Research Nester released a report titled “Repositionable Labels Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global repositionable labels market in terms of market segmentation by material, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Repositionable labels are reusable labels that can be removed and applied a multiple number of times. The market for these labels is anticipated to witness a significant CAGR during the forecast period, i.e., 2019-2027. The market is segmented by end user into food & beverage, chemicals, healthcare, electrical & electronics and others. Out of these, the food & beverage segment is estimated to observe the highest growth during the forecast period. This can be attributed to the growing food & beverage industry worldwide. The revenue of food & beverage industry is estimated to be more than USD 79,700 million in 2019, a number which is anticipated to further increase during the forecast period, thus increasing the demand for repositionable labels.
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Geographically, the market in Asia-Pacific is estimated to grow at a high rate during the forecast period as a result of increasing number of industries in the region along with growing requirement for repositionable labels among various industries, especially in countries such as China and India. The market in North America is anticipated to hold the highest share in the repositionable labels market on account of increased utilization of labels among large number of industries present in the region.
Increasing Demand For Labels For Temporary Use To Hone The Market Growth
The repositionable labels are temporary labels that can be removed or replaced without damaging the product’s surface which is one of the significant factor that is estimated to support the growth of this market during the forecast period. Further, reusable labels have a high demand in industries where precise placement of the labels is required. This can be attributed to the property of repositionable labels to be easily reapplied in order to set them at the correct position.
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However, the preference of permanent labels in large number of industries over repositionable labels might hamper the growth of the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global repositionable labels market which includes company profiling of StickerYou, Consolidated Label, Avery Dennison Corporation (AVY), LINTEC Corporation (TYO: 7966), Alcop Labels, Huhtamaki Group (HUH1V), Brady (BRC), Lecta Adestor, Bostik and Electronic Imaging Materials Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global repositionable labels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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