Linerless Labels Market Dynamics, Growth Drivers, Market Constraints and Challenges 2024

According to Precision Business Insights (PBI) latest report, the linerless labels market size was valued at USD 1,892.3 million in 2023, growing at a 5.3% CAGR from 2024 to 2030. The key drivers for the growth of the global linerless labels market include technology advancements in labeling technologies, regulatory compliance, and rising demand for linerless labels in packaging, food and beverages, pharmaceutical labeling, parcel delivery, and retail industries.

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The linerless labels market is segmented based on composition, product type, printing technology, end-user industry, and geography.
Based on the Composition, the market is segmented into the following:
• Facestock
• Adhesive
• Others

Based on the Product type, the market is segmented into the following:
• Primary
• Variable Information Print

Based on the Printing technology, the market is segmented into the following:
• Water-based
• Solvent-based
• UV Curable
• Others

Based on the End-user industry, the market is segmented into the following:
• Food
• Beverage
• Home & Personal Care
• Pharmaceuticals
• Retail
• Others

Based on the end user, the global Linerless label market is segmented into food and beverages, home & personal care, pharmaceuticals, retail, and others. Among all of these food and beverages are anticipated to account large revenue share in the global linerless labels market in the forecast period. Moreover, the food and beverages and alcoholic drinks market for linerless labels is assisted by increasing off-trade sales, a rising tourism and hospitality industry, and growing disposable income among an intensifying middle-income population in emerging nations. Additionally, the market is also perceiving an augmented demand from the North American Region. For instance, in 2021, As per StatCan, customers living in the Canadian state of Quebec drink the most recurrently, with nearly 58% of respondents stating that they take alcohol at least twice a week. This figure reduces to 29% in Atlantic Canada.

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Based on the geography the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

The Asia Pacific market is expected to increase in the linerless labels market over the forecast period. The Asia Pacific market is expanding as a result, of the increasing demand for the applications of such labels in pharmaceuticals, food and beverages, retail in emerging countries such as China, India, and Japan, which in turn is anticipated to drive the linerless labels market in the forecast period. The rising consumption of packaged and processed food in the region owing to swift urbanization and industrialization has been driving the linerless labels market to rise positively in the region. For instance, as demonstrated by the National Bureau of Statistics of China, in 2021, approximately 65.9% of the total population lived in the cities. This has resulted in a rising demand for food and made China one of the global largest food and beverage industries which in turn is anticipated to drive the linerless labels market in the forecast period.

Strategic New Product Launches, Mergers, Acquisitions, and Concurrence are the key tactics adopted by market players:
In recent research, the Linerless Labels market further divulged that the key players are intensively adopting strategies such as the launch of newer liner-free labels and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Dec 2021, Etiket Schiller was able to restore serve their clients as part of the Optimum Company, with added capacity, a wider selection of self-adhesive labels and malleable packaging solutions, and advanced delivery dependability as part of an international printing cluster.

The key players driving the linerless market are Bostik, HERMA GmbH, Coveris Holdings S.A., Avery Dennison Corporation, Hub Labels, Cenveo Corporation, Reflex Labels, 3M Company, RR Donnelley & Sons Company, Ravenwood Packaging

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This release was published on openPR.