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Growth in Global Manufacturing Output to Drive the Global Linerless Labels Market Through 2020, Says Technavio

June 27, 2016 | By Business Wire News

LONDON

According to the latest market study released by Technavio, the global linerless labels market is expected to reach 2.5 billion during the forecast period.

This research report titled ‘Global Linerless Labels Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Request sample report: http://goo.gl/MM6mSt

The report categorizes the global linerless labels market into seven major end-user segments, of which the top three are discussed in detail below. They are:

  • Food and beverages
  • Retail
  • Personal care
  • Consumer durables
  • Pharmaceuticals
  • Logistics and transportation
  • Data

Global linerless labels market by food and beverages

The global linerless labels market by food and beverages is expected to reach USD 778 million by 2020. The global food packaging market is expected to grow at a rapid rate, owing to the increased demand for packaged food. The global packaged food market will reach around USD 3 trillion by 2020. With economic conditions improving in many developed countries and consumers’ disposable income increasing in developing countries such as China, India, and Saudi Arabia, the demand for packaged food and processed food has been increasing. APAC, being the fastest growing market holds 33% share of the global packaged food and beverages market.

According to Sharan Raj, a lead analyst at Technavio for tags and labels research, “Food and processed food manufacturing companies are demanding an increased number of packaging products and solutions with unique designs that meet their increased production requirements and help create product differentiation and enable them to stay ahead of their competitors.” These criteria can be met by linerless labels, as vendors can use maximum space in the label to give innovative designs and all the specifications regarding the product.

Global linerless labels market by retail

The global linerless labels market by retail is expected to reach USD 403 million by 2020. The market is growing with an increased demand for private label products. Private label products are those products that are owned by the retailers themselves rather than manufacturers. These products are found in all food and beverage categories, mostly in the fresh produce segment where they are either repackaged or produced in-store to offer a variety of products. Generic products account for 30% of total private label sales.

National brand products are 20%-25% costlier than private label products because they include other costs of warehousing, distribution, and material handling. Private label products are free from most logistics costs as a result of which retailers can offer the products at a lower price/discounted price to their customers while still making higher profit margins. In addition, retail products do not require advertising and marketing campaign to promote their products, which allow huge cost saving for private label companies. These factors have increased the demand for retail labels, which in turn is fueling the demand for linerless labels.

Global linerless labels market by personal care

The global linerless labels market by personal care will reach USD 365 million by 2020. The global personal care industry, is expected to reach around USD 630 billion by 2017. The growing focus on packaging as an important tool for brand differentiation has resulted in the demand for innovative designs and colors. Increasing demand for cosmetics directly affects the demand for packaging and labeling, thereby influencing the growth of the linerless label market.

Most packaging designs such as tubes, airless pump sprays, and pump closures provide convenience in both consumption and disposal of the products. Their easy application format ensures less wastage. Therefore, such packaging formats are increasingly produced to meet the consumers’ demand for product information, convenience and portability. “Most packaging designs use linerless labels as they have ample space to provide detailed descriptions of the products, which is expected to fuel the growth of the total market during the forecast period,” says Sharan.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • 3M
  • Constantia Flexibles
  • Coveris
  • R.R. Donnelley
  • SATO America

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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