Labels Market Size, Industry Share, Sales & Trends - 2032 | FMI

The global labels market size is set to reach a valuation of US$ 39.8 Bn in 2022, and further accelerate at a CAGR of 4.8% from 2022-2032. The market is projected to reach US$ 63.7 Bn by the end of 2032. Sales of labels are anticipated to augment with the top 5 players holding 10-15% of the global labels market share in 2021.

Based on product type, the pressure sensitive labels (PSL) segment is projected to hold a major portion of the global labels market during the forecast period. These labels can withstand and maintain their integrity in different environmental conditions and are easy to apply. The segment is thus anticipated to hold around 3/4th portion of the market by the end of the forecast period

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Labels play an important role in the brand promotion of the various products available in the market presently and they are known to have a strong influence on the buying decisions of consumers. Typically, labels are composed of a piece of paper, plastic, fabric or other material and are applied on the product. Such kind of labels provide general information regarding the product.

Due to the tremendous growth of the retail sector especially in the emerging markets, several retail industry formats have emerged that sell a large number of products in bulk quantities. There is a need for differentiation of products that are available in retail stores and this has compelled manufacturers of labels to provide labels of high quality that cater to the packaging specifications of clients who are in the food and retail sectors.

Such kind of labels can be applied on various substrates such as paper, glass, plastics,. that are used for packaging purposes. the high quality visual properties of labels enhance the brand value of the particular product.

Food segment to assert its dominance in the end use category of the global labels market

The food segment in the end-use category is anticipated to witness a moderate growth rate and register a CAGR of 4.3% through the period of assessment. This is a highly attractive segment in the end-use category. At the end of the period of assessment in the year 2026, the food segment is likely to exhibit a higher market share and is estimated to reach a value of nearly US$ 24,300 Mn, and thereby assert its dominance in the end-use sector of the global labels market.

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Beverage segment to trail the food segment in the end use category of the global labels market

The beverage segment is trailing the food segment in the end use category, and is projected to register a CAGR of 4.0% during the period of assessment.

The beverage segment is anticipated to be valued at nearly US$ 10,200 Mn in the year 2017 and is projected to reach a valuation of nearly US$ 14,500 Mn at the end of the period of assessment in the year 2026.

Competitive Landscape

The report on the global labels market includes the profiles of leading players operating in this market such as

Avery Dennison Corporation,
Lintec Corporation,
Bemis Company, Inc.,
UPM Raflatac,
3M Company,
CCL Industries, Inc.,
WS Packaging Group, Inc.,
Herma Gmbh,
Fuji Seal International, Inc. and
Brady Worldwide, Inc.
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The market has been classified strategically to get a holistic picture of the market

The market taxonomy of the global labels market is presented to give a holistic picture about this market and ensure that all the segments and sub-segments of this market are properly represented. This market taxonomy also helps in studying the full extent of the global labels market and helps in the logical interpretation of the market numbers presented in this report.

Region:

North America
Latin America
Europe
Japan
APEJ
MEA
Product Type:

Glue Applied
In-mould Labels
Sleeve Labels
Self-adhesive Labels
Other Labels
Material Type:

Paper
Foil
Plastic Films
End Use:

Food
Beverage
Cosmetic & Personal Care
Pharmaceuticals
Automotive & Mechanical Parts Packaging
Chemicals
Others (Logistic, Transportation, Entertainment, Security.)

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This release was published on openPR.