The self-adhesive labels market has witnessed significant growth over the years and has transformed into a multi-billion dollar industry, worldwide. The well-established players in this market include Avery Dennison, CCL Industries, Constantia Flexibles Group, 3M, and others. These companies hail from the developed countries in North America and Europe and have an extensive global presence.
The North American economy occupies the largest share in the global self-adhesive labels market, a position that it has commanded consistently. The strong presence of manufacturers in the region, as well as the high number of customers, adds to the sector’s strength in the region. The U.S. is the largest, whereas Mexico is the fastest growing market in the North American region.
The North American region is technologically developed and is also governed by strict regulations about the use of labels, which is the primary driver for growth in the market. The sectors in the region use self-adhesive labels across multiple functions that range from food to pharmaceutical. This widespread development and enforcement by agencies such as FDA and the Euro High Commission have assisted the region to dominate the global market.
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The fastest growing region includes the Asia-pacific market which has witnessed considerable growth over the past few years. The establishment of the market is backed by the growth in industrial and consumer awareness towards the use of self-adhesive labels. Manufacturers in different sectors focus on their exports towards regions such as Europe and North America, where stringent labeling regulations can cause problems.
This increase in demand for self-adhesive labels in Asia-Pacific has resulted in regional players to set up business units and even well-established players to enter the Chinese and Indian markets. These countries offer attractive benefits such as tax credits, exemptions, and others for companies that intend to set up units in this region. The Asia-Pacific region is dominated by the food and beverage market; however, improvement in printing technology and a rise in demand from other sectors is expected to influence overall growth in the near future.