World Demand for Labels to Reach $110 Billion in 2015
In 2010, pressure-sensitive labels accounted for 52% of the global label market (in volume terms), a share that is expected to increase even further in the coming years. While demand for glue-applied labels will see below-average growth, this segment is expected to remain the second-largest overall, accounting for more than 30% of global label market volume through 2015. Smaller label segments such as stretch sleeve, heat-shrink and in-mold labels will see some of the fastest growth through the forecast period.
The Asia-Pacific region will see the most rapid gains and remain the largest regional market in the world, due to its large manufacturing industries. Central and South America, eastern Europe, and the Africa/Mideast region will also experience above-average growth. Overall, the fastest growth will occur in Asia, specifically in India, China and Indonesia. China alone will account for 31% of global label market volume gains between 2010 and 2015.
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