Label sales follow manufacturing activity

Because labels are used mainly in primary packaging applications, label demand tends to track trends in manufacturing activity and is especially responsive to trends in certain nondurable goods segments, including food and beverage processing.

Asia/Pacific to Lead Growth & Remain Largest Regional Market

The largest regional label markets are where there is the most manufacturing activity, including North America, Western Europe, and the industrialized portions of the Asia/Pacific region. North America and Western Europe are relatively mature markets and are expected to register modest growth through.

In contrast, the Asia/Pacific region is projected to exhibit the fastest growth among regional markets, even as the massive Chinese market’s growth slows demonstrably as its economy begins to decelerate somewhat. Manufacturing activity is also expected to grow rapidly in the Africa/Mideast region, leading to above average growth for label demand, although this will remain a comparatively small regional market.

Pressure Sensitive Labels to Increase Market Share

Pressure sensitive labels have become the most common label format, although glue-applied labels still have a significant presence in several applications, including beverage packaging. Niche products such as in-mold labels will register strong growth through 2020, but will continue to account for a relatively small share of global demand.

Pharmaceutical Market to Offer Strong Growth Opportunites

While smaller than the food and beverage markets, the pharmaceutical market labels will exhibit the fastest growth among major markets. Increased drug production will be the primary factor driving growth. Trends favoring the use of smaller-sized medication containers will also increase the number of labels required by pharmaceutical manufacturers. Additionally, pharmaceutical label demand will benefit from intensified efforts to combat drug counterfeiting and diversion.

Study Coverage

This study presents historical demand data (2005, 2010 and 2015) and forecasts (2020 and 2025) by application method (pressure sensitive, glue-applied, and other including sleeves and in-mold labels), backing material (paper, and plastic and other including foils), and market (food, beverages, chemicals, pharmaceuticals, durable goods, and others -- including office and consumer). The study also evaluates company market share and industry competitors including Avery Dennison, CCL Industries, Constantia Flexibles, Fuji Seal International, LINTEC, Multi-Color, and UPM Raflatac.

Published:  January 2017

Format:  PDF emailed by publisher

Number of Pages:  291

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The Freedonia Group, Inc. is a leading international industry market research company that provides information and analysis needed to make informed strategic decisions for your business. Freedonia’s industry market research on Packaging covers a broad range of packaging materials (e.g., paper, plastic, metal) and applications (e.g., protective packaging, food containers). In each case various factors affecting demand are considered such as renewability, life style, distribution, end use product demand and other related issues. All studies include market size, forecasts, product and market segmentations, related economic indicator and regulatory analysis, market share estimates, a discussion of industry structure, and profiles of the leading companies.