SA Label Market To Grow To $62.3B By 2026 The global self-adhesive labels market size is pro- jected to grow from $47.9 billion in 2021 to $62.3 billion by 2026, at a Compound Annual Growth Rate of 5.4 percent from 2021 to 2026, according to a new report from Market and Markets. Rising demand from the industrial and retail sec- tors is supporting the growth of self-adhesive la- bels market. Self-adhesive labels are used widely in developed countries; the market is growing at a higher rate in emerging economies. The prevailing environmental regulations in the market focus on the reduction of packaging ma- terials — boxes, bags, and pouches — to decrease the amount of waste accumulating in landfills, which contributes to the growth of the self-adhe- sive labels market. Release liners, by type, accounted for the largest market share in the self-adhesive labels market. In terms of both value and volume, flexography is projected to be the fastest-growing segment from 2021 to 2026, for self-adhesive labels. In terms of value, the APAC self-adhesive labels market is projected to grow at the highest CAGR during the forecast period. Meyers Receives Hormel Foods Excellence Award Meyers, Minneapolis, Minnesota, a provider of re- tail brand packaging, product labeling, and retail merchandising in-store displays for global brands, has received the Hormel Foods Spirit of Excellence Award. The honor recognizes suppliers whose work with Hormel helps the company achieve its key results. Exceptional Quality The Spirit of Excellence Award is presented to suppliers who demonstrated exceptional quality, on-time delivery, and customer service and sup- port through the previous year, and have main- tained a score of at least 92 on Hormel’s supplier rating index over a 12-month period. The index score is determined by a universal measurement system that began in 1990 to ensure each supplier is held to the same standards. Meyers reached its goal of powering 100 per- cent of its operations using carbon-free electricity sources by the end of 2021, and in April 2022 pledged to being carbon neutral within its opera- tions by 2024.
For the latest, up-to-the minute news in the Flexo Industry — acquisitions, installations, market trends, personnel changes — visit FlexoMarketNews.com EVERY day. On your laptop or mobile device.
www.FlexoMarketNews.com
4 June 20, 2022 Flexo Market News
Made with FlippingBook Learn more on our blog