The market is expected to generate an incremental $ opportunity of US$ 992.36 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00307 Format: PDF Pages: 300
Linerless Labels Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Linerless Labels Market grew at a CAGR of 4.2% between 2017-2021 and is estimated to be US$ 1,794.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 2,787.0 Mn by 2032 end.
While linerless labels offer all the advantages of self-adhesive labelling, including increased productivity, volume applications, and environmental advantages due to their lack of carrier backing paper, they are not always the best option for label manufacturing due to a few drawbacks.
The market is seeing technical advancements as a result of the industry participants’ ongoing research and development. Over the projection period, such improvements are anticipated to increase the popularity of linerless labels.
ECOFRIENDLY NATURE DRIVES THE MARKET FOR LINERLESS LABELS
The linerless labels are deemed the most efficient and environmentally friendly. Linerless Labels do not have liners, which makes them very environmentally friendly. The wrapper-free labels are more affordable than traditional labels with their disposable liners as demand for them is increasing in the packaging industry.
Most key players in the market prefer linerless Labels due to their cost-effective nature in each aspect. The liners in a label will add weightage in transportation and can cause damage to the product during movement, increasing freight costs. With Linerless Labels, manufacturers can reduce production costs significantly because it is possible to wound them onto rolls due to the absence of liners.
RAW MATERIALS FLUCTUATING PRICES HAMPER THE MARKET GROWTH
With the fluctuating price of raw materials, it is difficult for manufacturers to cover their costs because raw materials become cheaper or more expensive during a certain period. Also, as there is no die-cutting machine for the Linerless Labels, this factor might be challenging. On the other hand, conventional labels use a simple adhesive technology that doesn’t require any special line equipment while applying it.
SHIFTING TREND TOWARD ECO-FRIENDLY PRODUCTS WILL CREATE MORE OPPORTUNITIES FOR THE MARKET
Innovations in Linerless Labels packaging have led to significant growth prospects for the Linerless Labels Market. The demand for disposable liners is growing; this has been aided by new applications of liners, increasing awareness among purchasers, and greater rethinking regarding the quality characteristics of various options. Many new players emerged in the packaging industry that strongly supports eco-friendly processes and supplies. Matured market players have also started to show interest in eco-friendly products that reduce carbon print. Such organizations regard the Linerless Labels primarily in their reserves. As Linerless Labels can adhere to even highly recycled content like corrugated boxes. Additionally, the availability of varied adhesive options for various applications has offered a promising opportunity for the Linerless Labels Market growth
COVID-19 has created an economic shock across the globe and affected the supply chain department of the Linerless Labels Market. In addition, there was an enhanced demand for the pharmaceutical, food, and beverage industries due to COVID-19, which has negatively impacted end-user applications. Additionally, there was increased usage of online shopping, leading to fast-paced growth.
Market Segments Covered in Report
By Printing Ink:
By Printing Technology:
By Region and Country:
Why is Direct Thermal projected to ensure the most revenue during the forecast period?
At 52.3% of the market, Direct Thermal had the greatest revenue share. Due to the low cost of ink and paper usage. Direct thermal printers utilize single-colored ink, which provides greater margin potential than color printing. In addition, these devices are efficient and portable, as they can easily be carried around with a customer’s shipment.
Why is the Food & beverage segment expected to expand the fastest during the forecast period?
In 2021, the Food & beverage application market will rule. Linerless labels are often used in the food industry to provide comprehensive information about food products such as seafood, vegetables, meat, poultry, and snack products. Linerless labels are used to provide detailed information about goods and also make the product look attractive. This factor will likely bolster linerless brand demand during the forecast period.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market by diversifying the products they provide. These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for chlorinated solvents in the worldwide industry, market players in the Linerless Labels market can anticipate attractive growth prospects in the future.
Some of the key developments that have taken place in the Linerless Labels Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Composition, Printing Ink, Printing Technology, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|