Pune, India -- (SBWIRE) -- 05/17/2018 -- Market Scenario
The growing transportation and logistics industries are the key drivers of Pressure Sensitive labels market. With the growth of e-commerce industries, there is an increased need for warehousing solution. The need for product authentication, tamper evidence and security features have stimulated the market for pressure sensitive labels. Furthermore the increased application across the sectors such as food & beverages, pharmaceuticals and automotive has fueled the market for Pressure Sensitive labels used in packaging.
Key Players
The key players of global pressure sensitive labels market report include- Constantia Flexibles Group GmbH, Henkel AG & Co. KGaA, Avery Dennison Corporation, CCL Industries Inc., Technicote Inc., Lintec Corporation, 3M, NSD International, UPM Raflatac, Inland Label and Marketing Services LLC, NAStar Inc., and Reflex Labels Ltd.
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Global Pressure Sensitive Labels Market - Competitive Analysis
The market is characterized by the presence of many large players. Pressure sensitive labels appears to be highly competitive. International players who are increasingly expanding their presence in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.
In 2017, Constantia Flexibles has signed an agreement to sell its Labels division to Multi-Color Corporation ("Multi-Color") for an enterprise value of approximately €1.15 billion ($1.3 billion). The transaction is expected to be completed in the fourth quarter of 2017, subject to regulatory approvals. The majority of the transaction is payable in cash, while Constantia Flexibles will also receive Multi-Color stock. On completion of the transaction, Constantia Flexibles will hold 16.6% of Multi-Color's outstanding shares, thereby becoming its largest shareholder.Two representatives of Constantia Flexibles will join Multi-Color's Board of Directors.
The company has also invested in new printing technology at its manufacturing site in Louvain, Belgium, for the pharmaceutical packaging industry. A new 4 color UV flexo press will start full production in the second quarter of 2017, supporting customers with small- to medium-sized batches. At the same time, the new technology lowers solvent emissions significantly, increases print capacity and can cater for new product areas.
In Jan 2017, Displaydata Announced availability of new Aura29F Electronic Shelf Labels (ESLs) For Grocery Store Freezers. Displaydata, announced the immediate availability of the Aura29F ESL, a new addition to the Displaydata suite of ESL products, designed and optimized for use in the frozen sections of retail stores. The new Aura29F offers the same features as the existing Aura range, with the added benefit of operating in the temperature range used in retail store freezers of between -13°F and 32°F. Displaydata also announced the availability of the Guard42, which protects its Aura42 and Chroma42 ESLs from moisture and other elements typically found in delicatessen, fish and meat counters of retail stores.
In 2017, Henkel extended its offering for digital printing with Loctite Liofol LA 2760 / 5028. This two-component solvent-based polyurethane adhesive system is optimized for retort pouches and withstands sterilization, boiling as well as pasteurization. The company claims it is the perfect fit for HP Indigo's Pack Ready coating solution: With the chemical crosslinking of the ink and primer, the processing properties and packaging characteristics are greatly improved. This combination makes high performance in digital printing possible for additional food package types, particularly for retort pouches from PET, AI, OPA and CPP laminates. Further, Loctite Liofol LA 2760 / 5028 shows a very fast decay of primary aromatic amines (PAA), further improving the packaging's food safety properties.
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Segments
Global Pressure Sensitive labels market is segmented on the basis of Compositions, Technology, Application and Region. On the basis of compositions it is segmented as top coat, face stock, adhesive, and liner. On the basis of technology it is segmented as water based, solvent based, radiation, hot melt, and others. On the basis of application it is segmented as food & beverages, pharmaceuticals, automotive, and others. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.
Segmentation By Composition : Comprises – Top coat, Face stock, Adhesive, and Liner
Segmentation By Technology : Comprises – Water based, Solvent based, Radiation, Hot Melt, and others
Segmentation By Application : Comprises – Food & beverages, Pharmaceuticals, Automotive, and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Pressure Sensitive Labels Market - Regional Analysis
Asia-Pacific is expected to show high demand growth for pressure sensitive labels over the coming years, owing to rising disposable incomes and the booming ecommerce industry. The pressure sensitive labels market in developing countries such as China and India are estimated to grow at a high rate in the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with increase in online shopping, increased investment by packaging industries, and rapid urbanization.
China accounts for the largest market in Asia Pacific. China dominates with its electronics and appliance industry. Domestic manufacturers are accounting for the increase in share of consumer electronics due to growing brand reputation and improved technology. Factors such as rising increase in disposable income, urbanization are some of the major factors driving the demand for Pressure Sensitive Labels solutions in the packaging.
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