Positive Outlook for EU Label Industry
European self-adhesive label industry passes Covid-19 stress test
According to information published by Finat; after two years of modest, 1.5% annual demand growth in 2018 and 2019, the Covid-19 pandemic has boosted European demand for self-adhesive label materials in the first half of 2020. Consumption of labelstock materials in the wider European economic area was more than 8% above the level recorded in the same period last year. In the second quarter alone, demand for filmic roll label materials even exceeded the second quarter of 2019 by almost 25%.
This growth has been attributed to the crucial role of self-adhesive labels as enablers of the critical infrastructure in times of crisis: food, healthcare, personal care, sanitary products and supply chain logistics. On the other hand, label demand in ‘non-essential’ sectors like automotive, electronics, travel and catering were suffering in the first half of 2020.
Since the outbreak of the Pandemic at the beginning of March, FINAT, the European label association representing some 600 member facilities overall, has been liaising with its members online via regular Covid-19 briefings, zoom meetings and most recently FINAT briefings. Based on the various online conversations, the association has compiled an industry dashboard summarising the multidimensional parameters to be addressed in these disruptive times.
More information will be detailed in the upcoming Radar report to be published shortly. Read the full article and download the report once published on the FINAT website.