Growth in Global Manufacturing Output to Drive the Global Linerless Labels Market Through 2020, Says Technavio
By Business Wire News
By Business Wire News
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.
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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
- Personal care
- Consumer durables
- Logistics and transportation
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:
- Constantia Flexibles
- R.R. Donnelley
- SATO America
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