According to research study by FortuneBusiness Insights™ The global linerlesslabels market share is set to gain momentum from their rising demandfrom 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 global linerless labels market size wasvalued at USD 2.33 billion in 2019 and is projected to reach USD 4.42 billion by 2032, exhibitinga CAGR of 5.0% during the forecast period.
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This Report Answers the FollowingQuestions:
- What are the strategies adopted by key companies to increase sales?
- Which region is expected to lead the market by generating the largest revenue?
- Which segment would dominate the market by gaining the maximum share?
- What are the growth drivers and obstacles that the market may come across in the coming years?
- What are the challenges and opportunities in the market?
Drivers & Restraints-
Rising Usage of Attractive &Food-safe Labels to Spur Growth
Brand recognition plays a vital rolewhen it comes to the sales of food products worldwide. Labeling is a
significant part of branding. The utilization of food-safe and attractive
labels helps the food and beverage industry to grow. In the Latin American and
Asian countries, namely, Brazil, Japan, and Southeast Asia, food products, such
as fruits, bacon, and ham are packed with linerfree labels. Also, several
ruling bodies have put forward strict norms and regulations regarding the
information that is to be printed on the labels of food products.
Segment-
Food & Beverage Segment to HoldLargest Share Backed by the High Demand for Linerless Labels
Based on application, the market issegregated into logistics, retail, pharmaceutical & personal care, food
& beverage, and others. Amongst these, the retail segment held 16.9%
linerfree labels market share in 2019. The food & beverage segment is
expected to procure the largest share throughout the forthcoming period as it
is necessary for the prominent companies to differentiate their products from
the competitors. Therefore, they need a wide variety of labels to showcase
authentic information regarding the contents of the product.
Competitive Landscape-
Key Players Focus on R&D Activitiesto Develop New Products
The market is semi-consolidated. Mostof the top players are investing hefty amount of money in research and
development activities to introduce innovative linerless labels and their
components. Below are two of the latest key industry developments:
