Iran’s Market For Self-Adhesive Labeling Machines
Iran is a conservative Islamic state that has long defied international norms. It has vexed the international community with its nuclear program, support for terrorism and human rights abuses.
The Iranian regime represses peaceful dissent, including dissidents and human rights defenders, while serious violations go unpunished. Despite recent progress in reform, the country’s Supreme Leader and his hardliners continue to rule by intimidation and violence.
Iranian cities have experienced an increasing urbanization trend in recent years. This is mainly due to population growth and rural-urban migrations.
These factors have led to changes in urban structure and function. They have also caused escalating problems such as housing shortages, inadequate urban services, informal economic growth, bridging social capital, rising urban poverty and identity crisis.
Moreover, a large number of people living in marginal areas of major cities are struggling with these problems. Tehran, the country’s largest city, is a good example of this phenomenon.
However, other regions in Iran are still experiencing urbanization. Those include Tehran and Alborz provinces. These regions are experiencing significant growth, especially in counties such as Varamin, Esfahan, Robatkarim, Shahr-e Rey and Lavasan.
Increased demand for food and beverages
Iran?s market for self-adhesive labeling machines is expected to witness significant growth over the forecast period. The rising demand for food and beverages in the country is one of the major factors driving market growth.
The demand for packaging stickers is also increasing in the country because of its various advantages such as displaying essential details like manufacturing date, quality, expiry, and other aspects related to the product. They are used for several applications in the pharmaceutical, consumer goods, and medical industries.
The growing e-Commerce sector in the country is also boosting the market for self-adhesive labels. The market is anticipated to grow at a CAGR of 5.2% during the forecast period. Moreover, the growing manufacturing base and increasing per-capita income are also boosting the market for self-adhesive materials in the country.
Increased demand for cosmetics
The increased demand for cosmetics is one of the key drivers for the global market. This is mainly due to the increasing consciousness about external beauty and individual’s internal intelligence, which encourages the use of cosmetics in individuals’ daily routines.
In terms of volume, the global cosmetics market was valued at $380.2 billion in 2019, and is expected to grow at a CAGR of 5.3% from 2021 to 2027. The women segment is projected to remain the largest market throughout the forecast period.
Despite the growth, the global cosmetics market is anticipated to face major challenges and obstacles during the forecast period, owing to the COVID-19 pandemic. This pandemic has affected the production of skin care products as well as shifted the supply and demand chain of these products.
In addition, the global cosmetics market has witnessed a rise in the use of natural ingredients for manufacturing of skin care and hair care products. Moreover, manufacturers are also adopting innovative strategies for product branding and advertising to attract more customers. These factors have contributed to the growth of the global cosmetics market in the past few years.
Increased demand for industrial products
The Iran market for self-adhesive labeling machines is booming due to increased demand for industrial products in the country. This is primarily driven by the emergence of the middle class and growth in the internet penetration rate.
During the last two years, the economy has regained momentum with a recovery in services and oil sector activity. However, the IMF expects the Iranian economy to go into recession in 2020 as a result of the COVID-19 pandemic and the ongoing US sanctions.
In the industrial sector, the demand for self-adhesive labels is expected to increase owing to the increasing need for product labelling in densely populated nations like India and China. The market is also projected to witness an increase in application of these labels in the food & beverage, consumer durables and e-commerce sectors.
The application of self-adhesive labels is a reliable and easy process that requires no solvent or water. These labels can be applied to all types of cylindrical, rectangular and oval containers in a single pass.