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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The food & beverage industry is estimated to play a key role in the antimicrobial packaging market

MarketsandMarkets projects that the global antimicrobial packaging market size will grow from USD 7.28 billion in 2015 to USD 10.00 billion by 2021, at a CAGR of 5.54%. Antimicrobial packaging solutions are used in food & beverages, healthcare, personal care, consumer durables, and agricultural goods industries. Food & beverages leads the market with the highest CAGR. The reason this segment leads the market is because food & beverage products are perishable and have a very less shelf life. Apart from this, consumers are also concerned about their health and the hazards that food contamination can have on them. Thus, as antimicrobial packaging solutions have properties that improve the shelf life of the products without compromising on quality standards, it has become the most sort-after packaging solution for food & beverage products.

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The controlled release packaging technology is projected to grow the fastest during the forecast period.

There are two types of antimicrobial packaging technologies, namely, controlled release packaging and active packaging. Out of this, the controlled release packaging technology segment is projected to be the fastest-growing technology from 2016 to 2021. Controlled release packaging utilizes packaging as a delivery vehicle to efficiently bring the actives in specifically controlled rates over prolonged periods to the product to further improve its quality and safety.

Pouches as a pack type is projected to grow at the fastest rate from 2016 to 2021

The pack type segment has various types such as pouches, bags, trays, carton packages, cups & lids, cans, and blister packs. The pouches market is projected to witness the highest growth rate during the forecast period as they can be used for various applications. They can efficiently be used by the food & beverages, personal care, healthcare, and other application industries to package their products.

Bacteriocins as an antimicrobial agent is expected to grow at the fastest rate from 2016 to 2021

There are various types of antimicrobial agents that are widely used such as organic acids, bacteriocins, enzymes, essential oils, metal ions & oxidizers, gas, fungicides, natural extracts, and antibiotics. Bacteriocins is projected to lead the market with the highest growth rate as they have been considered to have very good antimicrobial characteristics.

Asia-Pacific region is expected to grow at the fastest rate from 2016 to 2021

The global markets are projected to witness high growth based on the growing demand from end-user industries such as food & beverage. This growth would be driven by the Asia-Pacific markets which would witness the highest growth during the forecast period. High growth potential in the emerging markets of Asia-Pacific such as China and India is expected to provide new growth opportunities to players in the antimicrobial packaging market. In 2015, Asia-Pacific accounted for the largest share in the global antimicrobial packaging market, by volume, with China being the fastest-growing market in this region. This was followed by North America, Europe, and Rest of the World.

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