The global pressure sensitive labels market analyst says rising demand from transportation and logistics industry will be a key trend for market growth. Pressure sensitive labels are an efficient warehousing solution that provides security by helping in product authentication and tamper evidence. Security and track and trace features are applied especially on packages containing high-value goods. Security features such as customer exclusive watermarks, infrared or ultra-violet light detectable fibers, and chemical tags are incorporated in pressure sensitive labels which keep track of the products. Radio frequency identification (RFID) tags consisting of antennas and chips are integrated with pressure sensitive labels. —
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According to the 2016 pressure sensitive labels market report, one of the key drivers for market growth will be the increasing demand from organized sector. The emergence of supermarkets and hypermarkets has driven the growth for pressure sensitive labels. Organized retail has been developing in emerging economies like China and India due to an increase in consumer spending, which is estimated to increase to $33 trillion by 2020, and awareness of packaged food. Penetration levels of the organized retail industry are 23% in China and 15% in India. Increase in the organized retail sector will drive the demand for labels technologies especially in emerging economies, which will spur the growth of the pressure sensitive labels market.
According to analysts, the water-based technology segment will account for almost 62% of the overall market revenue to continue its dominance over the global pressure sensitive labels market. Water-based pressure-sensitive adhesives are mainly used for packaging and construction applications, for example, carpet and insulation installation, and adhesives in labels and stickers. Very few polymers of adequate molecular weight are used as adhesives that dissolve in water. Some of the solvent-based pressure-sensitive adhesives are rubber lattices, vinyl resins, and acrylic resins. Order a copy of Global Pressure Sensitive Labels Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=678334
The following companies are the key players in the global pressure sensitive labels market: Constantia Flexibles, Henkel, Avery Dennison, CCL Industries, Lintec, 3M, and Inland Labels. Other prominent vendors in the market are: UPM Raflatac, Technicote, NSD International, NAStar, and Reflex Labels.
APAC will continue its dominance in the pressure sensitive labels market during the forecast period and is anticipated to occupy around 57% of the total market share by 2020. Much of the region’s growth comes from the high sales of packaged foods and beverages, which has significantly increased the demand for pressure sensitive labels in these products. The growing need for clean labels with better description of the packaged products is further augmenting the growth prospects for this market. The rising innovations in labeling technologies will also contribute to the growth of the pressure sensitive labels market in APAC in the coming years.
Global Pressure Sensitive Labels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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