PUNE, India, February 29, 2016 /PRNewswire/ --
The report "Pressure Labels Market by Type (Release Liner, Linerless), Composition (Facestock, Adhesives, Others), Printing technology (Digital Printing, Flexography, Others), & Mode of Application (Water-Based, Solvent-Based, Others) Global Forecast to 2020" published by MarketsandMarkets, The market size is estimated to grow from USD 74.14 Billion in 2015 to USD 92.46 Billion by 2020, at a CAGR of 4.52%.
Browse 214 market data Tables and 56 Figures spread through 329 Pages and in-depth TOC on "Pressure Labels Market"
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Factors such as increasing demand in Asia-Pacific, growing demand from the pharmaceutical sector, and wide application of pressure labels in diverse industries drive the Pressure Labels Market. However, rising raw material cost and advantages of wet-glue labels over pressure labels act as a restraint for the market. Growth of the food & beverages, consumer durables, pharmaceutical, and home & personal care industry in the developing and under-developed regions provides an opportunity to the Pressure Labels Market to grow even further.
Food & beverages segment to gain maximum traction during the forecast period
The food & beverages segment is projected to be the fastest-growing end-user industry in the next five years. Furthermore, due to the growth of the pressure labels industry, pressure labels such as release liner labels and linerless labels are extensively used. The Pressure Labels Market is also projected to witness growth in the consumer durables, pharmaceutical, home & personal care, and retail labels sectors, during the forecast period.
Release liner labels to play a key role in the Pressure Labels Market
The report defines and segments the Pressure Labels Market on the basis of type, composition, printing technology, mode of application, functions, end-user industries, and region along with providing in-depth analyses and market-size estimations. The release liner labels segment is estimated to contribute the largest market share whereas linerless labels, at the highest CAGR, will play a key role in changing the pressure labels landscape during the forecast period.
"Asia-Pacific region set to be the largest market for pressure labels during the forecast period."
Pressure labels are widely used across regions. The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As pressure labels are used widely by different industries, such as food & beverages, consumer durables, pharmaceutical, and home & personal care, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these labels. This is followed by Europe, which is the next largest market for pressure labels followed by North America and Rest of the World.
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The major vendors in the Pressure Labels Market include players such as Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), Constantia Flexibles (Austria), UPM (Finland), and 3M (U.S.). The other players in the market are Henkel AG & Co. KGaA (Germany), Mondi Group (South Africa), Coveris Holdings S.A. (U.S.), H.B Fuller (U.S.), and Torraspapel Adestor (Spain).
The scope of the report covers detailed information regarding the major factors influencing the growth of the Pressure Labels Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the Pressure Labels Market.
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