Labels Market Size to Increase by 12.89 Bn m2: Technavio
17 October 2021: Technavio’s latest offering is a Market Report on Global Labels Industry. The labels market size is set to grow by 12.89 billion m2 between 2021-2025, accelerating at a CAGR of 4.00% over the forecast period.
Factors such as growing demand from the organized retail sector and the rise in demand for colored labeling will be crucial in driving the growth of the market. But the increase in prices of raw materials will restrict the market growth.
The increase in demand for sleeve labels will have a positive impact on the growth of vendors. On the other hand, high initial investments are expected to reduce the growth potential in the market.
The labels market report provides complete insights on key vendors including 3M Co., Amcor Plc, Avery Dennison Corp., Berry Global Group Inc., CCL Industries Corp., Intertape Polymer Group Inc., LINTEC Corp., Multi Color Corp. and WestRock Co.
Market Segmentation: By Label Type, the market is classified into pressure-sensitive labels, glue-applied labels, sleeve labels, and in-mold labels. The market growth in the pressure-sensitive labels segments will be significant during the forecast period.
Geography Segmentation: Market is analyzed across APAC, Europe, North America, MEA and South America. APAC will have the largest share of the market.
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