Global Flexographic Labels Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 4 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Flexographic Labels Definition:
Flexographic labels are the labels printed using the technique of flexographic printing. In flexographic printing, the content on the label is printed with the help of liquid ink under light-controlled pressure. It is considered as low waste and high-quality output printing of labels.
Global Flexographic Labels Market Dynamics:
Labels are a link between the product manufacturers and the consumers through the representation of words, images, and ideas through the labels. For branding messages to the target customers, the use of labels is done by the manufacturers. Labels have become a source for brands to achieve marketing targets.
There is a huge range of similar products available in the market for the consumers, which makes it difficult to differentiate the brand from the other. The label is the first attractor, which describes the quality and differentiation of the product from the other products. Using the best and the proper label is thereby driving the growth of the Global Flexographic Labels Market.
Increasing demand for packaged consumer goods from developed and developing economies has increased the need for flexographic labels. Industries such as food and beverages, health, and beauty products also have a huge demand for flexographic labels as the products need to specify the details specific for the consumers, which have encouraged the manufacturers to start producing high-end packaging that includes pouches, bags, bottles, jars and other.
With the technological advancement in flexographic printing like the introduction of UV ink, development in the printing plates and anilox rollers have improved the print quality and have made printing easier. Because of the low cost, high-quality printing with simple process and less additional work requirement manufacturers are shifting towards flexographic labels printing, which is acting as a driver to the growth of the Global Flexographic Labels Market.
The high cost of maintenance of the plates of flexographic printing machines is expected to act as a restraint to the growth of the Global Flexographic Labels Market. Also, the time consumed in the change of versions is more as compared to digital printing, which can also hamper the growth of the Global Flexographic Labels Market.
Global Flexographic Labels Market Segment Analysis:
The report groups the Global Flexographic Labels Market in different segments by Product Type, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
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Based on End Use, the Global Flexographic Labels Market is segmented into Healthcare, Consumer Durables, Pharmaceuticals, Food & Beverage, Hardware products, and Others. The Food & Beverage segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The labeling and the packaging of the food and beverage products should be under the rules and regulations mentioned by the Food and Drug Administration (FDA).
FDA keeps the assurance whether the food sold is safe and properly packaged and labeled through various laws under the Fair Packaging and Labelling Act. The Nutrition Labeling and Education Act (NLEA) have made it compulsory to mention the details on the label of the nutrition present in food products, thereby contributing to the growth of the Global Flexographic Labels Market.
Based on product type, the Global Flexographic Labels Market is segmented into UV flexographic, Water-based flexographic, Rotary screen, Rotary letterpress, and Foil labels.
The UV flexographic segment was dominant in 2019 and is expected to command a market share of xx% by 2026.
Global Flexographic Labels Market Regional Analysis:
The Asia Pacific is expected to command the largest market share of xx% by 2026
Increasing awareness about the food products being consumed and huge consumer base in developing economies of APAC, like India and China is expected to boost the growth of the Global Flexographic Labels Market. With the growth of consumer goods packaging, the e-commerce industry, and industrialization, the demand for labels has increased in the region. Different region’s vendors are also coming into merger acquisition strategies in APAC to enhance their footprint because of the high demand for labels in the region.
The objective of the report is to present a comprehensive analysis of the Global Flexographic Labels Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Flexographic Labels Market dynamics, structure by analyzing the market segments and projects the Global Flexographic Labels Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Flexographic Labels Market make the report investor’s guide.
Scope of the Global Flexographic Labels Market Report:
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Global Flexographic Labels Market Key Players
• Advanced Labels NW
• Finotex USA Corp.
• Valley Forge Tape & Label Co. Inc.
• Consolidated Label Co
• Resource Label Group LLC
• Paragon Label
• Flexo Impressions Inc.
• Crown Label Inc.
• Richmark Company, Inc.
• DIC Corporation (Japan)
• Siegwerk Druckfarben AG & Co. KGaA
• Toyo Ink SC Holdings Co., Ltd. (Japan)
• Sakata Inx Corporation (Japan)
• Flint Group (Luxembourg)
• T&K Toka Co. Ltd. (Japan)
• The Braden Sutphin Ink Company (US)
• Alden & Ott Printing Inks Company (US)
• Nazdar Company Inc. (US)
• Color Resolutions International (US)
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