According to Data Bridge Market Research new Market report, global linerless labels market will account to an estimated USD 1.99 billion in 2017 growing at a CAGR of 4.6% during the forecast period of 2018 to 2025.
Global Linerless Labels Market
Linerless labels can be defined as pressure-sensitive label that do not include a paper beneath them, they are rolled up and a coating is applied on the facestock that prevent the adhesives applied behind the labels from sticking to each other. They can be applied directly to the sticking surface and improve the production efficiency as it reduces the costing and reduces disposing waste of liner labels, resulting in a higher amount of labels per roll.
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Global linerless labels market is segmented on the basis of composition, printing ink type, printing ink technology, application and geography.
By Composition (Facestock, Adhesives, Others), Printing Ink Type (Water-based Ink, UV-curable based Ink, Solvent-based Ink, Hot-melt based Ink), Printing Ink Technology (Digital Printing, Flexographic Printing, Gravure Printing, Screen Printing, Lithography Printing, Offset Printing, Letterpress printing), Application (Food & Beverage, Consumer Durables, Pharmaceuticals, Home & Personal Care, Retail Lables, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
FACTORS DRIVING GROWTH IN LINERLESS LABELS MARKET
Increase in healthcare expenditure by the various countries
According to OECD, there has been a rise in expenditure on healthcare yearly by the various countries and according to their statistics, in 2017 United States spent 17.2% of their total GDP on healthcare expenditure, with Switzerland close behind with 12.3% of their total GDP spent on healthcare expenses. France, Germany and Sweden followed closely rounding out the top five countries of the highest healthcare expenditure in 2017. This healthcare expenditure has been growing for all of these countries with the exception of Sweden whose expenditure has decreased from their 2015’s share.
This high amount of healthcare expenditure and the rising number of expenditure growth is expected to majorly drive the market growth as pharmaceutical products, and services majorly employ linerless labels in the industry.
Few of the major competitors currently working in the linerless labels market are 3M, Avery Dennison Corporation, CCL Industries Inc., Coveris Holdings S.A., R.Donnelley & Sons Company, Henkel AG & Co. KGaA, ImageTek Labels, UPM Raflatac, LINTEC Corporation, Tesa SE- A Beiersdorf Company, Lewis Label Products, Seiko Holdings Corporation, Mondi Plc., Sandora Sales and Manufacturing Ltd., Chicago Tag & Label, Honeywell International Inc., Polylabel, Intertronics, Sika AG , Macfarlane Group Plc., H.B. Fuller Company, Guangzhou Manborui Material Technology Co Ltd., Constantia, FLEXcon Company Inc., Torraspapel S.A, Bemis Company Inc., Cenveo Corporation and Adhesives Research Inc.
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