FINAT RADAR: a 360° tour of the Label Industry

FINAT is the European association for the self-adhesive label industry with members from many countries around the world, including India. 

SCOPE AND FUNCTIONS OF FINAT;

·         Providing a networking platform for converters, suppliers and indirect suppliers

·         Represent members' interests

·         Provide a central source for industry information

·         Offer education and technical publications

·         Represent the industry's views

·         Establish and maintain industry-related best practices, standards and test methods

·         Offer a global communication platform for regional and national associations world-wide

FINAT has commissioned to "market research agency LPC" an initiative called “FINAT RADAR”, to provide a convenient and up to date ‘radar screen’ to monitor trends and developments relevant to narrow web label business. The reports contain an overview of trends and developments per region in the demand for self-adhesive materials as well as equipment installations, as indicators of consumption and investment inside the industry. Finally, the closing chapter of the RADAR is dedicated to a topic of special interest. The first edition compared notes with industry’s counterparts from across the Atlantic. The FINAT RADAR thus offers a full 360˚ scan of the industry and its market. The first edition of the RADAR was released in June 2014.

FINAT has now released the second edition of FINAT RADAR and for this, input was received from a large number of label converters throughout the different European regions and other parts of the world. The second major source of information was the series of one-on-one interviews with a panel of more than 50 major brand owners in key markets globally. Thirdly and fourthly, the report contains consumables and investment data obtained from the leading materials and (conventional) equipment suppliers. And finally, having recently completed Labelexpo India, the special interest section of this report contains a comparative overview of the main characteristics of the Indian label market.

I present the FINAT RADAR-II for the benefit of the global label fraternity…

 FINAT CONVERTER VIEWPOINT Growth, Challenges and Opportunities 

Once again, FINAT member converter companies in every major European region filled out detailed surveys for the compilation of this second edition of RADAR. Total annual revenues for all respondents in 2013 was more than € 1.3 billion, representing more than 10% of the total EU label market.  A number of the questions in the most recent RADAR Converter Survey were similar to those asked in the first edition. Repeating certain questions enables us to track specific data and to compare and contrast this data to past surveys so that we may gain an understanding of growth and/or contraction rates in the European narrow web marketplace.
Each participant was asked to indicate the region in which their factory is located. If a participant’s company headquarters was in another region, the participant was asked to answer the questions in the survey as only applicable to the factory in which they work. This ensures the data obtained is relevant to a specific European region, rather than being applied across all of Europe. The graph below indicates a geographic breakdown for all FINAT Converter Survey Respondents...Read More.

The FINAT RADAR is presented by Harveer Sahni, Member of membership Committee of . It can be reproduced unedited by publications after informing the presenter or the Finat secretariat at info@finat.com Posted December 2014.