Self-Adhesive Labels Market Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2028
The global self-adhesive labels market size is projected to reach USD 64.9 billion by 2028 from USD 42.9 billion in 2021, exhibiting a CAGR of 6.1% during the forecast period. The rising adoption of labels from the consumer goods sector and increasing awareness of biodegradable products are expected to foster market growth. Fortune Business Insights™ provides this information in its report titled “Self-Adhesive Labels Market, 2021-2028.” The market stood at USD 40.8billion in 2020.
Information source:
https://www.fortunebusinessinsights.com/self-adhesive-labels-market-104289
Highlights of the Report
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Segments
By type, the market is segmented into release liner and linerless. As per label type, it is classified into removable and permanent. Based on application, it is categorized into consumer goods, household & personal care, pharmaceutical, food & beverages, and others. Regionally, it is grouped into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Companies Launch Innovative Products to Expand Product Portfolio
Prominent companies operating in the market announce innovative products to attract consumers’ attention and expand their product portfolio. For example, a German self-adhesive technology specialist company named “Herma” announced its novel wash-off label adhesive 52W for developing PET bottles in May 2021. This development may enable the company to attract consumers and expand its product portfolio. Moreover, the incorporation of acquisition strategies may help companies strengthen their market position. For example, Geostick acquirediPB Printing B.V. self-adhesive label division in August 2020. This strategy may enable iPB to focus on its in-mold labels (IML) division and flexible packaging and allow Geostick to strengthen its market position globally.
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