Food & beverages is playing a key role in the self-adhesive labels market
Posted by Robin White on February 12th, 2020
Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling, which compel people to rely on modern labeling techniques, are some of the factors driving the self-adhesive labels market growth. The growth of this market is propelled by the increase in urban population, demand from end-use industries, rise in consumer awareness, and growth of the e-commerce industry. In 2018, the food & beverages segment is projected to constitute a large share in the self-adhesive labels market; it is projected to grow at the second-highest rate during the forecast period due to growing demand for packaged and branded products, and consumer awareness about authenticity and other details of the product. The pharmaceuticals segment is projected to be the fastest-growing application, in terms of value, from 2018 to 2023. The growth in the pharmaceutical industry is a result of the significant role of self-adhesive labels in enhancing operational efficiency, security, and compliance.
About the AuthorRobin White
Joined: June 4th, 2019
Articles Posted: 126
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