Vantage Market Research | 21 May 2022
Consumer Goods and Packaging
Linerless Labels Market to Reach Valuation of USD 2,122 Million by 2028 - Increasing Demand for Linerless Labels Market for packed food and beverages to Drive the Market Growth
From the period of 2022 to 2028, the Global Linerless Labels Market is expected to reach USD 2,122 Million in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 4.5%.
Key Highlights from the Report
Market Dynamics:
Rise in demand for packed food and beverages
Growing health consciousness and per capita income have resulted in increased demand for packaged foods and beverages, which has a beneficial impact on the linerless labelling industry. The western world's impact, changing standards of living, convenience, and trust in packaged food all contribute to rising packaged food demand. The on-the-go lifestyle, long commutes, and long work hours, combined with customers' lack of desire to spend important time preparing food, have resulted in a higher reliance on ready-to-eat foods and increasing snacking, driving demand for linerless labels.
Stringent government regulations
Packaging rules ensure that industrial labels are produced according to specifications and are environmentally friendly. Despite the lack of a liner, these labels are multi-layered and require the manufacturing of plastic resins and other raw materials. The Food and Drug Administration (US) and Fair Packaging and Labeling, for example, are regulatory authorities that verify raw material and printing safety. Regulatory bodies inspect labeling materials and their applications on a regular basis. To ensure that the basic needs of industrial labels, such as legitimacy, durability, and sustainability, are addressed, linerless label producers must conform to regulatory demands. Manufacturers are subject to a slew of other stringent rules and codes of practice relating to the usage of plastic resins for labels, which might stymie production and operations in the linerless label market.
Over the projection period, Europe is expected to have tremendous growth. In comparison to the rest of Europe, the linerless label market in Germany, the United Kingdom, Italy, and France is expected to rise steadily due to technical advancements. The European labeling market is fragmented, with numerous small businesses well-equipped to respond fast to changes in demand trends. Environmental and regulatory regulations, as well as rising raw material prices, are influencing the expansion of Linerless Labels Market in the European economy. Government and environmental laws have a significant impact on the economy here. Another element influencing the linerless label industry is raw material price volatility.
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Consumer Goods and Packaging
Linerless Labels Market to Reach Valuation of USD 2,122 Million by 2028 - Increasing Demand for Linerless Labels Market for packed food and beverages to Drive the Market Growth
21 May 2022
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Linerless Labels Market to Reach Valuation of USD 2,122 Million by 2028 - Increasing Demand for Linerless Labels Market for packed food and beverages to Drive the Market Growth
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