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NEW YORK , Aug. 23, 2022 /PRNewswire/ -- The latest market analysis report titled Labels Market by Type and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 4.27%. Technavio categorizes the global labels market as a part of the global metal and glass containers market. Our report provides extensive information on the value chain analysis for the labels market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The report on the labels market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
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The report identifies the increase in demand for sleeve labels as one of the major factors driving the growth of the market. Sleeve labels eliminate the need for colored containers and offer new and innovative advertising prospects. Vendors make use of the space provided by full-body shrink sleeve labels by incorporating colorful and eye-catching logos, pictures, and designs on them. The increased implementation of barcode technology will be crucial in fueling the growth of the market over the forecast period. Barcodes are a major method of product identification and are the most predominant track-and-trace technology. Barcodes are important for supply chain management as they document and secure a wide range of information, including that related to the product manufacturing date, location, batch number, as well as expiry date.
However, one of the challenges hindering the labels market growth is the increase in prices of raw materials. The price of additives is expected to increase, which will affect the price of label application on products further. The rise in label prices is compelling label manufacturers to experiment with low-priced substitutes, which is leading to fierce price wars in the market. Thus, the volatility in raw material prices and price wars due to the availability of substitute labels will limit the growth of the global labels market during the forecast period.
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The Labels Market is segmented by Type (Pressure-sensitive labels, Glue-applied labels, Sleeve labels, and In-mold labels) and Geography (APAC, Europe , North America , Middle East and Africa , and South America ).
Revenue-generating Segment Highlights: The labels market share growth in the pressure-sensitive labels segment will be significant during the forecast period. Pressure-sensitive labels are self-adhesive labels that do not require any fasteners, glue, heat, or water to form bands. These labels are gaining higher traction compared with other labels owing to their numerous advantageous properties. They are convenient to use, are available in various design and graphic options, and are versatile in nature. The application of pressure-sensitive labels is much faster than other label types, which saves time and thereby improves efficiency. Such applications of pressure-sensitive labels will drive the labels market growth during the forecast period.
Regional Opportunities: 54% of the market's growth will originate from APAC during the forecast period. China is the key market for the labels market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The increase in exports from various Association of Southeast Asian Nations (ASEAN) countries will facilitate the labels market growth in APAC over the forecast period.
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The labels market covers the following areas:
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
Labels Market Sizing Labels Market Forecast Labels Market Analysis
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Accelerate at a CAGR of 4.27%
APAC, Europe, North America, Middle East and Africa, and South America
US, Canada, China, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
3M Co., Adhesive Products Inc., Amcor Plc, Avery Dennison Corp., Berry Global Group Inc., CCL Industries Corp., Cenveo Worldwide Ltd., CPC Montreuil, Darley Ltd., G3 Enterprises Inc., Heidelberger Druckmaschinen AG, HERMA GmbH, Inland Label and Marketing Services LLC, Intertape Polymer Group Inc., Jet Label, Jindal Films Europe SARL, LINTEC Corp., Mondi plc, Multi Color Corp., Nova Label Co. Inc., Pdc International Corp., SATO America, and WestRock Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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