DUBLIN, October 6, 2017 /PRNewswire/ --
The "Global Labels Market 2017-2021" report has been added to Research and Markets' offering.
The global labels market to grow at a CAGR of 3.86% during the period 2017-2021.
Global Labels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increased implementation of barcode technology. Barcodes are product identifiers and the most predominant track and trace technology. They are important for supply chain management as they document and secure a wide range of information that includes product manufacturing date, location, batch number, as well as the expiry date. Therefore, barcode labels act as security labels for the product.
According to the report, one driver in the market is increase in demand for sleeve labels. The demand for sleeve labels is expected to increase at a growth rate of 5.84% during the forecast period. The reason for the high growth rate is that sleeve labels are inexpensive because they are made from PVC, which is a low-cost material and had a shrink rate of 64%-67% in 2016. Apart from this, sleeve labels eliminate the requirement for colored containers and offer new and innovative advertising prospects. Heat shrink labels hold the largest share of the sleeve label market and are widely used for the labeling of beverages, including water, soft drinks, and juices.
Further, the report states that one challenge in the market is increase in prices of raw materials. The increase in the prices of raw materials used in the manufacturing of labels is the major limitation in the growth of the global labels market. There has been an increase in the price of raw materials, including paper, plastic resins, adhesives, additives, and wood pulp. The price of propylene increased 8-10 US cents per pound in North America on January 30, 2017, as compared with the beginning of the month in the same year. Along with this, the price of paper is expected to increase at a rate of more than 2% annually after 2017.
- Avery Dennison
- CCL Industries
Other prominent vendors
- Berry Global
- Constantia Flexibles
- Hood Packaging
- Intertape Polymer Group
- Karlville Development
- Klckner Pentaplast
- Macfarlane Group
- The DOW Chemical Company
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Label Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/2zmnpk/global_labels
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