Growth Drivers
Escalating Demand for Consumer Goods Driving the Linerless Labels Market
Rising demand for consumer goods, significant growth of food and beverage packaging products along with rising demand for logistics, and consumer durables are anticipated to support the development of the global market over the forecast period.
Increasing Adoption of Advanced Linerless Labels in Emerging Economies
Rising demand for eco-friendly, biodegradable, and versatile labels in emerging economies is escalating the growth of the market. Additionally, factors such as the preservation of natural resources, prevention of waste, and energy efficiency are acting as key drivers for the growth of the market over the forecast period.
Challenges
Stringent Government Rules and Regulations
Various government rules & regulations along with the availability of substitutes are anticipated to hamper the market. Additionally, different environmental issues in terms of printing on labels and rising raw materials cost anticipated to hinder the growth of the global market over the forecast period.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.8% |
Base Year Market Size (2023) |
USD 1.87 billion |
Forecast Year Market Size (2036) |
USD 3.44 billion |
Regional Scope |
|
Author Credits: Abhishek Anil
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