The global labels market is set to grow, driven by rising per capita income and demand from key sectors like FMCG and pharmaceuticals.
The new report by Expert Market Research titled, ‘Global Labels Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global labels market, assessing the market based on its segments like material, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
· Historical Market Size (2020): 60.3 Billion Square Metre
· Forecast CAGR (2021-2026): 4.5%
· Forecast Market Size (2026): 78.5 Billion Square Metre
The rising per capita income, rising demand from major end-use sectors such as FMCG, pharmaceuticals, food and beverages, and the changing trend towards new and creative packaging are the factors which are driving the demand for labels in the industry. Plastic materials are becoming more common due to their technical and cost advantages and improved aesthetic efficiency. The food and beverage industry is the most important end-use sector, accounting for approximately 30% of the laminated label market.
Industry Definition and Major Segments
A label (as opposed to signage) is a sheet of paper, plastic film, fabric, metal, or other substance that is affixed to a container or product and on which details or symbols about the product or item are written or printed. Labeling may also refer to information printed directly on a container or article.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/labels-market
On the basis of material, the market is divided into the following:
· Paper
· Plastics and Others
The market is segmented on the basis of application into:
· Pressure Sensitive
· Glue Applied
· Stretch and Shrink Sleeve
· In-Mould
· Others
Regionally, the industry can be categorized into:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Market Trends
Rapid developments and product addition to the portfolio are likely to augment the market growth in the coming years. Coveris Holdings S.A. recently introduced the COMPAC multi-layer label format, which increases the capacity of labels to provide additional information across twin layers. The new labels also have three printable surfaces, allowing for the printing of a variety of additional details such as promotions, cooking instructions, and recipes, among other things, on the label's surface.
Key Market Players
The major players in the market are CCL Industries, Multi Packaging Solutions International Limited, Multi-Color Corporation, Skanem AS, Fuji Seal International Inc., and DPS Group. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Pharmaceutical Glass Packaging Market: https://www.expertmarketresearch.com/reports/pharmaceutical-glass-packaging-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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The article discusses the growth of the global labels market driven by increasing per capita income.
Key sectors include FMCG, pharmaceuticals, and food and beverages.
Plastic materials are becoming more common due to their advantages.
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