Knowledge Sourcing Intelligence announces the publication of a new report on “Linerless Labels Market - Forecasts from 2020 to 2025” to their offering.
Growing investments in R&D in the packaging industry driven by the need for eco-friendly alternatives, cost minimization, and high demand for end-use industries among others are expected to lead to nominal market growth.
As per the report, the global market pertaining to global linerless labels market is expected to reach USD 2.401 billion by 2025, from USD 1.816 billion in 2019
Linerless labels are being increasingly sought after because of substantial growth in the flexible packaging industry and a variety of developments in the consumer goods sector. Further continuous growth logistics sector across the world along with the growing preference for lineless labels for asset tracking, goods distribution, and inventory management, is augmenting the growth of the market. The growing inclination of manufacturers towards market and greener alternatives has led to the development of the linerless labels market due to the benefits of integrating linerless labels in operation that includes achieving zero-waste initiatives, minimize silicone in landfills, and reduce the solid waste stream. Cost-effectiveness is also another aspect that has made it the go-to packaging solution offering by the packaging manufactures. Another significant contribution is from digital label printing which is driven by the transitioning of mass-production to multi-product, high-mix, and low-volume production. The food and beverage industry occupies a substantial share of the market due to the considerable demand for canned & packaged foods and consumers’ inclination towards purchasing a food product based on the authenticity of the products. Further, the retail industry is expected to drive the growth of the market facilitated by the growing incidence of theft.
On the other hand, Linerless labeling essentially involves a plain strip of adhesive tape. Information is printed on this tape using a thermal transfer printer, and the tape then passes to an applicator head that cuts it and applies the resulting label to the product. The erstwhile technology used was fraught with challenges. Thus, the advent of heat-activated pressure-sensitive adhesives also known as PSA has enabled stakeholders to overcome the challenges of sticking to printer mechanism. The aforementioned has facilitated the introduction of a new labeling machine that offers a hot-melt adhesive that is only activated when heated. Therefore, it doesn’t leave any residue in the machine the enables ease of cleaning and maintenance. Besides smudging is done away with the use of paper-based labels with exceptional print clarity that is normally associated with thermal transfer printing.
Thus, these advantages of heat-activated PSA have led several players to develop reliable a linerless label applicator solution. For instance, Toshiba TEC Corporation (TYO: 6588) and RL Solutions had in January 2019, reportedly joined forces and developed a new reliable linerless label applicator solution that works with heat-activation rather than pressure-sensitive adhesives. Further STAR MICRONICS CO., LTD (TYO: 7718) an international POS printer manufacture had announced the launch of its latest direct thermal linerless label printer, the TSP654IISK that has been designed for use in cafés and takeaway outlets, quick service and fast-food restaurants, to print bag labels, food orders and product labels, repositionable labels, for logistics and retail. Such innovations are expected to facilitate the market growth of the linerless labels. However, high raw material costs, high capital investment, and limited options of linerless label shapes are deterrents to market growth.
Irrespective of such challenges the growing sustainability of imperative businesses to reducing waste and rising environmental consciousness of consumers has resulted in a preference for eco-friendly packaging solutions that are necessitating manufacturers to increase their capacity of producing linerless labels. For instance, in May 2019, R.R. Donnelley & Sons Company (NYSE: RRD) which is a leading global provider of multichannel solutions for marketing and business communications, had announced it has expanded its extensive global platform for label manufacturing by adding a 26” linerless press, developed and manufactured by ETI Converting Equipment. In July 2019, Coveris had reportedly confirmed that it acquired 100% of the shares of a UK based Amberley Adhesive Labels Ltd manufacturer of high-quality self-adhesive labels, to further strengthen its Labels & Board business for an undisclosed amount.
As a part of the report, the major players operating in the global linerless labels market, which have been covered are Avery Dennison Corporation, Bizerba Group, Coveris, Gipako UAB, R.R. Donnelley & Sons Company, andSATO Europe GmbH.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/linerless-labels-market
This report segmented the global linerless labels market on the basis following terms