144 | Regulars / Label trendsLabel trendsGiven the ongoing challenges, in the latest Radar market survey, Finat presents data that qualifes and quantifes the impact of the supply chain shortages on the European label and packaging convertersParticipating converters by region Annual revenues of surveyed converters5%14%17% 7% Scandinavia 36% 14% 19% UK / Ireland 11% 10% 43% Eastern Europe Central Europe Less than EUR 3 million Between EUR 3 and EUR 10 million Between EUR 10 and EUR 20 million 25% Between EUR 20 and EUR 30 million Southern Europe Between EUR 30 and EUR 50 million Over EUR 50 millionConverters’ lost revenues due to supply chain issues:* **outside of our direct industry within our direct industry 39% 18%0% loss in revenues35% 36%1-5% loss in revenues17% 32%6-10% loss in revenues4% 5%11-20% loss in revenues4% 9%20-30% loss in revenues0% 0%More than 30% loss in revenuesWhere are converters seeing their customers’ applications move to?11% 32% From self-adhesive to pouches From self-adhesive to fexible packaging 47% From self-adhesive to shrink sleeves 16% From self-adhesive to wraparound labels From self-adhesive to direct print From self-adhesive to linerless labels From self-adhesive to wet-glue labels21% 42% 5% *For example, if a bottling company has been unable to obtain enough plastic resin to manufacture all the products that their customers need, this would result in the purchase of lower volumes of labels which would indirectly impact the label businesses**Lost revenues due to supply chain issues within our industry such as paper and fl. Materials, inks, plates, adhesives, etc.Numbers might not add up to 100% due to rounding.Source: Finat Radar Report 17 – 1st semester 2022, report and analysis of the European narrow web market. For more information, please visit www.fnat.comlabelsandlabeling.com