ALBANY, N.Y., July 5, 2021 /PRNewswire/ — The global labels market is on the verge of some big developments, which is likely to propel the market to a high growth trajectory from 2019 to 2027. Technology is important in driving the market growth and determining market penetration for the players in the field. Demand for pressure sensitive labels is likely to rise due to their low cost and flexibility, as well as increased effectiveness. Such qualities are result of proactive and aggressive efforts from players, which is likely to play a crucial role in the development of the global labels market in the years to come.
RFID – Radio Frequency Identification – refers to a technology that has been a key differentiator in the industry due to its capacity to identify and track counterfeit items. It is attached to labels for authentication and tracking as part of the intelligent solutions umbrella. Linerless labels are laying the groundwork for noteworthy growth in retail and logistics sector. Furthermore, as organisations who are focusing on diversification of revenue stream are heavily investing in these labels, thanks to material economies in particular. Over the projected period, these factors are expected to add to the growth of the labels market.
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