Pressure Labels Market worth 92.46 Billion USD by 2020
MarketsandMarkets projects that the pressure labels market size will grow from USD 74.14 Billion in 2015 to USD 92.46 Billion by 2020, at an estimated CAGR of 4.52%. The technological advancements and industrialization combined with an increasing population in developing economies and increasing demand by various end-user industries such as food & beverage, consumer durables, pharmaceutical and home & personal care are the major factors driving the growth of the pressure labels industry. Additionally, with rapid urbanization and growth in industrialization and medical sector across the globe, there is a rapidly increasing need for pressure labels. Pressure labels are a wide and diverse group of products developed for application in specific end-use industries. Food & beverages is projected to have the largest market share and dominate the pressure labels market from 2015 to 2020. Retail labels are to play a key role in changing the pressure labels landscape and grow at a high rate during the forecast period.
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