Pressure labels are adhesive tapes or films that are used to provide product identification and packaging information. They are used across various industries such as food & beverages, pharmaceuticals, home & personal care, and others. Pressure labels offer advantages like durability, resistance to moisture and chemicals, and ability to withstand extreme temperatures. They also allow for variable data printing and easy application and removal without damaging the product surface.
The global Pressure Labels Market is estimated to be valued at US$ 47.88 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Innovative Product Design - One of the key trends spurring growth in the pressure labels market is the increasing demand for innovative product designs. Manufacturers are focusing on developing pressure labels that can withstand wider temperature ranges, offer durability for longer shelf-life of products, and allow for variable data printing. They are also coming up with new adhesives and materials to make labels suitable for different surfaces. Such advances are expanding the applications of pressure labels across industries. The growing need for superior performance and innovation from labels is propelling the market forward over the forecast period.
Segment Analysis
The pressure labels market can be segmented into face stock materials, adhesive types, and end-use industries. Among face stock materials, paper dominated the global market in 2021 with over 50% market share owing to its wide availability and cost-effectiveness. However, the plastic segment is expected to witness faster growth during the forecast period due to rising plastic consumption in flexible packaging.
Key Takeaways
The Global Pressure Labels Market Share is expected to witness high growth over the forecast period driven by expanding flexible packaging industry. The global Pressure Labels Market is estimated to be valued at US$ 47.88 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.
North America dominated the global pressure labels market in 2021 and accounted for over 30% of the overall revenue. This is attributed to robust demand from food & beverage and pharmaceutical industries in the US and Canada. Asia Pacific is projected to be the fastest growing regional market from 2024 to 2031 owing to rapid industrialization and rising consumer goods sales in China, India, Indonesia, and Vietnam.
Key players
Key players operating in the pressure labels market are 3M, Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health, F. Hoffmann-La Roche Ltd., GE Healthcare, Gentiva Health Services, Inc., Invacare Corporation, Johnson & Johnson Services, Inc., The Linde Group, Medtronic, Inc., Omron Healthcare, Inc., AdaptHealth, Current Health, Baxter International Inc., Optum (United Healthcare), Outset Medical, and Regeneron Pharmaceuticals, Inc.
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https://www.pressreleasebulletin.com/pressure-labels-market-size-share-growth-outlook-2023/
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