Self-Adhesive Labels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2031
Self-Adhesive Labels Market – Overview
The growth in the self-adhesive labels market has been owing to numerous factors. The market growth is generally attributed to the increasing demand for these self-adhesive labels in numerous industries, for example, e-commerce, pharmaceuticals, and food & beverages industries. This factor is likely to fuel growth opportunities in the global market in the coming years.
The sudden outbreak of the COVID-19 cases around the world have put a noticeable impact on the growth opportunities in the global market. But there is just a nominal decline in the market CAGR. Furthermore, the market is hampered because of hampered trade movements, disruptions in the supply chain, and reduced production of raw materials.
Self-Adhesive Labels Market – Key Drivers
The rapid growth in the urban population has been working as one of the vital factors to generate demand for the products that require self-adhesive labels. Consumer durables, Fast-Moving Consumer Goods (FMCGs), beverages, and medicines are some of these industry products that are likely to contribute to the sales avenues in the self-adhesive labels market in the foreseeable years. Along with this, improved standards of living have also been predicted to boost the demand for the industry products that also contribute to the sales opportunities in the market.
The companies operating in the global market are aiming to provide the solution to the clients. Further, the manufacturers also deal with the products with the plain labels, and the same is further supplied to the clients in sheets or rolls form. After this, clients undertake the task to print the label on them. Further, technological advancements result in the development of the machinery that is included in the process of printing in the production procedure of self-adhesive labels. These factors are likely to create a higher profit margin for the manufacturers serving in the self-adhesive labels market.
Self-Adhesive Labels Market – Recent Developments and Key Players
The self-adhesive labels market is marked by the presence of major players that are operating in the region as well as on global platforms. So, based on their presence, the market nature is becoming fragmented. Further, these industry players have also been focusing in order to incorporating novel growth strategies for the achievement of their desired objectives. In addition to these factors, increasing penetration of the global players along with growing awareness among consumers about industry brands is creating growth avenues in the global market. Launching of novel industry players, product portfolio expansion, mergers or tie-up, and growing R & D activities for the enhancement of the company portfolio are applied by prominent market players around the world.
For instance, Multi-Color Corporation has acquired the Hexagon Label Group in October 2021 in New Zealand and Australia. The aim of this acquisition is to enhance offerings and footprint to ANZ consumers with comprehensive label solutions in Christchurch, Auckland, Sydney, Perth, Melbourne, Griffith, Brisbane, and Adelaide.
Some of the key players in the self-adhesive labels market are:
Self-Adhesive Labels Market – Regional Assessment
The self-adhesive labels market has been operating in numerous regions around the world, and the prominent regions are North America, APAC, Europe, South America, and the Middle East & Africa. Out of these major global areas, APAC is likely to hold a leading position in the global market due to the availability of raw materials and cost-effectiveness. Further, the highly populated nations, for instance, China and India are rising demand for the product labeling which is also contributing to the growth prospects in the regional market.
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