Global Print Label Market
The GMI Research forecasts that the Print Label Market is witnessing an upsurge in demand over the forecast period. This is mainly due to growing disposable income of the consumers and flexibility, versatility, and the high graphics standards offered by the print label accompanied by the swift rise in digital print technology and their increasing endorsement.
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Introduction of the Print Label Market
A label is a piece of paper, metal, or cloth usually attached to a container or box of a product printed with information related to the item. Printed labelling means information printed directly on the container to identify products. The market covers different types of print processes like letterpress, gravure, flexography and screen.
Key Players of the Global Print Label Market:
- Cenveo Worldwide Limited
- WestRock Company
- Avery Dennison Corporation
- Ahlstrom-Munksjö
- Multi-Color Corporation
- CLONDALKIN GROUP
- CCL Industries
- Autajon
- Mondi
- Dearborn Company
Print Label Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
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.
End-User Segment Drivers
Based on the end-user, food is predicted to expand at a faster rate owing to the aggravating demand for packed and ready to eat food products. The proper packaging ensures enhanced food quality, higher safety and enlarged shelf life of the product. In accordance with the Federation of Indian Chambers of Commerce & Industry (FICCI), the accumulated expenditure on these items is increasing primarily because of the mounting per capita income, rapid urbanization, and the escalating working women population. Moreover, the growing seepage of modern retail trade outlets which include supermarkets and convenience store, offers various frozen food products. As per the Organization for Economic Co-operation and Development (OCED), their total sales presented an upward trend with an increase in sales of customized products by 56% as compared to last year in Germany.
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 the growth of print label industry.
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 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)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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