Global Labels Market to Ride on the Back of Growing Popularity of Linerless Labels, Emergence of RFID Technology to Emerge as a Game Changer in the Market - TMR

ALBANY, N.Y., July 5, 2021 /PRNewswire/ -- The global labels market is on the verge of some big developments, which is likely to propel the market to a high growth trajectory from 2019 to 2027. Technology is important in driving the market growth and determining market penetration for the players in the field. Demand for pressure sensitive labels is likely to rise due to their low cost and flexibility, as well as increased effectiveness. Such qualities are result of proactive and aggressive efforts from players, which is likely to play a crucial role in the development of the global labels market in the years to come.

RFID – Radio Frequency Identification – refers to a technology that has been a key differentiator in the industry due to its capacity to identify and track counterfeit items. It is attached to labels for authentication and tracking as part of the intelligent solutions umbrella. Linerless labels are laying the groundwork for noteworthy growth in retail and logistics sector. Furthermore, as organisations who are focusing on diversification of revenue stream are heavily investing in these labels, thanks to material economies in particular. Over the projected period, these factors are expected to add to the growth of the labels market.

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In its recently published study, Transparency Market Research provides important findings for the labels market, including a global industry trends, growth, share, size, analysis, and forecast for the period extending from 2019 to 2027. Due to technological breakthroughs in retail as well as e-Commerce industries, the global labels market is expected to grow at a rate of 5% CAGR over the forecast period, from 2019 to 2027.

Key Findings of Market Report

• Economic Pricing and Flexibility are likely to Boost Popularity of Pressure Sensitive Labels

Pressure sensitive labels (PSL) are growing in popularity due to their economic pricing and versatility. PSL's easy-to-use advantages in the food business include mild use of pressure sans the need of any solvent, water, and heat, water. As a result, in the global labels market, the sale of PS labels is estimated to increase at an accelerated rate. In addition to that, manufacturers are also expected to boost their efficacy in PSL created from recycled materials in order to increase their market credibility credentials.

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RFID (Radio Frequency Identification) is quickly becoming a turning point in the labelling industry. PS labels, which provide intelligent labelling solutions to food industry stakeholders, include RFID inlays. As a result, the ever-changing food market is providing label manufacturers with the most incremental chances possible. RFID technology, on the other hand, is utilised for authentication, tracking, and anti-counterfeiting of commodities.

• High Demand from Logistics and Retail Sector to Widen Scope of the Market

By boosting their manufacturing capacities in linerless labels, businesses in the label sector are widening their revenue potential. For example, Mitsubishi Hitec Paper Europe, a leading manufacturer of high-end coated specialty papers, is gaining international acclaim for its environment friendly and adaptable linerless labels. In both logistics and retail sector, linerless labels are becoming more popular. These innovative labels may be printed on mobile devices as well as on industrial printers. Such developments are likely to boost expansion of the label market.

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Because of the material savings, players in the retail and logistics sectors benefit from the benefits of linerless labels. The large number of labels per roll helps to cut costs of label shipping and storage. As a result, stakeholders in the retail and logistics sectors will be able to reach their productivity targets, as more labels per roll means less frequent roll exchange.

Labels Market: Growth Drivers

• Manufacturers in the global labels market are focused on high-performance cast coated label papers. Wet adhesive labels are increasingly using these one-of-a-kind papers. Stakeholders are increasingly focusing on quality processing and finishing, first-class printability, and high gloss.
• With the launch of digital inkjet printing, the global labels market is changing. As a result, digital printing is estimated to generate most of the revenue amongst print technologies and is expected to rise rapidly over the next few years. Because digital inkjet printing does not require cylinders or plates, it has become a budget option for small batch printing.

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Labels Market: Key Competitors

• Klöckner Pentaplast Europe GmbH & Co KG
• Traco Manufacturing, Inc
• H. Derksen & Sons Company
• WS Packaging Group, Inc.
• Fort Dearborn Company
• Fuji Seal International, Inc

Labels Market: Segmentation

Product

• Pressure Sensitive Labels
• Shrink Labels
• Stretch Labels
• Wet Glue Labels

Material

• Plastic
• Paper
• Foil

Printing Technology

• Flexographic Printing
• Digital Printing
• Gravure Printing
• Offset Printing
• Letterpress Printing

Ink Type

• Solvent-based
• Water-based
• UV-based

End Use

• Food
• Beverages
• Pharma
• Cosmetics and Personal Care
• Homecare and Toiletries
• Chemicals
• Automobiles

Explore Transparency Market Research's award-winning coverage of the Global  Packaging Industry:

Hygiene Breathable Films Market - In most hygiene businesses, polyethylene films and laminates are used as preventive films for products such as baby diapers, incontinence diapers, and surgical drapes. Melted polyethylene is laminated in the extrusion coating process to make sanitary products as per the requirement. Hygiene breathable films can absorb water vapors and gases, but are resistant to water in a liquid state. These films are most popular for their use in the manufacture of disposable sanitary products such as sanitary napkins, diapers, incontinences pads, and others.

On-the-Go Breakfast Packaging Market - On-the-go breakfast products are anticipated to witness a significant dip in terms of sales. Since consumers are making more conscious efforts to stay at home, the uptake of on-the-go breakfast products has relatively slowed down. Such trends are predicted to affect revenue activities in the on-the-go breakfast packaging market. Hence, manufacturers and brands are turning to eCommerce and online sales in order to keep economies running during the COVID-19 pandemic.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research

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