The water dissolvable labels market is anticipated to register a CAGR of 5% during the forecast period, up from US$ 101.94 Bn in 2022 to reach a valuation of US$ 166.04 Bn by 2032.
Water dissolvable labels, environmentally sustainable is a breakthrough technology that can dissolve instantly in water or gradually biodegrade depending on the quantity of water or moisture exposure.
Due to its various environmental benefits, the demand for water dissolvable labels is rising rapidly. The sales of water dissolvable labels are rising as it is made of sodium carboxy methylcellulose and wood pulp, which has a paper-like consistency and is available in a range of thicknesses. The rising demand for water dissolvable labels can also be augmented with bespoke coatings.
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Sales of water dissolvable labels are expected to grow as water dissolvable labels reduce the labor necessary to remove the labels and allow reusable objects to be re-identified. In addition to this, demand for water dissolvable labels is rising as they adhere to materials such as stainless steel, glass, aluminium, plastic, and others.
Increasing usage in food rotation and food safety labels, food tray markings and identification, container labelling, and temporary retail labelling on jars, plates, and cups is also projected to increase the sales of water dissolvable labels and contribute to the growth of the water dissolvable labels market share.
Furthermore, the demand for water dissolvable labels is rising as they aid in the protection of confidential information. The sales of water dissolvable labels are rising due to the increasing demand for water dissolvable labels in food rotation. These applications of water dissolvable labels are likely to fuel water dissolvable labels market share during the forecast period.
What are the Growth Propellers to the Water Dissolvable Labels Market Share?
Water dissolvable pressure-sensitive labels give restaurateurs more choice when it comes to food rotation labels. The reason behind the rising sales of water dissolvable labels is their ease of use. For example, its easy to remove labels from food containers in restaurants, saving time.
Water dissolvable labels minimize the need for extra time spent scrubbing labels and increase the speed of operations. During the forecast period, the eco-friendliness of water dissolvable labels drives the global water dissolvable labels market.
The growing availability of food services in both developed and developing countries promotes the demand for water dissolvable labels as food rotation labels.
Further, the sales of water dissolvable labels are anticipated to rise as they are versatile since they may stick to a variety of surfaces such as plastic, glass, and stainless steel. Temperatures in the application range from –40°F to +172°F. In restaurants and food sectors, water dissolvable labels are hand-written with product kind, expiry date, and other information.
The factors driving the expansion of water dissolvable labels market are the decrease of work necessary to remove labels, the reduction of filter and drain maintenance, and the ease of product removal and re-identification. Water dissolvable labels provide a cost-effective and adaptable solution, which drives the demand for water dissolvable labels during the projection period.
Another factor propelling the sales of water dissolvable labels is its reusability, containers can be reused and re-labeled by simply running them under running water.
Which Region holds the Highest Growth Potential in the Water Dissolvable Labels Market?
Geographically, the water dissolvable labels market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA). The US & Germany is expected to flourish in the water dissolvable labels market.
While India & China are expected to witness the maximum growth of water dissolvable labels market share during the forecast period mainly due to the rapid growth in the foodservice industry in developing economies.
The growing awareness of plastic labels causing harm to the environment and growth trends in dissolvable paper labels drive the demand for water dissolvable labels in these developing nations. GCC Countries and South Africa are also expected to experience above-average growth in the water dissolvable labels market share.
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.
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.
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