Food & beverages segment to gain maximum traction during the forecast period of Pressure Labels Market
The pressure labels market is growing rapidly in accordance with the growth in the packaging market globally. The use of pressure labels such as release liners and liner-less labels are used in the food & beverage industry. This application is projected to foster the demand for pressure labels during the forecast period. The report aims at estimating the market size and future growth potential of the pressure labels market across different segments such as type, composition, printing technology, mode of application, end-use industry, and region. Factors such as growing demand in Asia-Pacific, growth in the pharmaceutical sector, and wide application in diverse industries are the major drivers of the pressure labels market in the next five years.
The pressure labels market size is estimated to grow from USD 74.14 Billion in 2015 to USD 92.46 Billion by 2020, at a CAGR of 4.52%.
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The food & beverages segment is projected to be the fastest-growing end-user industry in the next five years. Furthermore, due to the growth of the pressure labels industry, pressure labels such as release liner labels and linerless labels are extensively used. The pressure labels market is also projected to witness growth in the consumer durables, pharmaceutical, home & personal care, and retail labels sectors, during the forecast period.
Target audience
- OEM companies
- Packaging manufacturers
- Raw material suppliers
- Consulting firms
The pressure labels ecosystem comprises companies such as Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), Constantia Flexibles (Austria), UPM (Finland), and 3M (U.S.). The other players in the market are Henkel AG & Co. KGaA (Germany), Mondi Group (South Africa), Coveris Holdings S.A. (U.S.), H.B Fuller (U.S.), and Torraspapel Adestor (Spain).
These players adopted various strategies such as expansions, agreements, acquisitions, and new product developments & joint ventures to cater to the needs of the pressure labels market.
Asia-Pacific is projected to have the largest market share and dominate the pressure labels market from 2015 to 2020. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making the Asia-Pacific region also the fastest-growing market for pressure labels. The growth of the pressure labels market in this region is propelled by factors such as the growth of the food & beverage, pharmaceutical, consumer durables, and home & personal care industry. Also the growing population and economic development are other factors.