Global Linerless Label Market was valued at USD 1.6 billion in 2019 which is expected to reach USD 2.5 billion by 2027 at a CAGR 4.5%.
Linerless labels are pressure sensitive which do not have a release liner. Linerless labels are used for packaging purpose. These labels and packaging provides right information about the product. Additionally, linerless label packaging includes anti-counterfeiting properties accompanied with tracking and tracing technologies.
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Increase in demand for packed food and beverage is the key driving factor for global linerless label market growth. Also, increase in demand foe eco-friendly, versatile, and biodegradable labels will have the positive impact on global linerless label market growth. Furthermore, growing demand for linerless label in various sector like pharmaceuticals, and home & consumer labels will fuel the growth of global linerless label market during this forecast period. Moreover, rise in preference of linerless labels in logistic application like transportation and shipping is expected to drive the global linerless label market growth.
However, stringent rules and regulations and raw material price fluctuations are the challenging factors for market which are expected to hamper the growth of global linerless label market.
Impact of COVID 19 on Market
The Covid 19 Pandemic impacted overall activities across the world leading to lockdown in major economies. Due to rise in confirmed COVID 19 cases and increase in number of deaths many manufacturing companies stopped their production to avoid COVID 19 which is expected to slowdown the global linerless label market growth.
The manufacturing industry too is undergoing immense transformation. A big credit for this definitely goes to the technological advancements, which is not limited only to software. The use of drones has become commonplace with construction companies. Aerial photography and drones are helpful to get video and photographs of the landscape. These are increasing safety surrounding the job site along with adding more information to the survey data.
Global Linerless Label Market is segmented into Composition such as Adhesive, Topcoat, and Facestock, by printing ink such as Water-Based Ink, Solvent-Based Ink, UV-curable Based Ink, and Hot-melt Ink, by printing technology such as Flexographic Printing, Digital Printing, Gravure Printing, Screen Printing, Offset Printing, Letterpress Printing, and Lethography Printing,. Further, Global Linerless Label Market is segmented into application such as Consumer Durables, Pharmaceuticals, Home & Personal Care, Retail Labels, and Others.
Also, Global Linerless Label Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as GIPAKO, HUB LABELS, INC., SKANEM SA, SATO HOLDINGS CORPORATION, COVERIS HOLDINGS S.A, MULTI-COLOR CORPORATION, AVERY DENNISON CORPORATION, R.R DONNELLEY & SONS COMPANY, CCL INDUSTRIES INC., and 3M COMPANY.
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