Research Nester released a report titled “Self-Laminating Tags Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global self-laminating tags market in terms of market segmentation by type, by size, by application, by product type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The self-laminating tags market is anticipated to grow by a significantly high CAGR during the forecast period, i.e., 2019-2027 on account of high demand for user-friendly tags in various industries across the world. The availability of a wide range of these tags including printable and write-on along with their custom sizes significantly impact their usage in both commercial and for personal use as well. The increasing utilization of these tags on the back of their convenient applications and handling is estimated to be the major growth driver for this market.
The market in North America is estimated to continue to hold the largest market share of self-laminating tags as a result of increasing developments in every industry and the growing presence of key players of the market as well as the end users in the region. The advancements in the industry leading to high productivity and increased usage of these tags are also estimated to drive the market growth. Europe is another region anticipated to witness a substantial growth in this market on account of developing food and baking industry, which is boosting the demand for self-laminating tags. The expansion of self-laminating tags market in the Asia-Pacific region can be attributed to the growing number of trade activities prevalent in the region which require labeling of the stock.
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On the basis of application, the market is bifurcated into shipping & transportation, stockyards, construction, art accessories & decoration and chemicals, out of which, the chemicals segment is estimated to observe the highest growth as the result of a growing demand for sturdy labels for chemical containers.
The market is growing substantially on the back of the ease of usage and the wide range of applications pertaining to self-laminating tags. The various industries such as shipping & transportation, chemical, food, fashion, and art & craft industry use these tags in order to label their products and increase their efficiency as well as the quality of work done.
However, the materials used to produce self-laminating tags include plastic and polyester which are non-biodegradable and cause several negative effects on the environment. This is estimated to negatively impact the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global self-laminating tags market which includes company profiling of Avery Dennison, Stranco, Universal Tag Inc., LEM Products Inc., Badger Tag & Label Corporation, Brady. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global self-laminating tags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Firstly appeared on Marketwatch.com @ https://www.marketwatch.com/press-release/self-laminating-tags-market-portrays-high-end-demand-across-major-geographies-during-2019-2027-2019-08-16
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