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Pressure Labels Market Is Estimated To Witness High Growth Owing To Opportunity In Shipping And Logistics

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Poonam
Pressure Labels Market Is Estimated To Witness High Growth Owing To Opportunity In Shipping And Logistics

Pressure labels are widely used in shipping and logistics industry for product identification, promotional offers, warnings, and other purposes. Pressure labels are durable and can withstand extreme weather conditions. They offer reliable adhesion and are cost-effective. Pressure labels are also used in industrial components such as pipes, tubes, and wires for identification.

The global Pressure Labels Market is estimated to be valued at US$ 41.56 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The shipping and logistics industry continues to grow at a rapid pace driven by e-commerce expansion globally. This provides a huge market opportunity for pressure labels manufacturers. According to recent estimates, the global shipping and logistics market was valued at over US$ 8 trillion in 2018 and is expected to grow at around 5% annually till 2023. Growing international and domestic trade along with the need for efficient product delivery will continue to drive demand for efficient labeling solutions such as pressure labels from this industry. Pressure labels ensure durability and reliability during transportation and warehousing of various products. Their excellent adhesion properties prevent damage and loss of labels during shipping. This unique advantage of pressure labels makes them highly suitable for the shipping and logistics industry.

Porter’s Analysis

Threat of new entrants: The pressure labels market requires heavy investments in setting up production and printing facilities. Established players dominate distribution channels which act as a barrier for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power. Pressure labels has applications in various end-use industries giving buyers choice of labels.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials like paper, plastics and chemicals. Suppliers are dependent on pressure labels manufacturers.

Threat of new substitutes: Threat is moderate as digital printing offers substitutes. However, pressure labels are preferred for their print quality, high durability and resistance to moisture, scratches.

Competitive rivalry: Intense due to global presence of major players. Players focus on product innovation, certifications and expansions to gain market share.

SWOT Analysis

Strength: Durable, moisture & scratch resistant labels. Wide applications in food & beverages, pharmaceuticals, personal care boost demand.

Weakness: High production costs. Substitutes like digital printing gaining traction.

Opportunity: Growing e-commerce sectors requires effective inventory management boosting labels demand. Expanding pharmaceuticals industry especially in developing nations offers growth path.

Threats: Stringent regulations. Vulnerable to changes in end-use sectors like slowdowns in FMCG market affecting labels demand.

Key Takeaways

The global Pressure Labels Market Share is estimated to be valued at US$ 41.56 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.

The global pressure labels market is expected to witness high growth supported by growing applications in food & beverages and pharmaceuticals industries. The Asia Pacific region dominates the market and is expected to maintain its leading position during the forecast period supported by countries like China and India which are among the fastest growing economies worldwide.

Key players operating in the pressure labels market are GlaxoSmithKline plc, Sanofi S.A., Pfizer Inc., Merck & Co. Inc., Novartis AG, Johnson & Johnson, Eisai Co. Ltd, Takeda Pharmaceuticals, AstraZeneca, Valeant Pharmaceuticals, Mitsubishi Tanabe Pharma, Abbott, F. Hoffmann-La Roche Ltd, Sun Pharmaceutical Industries Ltd, Lupin Pharmaceuticals Inc., BioCryst Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals, Serum Institute of India Pvt. Ltd., CSL Limited, Teva Pharmaceutical Industries Ltd.

For more insights, read- https://www.newsanalyticspro.com/pressure-labels-market-trends-size-and-share-analysis/

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