The global linerless labels market share is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by Fortune Business Insights™ The report further mentions that The global linerless labels market was valued at USD 2.33 billion in 2019 and is projected to grow to USD 4.42 billion by 2032, reflecting a CAGR of 5.12% over the forecast period, according to our analysis in the existing report.
The linerless labels market is growing rapidly due to the increasing demand for sustainable labeling solutions. These labels are pressure-sensitive and do not have a liner, making them eco-friendly and cost-effective by reducing waste. Unlike traditional labels that come with a backing paper (liner), linerless labels eliminate the need for this waste-generating component, appealing to environmentally conscious companies.
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Fortune Business Insights™ lists out the names of all the companies present in the global market. They are as follows:
Gipako UAB, Hub Labels, Cenveo Corporation, Reflex Labels Ltd., Skanem AS, NAStar Inc., 3M, Coveris, Avery Dennison Corporation, Ravenwood Packaging, Innovia Films, Constantia Flexibles, Lexit Group AS, RR Donnelley & Sons Company, Optimum Group, SATO Europe GmbH, Tereoka Seiko Co., Ltd., L&N Label Company, Preprint Group, DuraFast Label Company, Bizerba Australia, Bostik, Dykam A.C.A. Ltd., Weber Packaging Solutions
Key Drivers-
- Environmental Concerns: Reduced material waste and lower carbon footprints.
- Cost Savings: Less material usage, reduced inventory costs, and increased productivity.
- Technological Advancements: New innovations in label materials, adhesives, and printing technologies.
- Regulatory Compliance: Government regulations promoting the use of eco-friendly materials in packaging.
Segment-
The linerless labels market can be segmented based on:
Product Type:
- Variable Information Print (VIP) Labels
- Primary Product Labels
- Permanent Labels
Printing Technology:
- Digital Printing
- Flexographic Printing
- Offset Printing
End-User Industry:
- Food and Beverage: The largest sector due to its use in labeling perishable goods, packaging, and retail.
- Retail: As e-commerce continues to grow, the need for efficient logistics and tracking labels in retail is increasing.
- Logistics and Transportation: Linerless labels are ideal for barcode tracking in shipping and transportation.
- Pharmaceuticals: Growing due to the stringent labeling requirements in this industry.
Material Type:
- Paper-Based
- Plastic-Based
Competitive Landscape-
Key Players Focus on R&D Activities to Develop New Products
The market is semi-consolidated. Most of the top players are investing hefty amounts of money in research and development activities to introduce innovative linerless labels and their components. Below are two of the latest key industry developments:
- January 2020: Bostik unveiled its new linerless label adhesive. It is mainly designed to improve efficiencies of the production line and deliver sustainable packaging, especially for quick service restaurant applications.
- May 2019: R.R. Donnelley & Sons Company (RRD) announced the broadening of its label manufacturing platform. It added a 26” linerless press for this expansion. The press was developed by ETI Converting Equipment.
Regional Analysis-
Growth of E-commerce to Drive Market in Asia Pacific
Geographically, the market is categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, Asia Pacific generated USD 892.5 million in revenue in 2019. This growth is attributable to the expansion of e-commerce in this region. North America is anticipated to grow considerably backed by the presence of a well-established retail sector in the U.S. Also, the demand for retail and personal care goods would upsurge because of the outbreak of the Covid-19 pandemic. For gaining the confidence of customers, companies are demanding eye-catching labels for their products. In Europe, the market is set to grow steadily owing to the high demand from the pharmaceutical industry.
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Key Players Assessment in this Research:
- The report offers a detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile generated revenue, pricing of goods, and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
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