Rising technological advances in label market and growing demand from organized retail sector is boosting the Linerless Labels Market into USD 1014.45 Mn sector |Forecast period 2023-2027
Rising label industry technical advancements and expanding organised retail sector demand are expected to fuel the linerless label market continuous rise. Market growth is projected to be USD 1014.45 million by 2027, growing at a compound annual growth rate of 8.91%.
Technavio Analyst Quoted ~ “The growing consciousness of sustainability is one of the main drivers propelling the linerless label market expansion.”
Snapshot of Linerless Labels Market Analysis
However,Increase in prices of raw materials for linerless labels and High initial cost and limited shapes of linerless labels are expected to hinder the growth of the market. However, Growing importance of labels and Rising innovation in linerless labels market will have a positive impact on the linerless labels market during the forecast period.
3M Co., Avery Dennison Corp., General Data Co. Inc., Gipako UAB, Henkel AG and Co. KGaA, Hub Labels Inc., LINTEC Corp., Multi Color Corp., NAStar Inc., Nordvalls Etikett AB, Optimum Group, ProPrint Group, Ravenwood Packaging Ltd., Reflex Labels Ltd., etc are some of leading market players in this domain.
Technavio’s analysis of the linerless labels market also includes:
