The global labels market reached a volume of nearly 60.3 billion square metre in 2019. The industry is further expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach a volume of almost 78.5 billion square metre by 2025.
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The global labels market is being led by the Asia Pacific region, accounting for almost 40% of the industry in 2018. The labels market is driven by the increasing per capita income, along with the rise in the demand from the end-use sectors such as pharmaceutical, food and beverages, and FMCG. North America and Europe are regions with high market maturity, owing to their technological advancements and innovations in labelling technologies, such as liner-less labels, sustainable labelling solutions, and digital printing. The Asia Pacific and Latin America have medium market maturity.
The materials such as paper-based labels accounts for the majority of the labels market and are followed by plastic labels. Pressure sensitive labels is a significant segment of the global labels market. It is expected to remain the largest due to its versatility in designing as well as graphical options and ease of use, along with its superior performance characteristics; all of these properties making it a common choice for the consumer-packaged goods industry. It is also a popular choice among FMCG, household chemicals, and pharmaceuticals sector. Due to the growth in the food and beverage sector, the glue-applied labels are now the second most preferred type of labels. In-mould labelling is directly performed on the mould of the container, thus, eradicating the requirement for a physical label structure. This type is expected to receive the highest growth in mature regions, owing to its durability, affordability, capabilities of 3D decoration, and recycling. Liner-less labels is another labelling technologies intended at sustainable development. Liner-less labels are still in the primary stages in the emerging markets.
Properties and Applications
Label is a piece of material made of plastic, paper, fabric, or other similar materials attached to a product and providing information about it. On the basis of material, the global labels market is divided into the following:
The labels market is segmented on the basis of applications into:
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The rising per capita income, increasing demand from the major end-use sectors, such as FMCG, pharmaceutical, food and beverages, and the shifting trend towards new and innovative packaging are accelerating the labels market demand for labels. The market trend is shifting toward the plastic materials due to their technological and cost advantages, along with amplified aesthetic performance. The food and beverage sector is the major end-use sector, contributing nearly 30% to the laminated labels market.
There is a constant innovation taking place in the industry, such as the increasing adoption of smart labels. Labels with exclusive designs and NFC technology are now being used on beverage bottles to enhance the customer reception and loyalty. Companies are also adopting new technologies to integrate extra details on the labels with attractive packaging due to the increasing regulations from the FDA requiring more information on the labels. The RFID labels and barcode labels are increasingly used in the logistics and retail industries. This has increased the demand for such labels, particularly across the developed markets. Inflating disposable income of the middle-class people will result in the rise in spending on retail and FMCG sectors, which will indirectly aid in increasing the demand for labels. FMCG and CPG companies are now utilizing the superior quality of labelling and packaging formats to meet the changing needs of the customers and enhance the brand image.
The rising demand from the major end-use segments, like food and beverages and the pharmaceutical market, is expected to grow, thus, as a result, strengthening the demand for labels. The pharmaceutical companies are increasingly serializing, which provides an added leverage to the label's growth in the pharmaceutical market, because it helps secure and trace drugs during the overall supply chain, making it tamper-proof. The growing e-commerce activity has led to an increasing need for more sustainable and effective packaging. This is encouraging the consumers to look forward to sustainable and attractive alternatives, such as recyclable adhesives, liner-less labels, and clear film labels on clear substrates.
The report gives a detailed analysis of the following key players in the global labels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Labels Market Analysis
6.1 Figure: Global Labels Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Labels Market Breakup by Material
6.2.2 Plastics and Others
6.3 Chart: Global Labels Market Breakup by Material: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Plastics and Others
6.4 Chart: Global Labels Market Breakup by Application
6.4.1 Pressure Sensitive
6.4.2 Glue Applied
6.4.3 Stretch and Shrink Sleeve
6.5 Chart: Global Labels Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Pressure Sensitive
6.5.2 Glue Applied
6.5.3 Stretch and Shrink Sleeve
6.6 Figure: Global Labels Market Breakup by Region
6.6.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.7 Figure: Global Labels Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 Global Labels Feedstock Market Outlook
7.2 Coated Paper
7.3 Uncoated Paper
7.4 Global Labels Feedstock Price Analysis
7.4.1 Polyethylene Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4.2 Coated Paper Historical (2015-2019) Price Trends (2015-2019) and Forecast (2020-2025)
7.4.3 Uncoated Paper Historical (2015-2019) Price Trends (2015-2019) and Forecast (2020-2025)
8 SWOT Analysis
9 Porter’s Five Forces Analysis
9.2 Buyer’s Power
9.3 Supplier’s Power
9.4 New Entrants
9.5 Degree of Rivalry
10 Value Chain Analysis
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicator for Price
13 Procurement Strategy
13.1 Adoption Trends
13.2 Type of Contracts
13.3 Trends in Labeling
13.4 Innovation in Labeling
13.5 Sustainability Trends
14 Cost Analysis
14.1 Raw Material
14.2 Conversion Cost
14.3 Labour Cost
14.4 Utility Cost
15 Competitive Landscape & Supplier Analysis
15.1 CCL Industries
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2 Multi Packaging Solutions International Limited
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 Multi-Color Corporation
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4 Skanem AS
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5 Fuji Seal International, Inc.
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6 DPS Group
15.6.1 Company Overview
15.6.2 Financial Analysis
16 Events and Developments
The global labels market attained a volume of 60.3 billion square metre in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The labels market is projected to reach almost 78.5 billion square metre by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global labels market can be segmented into paper and plastics and others, with paper being the significant segment. The major applications of the product are pressure sensitive, glue applied, stretch and shrink sleeve, and in-mould, among others, with the pressure sensitive segment accounting for the majority of the applications of the product. The major regional markets of the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. The key players in the above industry include CCL Industries, Multi Packaging Solutions International Limited, Multi-Color Corporation, Skanem AS, Fuji Seal International, Inc., and DPS Group.
The major drivers of the industry such as rising disposable incomes, growing demand from end-use industries like food and beverage and FMCG sectors, and the increasing trend towards innovative packaging are driving the growth of the labels market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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