Label Market in Europe 2015-2019
Labels are printed pieces of paper, film, polymer, or other materials affixed to a product or imprinted on the package or the body of a product that provide important information about the product and the company. There are many labels with different features available in the market, such as pressure-sensitive, in-mold, and heat-shrink labels. Often the terms "packaging" and "labeling" are used together as each package has a label. Hence, several manufacturers in this market are also engaged in the production of packaging products to meet increasing consumer needs. Digital labels are currently gaining popularity in many retail outlets. Many new products launched by vendors are causing players to adapt technologically advanced labels, which is positively influencing the growth of the market.
TechNavio's analysts forecast the Label Market in Europe to grow at a CAGR of 2.72 percent over the period 2014-2019.
Covered in this Report
The Label Market in Europe can be segmented into two divisions: Type of Labels and End-users.
TechNavio's report, the Label Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also summaries the challenges faced by the vendors and the market at large, and the key trends that are emerging in the market.
TechNavio Announces the Publication of its Research Report – Label Market in Europe 2015-2019
TechNavio recognizes the following companies as the key players in the Label Market in Europe: Avery Dennison Corp., Bemis Company Inc., LINTEC Corp., McBride plc and Rockline Europe
Other Prominent Vendors in the market are: CCL Label, Etiquette Labels, International Trimmings and Labels, Label World, Lynk Data Systems, Maverick Label, Mercian Labels, NiceLabel, NSD Labelling Group, Plastech Print, Sato Europe, Seriadornos SL, Sticky Labels and Worldmark
Commenting on the report, an analyst from TechNavio’s team said: “One key trend emerging in this market is the development of new products. Countries in Europe are currently experiencing increasing urbanization and economic development, which is leading to increasing demand. This motivates vendors to introduce innovative product portfolios to the market.”
According to the report, one of the main drivers of this market is the increase in demand for packaged F&B products, resulting from the increasing disposable income of consumers in many developing countries. These factors have resulted in an increase in the demand for labels by packaged F&B products manufacturers.
Further, the report states that one of the main challenges hindering the growth of this market is its ineffective customer-retention strategy. Vendors do not provide better value-added service proposals for their clients. This makes retaining their customers challenging.
Avery Dennison , Bemis, LINTEC, McBride, Rockline Europe , CCL Label , Etiquette Labels, International Trimmings and Labels, Label World , Lynk Data Systems, Maverick Label, Mercian Labels, NiceLabel, NSD Labelling Group, Plastech Print,Sato Europe, Seriadornos, Sticky Labels, Worldmark