From GlobeNewswire:

The Global Self-adhesive Labels Market is projected to grow from USD 53.2 billion in 2023 to USD 69.2 billion by 2028 at a CAGR of 5.4%. The industry is driven by demand from packaging companies and the preference of consumers for branded, packaged food. Developing economies present significant opportunities for growth in the self-adhesive labels market.

The study by MarketsandMarkets™ reports that developing markets such as Brazil, India, and China offer rich growth potential for the self-adhesive labels market. On the other hand, saturated markets in developed economies such as North America and Europe are expected to experience slower growth.

The study also offers insights into the key players in the self-adhesive labels market, including CCL Industries, Avery Dennison Corporation, and Huhtamaki OYJ, among others. Additionally, it identifies drivers, restraints, opportunities, and challenges within the industry.

Based on the nature of self-adhesive labels, the permanent segment is anticipated to register the highest CAGR during the forecast period. This projected growth is attributed to increased demand from the food & beverages, electronics, and pharmaceutical industries, which require durable labels.

As for the printing technology utilized in self-adhesive labels, the flexography segment is expected to register significant growth during the forecast period. Its versatility, cost-effectiveness, and ability to deliver high-quality results contribute to its widespread adoption in the market.

The report emphasizes the food & beverages segment as the one anticipated to register the highest CAGR during the forecast period, driven by high demand from the food & beverage, pharmaceutical, and consumer durable industries.

Finally, the Asia Pacific region is forecasted to register the highest CAGR during the forecast period, with rapid industrialization, urbanization, and increased demand for consumer goods and packaged products driving the demand for efficient labeling solutions.



Read more: Self-Adhesive Labels Market Estimated to Reach $69.2