As per Future Market Insights, the self-laminating labels market is anticipated to attain a value pool of US$ 100 billion by 2023-end. Global demand for self-laminating labels is expected to rise at a CAGR of 5.5% to US$ 170 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 100 billion |
| Projected Market Value in 2033 | US$ 170 billion |
| Growth Rate (2023 to 2033) | 5.5% CAGR |
The self-laminating labels are the water, oil, and dirt-proof labels which can be used on any products. The self-laminating labels are extremely versatile and durable. These labels remain long-lasting which safeguards the printed or written data for a longer period of time.
The self-laminating labels permanently seal and secure the printed or handwritten data and protect it against chemicals, solvents, temperatures, and others components. On the back of these factors, the self-laminating labels have wide application in various industries.
The wide application and its benefit increases the market attractiveness for self-laminating labels. The global market growth outlook for the self-laminating labels is anticipated to rise at a faster pace in the forecasted period.
The self-laminating labels protect the data which is written or printed from various components. These labels can be used indoor as well as outdoor. The data can be read at any time even after years. The self-laminating labels do not get torn so data printed or written on them can be accessed at any point in time.
The various end-use industries can use it as a tool for branding or advertising by printing their logo or name on the labels which will remain for long time. The data get protected from spill over and starches which increases its visibility and readability life. Overall, the high-performing durability propel the demand for self-laminating labels.
The factor that limits the growth of self-laminating labels is the cost factor. The materials used in self-laminating labels are costly as they contain various additional benefits than other materials used in labels. The high cost of raw material leads to the price inflation of the self-laminating labels.
The cables and wires are used predominantly in various industries such as telecom, IT, machinery, and others. These cables and wires need to be label to recognize them during any repair work. The self-laminating labels are used on cables & wires as they do not get torn and are durable.
Also, the cables & wires used in telecom industry faces various temperature as used outdoor, so the self-laminating labels are best suitable as they are withstand in high temperature also. Thus, the increasing cables & wires market will propel the demand and sales for self-laminating labels.
The trend of digitalization in various end-use industries will augment the sales of self-laminating labels. Digitalization will help companies to collect data printed on self-laminating labels which will boost the market growth for self-laminating labels.
Global Players:
Key players are
The key players adopt various strategies such as merger & acquisition, product launch, expansion, innovation and others to survive the competition in the market.
The telecom industry in India is drastically rising with the increase in demand for the information and communication technology. The self-laminating labels are been widely used by telecom industries to recognize the cables & wires at the time of repair works. The growth of the telecom industry in India will push the demand for self-laminating labels.
The electronic industry in the United States is growing at a faster pace which is one of the end-use industry for self-laminating labels. The rising application of self-laminating labels in electronics industry is propelling its sales in the country.
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