The global Pressure Labels Market Growth Accelerated by Innovation and Superior Performance
Pressure Labels Market |
Pressure labels are self-adhesive
labels that are attached to surfaces using pressure without any solvent, water
or heat. They are widely used across multiple industries for product
identification, promotional and instructional labelling. Advancements in
digital printing technologies have enabled rapid, on-demand printing of
pressure labels with variable data which has boosted their adoption over
conventional labels. Digital printing allows pressure label manufacturers to
produce custom labels in small volumes, reducing wastage.
The global pressure labels market
is estimated to be valued at US$ 47.88
Bn in 2023 and is expected to exhibit a
CAGR of 8.2% over the forecast period 2024 to 2031, as highlighted in a new
report published by Coherent Market Insights.
Market Dynamics:
One driver from heading -
Advancements in digital label printing technologies have enabled on-demand,
variable printing of pressure labels with reduced wastage. This has boosted the
adoption of digital printing in pressure label production over conventional
printing methods. Furthermore, the capability of digital printing to produce
custom pressure labels quickly in small batches as per customer requirements
has increased its popularity across end-use industries. The growth of the
e-commerce industry has also propelled the demand for digitally printed
pressure labels for product identification and tracking.
Another driver that will aid the
growth of pressure labels market is expanding application in food &
beverage industry for labeling of expiry dates, ingredients, nutritional
information etc. Pressure labels are replacing other labeling methods in food
industry due to their resistance to moisture and easy application/removal
characteristics. This trend will continue driving market revenues over the
forecast period.
SWOT Analysis
Strength:
- Pressure Labels offer higher
adhesion strength and durability which helps ensure that packages and products
remain intact during transportation and handling. They are extremely effective
for sealing and closing packaging.
- Pressure Labels provide branding
visibility and allow inclusion of important information like price,
ingredients, and care instructions directly on products. This streamlines the
purchasing process for customers.
- Manufacturers benefit from
lower production costs with Pressure Labels as they can be directly printed and
applied to products without additional packaging materials.
Weakness:
- Adhesion strength of Pressure
Labels can cause issues if they need to be removed as original surfaces may be
damaged in the process.
- They have a more limited design
scope as compared to other label types which restricts creative flexibilities
for brands.
Opportunity:
- Growing e-commerce sector is
driving the need for durable, clearly labelled packaging that can withstand
warehousing and delivery routes. This increases demand for Pressure Labels.
- Popularity of ready-to-eat
foods and increased focus on food traceability will boost usage of Pressure
Labels in the food industry for safety and authenticity purposes.
Threats:
- Availability of alternative
contact and non-contact labelling technologies can pose substitution threats to
Pressure Labels.
- Strict environmental
regulations around plastic packaging waste management may impact long-term
viability of Pressure Labels made from conventional plastic materials.
Key Takeaways
The Global
Pressure Labels Market Share is expected to witness high growth. The
growing e-commerce industry globally is driving higher demand for durable,
clearly labelled packaging that can protect products during storage and delivery
phases. This increases use of pressure sensitive labels in the packaging
industry. The global Pressure Labels Market is estimated to be valued at US$ 47.88 Bn in 2023 and is expected to
exhibit a CAGR of 8.2% over the
forecast period 2024 to 2031.
In terms of regional analysis,
North America currently dominates the pressure labels market owing to well
established packaging and labelling industry in the region. However, Asia
Pacific region is expected to be the fastest growing market for pressure labels
during the forecast period supported by rising consumer packaged goods sector
and increasing domestic consumption in populous nations such as China and
India.
Key players operating in the Pressure Labels market are 3M, Abbott
Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health, F.
Hoffmann-La Roche Ltd., GE Healthcare, Gentiva Health Services, Inc., Invacare
Corporation, Johnson & Johnson Services, Inc., The Linde Group, Medtronic,
Inc., Omron Healthcare, Inc., AdaptHealth, Current Health, Baxter International
Inc., Optum (United Healthcare), Outset Medical, and Regeneron Pharmaceuticals,
Inc. These companies are focusing on new product development and geographical
expansion strategies to strengthen their global presence.
Get More Insights Here
https://www.newsanalyticspro.com/pressure-labels-market-size-share-growth-outlook-2023/
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