TechNavio recognizes the following companies as the key players in the Global Label Market: Avery Dennison Corp., Bemis Co. Inc., CCL Industries Inc., and Lintec Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Package labeling is increasingly gaining importance in the emerging regions, such as the APAC region, with increasing demand for effective, advanced, and premium labels. Markets in the countries in the APAC region, such as China and India, are forecast to witness the fastest growth during the forecast period. The per-capita consumption in these countries is also expected to increase. Some of the key drivers propelling the growth of the Labels market in the emerging regions are the increase in manufacturing output for various consumer goods, the increasing demand for packaged food and beverages caused by the increasing population, and the rise in urbanization in these countries. Therefore, increasing demand from the emerging regions is another trend that is expected to have a positive impact on the Global Label market during the forecast period.”
According to the report, one of the main drivers in this market is the increasing demand for packaged food and beverages resulting from the increasing disposable income of consumers in many developing countries, and the increase in the global population. These factors have, in turn, resulted in an increase in the demand for labels by packaged food and beverage manufacturers.
Further, the report states that one of the main challenges hindering the growth of this market is its highly fragmented nature. The numerous vendors present in the market compete against each other for consumers, on prices, and for sustainability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-label-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Label Market 2014-2018
