The global linerless labels market size is projected to grow from USD 1.7 billion in 2020 to USD 2.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast year. The growth of this market is attributed to the change in the style of labeling, innovative & sustainable labeling solutions, and boost in demand for packaged food and ready-to-eat meals, due to the rising working population.
Food, by end-use industry, accounted for the most significant demand for linerless labels in 2019, in terms of value and volume. This dominant market position is attributed to the boost in demand for linerless labeling solutions across the food industry. A large number of linerless labels are used in the food industry for fresh food, meat, fish, seafood, fresh produce, poultry, and ready meals. With the increase in demand for convenience and quality food products, people opt for packaged foods, the market for linerless labels has also experienced a rise in its demand.
The Europe region is projected to lead the linerless labels market, in terms of both value and volume from 2020 to 2025. This region has healthy environmental norms against plastic usage due to which many label products are being designed considering their recyclability and sustainability. Factors such as improving global economy, expanding the working population, rising domestic demand for packaged food, and increase in consumption of beverages are expected to boost the market for linerless labels.
The linerless labels market has been dominated by large players, such as the 3M Company (US), R.R. Donnelley & Sons Company (Canada), CCL Industries Inc. (Canada), Multi-Color Corporation (US), and Coveris Holdings S.A (Austria). These players have adopted various growth strategies, such as expansions, investments, new product developments, mergers, and acquisitions, to increase their market shares and enhance their product portfolios.
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Mergers & acquisitions accounted for the largest share of all the strategic developments that took place in the linerless labels market between 2016 and 2020. Key players such as CCL Industries Inc. (Canada), Multi-Color Corporation (US), and Coveris Holdings S.A (Austria) adopted these strategies to strengthen their business portfolios and presence in the linerless labels industry.
3M Company (3M) is a diversified technology company with an excellent global presence under four business segments: safety and industrial, healthcare, consumer, and transportation and electronics. 3M is among the leading manufacturers of products for many of the markets it serves and has around 112,403 patents globally. It offers a range of linerless labels for various applications in different end-use industries. The company has a strong foothold in the US and has its presence worldwide.
CCL Industries Inc. is one of the leading label manufacturers. It operates through four business segments, namely, CCL, Avery, checkpoint systems, and Innovia. The company has a strong foothold and customer base in Canada. The company has its corporate offices in Toronto, Ontario, Canada, and Framingham, Massachusetts, US. The company has its presence in around 42 countries, globally, and has a label and tube license holder operating two plants in Indonesia
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