Research Nester released a report titled “Repositionable Labels Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global repositionable labels market in terms of market segmentation by material, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for repositionable labels is anticipated to witness a significant CAGR during the forecast period, i.e., 2019-2027. This growth can be attributed to the increasing demand for labels that can be removed and applied multiple times which is required in order to increase precision and ensure the correct placement of labels. Repositionable labels do not stick to the product permanently. Instead, they can be removed as and when required, thereby increasing the demand and supporting the growth of the market.
The market is segmented on the basis of end user into food & beverage, chemicals, healthcare, electrical & electronics and others, out of which, the food & beverage segment is anticipated to grow at the highest rate during the forecast period. This can be attributed to the growing food industry and increasing use of labels among this sector. The food & beverage industry is estimated to generate a revenue of more than USD 79,700 million in 2019 which is further projected to grow during the forecast period. This is anticipated to create a higher demand for repositionable labels and significantly drive the market growth.
On the basis of region, the repositionable labels market in Asia-Pacific region estimated to grow at a substantial rate during the forecast period on the back of increasing industrialization and rising demand for labels among various end users in the region. The market in North America is anticipated to hold highest share in the repositionable market on account of developed industries present in the region and the escalating utilization of repositionable labels among them.
Wide-Range Applications Of Repositionable Labels To Boost The Market Growth
The ability of repositionable labels to be reused and transposed is highly desirable among numerous industrial sectors as these labels are not permanent and hence do not ruin the products during their removal. They can be used on a wide variety of products including those with dry and wet surfaces as well as painted and metallic products. These are some of the notable factors that are anticipated to drive the growth of market in upcoming years.
However, the high demand for permanent labels over reusable labels in various industries might hamper the growth of the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global repositionable labels market which includes company profiling of StickerYou, Consolidated Label, Avery Dennison Corporation (AVY), LINTEC Corporation (TYO: 7966), Alcop Labels, Huhtamaki Group (HUH1V), Brady (BRC), Lecta Adestor, Bostik and Electronic Imaging Materials Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global repositionable labels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.