Self-adhesive label Market set to grow by 30% over 5 years
The self-adhesive label market will see a CAGR of 5.4 per cent between now and 2026, translating into a market that will be 30 per cent bigger in five years’ time, with the Asia Pacific region seeing the biggest growth of all. That at least is the conclusion from research agency MarketsandMarkets, which says the current US$48bn market will grow to US$62.3bn in five years. It says the self-adhesive labels market is expected to witness high growth because of increase rapid urbanisation, demand for pharmaceutical supplies, increasing consumer awareness, and growth of the e-commerce industry. And it says with the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional values of the ...