Pressure sensitive labels market size to grow at a CAGR of 3.75% by 2027
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
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.
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
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.
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