Pressure sensitive labels market size to grow at a CAGR of 3.75% by 2027: Driven by rising concerns about sustainability

NEW YORK, Feb. 20, 2023 /PRNewswire/ -- According to Technavio, the global pressure sensitive labels market size is estimated to grow by USD 6,790.84 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.75% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 53% of the market's growth. The report includes historic market data from 2017 to 2021. In 2017, the pressure sensitive labels market was valued at USD 30,273.53 million. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Pressure sensitive labels market - Five forcesThe global pressure sensitive labels market is fragmented, and the five forces analysis covers–

Bargaining power of buyers

The threat of new entrants

Threat of rivalry

Bargaining power of suppliers

Threat of substitutes

For an interpretation of Porter's five forces model – Buy the report!

Pressure sensitive labels market – Customer landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Pressure sensitive labels market - Segmentation assessment

Segment overviewTechnavio has segmented the market based on type (linerless and release liners) and end-user (food and beverages, personal care, healthcare, and others).

The linerless segment will account for a significant share of the market's growth during the forecast period. Linerless labels are pressure sensitive labels that do not have liners. This eliminates the need for a backing material, which directly reduces the costs involved in label production. A roll of linerless labels has 40% more labels than a roll of release liner labels, which reduces the label applicator downtime by 64%. In addition, the lighter weight due to the absence of backing material results in lower shipping costs, which allows manufacturers to save up to 35%-40% in shipping costs. Such factors will drive the growth of the segment during the forecast period.

Geography overviewBased on geography, the global pressure sensitive labels market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global pressure sensitive labels market.

APAC is estimated to account for 53% of the growth of the global market during the forecast period. Lifestyle changes among middle-class consumers are leading to an increase in spending on high-end products in developing countries such as China and India. The need for clean labels that provide a better description of products inside is also increasing the demand for pressure sensitive labels in the region. In addition, innovations in labeling technologies are driving the market for pressure sensitive labels in APAC.

Download a sample report

Pressure sensitive labels market – Market dynamicsKey factor driving market growth

The rising concerns about sustainability are driving the market growth.

Vendors are looking for greener initiatives and have developed new types of pressure sensitive labels that are biodegradable.

The demand for eco-friendly pressure sensitive labels has increased due to the implementation of stringent environmental regulations and the rising preference for environment-friendly products.

Pressure sensitive labels reduce waste by 50%-60% when compared to other labels and have higher efficiency.

These factors will boost the growth of the market during the forecast period.

Leading trends influencing the market

The implementation of two-dimensional barcode technology is a key trend in the market.

Major end-users use pressure sensitive labels with two-dimensional (2D) and three-dimensional (3D) barcode technology.

Barcodes help in securing and documenting information such as product location, batch number, and expiry date.

Two-dimensional barcodes can be read using mobile phones via quick response (QR) codes.

These factors will boost the growth of the market during the forecast period.

Major challenges hindering market growth

The growing use of alternative labeling solutions is challenging the market growth.

Pressure sensitive labels face tough competition from alternative forms of packaging labels, such as shrink labels, shrink bundling films, and roll-fed labels.

In-mold labels are used for decorating containers with high-volume capacities.

Sleeve labels provide premium print quality, which helps enhance the shelf appearance of consumer goods.

Therefore, the use of alternative labels will challenge the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this pressure sensitive labels market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the pressure sensitive labels market between 2023 and 2027

Precise estimation of the size of the pressure sensitive labels market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the pressure sensitive labels market across APAC, Europe, North America, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of pressure sensitive labels market vendors

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The glue applied label market is estimated to grow at a CAGR of 4.99% between 2022 and 2027. The size of the market is forecasted to increase by 5.94 billion m2. This report extensively covers market segmentation by end-user (beverage products, food industry, healthcare industry, and chemical industry), type (laminated and non-laminated), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The shrink sleeve and stretch sleeve labels market size is expected to increase by USD 3673.25 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.87%. This report extensively covers market segmentation by product type (stretch sleeves label and shrink sleeves label), geography (APAC, North America, Europe, South America, and Middle East and Africa), application (food and beverage, healthcare, and beauty and personal care), and material (polyvinyl chloride (PVC) sleeve labels, polyethylene terephthalate glycol (PETG) sleeve labels, oriented polystyrene (OPS) sleeve labels, polyethylene terephthalate glycol (PETG) sleeve labels, and others).

Pressure Sensitive Labels Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.75%

Market growth 2023-2027

USD 6,790.84 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.51

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

3M Co., Accu Label, Apogee Industries Inc., Avery Dennison Corp., CCL Industries Inc., Cosmo Films Ltd., Creative Labels Inc., Henkel AG and Co. KGaA, Inland Label and Marketing Services LLC, Label Arts, LINTEC Corp., Multi Color Corp., NADCO Tapes and Labels Inc., Orange County Label Co. Inc., Packaging Solutions Pvt. Ltd., Rustic Label Inc., Star Label Products, Technicote Inc., Universal Labeling Systems Inc., and UPM Kymmene Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's industrials market reports

Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global pressure sensitive labels market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Linerless - Market size and forecast 2022-2027

6.4 Release liners - Market size and forecast 2022-2027

6.5 Market opportunity by Type

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Food and beverages - Market size and forecast 2022-2027

7.4 Personal care - Market size and forecast 2022-2027

7.5 Healthcare - Market size and forecast 2022-2027

7.6 Others - Market size and forecast 2022-2027

7.7 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 3M Co.

12.4 Accu Label

12.5 Apogee Industries Inc.

12.6 Avery Dennison Corp.

12.7 CCL Industries Inc.

12.8 Cosmo Films Ltd.

12.9 Creative Labels Inc.

12.10 Henkel AG and Co. KGaA

12.11 Inland Label and Marketing Services LLC

12.12 Label Arts

12.13 LINTEC Corp.

12.14 Multi Color Corp.

12.15 NADCO Tapes and Labels Inc.

12.16 Orange County Label Co. Inc.

12.17 UPM Kymmene Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/pressure-sensitive-labels-market-size-to-grow-at-a-cagr-of-3-75-by-2027-driven-by-rising-concerns-about-sustainability---technavio-301749686.html

SOURCE Technavio