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Pressure Labels Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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Growth in the pharmaceutical industry coupled with its vast application scope in diverse industries is the major driver for pressure labels market. Latest innovations in pressure label products and rising demand in Asia Pacific are expected to fuel the market growth over the forecast period. However the strict government environmental regulations are major restraints for the growth of the pressure labels market. The initial cost for manufacturers is more if manufactured in small quantities, hence the cost to profit ratio is a concern to small manufacturers.
Pressure Labels Market Taxonomy
On the basis of Type, the pressure labels market is segmented into:
Release Liner Labels
Linerless Labels
On the basis of Composition, the pressure labels market is segmented into:
Face Stock
Adhesives
On the basis of Printing Technology, the pressure labels market is segmented into:
Digital Printing
Flexography
Lithography
Screen Printing
Gravure
Letterpress
Offset
On the basis of Mode of application, the pressure labels market is segmented into:
Water-based Pressure Labels
Solvent-based Pressure Labels
Hot Melt-based Pressure Labels
Radiation-based Pressure Labels
On the basis of end-use industry, the pressure labels market is segmented into:
Food & Beverages
Consumer Durables
Pharmaceuticals
Home & Personal Care
Retail
Others
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Depending upon the type of label, the composition changes. Liner pressure labels are of high cost and they require a large amount of storage space.
Pressure Labels Market Outlook
Asia Pacific is the largest and estimated to be the fastest growing market due to burgeoning growth in the food & beverages and pharmaceutical industry, which has been driven by urbanization in China, India, and Japan. Pressure labels market in the region is expected to grow along with the forecasted demand growth for food, beverages, and pharmaceutical products
North American and European pressure labels markets are also projected to grow due to the increasing commercialization and industrialization in these regions. Also, significant application of pressure labels in various industries gives it a stronghold
The Middle East is witnessing burgeoning growth in the construction segment. The countries in this region aim to reduce their dependency on oil revenues and have largely invested in the commercial and residential construction sector. This has transformed countries such as the UAE, Saudi Arabia, and Qatar into luxurious tourism and shopping destinations
The Latin American market has experienced substantial growth as a result of the swift growth in automotive and construction industries in the region. Emerging markets of Argentina, Brazil, Chile, Colombia, and Mexico drive add to the market growth in the region. Consecutive sporting events in the form of FIFA World Cup 2014 and Olympics 2016 had given the Brazilian economy a boost. Though recently a slowdown has been observed, return to previous growth figures is expected due to rising consumption from the ever increasing population
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Some of the major players in the pressure labels market are Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), Constantia Flexibles (Austria), UPM (Finland), 3M (U.S.), Henkel AG & Co. KGaA (Germany), Mondi Group (South Africa), Coveris Holdings S.A. (U.S.), H.B Fuller (U.S.), and Torraspapel Adestor (Spain).
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