Linerless Labels Market Size,Demand, Forecast 2032
According to research study by Fortune Business Insights™ The global linerless labels market share is set to gain momentum from their rising demand from the packaging & labeling industry. It is mainly occurring as the concerns regarding liner waste are upsurging. This information is published by Fortune Business Insights™ The report further mentions that the linerless labels market size was USD 2.33 billion in 2019 and is projected to reach USD 3.43 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period.
Source: https://www.fortunebusinessinsights.com/linerless-labels-market-102778
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This Report Answers the Following Questions:
- What are the strategies adopted by key companies to increase sales?
- Which region is expected to lead the market by generating the largest revenue?
- Which segment would dominate the market by gaining the maximum share?
- What are the growth drivers and obstacles that the market may come across in the coming years?
- What are the challenges and opportunities in the market?
Drivers & Restraints-
Rising Usage of Attractive & Food-safe Labels to Spur Growth
Brand recognition plays a vital role when it comes to the sales of food products worldwide. Labeling is a significant part of branding. The utilization of food-safe and attractive labels helps the food and beverage industry to grow. In the Latin American and Asian countries, namely, Brazil, Japan, and Southeast Asia, food products, such as fruits, bacon, and ham are packed with linerfree labels. Also, several ruling bodies have put forward strict norms and regulations regarding the information that is to be printed on the labels of food products.
Segment-
Food & Beverage Segment to Hold Largest Share Backed by the High Demand for Linerless Labels
Based on application, the market is segregated into logistics, retail, pharmaceutical & personal care, food & beverage, and others. Amongst these, the retail segment held 16.9% linerfree labels market share in 2019.
