Key Market Players in Linerless Labels Market

28/06/2019

Asia-Pacific is expected to be the fastest growing region in the linerless labels market during 2015 to 2020

The linerless labels market is growing rapidly in accordance with the growth in the packaging market globally. Factors such as rising demand for eco-friendly labeling solutions, growing demand in logistics, consumer durables, and pharmaceutical supplies, and growing food & beverage packaging products have contributed majorly to the growth of the linerless labels market. The Linerless labels market is classified on the basis of its composition, printing technology, priniting ink, and application. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for the linerless labels market, in terms of value, is estimated to reach USD 1.82 billion in 2015; it is projected to reach 2.32 billion by 2020, at a CAGR of 4.87% from 2015 to 2020.

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High growth potential in the emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the linerless labels market. In 2014, the Asia-pacific region accounted for the largest share in the global linerless labels market, with China being the fastest-growing market in this region. Developing countries such as China and India are projected to be emerging markets, making Asia-Pacific the highest growing in the linerless labels market.

These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the linerless labels market in this region is driven by factors such as the growing food and beverage industry, the rise in demand for pharmaceuticals and consumer products, budding trend of convenient packaging, and economic development.

The food & beverage segment is estimated to account for the largest share in the linerless labels market, on the basis of end use and this trend is projected to continue during the forecast period. Growing awareness among the consumers about the sustainable products has led to an increase in the global demand of linerless labels as they offer a less expensive alternative and higher performances such as flexibility and durability.

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The global linerless labels market is further driven by companies adopting strategies such as new product developments, mergers, acquisitions, and expansions. Mergers & acquisitions accounted for the largest share of 71% of the total strategic growth developments adopted by the key players of the linerless labels market from 2010 to 2016. Small-scale players also adopted this strategy to expand their businesses globally.

Leading companies are adopting different development strategies to sustain their position and gain a larger share in the market. The rising demand for flexible packaging and aseptic packaging has encouraged companies to adopt this strategy.The global linerless labels market is dominated by major players such as 3M Company (U.S.), Coveris Holdings S.A. (U.S.), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.).