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The global self-adhesive labels market size is expected to reach USD 71.24 billion by 2027. The increased demand for green biodegradable products will foster the healthy growth of the market, mentioned in a 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, 2020-2027.” The market size stood at USD 43.62 billion in 2019 and is expected to exhibit a CAGR of 6.3% between 2020 and 2027.
Extension of UPM’s Forest Film Range to Augment Growth
UPM Raflatac, a global supplier of label materials for branding and promotion, information, and functional labeling announced that it has launched Forest Film PE to complement its range of sustainable film labeling solutions. The growing availability of sustainable alternatives by companies will simultaneously improve the prospects of the market during the forecast period. For instance, the first wood-based film label materials by UPM Raflatac Forest Film will be manufactured from post-consumer recycled (PCR) plastic, which, in turn, will boost sustainability.
Moreover, the Forest Film PE (polyethylene) label material is produced in collaboration with UPM Biofuels, another UPM subsidiary, and global chemicals major Dow Chemical Company (Dow), a subsidiary of DowDuPont holding company composed of Dow and DuPont. Dow announced the commercialization of bio-plastics offerings for the packaging and labeling, as well as the commerce industry made from a bio-based renewable feedstock. The collaboration will help the commercialization of bio-plastics offerings by Dow. Dow’s partnership with UPM can further improve the alternative plastics production, hence favoring the environment.
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Increasing Demand for Cost-effective Products to Aid Expansion
The relatively low cost of labeling options like digital printing, painting, and others will have an excellent effect on market growth. The growing need for raw materials in the manufacturing of labels like plastic, paper, adhesives, and other materials will enable speedy expansion of the market. The market is projected to grow significantly on account of the rising availability and cost-effectiveness of labels, as compared to digital printing inks. However, stringent regulations regarding the packaging and labeling of food products will subsequently inhibit the growth of the market. Likewise, the toxicity of inks and adhesives in labels can further restrict its adoption. Inks contain toxic components that can poisoning, which, in turn, will restrain the growth of the market.
Acquisitions and Partnerships of Key Players to Intensify Competition
Key players operating in the market are 3M Company, Avery Products Corporation, VPF GmbH, Lintec Corporation, S&K Labels, Ritrama, Mondi Group, H.B Fuller, and others. The growing focus towards the development of food-grade self-adhesive labels by companies in compliance with regulatory standards will strengthen their position in the market. Moreover, increasing acquisitions and joint ventures among key players will further consolidate business prospects and drive the market growth.
For instance, in February 2020, the Fedrigoni Group announced that it has acquired Ritrama to cater to the high demand for self-adhesive products with its manufacturing facilities in Spain, Italy, UK, Chile, and China. This acquisition will aid the expansion of the self-adhesive label and pressure-sensitive products.
The Report Lists the Key Companies in the Self-Adhesive Labels Market:
Further Report Findings:
The Self-Adhesive Labels Market is Segmented into:
Volume (Million Square Meters); Value (USD Billion)
By Label Type