FINAT labelstock statistics: booming second quarter in line with general economic recovery in Europe
This is all the more remarkable when considering that label demand already peaked in Q2 2020 with an annual growth rate of 8% due to the Covid-19 outbreak. The demand peak in the spring of 2021 correlated with the general economic recovery in Europe as demonstrated by the 13.2% growth of the EU economy compared to Q2 in 2020.
Increase in paper roll demandContrary to 2020, labelstock demand growth was led by volume paper roll demand which increased by a record 14.6% year-on-year, as opposed to a 4.2% decline in demand for filmic roll label materials, compared to the peak in Q2 2020 (when non-paper rolls registered a record increase of 22.4%). The peak in paper roll demand already announced itself in the first quarter, when reports came in about paper shortages in the supply chain, after a period of destocking. Overall, in the first half of 2021, self-adhesive labelstock demand in Europe grew by 5.4% compared to the first half of 2020 (plus 7.7% for paper rolls, and a ‘modest’ 0.3% for filmic rolls).