Strong Growth Projected for Global Self-Adhesive Labels Market
The food and beverage industry is expected to dominate demand in the self-adhesive labels market.
The global self-adhesive labels market is projected to reach a value of $42 billion by the end of 2026, according to a report from FutureWise, registering a CAGR of over 5.4% from 2019-2026. Self-adhesive labels are widely used in packaging to showcase vital product information. Numerous industries, including food and beverage, pharmaceutical, and retail, choose these labels to display information like authentication coding, barcodes, and track and trace coding.
The self-adhesive labels market is segmented by type into linerless and release liner. The release liner segment is forecasted to dominate the market during the forecast period, particularly in the food and beverage industry, due to the ease with which the labels can be cut into any shape.
Permanent self-adhesive labels are expected to dominate the market, particularly for electronic appliance applications, though the repositionable segment is also predicted to witness increased adoption during the forecast period.
The food and beverage industry is expected to dominate demand in the self-adhesive labels market. The rising demand for branded and packaged products, in addition to rising consumer awareness regarding product specifications, has fueled market growth.
North America dominates the market for self-adhesive labels, spurred by rapid growth of the e-commerce industry. The Asia-Pacific region is forecasted to be the fastest-growing market during the forecast period due to increasing end users in developing economies like Japan, India, China, and South Korea. Consumer awareness and increasing per capita incomes are also contributing to market growth in the region.
Additional details are available at http://futurewiseresearch.com.