Tags and Labels
Overview of the global specialty pressure sensitive tapes market
Market research analysts at Technavio predict that the global specialty pressure sensitive tapes market will grow steadily during the next four years and in terms of area will post a CAGR of more than 5% by 2021. This market research analysis identifies the increase in construction activities as one of the primary growth factors for this market. The construction industry uses specialty tapes for manufacturing doors and windows, plywood, carpet sealing tapes, and panel bonding. Additionally, these tapes are also used as a film or scratchproof coating for floor and roof tiles. The growing demand for public infrastructure in emerging countries such as the Brazil, Russia, India, China, and South Africa (BRICS) and Gulf Cooperation Council (GCC) countries will propel the growth prospects for the pressure sensitive tape market in the coming years. Additionally, the increasing investments from the governments of emerging countries such as China and India towards infrastructure development will also fuel market growth in the coming years.
This market research and analysis estimates that in terms of geographical regions, APAC will account for the major shares and dominate the market throughout the predicted period. The rise in demand from the construction, packaging, furniture, and leather industries will boost the market’s growth prospects in this region. Furthermore, the growth of the automotive industry in this region will also propel the demand for specialty tapes, in turn, aiding market growth.
Competitive landscape and key vendors
The market has the presence of different distribution channels such as wholesalers, distributors,
Overview of the global in-mold label market
One of the key factors contributing to the growth of the global in-mold label market is the automated nature of in-mold labelling process. In-mold labels minimize manual operations such as hand finishing, polishing, finishing, and changing of stack mold after every operation. In-mold labeling applications require only 30% skilled workforce to handle in-mold machines. Manufacturers in the market are focusing towards developing advanced technologies for making easy changeovers for stack molds. One of the latest developments in this market is the growing use of 3D in-mold labeling technology, which provides manufacturers with durable, high quality, single step labels that create a fully decorated resin part right in the mold. Technavio’s market research analyst predicts the global in-mold label market to grow at a low CAGR of around 1% during the forecast period.
As per this industry analysis, the market is anticipated to witness the integration of RFID in in-mold labels. RFID in-mold labels help to track and trace plastic containers during the entire duration of distribution and warehousing. RFID integrated in-mold labels can control relative humidity of around 60% compared to conventional in-mold labels. The RFID sensors present in in-mold labels are used for asset management and inventory control. Moreover, this integration will also eliminate the need for manual labor and will minimize human errors owing to the automated reading of barcodes.
Competitive landscape and key vendors
The global in-mold labels market is extremely fragmented and diverse in nature due to the presence of many vendors including international and local players. Intense competition
Overview of the synthetic paper market
Extensive research carried out by the market research analysts at Technavio has shown that the global synthetic paper market will witness fast-paced growth and will post an impressive CAGR of nearly 7% over the estimated period. A significant reduction in the cost of procuring raw materials is a major factor driving this market’s growth. Crude oil is a raw material used in the manufacture of synthetic paper, and as crude oil prices have reduced drastically since 2014, both consumers and vendors are anticipated to benefit immensely from this over the next four years. This is expected to lower the cost of production of synthetic paper significantly.
The increasing demand for printed synthetic paper is a recent trend propelling the growth prospects for this market. Printed synthetic paper is in high demand because of the growing need to differentiate products for easy identification and marketing purposes. Moreover, printed synthetic paper ensures efficient inventory and logistics management, better visibility of the product, and higher aesthetic value. Most of the demand for printed synthetic paper comes from the food and beverage and consumer durables industries as these products need to have an attractive appearance.
Competitive landscape and key vendors
The global synthetic paper market is highly competitive because of the presence of international vendors such as DuPont and well-established regional vendors like Yupo. The vendors compete on the basis of product portfolio, differentiation, and pricing. The majority of international vendors are increasing their market share by inorganic growth. Also, vendors are working on
Overview of the global glue applied label market
Extensive research carried out by market research analysts at Technavio has predicted that the global glue applied label market will grow at a moderate CAGR of more than 3% between 2016 and 2020. Glue applied labels have high demand from food and beverage products such as juices, energy drinks, and alcoholic beverages as these labels offer them tamper evident protection seal, which keeps these products from being opened. The increase in adoption of small-sized PET bottles from those of carbonated soft drinks (CSD) to cosmetics and toiletries will boost the growth of glue applied labels market in the coming years. The market is also witnessing new advances in technology and innovation as the end users are demanding labels that are easily readable and highly durable. Besides shrink sleeves, the vendors are coming up with complex films to label their products. For instance, Avery Dennison’s curvy film technology allows the label to be applied to extremely complex and curved container shapes.
The growing demand for esthetically-appealing products among consumers has propelled manufacturers of food and other consumer packaged products focus on convenient-to-use packages and also visually appealing labels for their products. Vendors are adding upscale enhancements such as embossing and thermo-chromatic inks, matte and soft-touch finishes, acid etch simulation, high-sheen metallic inks, and cold foil stamping to enhance the appearance of the packaged products. They are using expensive technologies, colors, ingredients, and other raw materials to develop premium packs. Manufacturers are also constantly
Global market analysis of sleeve labels
Technavio’s market research analyst predicts the global sleeve label market to grow at a CAGR of more than 5% by 2020. Sleeve labels offer several advantages to the packaging vendors as they are made of polyvinyl chloride (PVC), they reduce the need for colored containers and also provide innovative advertising prospects by offering 360-degree coverage to the packaged products. These labels deliver added branding space on a package, which can be used by brand owners to present the product’s features, functions, and benefits. The growing demand for SKU sized packs, sleeve labels in different varieties and colors, and different types of sleeve label for different products will influence the demand for sleeve labels in the market. Besides being cost-effective, these sleeve labels provide tamper evident protection seal, which makes them a preferred option among food vendors.
The increasing environmental concerns and the growing need to reduce pollution have propelled the use of recyclable materials in labeling, especially plastic, and the use of resins derived from renewable resources. This has pushed vendors to surge their investments in the development of eco-friendly sleeve labels and promoting environmental sustainability. For instance, Avery Dennison is launching recyclable and biodegradable sleeve label products in the market like polylactides (PLA) and polyethylene terephthalate (PET). These sleeve labels enable consumer product manufacturing companies to improve their brand image and reduce their carbon footprint. The increased demand for sustainability will propel manufacturers to innovate and introduce biodegradable products into the market over the next four years.
Competitive landscape and key vendors
The market is highly
Overview of the global pressure sensitive labels market
Technavio’s market research analyst predicts the global pressure sensitive labels market to grow at a CAGR of over 7% between 2016 and 2020. Pressure sensitive labels in product packaging act as sources of information on pack contents, assist in locating products through barcodes, tracking, tracing and authentication of devices and are also advantageous for promotion and decoration. Pressure sensitive labels are a valuable and easily accessible marketing tool that helps manufacturers to apply labels directly on products. The water-resistant surfaces of these printed labels makes them a preferred choice among beverage and wine companies as these labels do not react with water when stored in refrigerators, ice buckets, and coolers. The manufacturers are shifting towards the use of greener labels that are bio-degradable and compatible with plastic and glass materials and do not contaminate the recycling process. The growing implementation of stringent environmental regulations will boost the demand for eco-friendly pressure sensitive labels in the coming years.
One of the latest trends gaining momentum in the market is the implementation of two-dimensional barcode technology. Several end-users such as food and beverage and organized retailing are using pressure sensitive labels with two-dimensional (2D) and three-dimensional (3D) barcode technology. Barcodes as product identifiers are the most predominant track and trace technology. They play a crucial role in the supply chain management by securing and documenting a wide range of information that includes product location, batch number, and expiry
The tags and labels industry is a mix of conventional and advanced printing and labeling techniques. Technavio monitors the latest trends in the market and provides valuable input for key market participants. New technology and equipment are being made to counter the challenge of increasing counterfeit products and to improve traceability. Technavio provides a complete overview of the present and future market dynamics.
Technavio’s tags and labels portfolio covers the landscape of the market across different regions and its growth prospects in the coming years. The reports in this portfolio also include a discussion of the key vendors operating in this market.
Our research includes market reports on smart labels, in-mold labels, self-adhesive labels, radio-frequency identification (RFID) tags, and labeling and printing technologies.