Market Size of Asia-Pacific Self-Adhesive Labels Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.33 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Self-Adhesive Labels Market Analysis
The Asia-Pacific self-adhesive labels market is estimated to reach USD 16,229.33 million by the end of the year, and it is expected to grow at a CAGR greater than 6.3% during the forecast period.
Due to the COVID-19 pandemic, the market of self-adhesive labels in the region was negatively impacted. The implementation of the lockdown in the region led to supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered in 2021 and is expected to grow at a significant rate in the coming years.
- Over the short term, major factors driving the market studied are the growing e-commerce industry in the region and the increasing demand for packed goods from the food and beverage industries.
- On the flip side, the availability of substitute products in terms of adhesive used in the market is expected to hinder the growth of the market studied.
- Nevertheless, shifting focus toward bio-based self-adhesive labels is likely to act as an opportunity for the market studied.
- China is dominating the Asia Pacific self-adhesive labels market and is expected to remain in a dominant position over the forecast period.
