The water dissolvable labels market is experiencing significant growth, primarily due to its environmentally sustainable nature and various benefits. These labels are in high demand because they can dissolve instantly in water or gradually biodegrade based on moisture exposure. Made from sodium carboxy methylcellulose and wood pulp, they offer a paper-like consistency and are available in different thicknesses. The market is projected to witness a Compound Annual Growth Rate (CAGR) of 5%, with a valuation of US$166.04 billion by 2032.
One of the key drivers behind the increasing demand for water dissolvable labels is their positive impact on the environment. They not only reduce labor required to remove labels but also allow for easy re-identification of reusable objects. Furthermore, these labels adhere well to various materials such as stainless steel, glass, aluminum, and plastic, making them suitable for diverse applications across industries.
The food industry, in particular, significantly contributes to the rising sales of water dissolvable labels. They are extensively used for food rotation and safety labels, container labeling, and temporary retail labeling on jars, plates, and cups. Their ease of use and time-saving benefits have made them the preferred choice in food services and restaurants.
Another important factor driving the demand for water dissolvable labels is their application in protecting confidential information. They find use in food rotation and other areas where temporary labeling is required, ensuring privacy and security are maintained
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Key Takeaways:
- The water dissolvable labels market is projected to grow at a CAGR of 5% during the forecast period.
- The environmentally sustainable nature of water dissolvable labels is driving their demand.
- They reduce labor and time required for label removal, enhance re-identification of reusable objects, and adhere to various materials.
- The food industry is a significant contributor to the sales of water dissolvable labels.
- Water dissolvable labels are versatile, temperature-resistant, and aid in protecting confidential information
How is the Competitive Landscape in the Water Dissolvable Labels Market?
Key players in global water dissolvable labels market include
- Stranco,
- Brady Worldwide Inc.,
- Avantar,
- Shenzhen Mibils Precision Co.,Ltd,
- GA International Labtag,
- River Labels & Labeling Ltd.,
- 3 Sigma.
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Recent Developments
- Multi-Color Corporation will buy the Hexagon Label Group in Australia and New Zealand in October 2021. This acquisition seeks to expand the company’s footprint and offerings to ANZ consumers in Adelaide, Brisbane, Griffith, Melbourne, Perth, Sydney, Auckland, and Christchurch.
- Lintec purchased the whole stock of Duramark, a manufacturer and distributor of various adhesive products, in April 2021. The acquisition offers Mactac with immediate access to production equipment that it requires to boost the capacity of its key products, adhesive sheets and films for labels.
- CCL Industries Inc. bought InTouch Labels and Packaging Co., Inc. (InTouch) in July 2020, near Boston, Massachusetts. Avery’s direct-to-consumer activities now include InTouch, a specialised short-run digital label converter.
Key Benefits for Water Dissolvable Labels Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
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