paper likely to outstrip that of other substitutes such PET, polypropylene, and polyethylene. The comparatively lower costs of paper-based pressure sensitive labels are expected to help the segment account for nearly 41.7% of the overall market by the end of the forecast period, with its valuation rising to US$46.6 bn by the end of the forecast period.

Geographically, the market for pressure sensitive labels in the Asia Pacific (excluding Japan) region is expected to steadily be at the top spot owing to increased demand for these products from emerging economies across Southeast Asia. Rapid urbanization in several emerging economies is also expected to drive the market in the region by opening up several new application areas for pressure sensitive labels.

Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=24839

Flourishing Foods and Beverages Industry to Provide Impetus to Market Growth

Steady expansion of the food and beverages industry and the retail sector in recent years has proved to be crucial for the steady growth of the global pressure sensitive labels market and is likely to remain a prominent decisive force determining the future scope of development of the market. The market also benefits from the ease of manufacturing pressure sensitive labels at economical costs, which has enabled their large scale adoption in the retail industry for delivering product-related data in an easy manner.

Get COVID-19 Analysis- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=24839

The rising demand for the large-scale adoption of novel technologies such as barcode has also amplified the overall global uptake of pressure sensitive labels in the past few years. This trend has been compounded with the vast rise in modern retail channels such as supermarkets and hypermarkets in emerging economies in regions such as Asia Pacific and Latin America, ensuring a healthy growth trajectory for the global pressure sensitive labels market.

This analysis of the global pressure sensitive labels market is based on a recent market research report by Transparency Market Research, titled "Pressure Sensitive Labels Market (Face Stock Material - Paper, Polypropylene, Polyethylene, PET; Application - Food and Beverage, Pharmaceuticals, Transportation and Logistics, Home and Personal Care, Semiconductor and Electronics, Retail; Label Type - Permanent, Removable) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

More Trending Reports by Transparency Market Research:

https://www.prnewswire.co.uk/news-releases/ongoing-covid-19-crisis-to-drive-healthcare-packaging-market-to-serve-high-volumes-of-medical-supplies-market-valuation-to-reach-us-155-bn-by-2029-tmr-insights-860268306.html

Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.