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The global labels market is dominated by the Asia Pacific region, accounting for about 40% of the global distribution share. The Asia Pacific region is followed by Europe, North America, and Latin America as the other major regional markets. The highest maturity markets are Europe and North America, owing to the advancements in technology as well as innovations in the regions. The markets in these two regions are also boosted by the growing focus on sustainable labelling solutions. The regions with a healthy growth potential include the Asia Pacific and Latin America.
The pressure sensitive segment is the leading application segment of labels, accounting for more than half of the global application of labels. The pressure sensitive labels are preferred in many sectors, including FMCG, pharmaceuticals, and others, due to their excellent performance and convenient application. It is followed by glue applied, sleeve labels, and in moulds. In terms of material, the market is dominated by the paper labels, accounting for more than 50% of the market share.
In the coming years, the market is expected to witness an expansion due to product diversification and the M&A activities being undertaken by the key players in the industry. In February 2021, CCL Industries (OTCMKTS: CCDBF), a global leader in specialty labels for corporations, government institutions, small businesses, and consumers, announced its acquisition of Clinical Systems, Inc. Clinical Systems, Inc (CSI) is a New York-based manufacturer of labels, especially for clinical trials. CSI produces labels for clinical trials pertaining to specialised patient information and had recently launched an ‘eLabel’ solution for the players in the clinical trials industry. Such developments are expected to influence the market positively in the coming years.
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The major key players in the global labels market include CCL Industries, Multi Packaging Solutions International Limited, Multi-Color Corporation, Fuji Seal International, Inc., and DPS Group, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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