Food and beverage labels are getting more and more important (Source: UPM Raflatac)
The pressure labels market size is estimated to grow from USD 74.14 billion in 2015 to USD 92.46 billion by 2020, at a CAGR of 4.52%. The release liner labels segment is estimated to contribute the largest market share whereas linerless labels, at the highest CAGR, will play a key role in changing the pressure labels landscape during the forecast period.
The new report “pressure labels market” by Markets & Markets says the following:
Food & beverages segment to gain maximum traction during the forecast period
Release liner labels to play a key role in the pressure labels market
Asia-Pacific region will be the largest market for pressure labels during the forecast period.”
Pressure labels are widely used across regions. The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As pressure labels are used widely by different industries, such as food & beverages, consumer durables, pharmaceutical, and home & personal care, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these labels. This is followed by Europe, which is the next largest market for pressure labels followed by North America and Rest of the World.
The major vendors in the pressure labels market include companies such as Avery Dennison Corporation (US.), CCL Industries Inc. (Canada), Constantia Flexibles (Austria), UPM (Finland), 3M (U.S.) and H.B Fuller (US.).
The food & beverages segment is projected to be the fastest-growing end-user industry in the next five years. Furthermore, due to the growth of the pressure labels industry, pressure labels such as release liner labels and linerless labels are extensively used. The pressure labels market is also projected to witness growth in the consumer durables, pharmaceutical, home & personal care, and retail labels sectors, during the forecast period.
The report is available on the website of Markets&Markets.