Global Reclosure Labels Market 2023-2030

Global Reclosure Labels Market 2023-2030

Global Reclosure Labels Market Size, Share & Trends Analysis Report by Material (Paper, Film, and Plastic), and by End-User Industry (Medical and Pharmaceuticals, Food and Beverages, Cosmetics and Personal Care, and Others) Forecast Period (2023-2030)

The global reclosure labels market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The market growth is attributed to factors such as growing demand for food safety, innovations in temporary adhesive and labeling technology, growing demand for easy-to-use/convenience packaging solutions, and growing demand for sustainable packaging among others. Reclosure labels provide convenience and functionality in various consumer products such as food and beverages, cosmetics, personal care, and medical and pharmaceuticals by allowing consumers to open and close the packaging repeatedly. Reclosure labels are also used in packaging to keep products fresh after limiting their exposure to the elements, especially food products.

Segmental Outlook

The global Reclosure labels market is segmented based on the Based-on material and end-user industry. Based on material, the market is sub-segmented into paper-based reclosure labels, film-based reclosure labels, and plastic-based reclosure labels. Based on the end-user industry, the market is sub-segmented into medical and pharmaceuticals, food and beverages, cosmetics and personal care, and other industries. The cosmetics and personal care industry is expected to hold a prominent share of the global reclosure labels market.

The Food and Beverages Industry is Anticipated to Hold a Prominent Share in the Global Reclosure Labels Industry

The reclosure labels are used in multiple food and beverage products such as refrigerated foods, baby food pouches, frozen foods, and snack packaging among others. Using reclosure labels in food and beverage products helps to maintain the freshness of the product which helps to extend shelf life and reduce food wastage. Also, using reclosure labels helps to reduce packaging waste and enhance user experience. Also, the global food and beverages industry is growing significantly owing to factors such as a growing population, increasing disposable income, changing consumer preferences, and growing e-commerce sectors among others. The growing food and beverages industry will also help to grow the global reclosure labels industry.

Regional Outlook

The Reclosure labels market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America holds a prominent share in the global reclosure labeling market owing to factors such as growing demand for convenience packaging, changing government regulations, growth of domestic fast-moving consumer goods and pharmaceutical industry, and advancements in labeling technology. According to the 2022 report of the European Federation of Pharmaceutical Industries and Associations, in 2021 North America accounted for 49.1% of world pharmaceutical sales. According to the International Trade Administration, in 2021, Canada’s food and alcoholic beverage retail sales reached US$112 billion and is the second largest sector in the country.

Asia-Pacific is Expected to Hold a Prominent Share in the Reclosure Labels Market

The Asia-Pacific region is expected to hold a prominent share in the global reclosure labels market. The growing regional government support to grow the regional pharmaceutical manufacturing market. For instance, in India, Foreign direct investment (FDI) is allowed up to 100% through an automatic route for new pharmaceutical projects (greenfield). For existing pharmaceutical projects (brownfield), FDI is allowed up to 74% through an automatic route and above that through government approval. growing population and disposable income, growing regional food and beverages industry, significant presence of the domestic pharmaceutical industry, and changing consumer preferences will help in growth of the regional reclosure labels market.

Market Players Outlook

The major companies serving the global reclosure labels market include Avery Dennison Corp., UPM Global, CCL Industries Inc., Transcontinental Inc., and R.R. Donnelley & Sons Company, among others. The market players are considerably contributing to the market growth by expanding reclosure label applications into multiple sectors. For instance, in April 2021, Avery Dennison announced its filmic reclosure solutions for disinfectant wipes with 75% alcohol.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global reclosure labels market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for solid growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.