Labels play an important role in the brand promotion of the various products available in the market presently and they are known to have a strong influence on the buying decisions of consumers. Typically, labels are composed of a piece of paper, plastic, fabric or other material and are applied on the product. Such kind of labels provide general information regarding the product. Labels contribute to the packaging of food and consumer goods by their functional characteristics that include identification of the product, providing information regarding the ingredients, warning notices and cautionary notifications, etc. In addition, due to the aesthetic nature of labels, they are also major contributors in brand promotion.
Due to the tremendous growth of the retail sector especially in the emerging markets, several retail industry formats have emerged that sell a large number of products in bulk quantities. There is a need for differentiation of products that are available in retail stores and this has compelled manufacturers of labels to provide labels of high quality that cater to the packaging specifications of clients who are in the food and retail sectors. Such kind of labels can be applied on various substrates such as paper, glass, plastics, etc. that are used for packaging purposes. Also, the high quality visual properties of labels enhance the brand value of the particular product.
Future Market Insights has put together a comprehensive report on the global labels market that covers each and every aspect of this market in detail. This report on global labels market delves into various aspects such as drivers, restraints, trends, opportunities that influence the growth of this market. Growth of the labels market is assessed across the six regions of North America, Latin America, Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The important aspects of the market including historical analysis from the period 2012 to 2016 and the projected values of the global labels market for the period starting from 2017 till the year 2026 have been covered. As per the assessment of Future Market Insights, the global labels market is projected to register a moderate CAGR. In the year 2017, the global labels market is estimated to be valued at nearly US$ 40,800 Mn and is projected to reach a value of nearly US$ 59,500 Mn by the end of the year 2026.
Food segment to assert its dominance in the end use category of the global labels market
The food segment in the end-use category is anticipated to witness a moderate growth rate and register a CAGR of 4.3% through the period of assessment. This is a highly attractive segment in the end-use category. At the end of the period of assessment in the year 2026, the food segment is likely to exhibit a higher market share and is estimated to reach a value of nearly US$ 24,300 Mn, and thereby assert its dominance in the end-use sector of the global labels market.
Beverage segment to trail the food segment in the end use category of the global labels market
The beverage segment is trailing the food segment in the end use category, and is projected to register a CAGR of 4.0% during the period of assessment. The beverage segment is anticipated to be valued at nearly US$ 10,200 Mn in the year 2017 and is projected to reach a valuation of nearly US$ 14,500 Mn at the end of the period of assessment in the year 2026.
The report on the global labels market includes the profiles of leading players operating in this market such as Avery Dennison Corporation, Lintec Corporation, Bemis Company, Inc., UPM Raflatac, 3M Company, CCL Industries, Inc., WS Packaging Group, Inc., Herma Gmbh, Fuji Seal International, Inc. and Brady Worldwide, Inc.
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