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The linerless labels market size is forecast to increase by USD 1014.45 million between 2022 and 2027, accelerating at a CAGR of 8.91%. In 2017 China held the largest market share, projecting an annual revenue of USD 206.5 million .The report includes a comprehensive outlook on the Linerless Labels Market , offering forecasts for the industry segmented by Type, which comprises Water-based inks, UV-curable inks, Solvent-based inks, and Hot melt-based ink. Additionally, it categorizes Product Type into Food and beverages, Retail, Personal care, Pharmaceuticals, and Textiles and others and covers Geography regions, including APAC, Europe, North America, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD million) for each of the mentioned segments.
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One of the key factors driving the linerless labels market growth is the rising awareness of sustainability. There is an increasing preference among consumers for companies that are committed to positive social and environmental impact. As a result, it has become essential for companies to adopt strategies that minimize their carbon footprint.
Moreover, there is an increasing adoption of linerless labels as it does not have any liners which in turn is reducing the wastage of paper thereby preventing the cluttering of landfills. Furthermore, the transportation cost is significantly reduced due to the reduction in weight, thereby enabling a larger number of linerless labels to be transported in a single trip. Hence, such factors are expected to drive market growth during the forecast period.
The water-based inks segment is estimated to witness significant growth during the forecast period and was valued at USD 536.13 million in 2017. The water-based inks segment mainly comprises acrylic resins or hybrid polyurethane-acrylic resin mixtures. The main advantage of the water-based ink segment is that it penetrates more deeply than plastisol and always offers a softer print. Additionally, this segment is a more eco-friendly choice due to the absence of a base of plastic.
Additionally, there is an increasing adoption of the water-based ink segment among lineless label manufacturers as it is considered the most sustainable option for printing. The main advantage of this segment is that it removes any fire risks and enables businesses to place a higher priority on employee safety, as they are significantly less toxic and volatile than solvent-based inks. Therefore, less cost is associated with the maintenance of these equipment as well as the machinery needed to handle these inks. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that are significantly contributing to the growth of the global labels market in APAC is its increasing adoption across various sectors in the region including the retail, consumer durables, and food and beverage sectors. Some of the key countries which have a significant potential for growth in APAC include India and China. Factors such as the changes in lifestyle as well as food habits in the middle-class population in emerging economies are fuelling the demand for packaged food and beverages which is positively impacting the market.
Additionally, the increase in e-commerce platforms fuelled by the growing number of Internet and smartphone users, and the rising trend of online shopping is significantly contributing to the market growth as labeling is an essential aspect of the e-commerce industry, such that products need to be labeled properly during transportation. Hence, such factors are expected to drive market growth in APAC during the forecast period.
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The Linerless Labels Market is fragmented in nature. Some significant players include 3M Co and Avery Dennison Corp.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
General Data Co. Inc., Gipako UAB, Henkel AG and Co. KGaA, Hub Labels Inc., LINTEC Corp., Multi Color Corp., NAStar Inc., Nordvalls Etikett AB, Optimum Group, ProPrint Group, Ravenwood Packaging Ltd., Reflex Labels Ltd., RR Donnelley and Sons Co., SATO Corp., Skanem AS, Torraspapel S.A., CCL Industries Inc., and Coveris Management GmbH
The linerless labels market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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Linerless Labels Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.91% |
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Market growth 2023-2027 |
USD 1014.45 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.39 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Avery Dennison Corp., General Data Co. Inc., Gipako UAB, Henkel AG and Co. KGaA, Hub Labels Inc., LINTEC Corp., Multi Color Corp., NAStar Inc., Nordvalls Etikett AB, Optimum Group, ProPrint Group, Ravenwood Packaging Ltd., Reflex Labels Ltd., RR Donnelley and Sons Co., SATO Corp., Skanem AS, Torraspapel S.A., CCL Industries Inc., and Coveris Management GmbH |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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