Labels Market 2022 Revenue, Opportunity, Forecast and Value Chain 2027

According to Transparency Market Research's latest report on the global labels market for the historical period of 2014-2018 and forecast period of 2019-2027, the market is anticipated to be driven by product customization and design level innovations. The global Labels market is expected to register a CAGR of 5% during the forecast period. Development of organized retail sector and increasing number of supermarket and e-Commerce industries creating exponential growth opportunities for labels market.

Research Report: https://www.transparencymarketresearch.com/labels-market.html

RFID Technology Gaining Traction for Enhancing Process Workflow

The RFID technology is gaining popularity among label manufacturers who prefer to reduce employment costs and eliminate human errors. The RFID technology works without human intervention and as opposed to barcodes, has the ability to read long range. Moreover, its acceptance is increasing, owing to item identification, which is crucial in the retail sector. It is less sensitive to adverse conditions, which in turn accelerates its usage in the labels market.
Asia Pacific to Remain at Leading Position in Global Labels Market

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TMR team analysed, Asia Pacific accounts for the prominent market share and is expected to witness steady growth over the forecast period. The Asia Pacific is estimated to expand with nearly 530 bps of current market share during the forecast period. The Europe market is expected to hold 25% of the market share in 2019-2027. Although Europe market is expected to decline by the end of 2027.

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Labels Market: Key Findings

Among various types of products, Pressure Sensitive Labels (PSL) remain prominent in the global market for labels. It is estimated to hold nearly 75% of the market share by 2019-2027. Attributing to premium looks and ease of application, the sales of PSL is anticipated to increase rapidly.
Attributing to high tear resistance and less environmental impact, the demand for plastic labels is expected to increase significantly during the forecast period. Furthermore, TMR witnessed that the consumption of polypropylene (PP)-based labels is gaining more traction among end users due to less carbon footprints.
As per printing technology, digital printing technology is highly preferred by consumers. Digital printing provides multiple color substrates and easy printing of labels.
Solvent-based labels enhance water-resistance of the labels. In order to increase shear and peel strength of the labels, solvent-based label is estimated to increase 1.6 times of current market value during the forecast period.
The food & beverage end-use industry is anticipated to create lucrative incremental opportunities by the end of 2027. Together, these sectors are expected to hold more than 55% of the global labels market share.
In terms of market share, Asia Pacific is a prominent region in the global labels market. Expansion of retail industries, food & beverages industry, and an increasing number of supermarkets are the key factors for the rapid growth of labels market in Asia Pacific countries.

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High Investments by Key Players for Acquisition and Business Expansion

In order to deal with tough competition and significant revenue generation, manufacturers are developing labels, which consist of more data encryption capacity. Besides this, key players of the labels market are following mergers & acquisition strategy for increasing their global footprints. Furthermore, huge emphasis on product innovation by key players is witnessed in the past three years. For instance,
In 2020, Coveris targets growth in the BOPP (Bi-axially-Oriented Polypropylene) label beverage sector, which is supported by continued investment at its manufacturing facility in the U.K.
In 2020, Avery Dennison Corporation acquired Smartac (RFID Inlay) Division
In 2019, Klöckner Pentaplast Europe GmbH & Co KG invested US$ 25 Mn for expansion of the North America-based plant

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Competition Landscape

In the global labels market, a tough competition among key players has been witnessed. Therefore, key players are planning to increase their geographical footprints and broadening their product portfolios in untapped countries. This report includes analysis of company developments, strategies, and financial aspects of key players.
Leading key players in the global labels market include
Avery Dennison Corporation
CCL Industries Inc
Fuji Seal International, Inc
Huhtamäki Oyj
Amcor Plc
Fort Dearborn Company
3M Company
Walle Corporation
H Derksen & Sons Company
Among these players, CCL Industries Inc., Fuji Seal International, Inc., 3M Company, Avery Dennison Corporation, and Coveris Holdings have been identified as Tier 1 players. In 2018, these companies hold a cumulative market share of ~10%. Tier 2 players include Huhtamäki Oyj, Lintec Corporation, Fort Dearborn Company, and Multi-Color Corporation, and others.
The labels market is a consolidated market with the presence of well-established market players. Apart from this, a number of small- and medium-sized manufacturers are participating in the market for significant revenue generation. Therefore, the intensity of competition is likely to be high in the global labels market.

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