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| Pressure Labels Market |
Pressure labels are the self-adhesive labels which offers permanent or temporary adhesion to the product once applied. Pressure labels are easily removable and repositionable. They helps the brand owners in enhancing product appeal and providing product information to end-users. It is extensively used in the packaged food and beverage industry for marking best before dates, ingredients listing, nutritional information, price and other product specifications.
The global
Pressure Labels Market is estimated to be valued at US$ 41.56 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Key Trends-
The key
trend accelerating the growth of the pressure labels market is increasing
uptake in the packaged food and beverage industry. Pressure labels are widely
used in the food and beverage industry for labelling purposes. They are durable
and can withstand the environmental conditions during transportation and
storage. Moreover, pressure labels help increase the aesthetic appeal of food
products and beverages. This drives several food manufacturers and packaged
beverage producers to opt for pressure labels. Rapid growth of the packaged
food segment along with rising consumption of packaged beverages especially
bottled water is augmenting the demand for pressure labels market.
Segment Analysis
The global pressure labels market is dominated by the release liner segment.
Release liner labels form the largest segment of the pressure labels market as
they provide easy application and removal of labels from the backing. They are
easily printable, come in a variety of sizes and thicknesses, and are used
widely across industries like food and beverages, pharmaceuticals, personal
care, and chemicals. This wide scale use across industries has made release liner
labels the dominant segment in the global pressure labels market.
Key Takeaways
The global Pressure
Labels Market Share is expected to witness high growth over the
forecast period of 2023 to 2030. The market is projected to grow at a CAGR of
7.3% during this period and reach a size of US$ 41.56 Bn by 2023.
Regional analysis
Asia Pacific region is currently the fastest growing region in the global
pressure labels market. The growth in the region can be attributed to high
economic growth, rising disposable incomes, and growing demand from end use
industries like food and beverages, pharmaceuticals, personal care etc in
countries like China, India. China currently dominates the Asia Pacific
pressure labels market owing to presence of a large manufacturing sector in the
country.
Key players operating in the pressure labels market includes GlaxoSmithKline
plc, Sanofi S.A., Pfizer Inc., Merck & Co. Inc., Novartis AG, Johnson &
Johnson, Eisai Co. Ltd, Takeda Pharmaceuticals, AstraZeneca, Valeant
Pharmaceuticals, Mitsubishi Tanabe Pharma, Abbott, F. Hoffmann-La Roche Ltd,
Sun Pharmaceutical Industries Ltd, Lupin Pharmaceuticals Inc., BioCryst
Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals, Serum Institute of India
Pvt. Ltd., CSL Limited, Teva Pharmaceutical Industries Ltd. GlaxoSmithKline plc
currently holds the largest share in the global market due to its wide product
portfolio and strong distribution network across all regions.
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