Water Dissolvable Labels Market is forecasted to register a CAGR of 5% during the forecast 2022 – 2032

Press Release from Future Market Insights

The market for water soluble labels is projected to grow at a CAGR of 5% over the course of the forecast period, from US$ 101.94 billion in 2022 to US$ 166.04 billion in 2032. Environmentally friendly labels that dissolve in water quickly or progressively disintegrate depending on the amount of moisture exposure are a cutting-edge technology.

Water soluble labels are increasingly in demand because of their numerous environmental advantages. Water dissolvable labels are becoming more and more popular since they are made of sodium carboxy methylcellulose and wood pulp, which has a consistency similar to paper and comes in a variety of thicknesses. Custom coatings are another way to meet the growing need for water soluble labels.

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Water dissolvable labels are used for temporary applications such as re-identification and re-use applications. Water dissolvable labels provide easy removal and help in reduction of waste. Water dissolvable labels are used in applications including glassware labeling, animal housing identification, temporary asset tracking, home & general use, laboratories, and transport & logistics. Water dissolvable labels provide a combination of fixed and dynamic information that allows customers to get the labels printed according to their design requirements.

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.

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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.

Key companies profiled

  • Stranco,
  • Brady Worldwide Inc.,
  • Avantar,
  • Shenzhen Mibils Precision Co.,Ltd,
  • GA International Labtag,
  • River Labels & Labeling Ltd.,
  • 3 Sigma.

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COVID-19 Impact Analysis on Water Dissolvable Labels Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Water Dissolvable Labels market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Water Dissolvable Labels market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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