New York (US), May 22, 2023 (GLOBE NEWSWIRE) -- Linerless Labels Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Linerless Labels Market Information by Composition, Printing Ink, and Region - Forecast till 2030”, Linerless Labels Market Size was valued at USD 2,418.9 million in 2021. The linerless labels industry is projected to grow from USD 2,532.59 million in 2022 to USD 3,492.94 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2022 – 2030)
Market Synopsis
Paints and coatings are substances applied on surfaces to protect, decorate, or enhance their appearance. They are primarily composed of solvents, pigments, resins, and additives that determine their properties such as adhesion, durability, and resistance to water, chemicals, and UV light. The market for paints and coatings is vast and diverse, including decorative paints for homes, commercial and industrial coatings for buildings, and specialty coatings for automotive, aerospace, and marine applications.
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Market Competitive Landscape:
The affluent companies in the Paints and coatings industry include
- Coveris Holdings S.A.
- 3M Company
- Avery Dennison Corporation
- Constantia Flexible Group GMBH
- CCL Industries Inc.
- RR Donnelley & Sons Company
- Hub Labels
- Gipako
- Cenveo Corporation
- General Data Company Inc
- Reflex Labels
- Skanem AS
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2030 | USD 3,492.94 million |
| Compound Annual Growth Rate (CAGR) | 4.70% (2022-2030) |
| Base Year | 2021 |
| Market Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Dynamics | Growing transportation and logistics sector Reduced production costs |
Browse In-depth Market Research Report ( Pages 140 ) Linerless Labels:
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September 2022
Avery Dennison Label and Packaging Materials introduced a new direct thermal (DT) platform for linerless labels that are specifically designed for changeable information labels. The linerless labels are highly suitable for various industries, including e-commerce, food delivery, and pickup, fast-serve restaurants, weigh scales, transportation, and logistics. This innovative solution eliminates the need for a liner and provides a sustainable and cost-effective labeling solution.
Market USP Covered:
Market Drivers:
The increasing demand from the construction industry, rising demand for eco-friendly and sustainable products, and the growth of the automotive and aerospace industries. The construction industry's demand is driven by the need for high-performance coatings that provide protection and durability in harsh environments. The growing awareness of environmental issues has led to the demand for eco-friendly coatings that reduce emissions and waste. The automotive and aerospace industries are also significant users of coatings, which are used for aesthetic and functional purposes, such as corrosion protection, thermal management, and aerodynamics.
Market Restraints:
The market restraints for the paints and coatings market include stringent government regulations regarding the use of certain chemicals in coatings, increasing raw material prices, and a lack of skilled labor. Governments worldwide are imposing strict regulations on coatings that emit volatile organic compounds (VOCs) to reduce air pollution. The high cost of raw materials such as titanium dioxide and resins is also a significant challenge for the coatings industry. Additionally, the shortage of skilled labor is affecting the industry's growth as it requires trained professionals to operate complex machinery and formulate new products.
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COVID 19 Analysis
The COVID-19 pandemic had a significant impact on the paints and coatings market. The pandemic led to a decline in demand due to the shutdown of various industries and manufacturing plants. However, post-COVID, the market is expected to witness growth due to increasing demand for protective coatings for healthcare facilities, public spaces, and transportation. The pandemic has raised awareness of the importance of hygiene and sanitation, leading to increased demand for coatings that provide antimicrobial and antiviral properties.
Market Segmentation
By Composition
The Composition in the market includes Facestock, Adhesives, and Topcoat
By Printing Ink
The Printing Ink in the market includes Water-based Ink, UV-curable Ink, Solvent-based Ink, and Hot Melt-based ink.
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Regional Insights
North America and Europe are the largest markets for paints and coatings due to the presence of major manufacturers, a well-established infrastructure, and strict regulations regarding environmental and health issues. The Asia-Pacific region is expected to witness significant growth due to the growing construction industry and increasing demand for automotive and aerospace coatings. The region's increasing urbanization and rising disposable income are also significant factors driving the market growth. The Middle East and Africa and South America are also emerging markets due to increasing infrastructure development and demand for industrial coatings.
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