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The global self-adhesive labels market size is expected to exhibit strong growth by reaching USD 64.9 billion by 2028 from USD 42.9 billion in 2021. Fortune Business Insights™ in its report titled “Self-Adhesive Labels Market Size, Share & COVID-19 Impact Analysis, By Type (Linerless, Release Liner), By Label Type (Permanent, Removable), By Application (Food & Beverages, Pharmaceutical, Household & Personal Care, Consumer Goods, Others), and Regional Forecast, 2021-2028” observes that the market size stood at USD 15.5 billion in 2020 and is projected to exhibit a CAGR of 6.1% during 2021 and 2028. The rising adoption of labels from the consumer goods sector and increasing awareness of biodegradable products are expected to foster the growth of the market.
Increasing Demand from the Medical Sector During COVID-19 to Boost Industry Growth
This market is expected to be positively impacted during the COVID-19 pandemic because of the rising adoption of labels in the medical sector. The spread of COVID-19 infections has led to the increasing adoption of medical equipment, further resulting in a significant rise in the product’s adoption. Post lockdown relaxations are likely to bolster the production of packaging labels. The adoption of production machinery reduced capacities, and part-time shifts may enable manufacturers to recover losses and improve market position. These factors are likely to boost market growth during the pandemic.
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Fedrigoni SpA Acquires Acucote Inc. to Expand its Brand Presence
In June 2021, a high value-added specialty packaging paper company Fedrigoni SpA acquired Acucote Inc., a manufacturer, and distributor of self-adhesive materials. This acquisition is the company’s third acquisition in 18 months and is expected to magnify the company’s business. Fedrigoni SpA previously acquired Mexican IP Venus and Italian Ritrama and is expected to reach a wider audience with this latest acquisition. The company specializes in wine labeling and holds a strong position in the personal care, beverage, pharma, logistics, household, and food sector. This strategy may allow the company to boost its production capacity and expand its brand presence in the U.S. Additionally, this acquisition may help the company establish a remarkable market position globally.
Increasing Applications in Several Industries to Boost Market Growth
Self-adhesive labels are used in several applications because of their rising demand from several industries. The labels display essential details such as expiry date, manufacturing date, content details, and others. Packaging stickers help consumers make an informed decision while selecting medical products. They are used in the consumer goods, food & beverage, medical, and pharmaceutical industry. These labels are also utilized for packaging electronics, clothing, non-durable and durable consumer goods, and others. This factor may boost its sales globally.
Further, rising per-capita income is responsible for the growth of FMCG goods sales. As a result, the adoption of these labels is increasing rapidly. They are also used for branding products by printing logos. For example, several pharmaceutical organizations utilize labels for branding their products and incorporating logos on products. In addition, their lower costs compared to digital printing are expected to bolster adoption. These factors are likely to drive the self-adhesive labels market growth.
Companies Launch Innovative Products to Expand Product Portfolio
Prominent companies operating in the market announce innovative products to attract consumers’ attention and expand their product portfolio. For example, a German self-adhesive technology specialist company named “Herma” announced its novel wash-off label adhesive 52W for developing PET bottles in May 2021. This development may enable the company to attract consumers and expand its product portfolio. Moreover, the incorporation of acquisition strategies may help companies to strengthen their market position. For example, Geostick completed the acquisition of iPB Printing B.V. self-adhesive label division in August 2020. This strategy may enable iPB to focus on its in-mold labels (IML) division and flexible packaging and allow Geostick to strengthen its market position globally.
Industry Development
LIST OF KEY MARKET PLAYERS PROFILED IN THIS REPORT:
Further Report Findings-
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2017-2028 |
Base Year | 2020 |
Estimated Year | 2021 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Billion); Volume (Million Square Meters) |
Segmentation | Type; Label Type; Application; and Region |
By Type |
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By Label Type |
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By Application |
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By Region |
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