- The key vendors in the global label market 2015-2019 are Bemis, Avery Dennison, CCL Industries and Lintec.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global label market 2015-2019. Corporations are investing heavily in R&D to develop innovative labeling solutions and materials. Advanced label technologies and new innovative materials not only help save costs but also help improve production efficiencies. This, in turn, is opening new markets for vendors to venture into. The global label market is expected to grow at a CAGR of 3.81% during 2014-2019.
The production of labels is expected to increase steadily during the forecast period. This is primarily because of the increasing demand for technologically advanced labels, and new varieties, designs, shapes, and sizes of labels from manufacturers. Numerous vendors are also establishing manufacturing plants in emerging markets where production costs are low, and the efficiency level is high
“The 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 Research.
To define the market conditions 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.
If you are interested in more information on this topic and our upcoming research on the Global Label Market 2015-2019, please send an e-mail to media@TechNavio.com
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