The food & beverage segment is projected to be the fastest-growing end-user industry in the next five years. Furthermore, due to the growth of the pressure labels industry, pressure labels such as release liner labels and linerless labels are extensively used.
The use of pressure labels such as release liners and liner-less labels are used in the food & beverage industry. This application is projected to foster the demand for pressure labels during the forecast period.
The pressure labels market is also projected to witness growth in the consumer durables, pharmaceutical, home & personal care, and retail labels sectors. Growth of the food & beverages, consumer durables, pharmaceutical, and home & personal care industry in the developing and under-developed regions provides an opportunity for the pressure labels market to grow even further.
The pressure labels market size is estimated to grow from USD 74.14 Billion in 2015 to USD 92.46 Billion by 2020, at a CAGR of 4.52%.
With rapid urbanization and growth in industrialization and the medical sector across the globe, there is a rapidly increasing need for pressure labels. Pressure labels are a wide and diverse group of products developed for application in specific end-use industries. Food & beverages are projected to have the largest market share and dominate the pressure labels market. Retail labels are to play a key role in changing the pressure labels landscape and grow at a high rate during the forecast period.
With rapid urbanization and growth in industrialization and the medical sector across the globe, there is a rapidly increasing need for pressure labels. Pressure labels are a wide and diverse group of products developed for application in specific end-use industries. Food & beverages are projected to have the largest market share and dominate the pressure labels market. Retail labels are to play a key role in changing the pressure labels landscape and grow at a high rate during the forecast period.
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There are various modes of applications available in the pressure labels market such as water-based pressure labels, solvent-based pressure labels, hot-melt-based pressure labels, and radiation-based pressure labels. Though the radiation-based pressure labels are set to see higher growth, the water-based pressure labels hold the largest market share due to its affordability and usability.
