Research Nester released a report titled “Self-Laminating Tags Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global self-laminating tags market in terms of market segmentation by type, by size, by application, by product type 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.
Self-laminating tags are labels which include a protective thin layer to self-seal the tags. They do not require any additional lamination and thus save both time and money for the users. The market for self-laminating tags is anticipated to grow on account of a growing demand for these tags in the upcoming years.
The self-laminating tags market is estimated to witness a significantly high CAGR during the forecast period, i.e., 2019-2027 and attain a substantial market size by the end of 2027. On the basis of application, the market is divided into shipping & transportation, stockyards, construction, art accessories & decoration and chemicals, out of which, the chemicals segment is estimated to hold highest shares on account of growing requirement for the labeling of chemicals and reagents in order to properly distinguish them.
Self-laminating tags market in North America is anticipated to hold the largest market share on account of presence of major companies for this market in the region. The increasing demand for this product for the purpose of shipping and storage along with growing transportation and chemical industries are some of the significant factors that are estimated to drive the growth of the market. The market in Asia-Pacific region is estimated to grow on the back of rising export and import activities in this region during the forecast period.
Easy And Convenient Usage Of Self-Laminating Tags To Boost The Market Growth
The expansion of this market can be attributed to the wide range of applications of the tags in various sectors including the transportation, construction and chemical industries. These tags are highly convenient and easier to use as compared to custom tags. They provide protection from the harsh external surroundings with the help of the thin lamination layer.
Crossing The Barriers Hampering The Growth Of Self-Laminating Tags Market
The major restraint behind the growth of this market is the environmental hazards created by the tags as the material used for production of these tags is non-biodegradable, thereby causing negative impacts on the surroundings. Usage of eco-friendly tags which are not made up of plastics is estimated to facilitate the growth of self-laminating tags market.
This report also provides the existing competitive scenario of some of the key players of the global self-laminating tags market which includes company profiling of Avery Dennison, Stranco, Universal Tag Inc., LEM Products Inc., Badger Tag & Label Corporation, Brady. 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 self-laminating tags 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.