Pressure Sensitive Label Market is Likely to Exhibit A 5.2% CAGR Over The 2017-2022

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The global pressure sensitive labels market has made rapid progress in recent years thanks to the growth of the global retail sector and the food and beverage industry, which have become dominant consumers for the pressure sensitive labels market. Pressure sensitive labels, also called adhesive-backed labels, are used in a wide variety of applications due to their ease of use and the ease they provide in incorporating other technologies such as barcodes into their design, which makes them easy to incorporate into the day-to-day functioning of industries. The ease of incorporating branding material in the design of pressure sensitive labels has also driven their adoption in various sectors and is likely to remain a key driver for the global market in the coming years.
The global pressure sensitive labels market was valued at US$86.8 bn in 2017. According to Transparency Market Research, the global pressure sensitive labels market is likely to exhibit a 5.2% CAGR over the 2017-2022 forecast period and emerge with a valuation of US$112 bn by 2022.
One of the major drivers for the global pressure sensitive labels market is the steady growth of the logistics sector in recent years, as well as the rapid subsequent growth of the transportation industry.
Logistics has become vital due to the growing adoption of long-distance shipping chains and the need to multiply sales outlets. The pressure sensitive labels market has gained significantly from this trend due to the ease of applying pressure sensitive labels and garner consumer interest. The ease of delivering product information in an attractive format is likely to drive demand for pressure sensitive labels from the logistics and transportation sector in the coming years.

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