Print Label Market:
Growth opportunities in the print label market look promising over the next six years. This is mainly due to the growing disposable income of the consumers and flexibility, versatility, the high graphics standards offered by the print label, and the extended demand for manufactured goods.
Print Label Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The two significant drivers responsible for the growth of the global print labels market are the augmenting digital print technology and the surging acquisition of these labels. Also, the resilience and versatileness coupled with the commendatory graphics standards proffered by these labels strengthen the print label market size. The extended demand for manufactured goods and the accelerating disposable income of individuals persuades them to choose the products with proper labels. Moreover, the leading market players are progressively focusing on expanding their distribution channels and sales. For instance, Xeikon, in 2019, launched its innovation center in Shanghai to fulfill the rising demand from Chinese consumers. This escalation allowed the visitors and customers to test different applications and alternatives to grow their business via new revenue streams and business growth. Additionally, digital technologies help the corporation design print labels to raise the market demand. The incorporation of existent technologies for label printing with digital technology is likely to stimulate the market demand.
Label Format Segment Drivers
Based on the label format, wet-glue labels are expected to witness a faster CAGR during the forecast period. These labels are accounted to be one of the oldest technologies employed for labeling and uses only glue. Moreover, other factors like highly cost-effective, the capability of using renewable raw material, and the variability in finishing provided by these labels will promote market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to expand at a higher CAGR during the forecast period. This is primarily because of the growing usage in food and medical care sectors and cosmetics majorly in China. Furthermore, the increasing endorsement of effective and enhanced technologies to manufacture better quality products will propel the market growth.
Print Label Market’s leading Manufacturers:
- Cenveo Worldwide Limited
- WestRock Company
- Avery Dennison Corporation
- Ahlstrom-Munksjö
- Multi-Color Corporation
- CLONDALKIN GROUP
- CCL Industries
- Autajon
- Mondi
- Dearborn Company
Print Label Market Segmentation:
Segmentation by Print Process
- Offset lithography
- Gravure
- Flexography
- Screen
- Letterpress
- Electrophotography
- Inkjet
Segmentation by Label Format
- Wet-glue labels
- Pressure-sensitive labels
- Linerless labels
- Multi-part tracking labels
- In-mold labels
- Sleeves
Segmentation by End-User
- Food
- Beverage
- Healthcare
- Cosmetics
- Household
- Industrial
- Logistics
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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