Market Size of Europe Self Adhesives Label Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 3.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Self Adhesives Label Market Analysis
The Europe self-adhesive labels market is expected to grow at a CAGR of over 3% during the forecast period.
The COVID-19 pandemic, which resulted in nationwide lockdowns, disruptions in manufacturing activity and supply chains, and production halts, had a severe influence on the market in 2020. However, in 2021, conditions began to improve, resuming the market's growth trajectory for the projection period.
- The increasing demand for packed foods from the food and beverage industry and the rapidly growing e-commerce industry is likely to drive the demand for the market.
- On the flip side, increasing government regulations and the availability of substitutes like linerless labels are hindering market growth.
- Shifting focus toward bio-based self-adhesive labels is forecasted to offer various market growth opportunities over the forecast period.
- Germany represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from food and beverage industries in coming years.