Chicago, Nov. 08, 2022 (GLOBE NEWSWIRE) — The Global Linerless Labels Market size is expected to grow from $1.7 billion in 2021 to $2.2 billion by 2026, at a CAGR of 4.8% from 2021 to 2026according to the recent MarketsandMarkets™ study. The market is expected to grow on the rise in demand for linerless labels across numerous end-use industries, especially for food, beverage, and home and personal care applications across the globe. Rapid urbanization, industrialization and increasing consumer spending is expected to further drive the market. The increasing use of durable labeling solutions is expected to provide tremendous opportunities for linerless label manufacturers.
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List of Key Players of Linerless Labels Market:
- 3M (USA)
- CCL Industries Inc (Canada)
- R. R. Donnelley & Sons Company (USA)
- Avery Dennison Corporation (USA)
- Multi-Color Corporation (USA)
Drivers, Constraints, Opportunities and Challenges of Linerless Labels Market:
- Driver: Rise in demand for packaged food and beverages
- Detention: Strict government regulations
- Opportunity: Increasing innovations for linerless labels
- Challenge: Availability of substitutes on the market
Main results of the study:
- In terms of value and volume, the variable information printing segment is expected to dominate the linerless label market in 2020.
- In terms of value and volume, digital printing technology is estimated to be the fastest growing segment in the linerless label market.
- APAC is expected to be the fastest growing region in the linerless label market over the forecast period.
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In terms of value and volume, the variable information printing segment is expected to dominate the linerless label market in 2020.
The variable information printing segment accounted for the largest market share in the linerless label market. The Variable Information Printing (VIP) label, also known as a thermal label, is made from paper or film-based facestock materials and is widely used in a range of end-use industries. Variable information printing label saves time, reduces waste and improves scratch and abrasion resistance. It is widely used in weighing systems, warehousing, transportation and point of sale solutions
In terms of value and volume, digital printing technology is estimated to be the fastest growing segment in the linerless label market.
The digital printing technology segment is expected to grow at the highest CAGR from 2021 to 2026. This technology presents a high-quality and cost-effective solution for manufacturing well-designed linerless labels with recycling options. It is a technology widely used by manufacturers in various end-use industries. Storing labels and pre-printed products has become unnecessary due to the print-on-demand and personalization capabilities of digital productions.
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APAC is expected to be the fastest growing region in the linerless label market over the forecast period.
APAC is expected to be the fastest growing region in the linerless label market in terms of value and volume from 2021 to 2026. This region is witnessing the highest growth rate owing to the rapid economic expansion . According to the IMF, China and India are among the fastest growing economies in the world. India is expected to overtake China with the highest growth rate, thereby driving the global economy. Increasing disposable income of people, shifting manufacturing facilities from developed regions, such as North America and Europe, and rapidly growing industrial sectors are expected to drive the APAC market.
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