London, 30 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Label Market in Europe 2015-2019, which is expected grow at a moderate rate of 2.72 CAGR during the forecast period of 2014-2019.
The production of labels is expected to increase during the forecast period primarily because of growing demand for technologically advanced labels and new varieties, designs, shapes, and sizes of labels from manufacturers. Many vendors in Europe are also establishing manufacturing plants in emerging markets where production costs are low, and the efficiency level is high.
“Increasing environmental concerns and the need to reduce pollution has led to more emphasis being placed on the sustainability of the environment, the use of recyclable materials in labeling (especially plastic), and the use of resins derived from renewable resources,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are increasing investment in the development of eco-friendly label products and promoting environmental sustainability.”
Key Market Drivers
- Increase in Demand for Packaged F&B Products
- Increase in Demand for Visually Appealing Products
- Growing Demand from Organized Retail Sector
- Growth of Colored Labeling
Key Market Trends
- Development of New Products
- Increasing Demand for Sustainable Labels
- Growth in Labeling Industry
- Improved Marketing Activities
Key Market Vendors
- Avery Dennison Corp.
- Bemis Company Inc.
- LINTEC Corp.
- McBride plc
- Rockline Europe
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
