Linerless labels are the new generation labels,
witnessing growing preference over the conventional labels since the past few
years. A new research report focuses on the study of global linerless labels
market, which has been published by Future Market Insights and offers the
market forecast for the upcoming decade. The comprehensive research report is titled
‘Linerless Labels Market Global Industry Analysis 2013 - 2017 and Opportunity
Assessment, 2018 - 2028’ and it projects an anticipated CAGR of 4.9% for the
market during the forecast period.
According to the market analysis, the growth is
driven by a gradual shift of manufacturers from conventional labels such as
scale labels, inventory labels, butt cut labels, blank labels, and tire labels,
to the new age linerless technology. The shift is attributed to benefits in
cost saving, time, and the environmental edge that linerless labels have over
conventional linered labels. The report indicates that the leading end-use
industries in the market include retail and logistics.
Manufacturers are gradually shifting their
preference to the variable imaged and thermal printed linerless labels. Certain
trends are responsible for this shift of the market, including the innovative
nature of this labeling type as an ideal marketing solution. Many companies
print useful information on product labels so as to communicate with consumers,
eventually boosting the sales of linerless labels. A large number of companies
are experimenting with the use of linerless labels in an effort to achieve
attractive product labeling. There are different types of printing technologies
used such as digital printing, flexo printing, offset printing, screen
printing, and more. Among these technologies, the research report suggests that
flexo printing will lead the market with the highest value by the end of 2028.
Whereas, offset printing is expected to witness the highest CAGR of over 5.4%
during the forecast period.
The regional forecast provides a clear picture of
the market’s presence in different regions. It predicts APAC to provide the
most favorable conditions for the linerless labels market growth. The region is
projected to hold a market value of over US$ 870 Mn by the end of 2028. APAC is
also expected to witness a significant growth rate of over 6.5% during the forecast
period. Emerging economies such as India and China have been witnessing
meteoric growth in food retail industry, as well as in the adoption of the
on-the-go food consumption trend. Key manufacturers of linerless labels are
thus prioritizing expansion in untapped regional markets through joint ventures
or by mergers/acquisitions.
Global
Linerless Labels Market: Competitive Landscape
Linerless labels are used in companies involved in
manufacturing of products like beer bottles and soft drink bottles. Some of the
leading companies operating in the linerless labels industry are Innovia Films,
Coveris Holdings SA, Constantia Flexibles Group, CCL Industries, and RR
Donnelley & Sons Company etc. These companies are anticipated to play a
crucial role in pushing the entire market scenario up over the next 10 years.
The coming years may introduce new scope for the
use of linerless labels in different end-use industries. To get further
insights on the global linerless labels market, reach out to the team of expert
analysts at press@futuremarketinsights.com.
