New York, NY -- (SBWIRE) -- 09/12/2017 -- Surge in modern retail formats that sell wide range of products in relatively large quantities has led to an upsurge in demand for labels that are self-adhesive globally. Increasing need to differentiate various products will further contribute towards growth of the global market for self-adhesive labels in the forthcoming years.

Emergence of retail sector in various developing countries has led to an upsurge in demand for labels that are self-adhesive in large quantities. Increasing need for high quality food products will further rev up demand for labels that are self-adhesive globally.

Further, as there are various products available in a retail store, there is an increasing need witnessed to differentiate them. This will further increase demand for labels that are self-adhesive across various industries including food and beverages. Such factors will impact growth of the global market for self-adhesive labels significantly during the projected period.

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Manufacturers operating in various domains are likely to prefer choosing labels that are self-adhesive for packaging range of products as compared to the other labelling techniques. Moreover, attributed to stronger adhesion of permanent labels that are self-adhesive, the labels that are self-adhesive will witness a significant demand among manufacturers across various domains.

Increasing need to include braille labels in the pharmaceutical packages will further contribute towards growth of the global market by the end of 2024. Such factors are likely to impact growth of the global self-adhesive labels market positively during the projected period.

The self-adhesive labels are increasingly replacing labels based on the application of glue. Self-adhesive labels need no application of glue manually, which eliminates the additional cost due to manual process. Moreover, the self-adhesive labels are likely to witness application of the labels automatically at a relatively fast speed. Such factors will contribute towards growth of the global self-adhesive labels market through 2024.

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Permanent labels that are self-adhesive among other types of products will remain a leading segment in the global market for labels that are self-adhesive market. Moreover, the permanent labels that are self-adhesive is likely to account for over three-fourth of the market revenues globally. The permanent labels that are self-adhesive will witness significant demand in various industries including pharmaceutical for labelling various medical products.

Plastic among other labelling materials will represent revenue share of 50.6% globally by the end of 2024. Food and beverages among other types of end users will represent a major end user of labels that are self-adhesive. In terms of revenue, this segment will reflect a CAGR growth of 5.5% during the projected period.

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APAC is likely to represent major market in the global market for self-adhesive labels throughout 2024. The market for self-adhesive labels in this region will represent a revenue share of around 40% through 2024. Europe, and North America will collectively represent half of the revenue share in the global market for self-adhesive labels market.

Major manufacturers in the global self-adhesive labels market include CCL Industries, Lintec Corporation, Avery Dennison Corporation, Symbio, Inc., UPM-Raflatac, Fuji Seal International, Inc., and PMC Label.

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