The self-adhesive label market is a rapidly growing segment of the global labeling industry, driven by the increasing demand for efficient and cost-effective labeling solutions across various industries. Self-adhesive labels, also known as pressure-sensitive labels, are made of paper, film or other materials and are coated with a pressure-sensitive adhesive. They can be easily applied to various surfaces without the need for any additional adhesive or heat.
The permanent labels segment is estimated to be valued at around US$ 5,600 Mn in 2017 and is expected to reach more than US$ 7,500 Mn by 2024, expanding at a CAGR of 5.6% over the forecast period. The permanent labels segment is expected to create incremental opportunity of little more than US$ 10 Bn between 2016 and 2024 and is anticipated to witness a significantly high market attractiveness during the projected period.
One of the key drivers of the market growth is the increasing demand for efficient labeling solutions across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods.
The self-adhesive label market is also being driven by the growing demand for sustainable and environmentally friendly labeling solutions. Many companies are choosing to use self-adhesive labels made from eco-friendly materials and using sustainable production methods, as consumers become more conscious of the impact of packaging on the environment.
Another factor driving the growth of the self-adhesive label market is the increasing use of automation in labeling processes. Many companies are adopting automated labeling solutions to increase efficiency and reduce costs, and self-adhesive labels are ideal for use in automated labeling systems due to their ease of use and versatility.
The self-adhesive label market is highly competitive, with a large number of players vying for market share. Some of the major players in the market include Avery Dennison Corporation, UPM-Kymmene Oyj, CCL Industries Inc., 3M Company, and Henkel AG & Co. KGaA. These companies offer a wide range of self-adhesive labels, including paper, film, and specialty labels, and are constantly innovating and improving their products to meet the evolving needs of customers.
In conclusion, the self-adhesive label market is a rapidly growing segment of the global labeling industry, driven by the increasing demand for efficient and cost-effective labeling solutions across various industries. The market is highly competitive, with a wide range of self-adhesive labels available to customers. As the market continues to grow, we can expect to see further innovation and advancements in self-adhesive label technology, as well as an increased focus on sustainability and automation in labeling processes.