Linerless labels: Key market research findings
- APAC dominates the market geographically
- Food and beverages industry is the largest end user in the market
- Key vendors – 3M, Constantia Flexibles, Coveris, R.R. Donnelley, and SATO America
Technavio’s market research analysts predict the global linerless labels market to grow at a CAGR of around 5% between 2016 and 2020. Much of this market’s growth is spurred by the increasing demand for technologically advanced labels with new varieties, designs, shapes, and sizes. During 2015, the APAC region dominated the global linerless labels market by accounting for more than 39% of the overall market share. The market is expected to be dominated by China, followed by Japan because of the high demand for packaging and labeling in these countries during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of linerless label segments based on end users.
“Increased spending on promotional activities is an ongoing trend in the global market. With increased competition and the need to improve customer satisfaction, organizations in end-user segments are focusing significantly on promotional activities, resulting in a rise in the demand for innovative labeling. Besides, new vendors are entering the market to meet the labeling needs of various industries and offer innovative imaging solutions,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The food and beverages segment accounted for almost 31% of the total market space to become the dominant end user of linerless labels globally. This segment of the market is projected to grow proportionately with the rising demand for packaged foods across the globe. Vendors in the market are seeking unique designs that comply with their increased production requirements and help create product differentiation to gain shares in the competitive market. Changes in drinking preferences, especially among young people, rapid urbanization, and growth in the per capita income of individuals are factors that will fuel growth in the linerless labels market for the food and beverage industry by 2020.
The key vendors in the market include 3M, Constantia Flexibles, Coveris, R.R. Donnelley, and SATO America. The market for linerless labels is highly fragmented due to the presence of international and local vendors. On the basis of product portfolio, differentiation, and pricing, there is a stiff competition among manufacturers. Vendors are always under the pressure of creating new and attractive labels to entice customers. For instance, vendors like R.R Donnelley have strategies for expanding its product portfolio as well as the geographical footprint of the company in this market.
A more detailed analysis is available in the Technavio report, Global Linerless Labels Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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