Pressure Sensitive Labels Market Study Landscape And Industry Innovations Encountered Huge Growth

The global market for pressure sensitive labels presently features and is likely to continue to feature an intensely competitive vendor landscape in the near future, with packaging industry specialists expected to account for a larger share in the overall market, states Transparency Market Research in a recent report. Local companies could gain a larger hold on lucrative regional markets owing to the ease of production of pressure sensitive labels.

Some of the leading companies in the market are Fuji Seal International, Inc., Constantia Flexibles Group GmbH, Avery Dennison Corporation, Coveris Holdings SA, Henkel, CCL Label Inc., UPM-Raflatac, Lintec, Inland Labels, and 3M.

Looking for exclusive market insights from business experts? Request a Sample Report

According to the report, the global pressure sensitive labels market will register a healthy CAGR of 5.2% from 2017 to 2022, rising from a valuation of US$86.8 bn in 2017 to a revenue opportunity of US$112 bn by 2022.

APEJ Emerges as Most Lucrative Regional Market

Of the key face stock materials used for manufacturing pressure sensitive labels, paper is expected to remain the most preferred over the forecast period, with the use of paper likely to outstrip that of other substitutes such PET, polypropylene, and polyethylene. The comparatively lower costs of paper-based pressure sensitive labels are expected to help the segment account for nearly 41.7% of the overall market by the end of the forecast period, with its valuation rising to US$46.6 bn by the end of the forecast period.

Geographically, the market for pressure sensitive labels in the Asia Pacific (excluding Japan) region is expected to steadily be at the top spot owing to increased demand for these products from emerging economies across Southeast Asia. Rapid urbanization in several emerging economies is also expected to drive the market in the region by opening up several new application areas for pressure sensitive labels.