Albany, NY -- (SBWIRE) -- 11/15/2017 -- The report on the global pressure sensitive labels market profiles various aspects of the market to deliver a comprehensive elaboration on the market to readers. The various factors affecting the global pressure sensitive labels market are assessed to deliver an accurate understanding of the various ways the growth trajectory of the pressure sensitive labels market is likely to be affected in the coming years. The report provides a detailed look at the segmentation of the global pressure sensitive labels market in order to provide readers with a clear idea of the hierarchy of the market and which segments are most likely to prosper in the coming years. The geographical dynamics of the global pressure sensitive labels market are also studied in the report, along with information on how the growth of major segments is likely to affect the growth potential of the global pressure sensitive labels market in the coming years.
According to Transparency Market Research, the global pressure sensitive labels market was valued at US$86.8 bn in 2017 and is expected to rise to a value of more than US$112 bn by 2022. The market is thus likely to exhibit a steady 5.2% CAGR in the 2017-2022 forecast period.
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The global pressure sensitive labels market is highly dependent on the dynamics of its end use industries, as the dynamic working conditions in several leading end use applications of the pressure sensitive labels market can lead to changes in demand patterns. The report studies the various factors likely to affect the growth trajectory of the global pressure sensitive labels market in the coming years and delivers a comprehensive assessment of which factors are expected to have a lasting impact on the market's growth.
The logistics and transportation industry is likely to play a key role in the growth of the pressure sensitive labels market in the coming years due to its growing commercial scope. The pressure sensitive labels industry has benefited from the advantages pressure sensitive labels provide at relatively cheap prices, making its steady growth likely in the coming years. The growing amount of effort from pressure sensitive labels industry players to make the labels more environmentally viable is also likely to aid the growth prospects of the pressure sensitive labels market in the coming years.
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Paper is likely to remain the material of choice for the global pressure sensitive labels industry in the coming years. The paper pressure sensitive labels market accounted for more than US$37 bn in 2017, taking up 42.7% of the global market, and is likely to rise to US$46.7 bn by 2022 at a solid CAGR of 4.7%. The convenience and environmental viability of paper in the production of pressure sensitive labels is likely to remain vital for the pressure sensitive labels market in the coming years.
Geographically, Asia Pacific except Japan is expected to dominate the global pressure sensitive labels market, with a revenue valuation of around US$35 bn allowing the region to account for 33.5% of the global pressure sensitive labels market in 2017. The Asia Pacific except Japan market for pressure sensitive labels is likely to further increase its presence in the global market figures in the coming years thanks to the steady growth prospects of the transportation, logistics, retail, and consumer electronics industry in countries such as China, India, Taiwan, and South Korea.
Global Pressure Sensitive Labels Market: Competitive Dynamics
Leading companies in the global pressure sensitive labels market include Avery Dennison Corporation, Henkel, CCL Label Inc., Lintec, Constantia Flexibles Group GmbH, Coveris Holdings SA, 3M, Inland Labels, Fuji Seal International, Inc., and UPM-Raflatac.
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