Global Self-Adhesive Labels Market to Reach US$ 34 Bn by 2024-end Manufacturers across multiple industrial verticals will continue to seek ways in which they can save costs, and adopting effective labeling solutions has become a popular modus to accomplish this objective. During selection of best-suited labeling techniques, self-adhesives labels behold higher competency and advantage. Selfadhesive labels are quality products offered at low cost compared to other types of labels, and are constrained to the limits of label design. Resistance to direct sunlight and icy water boosts the operating efficiency of self-adhesive labels to 15% and higher. Persistence Market Research predicts that self-adhesive labels will remain in great demand in the future, and by the end of 2024, their global sales will net revenues worth US$ 33,940 Mn.
According to Persistence Market Research’s report, the global market for selfadhesive labels, which is presently valued at nearly US$ 23,000 Mn, shall expand at 5.3% CAGR through 2024. The report also projects that by 2020, nearly 29,000 square meters of self-adhesive labels will be sold across the globe. Affordability of self-adhesive labels over other labels is cited as a key driver for the market’s growth. The report also observes that superior adhesion offered by permanent self-adhesive labels will keep compelling manufacturers towards their adoption. In addition to this, growing retail sector, particularly in emerging markets, has led to emergence of modern retail formats that sell wide range of product categories in large