Market Size of North America Self-Adhesive Labels Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Self-Adhesive Labels Market Analysis
The market for self-adhesive labels in North America is estimated to reach USD 12,000.2 million by the end of this year. It is expected to grow at a CAGR greater than 5% during the forecast period.
Due to the outbreak of the COVID-19 pandemic, the market for self-adhesive labels in the region was negatively impacted. The lockdown in the countries of the North American region led to supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year and was expected to grow significantly in the coming years.
- Over the short term, major factors driving the market studied are the growing regional e-commerce industry and increasing demand for packed goods from the food and beverage industries.
- Conversely, associated government regulation and volatility in raw material prices are expected to hinder the market's growth.
- Nevertheless, shifting focus towards bio-based self-adhesive labels will likely act as an opportunity for the market studied.
- The United States of America dominated the North American self-adhesive labels market and is expected to remain in dominating position in the forecast period.
