Linerless Labels Market - Global Industry Analysis, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 08/15/2018 -- The ever-evolving features in packaging of products and labels not only reflects the brand of the manufacturer but also differentiate their product packaging, offering consumers with the right information about the product. Additionally, labels not only comprises anti-counterfeiting properties but also tracing and tracking technologies in order to help manufacturers keep their track of internal processing and packaging , incoming ingredients and outgoing shipments to traders.
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Increasing demand for consumer goods and rising flexible packaging industry offers a million dollar opportunity for the global linerless labels market to grow in the near future. Futhermore, the impressive growth of food and beverage packaging products coupled with increasing demand in logistics and consumer durables has led the manufacturers to increase the demand of global linerless labels market.
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Various environmental issues in terms of printing on labels and increasing raw materials cost are some factors that hinder the growth of the global linerless labels market. Lack of awareness about types of labelling technologies are a key limitation in the linerless labels market.
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In terms of geography, the global linerless labels market has been divided into five regions including North- America, Asia- Pacific and Middle-East & Africa, Latin America and Europe. Asia-Pacific is expected to attain the largest market share in the global linerless labels market owing to increasing population and consistent economic growth.
Europe and North-America are other key markets expected to witness steady growth during the forecast period. Unlike Asia Pacific, where companies have the opportunity to expand and gain market footprint; these companies are trying to strategically maintain their market share in developed region.