Linerless Labels Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Linerless Labels Market
The linerless labels market size was valued at USD 2.33 billion in 2019, and the market is now projected to grow from USD 2.33 billion in 2019 to USD 4.42 billion by 2032, exhibiting a CAGR of 5.12% during the forecast period of 2019-2032.
E-commerce, ordinarily in developed economies, is hastily increasing in rising markets like China and India. This boom necessitates a tracking system for goods to make certain their shipping. Packages are marked with labels with codes and descriptions of the consignor and consignee. By 2025, around 2 hundred billion parcels will be transferred thru e-trade, increasing the call for labels. Traditional labels generate waste and additional costs for logistics carrier vendors. As a result, e-trade organizations are adopting backingless labels for packaging labels, paving the linerless labels market growth.
Linerless labels provide a greater sustainable opportunity to strain-touchy labels because of the absence of backing liners. However, they first of all required strong adhesives to save you sticking. Market players like RR Donnelley, Ravenwood Packaging, and Skanem are growing specialized adhesives and release coatings to deal with this trouble. This has enabled liner-unfastened labels for distinctiveness packages like frozen meals, microwavable merchandise, and pharmaceutical packaging. Repositionable labels are also gaining reputation because of their reuse potential.
Comprehensive Analysis of Linerless Labels Market
The label market is divided into permanent, removable, repositionable, and others based on adhesion type. Permanent labels are primarily used for packaging and branding and are discarded after consumption. With increasing global concerns about waste and pollution, companies are seeking reusable labels for new products. The permanent segment currently holds the largest volume share due to heavy demand from logistics and retail sectors. The printing technology segment includes direct thermal, thermal transfer, laser, and inkjet. Direct thermal printing is widely used in logistics and retail due to its low cost and single-colored ink usage. Laser printing is expected to gain significant market share due to its ability to produce colourful and attractive labels at affordable prices. The food and beverage segment is expected to hold the largest share due to the need for labels to differentiate products from competitors and the demand for clean label products. The logistics segment is expected to experience significant growth due to increasing consumer spending capacity and e-commerce platforms.
The Asia Pacific region lead the linerless labels market share by benefitting a market size of USD 892.5 million in 2019 due to to the region's rapid e-commerce growth and the growth of fast-moving consumer goods (FMCG) manufacturers, who are focusing on brand growth to establish their position in the packaging industry, including linerless labels.
The linerless labels market is a semi-consolidated area with the pinnacle 10 businesses dominating. Key gamers make investments heavily in research and improvement, which include developing unusual labels, improving adhesives, and growing novel launch coatings. Key companies within the marketplace include Coveris, Avery Dennison Corporation, Ravenwood Packaging, Innovation Films, Continental Flexibles, Lexit Group_AS, RR Donnelley and Sons Company, Gipako CIAB, and Hub Labels.
Bostik brought a brand new adhesive in January 2020, enhancing label production line efficiencies and imparting a sustainable packaging solution for QSR packages.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
SegmentationBy Adhesion Type
Permanent
Removable
Repositionable
Others
By Printing Technologies
Direct Thermal
Thermal Transfer
Laser
Inkjet
Others
By Application
Food & Beverage
Pharmaceutical & Personal Care
Retail
Logistics
Others
By Component
Facestock
Adhesive
Release Coating
By Region
North America (U.S., and Canada)
Europe (Germany, UK, France, Spain, Italy, Benelux, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Southeast Asia, Australia & New Zealand, and Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, and Rest of South America)
Middle East & Africa (South Africa, GCC, Northern Africa, and Rest of Middle East & Africa)
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