Author : SpecialChem
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The self-adhesive labels market is projected to grow through 2018 |
The self-adhesive labels market is projected to grow from to USD 40.50 billion by 2023, at a CAGR of 5.5%. Increase in urban population, demand for pharmaceutical supplies, and growth of the e-commerce industry are the main drivers of the self-adhesive labels market.
Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling, which compel people to rely on modern labeling techniques, are some of the factors driving the self-adhesive labels market growth.
Asia Pacific contributes a major market share in the global self-adhesive labels market. Factors such as rapid urbanization in China and India, along with the growth in disposable income, drive the growth of the Asia Pacific self-adhesive labels market. FDI investments in the organized retail sector have also contributed to the demand for self-adhesive labels in this region. The growing demand for packaged food products and convenience products are also major factors contributing to the growth of the self-adhesive labels market in this region.
The global market for the self-adhesive labels is dominated by players such as Avery Dennison (US), CCL Industries (Canada), Constantia Flexibles Group (Austria), UPM-Kymmene (Finland), Multi-Color Corporation (US), Coveris holdings S.A. (US), Fuji Seal International (Japan), Huhtamaki (Finland), LINTEC (Japan), and Torraspapel Adestor (Spain).
Source: Markets and Markets
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