September 15, 2020
According to the research report titled ‘Global Linerless Labels Market Size study with COVID-19 Impact, by Composition (Facestock, Adhesive and Topcoat), by Product (On-Premises And Cloud), by Printing Technology (Primary and Variable information print), by Printing Ink (Water-based, Solvent-based, UV curable and Others), by End-Use Industry (Food, Beverage, Pharmaceutical, Retail, Home & personal care and Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global linerless labels market was valued at USD 1.6 billion in 2019 and is predicted to witness a y-o-y growth rate of 4.1% during 2020-2027.
Increasing demand for packaged food and beverages, preference for sustainable labels in logistics applications, and escalating sales of consumer durables are impelling the growth of global linerless labels market during forecast period. Furthermore, surging advancements and other strategic alliances among leading companies are likely to create a plethora of opportunities for the industry growth.
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For the record, linerless label is a mono web product that has silicone (release coating) on one side and adhesive on the other. It is widely used in food sector for items like fresh produce, meat, fish, ready meals, poultry, and others.
On the downside, increasing prevalence of COVID-19 has compelled governments to impose temporary shutdown of production and distribution units worldwide, challenging the market growth. Also, fluctuating prices of raw materials and strict government norms are the major factors hindering global linerless labels market size during the forecast period.
Based on end-use industry, global linerless labels market is segmented into food, pharmaceutical, beverage, home & personal care, retail, and others. With respect to printing ink, the industry is divided into water-based, UV curable, solvent-based, and others.
Speaking of printing technology, global linerless labels market is segmented into flexographic, letterpress, offset, digital, and others. With regards to product spectrum, the market is bifurcated into variable information print and primary. While the component arena segment is classified into adhesive, facestock, and topcoat.
As per regional overview, Europe linerless labels market held substantial revenue share in the recent past, owing to rising domestic demand for packaged food and increase in consumption of beverages. Whereas, Asia-Pacific market is expected to witness highest growth rate during 2020-2027.
Key players operating in global linerless labels market include CCL Industries Inc., Avery Dennison Corporation, Coveris Holdings S.A, Skanem SA, UAB “Gipako”, 3M Company, R.R Donnelley & Sons Company, Hub Labels Inc., Multi-Color Corporation, and Sato Holdings Corporation.