An informative and classified piece of phrase attached to an object plays an important role throughout all the stages in a consumer’s product value chain. Label are useful for company’s brand identity and brand promotion. Generally, label is a piece of plastic, fabric and paper among others applied on a product that provides information about the product. It provides functional characteristics of a product such as product identification, information on content/ ingredient, cautionary notification, manufacturing details and warning notice on consumer good or food packaging. Thereby, labels helps consumers in differentiating products and enhance entire value of the product.
An analytic study by Future Market Insights titled “Labels Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026)” demarcates market forecast of the global labels market. According to recent research, the global labels market was valued at US$ 40,800 Mn in 2017 and estimated to reach US$ 59,500 Mn by the of forecast period 2017 – 2026.
Labels Market: Market Dynamics
Growing retail sector, especially in the emerging economies has been observed in the recent past. Thereby, several retail industry layouts have developed on account of product sell in a bulk quantities. Thus need of product differentiation in retail stores has surged demand for labels. Label manufacturer are focusing to provide label of high quality in order to deliver products specification to clients. Increasing demand for excellent visual properties of label to promote brand image of a particular product is expected to offer tremendous opportunities for label manufacturers in the near future. In addition, growing sectors like food & beverage and consumer goods have strongly contributed towards revenue growth of labels market. However, several SMEs (small and medium enterprises) at entrant level that offer labels at competitive prices are expected to hinder market growth rate for established players during the forecast period.
Labels Market: Analysis Based on Segmentation
Depending upon the regions, emerging economies like the Asia Pacific excluding Japan (APEJ) and the Middle East & Africa (MEA) are expected to witness robust growth in labels market. Increasing middle class population has led to accelerate manufacturing rate in almost every industrial sector to meet growing demand of these regions. In addition, increasing disposable income is anticipated to influence purchasing power of consumer. Thus, growing demand for consumer goods is expected to have positive impact on label market during the forecast period. Whereas, developed regions like North America and Europe are expected to present moderate growth during forecast period. This is attributed to market saturation observed in growth of several industrial and commercial sectors.
Depending upon raw material, plastic based labels are expected to witness potential rise in demand throughout the forecast period. Other materials like paper and foil are among others available in the market. Based on the product type, self-adhesive labels sales are expected to contribute maximum towards revenue growth of labels market. Other different label products such as glue applied, sleeve label and in-mold label are available in the market. Based on end use industry, growing food industry is expected to remain prevalent for labels sales during the forecast period. The beverage industry is expected to offer tremendous opportunities for label manufactures in the near future. Other industries such cosmetic & personal care, pharmaceutical, chemical and automotive among others in contributing towards substantial growth of labels market.
Pressure Bandages Market: Competition Landscape
Major companies involved in the manufacture of labels are focusing to establish long term tie ups with end use industries at competitive prices in order to obtain profitable market gains throughout the forecast period. Some of the companies such as CCL Industries, Inc., WS Packaging Group, Inc., Avery Dennison Corporation, Fuji Seal International, Inc., Lintec Corporation, Herma GmbH, Bemis Company and 3M Company are the key stakeholders in labels market.
Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5835