02-Dec-2022 | Zion Market Research
The global Pressure Labels market size was worth around USD 93 billion in 2021 and is predicted to grow to around USD 136 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.2% between 2022 and 2030.
Pressure Labels are a type of information provider about the goods that also aids in tracking down and verifying the product's authenticity. These labels can be scanned using a mobile device or computer gateway and are protected by watermarks, chemical tags, and infrared detectable technology. It aids security against tampered evidence and is used as a product identification sticker, decorative package material, and product identifier. It is extensively used in food and beverage, medical, pharmaceutical, consumer durable, and other industries.
The major growth factor of the global pressure labels market is its increasing demand from different sectors. The emergence of the retail sector and supermarkets & hypermarkets are driving the global market. The organized retail sectors are increasing in emerging economies owing to the increase in consumer spending thus propelling market growth.
The emergence of label technologies in the organized retail sector is positively enhancing the global market. Pressure labels aid in the easy reading of the content and accelerate the scanning of items. Increasing demand for the product from the logistics and transportation industry will boost the global pressure labels market growth. Pressure labels act as a source of information and assist in tracing the authentication of the devices. The water-resistant surfaces of these labels encourage beverage and wine companies to prefer them widely.
The global pressure labels market is segmented based on type, composition, printing technology, application, end-use industry, and region.
The global market is divided into two types: release liner labels and linerless labels. The release liner labels segment held the biggest market share in 2021 and is likely to continue to dominate the market during the forecast period. Pressure-sensitive labels are provided with release liners to prevent the labels from clinging to undesirable surfaces. Many businesses use self-adhesive labels with release liners for packing and labeling. Paper is used in approximately 90% of release liners due to its ease of availability and inexpensive cost.
The remaining labels feature film release liners, which are stronger than paper liners but more expensive. It protects the labels from various factors such as dust and other minute particles that can adhere to the adhesive side of the labels and damage their sticking ability. Increasing demand for release liners from the food and pharmaceutical industry is expected to drive the market. However, the linerless labels are expected to grow at the highest CAGR during the forecast period owing to their cost-saving nature. Linerless printing decreases the weight of mobile printers and reduces label roll shipping costs, as linerless rolls weigh up to 40% less than traditional labels with a liner.
The global pressure labels market is segmented by end-use industry into food & drinks, consumer durables, pharmaceuticals, home & personal care, retail, transportation & logistics, and others. Over the projected period, the food and beverage category is expected to dominate the market.
The rise of the food and beverage sector is expected to have a significant impact on the market for pressure-sensitive labels. Because they allow for the incorporation of product information, regulatory information, and identification data such as barcodes on packaged food, pressure-sensitive labels are now an absolute necessity for the food and beverage industry due to the expanding use of food packaging technology for long-distance shipping.
The global pressure label market is dominated by the North American region. The growth in the region is attributed to the increasing demand from the pharmaceutical industry and the stakeholder shifting towards sustainable products.
Besides, the Asia Pacific is the largest and estimated to be the fastest-growing market due to burgeoning growth in the food & beverages and pharmaceutical industry, which has been driven by urbanization in China, India, and Japan. The pressure labels market in the region is expected to grow along with the forecasted demand growth for food, beverages, and pharmaceutical products.
The global pressure labels market is dominated by players like Avery Dennison Corporation, CCL Industries Inc., Constantia Flexibles, UPM, 3M, Henkel AG & Co. KGaA, Mondi Group, Coveris Holdings S.A., H.B Fuller, Torraspapel Adestor among others.
This review is based on a report by Zion Market Research, titled “Pressure Labels Market By Type (Release Liner Labels and Linerless Labels), By Composition (Face Stock and Adhesives), By Printing Technology (Digital Printing, Flexography, Lithography, Screen Printing, Gravure, Letterpress and Offset), By Application (Water-based, Solvent-based, Hot Melt-based and Radiation-based), End-use Industry (Food & Beverages, Consumer Durables, Pharmaceuticals, Home & Personal Care, Retail, Transportation & Logistics and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/pressure-labels-market
The global pressure labels market is segmented as follows:
By Printing Technology
By End-use Industry
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