The global non-adhesive tags market is anticipated to accumulate a market value of US$ 4.2 billion in 2023 and is expected to garner a valuation of US$ 7.4 billion by exhibiting a CAGR of 5.8 % in the forecast period 2023 to 2033. The Non-Adhesive Tags market reflected a growth of 4.2 % CAGR in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 4.2 billion |
| Projected Market Value in 2033 | US$ 7.4 billion |
| Growth Rate (2023 to 2033) | 5.8 % CAGR |
Manufacturers generally use non-adhesive tags to display the product information and as a marketing tool. Rising drawbacks of sticky labels like color damage is intensifying the demand for non- sticky tags. Also, the adoption of modern printing techniques in non-permanent tag printing has positively affected the apparel and garment sales which is further boosting the product demand. Manufacturers are leveraging the use of die cut tags along with funky and poppy printing on these tags to attract customer attention.
Also, development of non-adhesive tags as a new branding and promotional tool is fuelling the market growth. Brand owners are shifting towards custom designed and glossy printed tags in collaboration with manufacturers. This innovation is driving the sales of non-adhesive labels. Apart from this, growing inclination toward premium beverages among youth is also proliferating the sales of non-adhesive stickers. Organized retail industry is witnessing substantial growth due to changing consumer spending habits and rising per capita income. This growth has led to increased demand of products requiring non-permanent tags for authentication and marketing.
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing non-adhesive tags are expected to create lucrative opportunities for market growth during the forecast period.
Non-Adhesive tags are a good viable solution for people who do not prefer sticky materials that could do damage to the surface or any other item. Instead of labelling an item or product with a sticky label consumers prefer to have a Non-adhesive tag on the product which can be removed without any damage to the application.
The application of Non-adhesive tags is used for creative gift packages, consumer durables, consumer electronics packaging and others. These tags display the necessary information which promotes awareness about the packed product. And the creative look attracts customer attention thereby leading to brand recognition.
Distinct qualities of the Non Adhesive tags such as non-stickiness, choice of shape and size, variety of material options, increased durability all contribute to driving the growth of the Non Adhesive tags market across the globe. The growing population accounts for more purchase of goods such as consumer durables, textiles and apparels and many others.
Also, the rising disposable, industrialisation, changing lifestyles and consumer's preference of buying packed food products is thriving the demand for Non Adhesive tags market.
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The fluctuations in the costs of raw materials and lack of awareness of this type of tags hinder the growth of the market. The major factor that might hinder the growth of the Non Adhesive tags market is the Permanent Self Adhesive labels or tags as they stick to the product permanently therefore there is no worry that it might get lost leading to an unnecessary loss.
Most FMCG products are food-related or some consumer durables. Some labels release liner or sticky material on the surface of the product packed which might act as a contaminant or simply cause any damage to the quality of the product. So to better avoid these circumstances manufacturers now prefer to use Non-Adhesive tags which are hassle-free and still cost-effective.
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Some of the key players operating in the Non-Adhesive tags market are
Asia Pacific market is anticipated to be the fastest-growing market for Non Adhesive tags market in the forecasted year. The increasing capita income in developing countries such as India, China, Korea all has fuelled the demand for the manufacture of Non Adhesive tags market.
Furthermore, e-commerce is emerging in these regions where the tags are used extensively as consumers are becoming more aware and prefer to understand the product's detailed information. At the same time, the raw materials for the tags are easily and cheaply available in the Asia Pacific region.
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Non-Adhesive Tags Market
