The growing pressure labels market is promising growth through customization by 2030. Pressure labels are adhesive labels that are applied with pressure and provide product information to consumers. They are made of paper, polyethylene, polypropylene or polyvinyl chloride and offer branding and messaging benefits to manufacturers. Pressure labels can be customized in different shapes, sizes, designs and textures to enhance product visibility and branding on shelves. Their key advantages include durability, ability to withstand humidity and temperature variations. They are widely used in the food and beverage, pharmaceutical, personal care and homecare industries for product identification and information.
The Global Pressure Labels Market is estimated to be valued at US$ 47.88 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2030.
Key Takeaways
Key players: Key players operating in the pressure labels market are 3M, Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health, F. Hoffmann-La Roche Ltd., GE Healthcare, Gentiva Health Services, Inc., Invacare Corporation, Johnson & Johnson Services, Inc., The Linde Group, Medtronic, Inc., Omron Healthcare, Inc., AdaptHealth, Current Health, Baxter International Inc., Optum (United Healthcare), Outset Medical, and Regeneron Pharmaceuticals, Inc.Key players operating in the pressure labels market are focusing on new product launches and expansion strategies to expand their global footprint. For instance, 3M launched custom shape pressure labels to enhance brand visibility on shelves and Becton Dickinson partnered with Cardinal Health to develop smart digital pressure labels for pharmaceutical products.
Growing demand: The demand for pressure labels is growing due to increasing focus on product identification, branding and customized labeling from manufacturers. Their wide application in industries such as food, pharmaceuticals and personal care is boosting the market growth.
Global expansion: Major players are expanding their operations globally especially in emerging economies of Asia Pacific and Latin America. The presence of large consumer bases, growing industries and rising disposable incomes are attracting investments in these regions.
Market key trends
Digitization of Pressure Labels Market Size is one of the key trends witnessed in the market. Players are developing smart pressure labels integrated with technologies such as QR codes, NFC and RFID chips. They provide enhanced product details, traceability and analytics capabilities. For example, smart labels used in pharmaceutical cold chains can monitor temperature and location details during transit. The customization potential and integration of digital features are expected to drive the demand for pressure labels over the forecast period.
Porter's Analysis
Threat of new entrants: The pressure labels market requires high initial investment and technology due to which threat of new entrants is low.
Bargaining power of buyers: The buyers have moderate bargaining power due to availability of various pressure labels brands and alternate products.
Bargaining power of suppliers: The suppliers have moderate bargaining power as raw materials are commoditized and not unique to specific brands.
Threat of new substitutes: There exists moderate threat of substitutes like digital/electronic labelling but they are not able to match attributes pressure labels.
Competitive rivalry: The market is dominated by few global players while many local and regional players operate in niche segments leading to high competitive rivalry.
Geographical Regions
North America region accounts for largest share of the global pressure labels market in terms of value due to high demand from food and pharmaceutical industry in the region. Asia Pacific region is expected to witness fastest growth over the forecast period owing to rapid industrialization and increasing population in countries like China and India necessitating packaging of wide range of products.
For More details on the topic:
https://www.newswirestats.com/pressure-labels-market-market-size-and-share-analysis/
