Avery Dennison Corporation (US) and CCL Industries Inc. (Canada) are leading players in Self-Adhesive Labels Market

 

The global self-adhesive labels market size is projected to grow from USD 46.5 billion in 2020 to USD 59.2 billion by 2025, at a compound annual growth rate (CAGR) of 4.9% during the forecast year. The growth is attributed to the change in style of labeling, innovative & sustainable labeling solutions, increasing urban population leading to the increase in demand for home & personal care products, and boost in demand for packaged food and ready-to-eat meals, due to the rising working population.

The self-adhesive labels market is quite fragmented, but it has large players, such as Avery Dennison Corporation (US), CCL Industries Inc. (Canada), Sato Holdings Corporation (Japan), All4labels Group (Germany), Multi-Color Corporation (US), Coveris holdings Holdings S.A. (US), Fuji Seal International, INC. (Japan), Huhtamaki Oyj (Finland), LINTEC Corporation (Japan), Skanem S.A. (Norway), and Torraspapel Adestor (Spain). These players have adopted various growth strategies, such as expansions & investments, new product developments, mergers & acquisitions, to increase their market shares and enhance product portfolios.

Mergers & acquisitions accounted for the largest share of all the strategic developments that took place in the self-adhesive labels market between 2016 and 2020. Key players such as Avery Dennison Corporation (US), CCL Industries Inc. (Canada), All4labels Group (Germany), Multi-Color Corporation (US), Coveris holdings Holdings S.A. (US), Fuji Seal International, INC. (Japan), Huhtamaki Oyj (Finland), LINTEC Corporation (Japan), Skanem S.A. (Norway) adopted these strategies to strengthen their business portfolios and presence in the self-adhesive labels industry.

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CCL Industries Inc. is one of the leading label manufacturers and converters of pressure-sensitive and extruded film materials. Its customer base comprises global consumer products, healthcare, chemical, and durable goods companies. It operates through its four business segments: CCL (converter of pressure sensitive and specialty extruded film materials), Avery (supplier of labels, specialty converted media, and software solutions), Checkpoint Systems (developer of RF and RFID based technology systems), and Innovia (producer of specialty, high-performance, multi-layer, surface engineered films for label, packaging, and security applications). The company has a foothold and a strong customer base in Canada.
It has corporate offices in Toronto, Ontario, Canada, and Framingham, Massachusetts, US. The company has its presence in about 42 countries, globally, and has a label and tube license holder operating two plants in Indonesia.

Avery Dennison is one of the key players in the self-adhesive labels market and designs and produces a wide range of labelling and functional materials. The company’s product portfolio includes pressure-sensitive materials (for labels and graphic applications), tapes & other bonding solutions (for medical, industrial, and retail applications), tags, labels, and embellishments (for apparel), and radio-frequency identification (RFID) solutions (for retail apparel and other markets).
It operates through three business segments: Label and Graphic Materials; Retail Branding and Information Solutions; and Industrial and Healthcare Materials. It offers self-adhesive labels through the Label and Graphic Materials segment. This business segment is responsible for the production of the pressure-sensitive labels and packaging materials & films for graphic and reflective products.

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Growth of the food & beverages industry is expected to drive the market for self-adhesive labels

The global self-adhesive labels market size is projected to grow from USD 46.5 billion in 2020 to USD 59.2 billion by 2025, at a CAGR of 4.9%. The demand for self-adhesive labels can be attributed to the increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling, which compel people to rely on modern labeling techniques. Lack of awareness about various types of labeling techniques factors in decreasing the demand for labels. Varying environmental mandates in terms of printing on labels across different regions and the increasing cost of raw materials are significant challenges faced by manufacturers.

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A large number of self-adhesive labels are used in the food industry for fresh food, meat, fish, seafood, fresh produce, poultry, and ready meals. Increase in demand for convenience and quality food products has led the market for self-adhesive labels.

Recent Developments
In March 2020, CCL Industries Inc. acquired Flexpol sp. z.o.o. (Flexpol), which currently trades as Innovia Poland. This acquisition is expected to enhance the existing capabilities of the company to serve the label industry in the European region.
In March 2020, Coveris acquired Plasztik-Tranzit Kft (Hungary), a producer of flexible packaging solutions for the food industry. The acquired company is renamed as Coveris Pirto and is a part of Coveria Holdings. This strategic development is expected to create a center for high-tech packaging manufacturing in East Europe and to boost the production capability of the company in the medical, food, and films end-markets.

The APAC region is projected to lead the self-adhesive labels market, in terms of both value and volume from 2020 to 2025. The usage of self-adhesive labels in the region has increased due to cost effectiveness, easy availability of raw materials, and demand for product labeling from highly populated countries such as India and China. The increasing scope of applications of self-adhesive labels in the food & beverage, healthcare, and personal care industries in the region is expected to drive the self-adhesive labels market in APAC. The growing population in these countries presents a huge customer base for FMCG products and food & beverages. Industrialization, growing middle-class population, rising disposable income, changing lifestyles, and rising consumption of packed products are expected to drive the demand for self-adhesive labels during the forecast period.

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Significant growth for Self-adhesive labels is observed in the Asia-Pacific region

Self-adhesive labels are labels that have their back surface coated with an adhesive substrate; they do not require any application of glue or moistening. The growth of the self-adhesive labels market is projected to be driven by growth trends of the converting and packaging industries around the world. MarketsandMarkets projects that the self-adhesive labels market size is projected to grow from USD 31.06 billion in 2018 to USD 40.50 billion by 2023, at a CAGR of 5.5%. Factors such as increasing urban population, demand from end-use industries, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global self-adhesive labels market. With the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates are printed.

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Asia Pacific dominated the regional market and this trend is projected to continue during the forecast period. China contributes a major share of the Asia Pacific market and is also the projected to be the fastest growing country in the region. Industrialization has enhanced urbanization in China through the migration of rural populations to urban areas and the development of towns into cities. As a result of the steady economic growth, Chinese households experienced a continued increase in disposable income, which has contributed to the demand for self-adhesive labels. Moreover, the food & beverage industry in the country further contributes to the demand for self-adhesive labels.

The Middle East & Africa is projected to be the fastest-growing region during the forecast period. The market in this region is in its emerging stage and global players, to improve their presence in this region, have started expanding their businesses, particularly in Africa, due to the availability of cheap labor, low exchange rates, and lenient environmental, health, and safety laws. The geographic proximity of the Middle East & Africa with Asia Pacific and Europe has made this region an emerging destination to set up manufacturing facilities.

The self-adhesive labels market is dominated by players such as Avery Dennison (US), CCL Industries (Canada), Constantia Flexibles Group (Austria), UPM-Kymmene (Finland), Multi-Color Corporation (US), Coveris holdings S.A. (US), Fuji Seal International (Japan), Huhtamaki (Finland), LINTEC (Japan), and Torraspapel Adestor (Spain). These players adopted strategies such as, acquisitions, new product developments, expansions, divestments, investments, agreements, collaborations, joint ventures, and partnerships to expand their presence in the self-adhesive labels market.

Avery Dennison is a global leader in labeling and packaging materials and solutions. Its wide range of products caters to a variety of applications across beverages, durable goods, food products, home & personal care products, pharmaceutical products, and wine & spirits. Its strong global presence, robust R&D capabilities, and adoption of growth strategies such as acquisitions, new product developments, expansions, and collaborations have ensured its prominent position in the market. In September 2017, Avery Dennison expanded its presence in Pune, India by opening an Innovation and Knowledge Centre, with the aim to support its partners, employees, and customers across South Asia Pacific and Sub-Saharan Africa (SAPSSA). This investment to integrate Knowledge Centre and Innovation Centre into a single location will accelerate their product development as well as ability to deliver faster solutions in order to meet customer’s requirements.

CCL Industries is one of the key converters of pressure-sensitive and extruded film materials. The CCL Label segment contributes to a major share of the company’s sales. For instance, it contributed around 59.4% to the overall sales in 2017. Its customer base comprises global consumer product, healthcare, chemical, and durable goods companies. The company adopted acquisitions as it key growth strategy to enhance its product portfolio. For instance, in May 2018, CCL Industries entered into an agreement to acquire Nortec International Ltd. (Israel) for USD 9 million. The acquired company specialized in the manufacturing of marking systems and high-performance labels. The acquisition was aimed at strengthening the company’s presence in Israel.

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The food & beverages application is estimated to play a key role in the self-adhesive labels market

Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling, which compel people to rely on modern labeling techniques, are some of the factors driving the self-adhesive labels market growth. The growth of this market is propelled by the increase in urban population, demand from end-use industries, rise in consumer awareness, and growth of the e-commerce industry. In 2018, the food & beverages segment is projected to constitute a large share in the self-adhesive labels market; it is projected to grow at the second-highest rate during the forecast period due to growing demand for packaged and branded products, and consumer awareness about authenticity and other details of the product. The pharmaceuticals segment is projected to be the fastest-growing application, in terms of value, from 2018 to 2023. The growth in the pharmaceutical industry is a result of the significant role of self-adhesive labels in enhancing operational efficiency, security, and compliance.

MarketsandMarkets projects that the self-adhesive labels market size to grow from USD 31.06 billion in 2018 to USD 40.50 billion by 2023, at a CAGR of 5.5%.

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On the basis of type, the market for self-adhesive labels is segmented into release liner and linerless labels. The release liner segment is projected to be the faster-growing segment the self-adhesive labels market during the forecast period. The main factor that led to the growth of release liner labels is that these labels can be easily be cut into any shape. The growth of release liner segment can be further attributed to its application in food & beverages and consumer durables.

On the basis of nature, the permanent segment is projected to be the fastest-growing from 2018 to 2023. The growing demand for permanent labels is due to their long-term durability and resistance on difficult surfaces.

The digital printing segment, based on printing technology, is projected to be the fastest-growing in the studied market. This growth can be attributed to the elimination of the printing plate in digital printing, thereby saving time and production expenses.

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The Middle East & Africa is projected to be the fastest-growing region in the self-adhesive labels market. In terms of growth rate, the Middle East was followed by Asia Pacific. The growth in the Middle East is expected to be driven by the availability of cheap labor, low exchange rates, and lenient environmental, health, and safety laws. The geographic proximity of Africa and the Middle East with Asia Pacific and Europe has made this region an emerging destination to set up manufacturing facilities.

Factors such as rapid urbanization in China and India, along with the growth in disposable incomes, drive the growth of the Asia Pacific self-adhesive labels market. FDI investments in the organized retail sector have also contributed to the demand for self-adhesive labels in this region. The growing demand for packaged food products and convenience products are also major factors contributing to the growth of the self-adhesive labels market in this region.

Food & beverages segment to gain maximum traction during the forecast period of Pressure Labels Market

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.

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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.

Release liner labels to play a key role in the pressure labels market

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%.

The pressure labels market is growing rapidly in accordance with the growth in the packaging market globally. 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 report aims at estimating the market size and future growth potential of the pressure labels market across different segments such as type, composition, printing technology, mode of application, end-use industry, and region.

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The report defines and segments the pressure labels market on the basis of type, composition, printing technology, mode of application, functions, end-user industries, and region along with providing in-depth analyses and market-size estimations. The release liner labels segment is estimated to contribute the largest market share whereas linerless labels, at the highest CAGR, will play a key role in changing the pressure labels landscape during the forecast period.

Food & beverages segment to gain maximum traction during the forecast period

The food & beverages 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 pressure labels market is also projected to witness growth in the consumer durables, pharmaceutical, home & personal care, and retail labels sectors, during the forecast period.

However, due to high cost of setting up a plant and need for continuous technological advancements and research & development, the organizations are exposed to potential risks and are restraining the growth of the pressure labels market. The major vendors in the pressure labels market include players such as Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), Constantia Flexibles (Austria), UPM (Finland), and 3M (U.S.). The other players in the market are Henkel AG & Co. KGaA (Germany), Mondi Group (South Africa), Coveris Holdings S.A. (U.S.), H.B Fuller (U.S.), and Torraspapel Adestor (Spain).