print label market is estimated to grow at a CAGR of 4.1% during the forecast period from 2022-2029
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The factors driving the growth of Print Label Market includes rising demand for packaged food, rapid growth in the e-commerce sector, Government policies regarding incorporation of informative labels as per the guidelines in the FMCG industry and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing penetration of modern retail trade outlets, such as supermarkets and convenience stores and rapid urbanization, are some of the additional factors supplementing the Print Label Market size. In addition, the increasing investments by major corporations on research and development, rising disposable incomes, strategic mergers and collaborations between industry players and growing population growth rates, are further contributing towards the market growth.
However, growth of the Linear Print Label Market is hindered due to variations in the prices of raw materials.
The leading players operating in the market are Bosch Rexroth AG, SCHNEEBERGER Holding AG, Hiwin Corporation, Rockwell Automation Inc., The Timken Company, NSK Ltd., Thomson Industries, Inc., Nippon Thompson Co. Ltd., THK Co., Ltd., and Robert Bosch GmbH, and others.
Based on Label Format, the Wet-glue labels segment is predicted to grow at a significant CAGR during the forecast period
Wet-glue labels are cost-effective, provides greater variety of finishes and is increasingly used for renewing raw materials, are some of the features pushing Global Print Label Market.
Based on End-User, the Food segment is projected to grow at a robust CAGR over the forecast period
Growing demand for packaged food products owing to their extended shelf life, rising penetration of supermarkets and convenience stores, and increasing popularity of frozen food products, are propelling segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Increasing demand for frozen food products across India, China, and Indonesia, rising adoption of advanced technologies by manufacturers, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
- In 2021, Fort Dearborn Company completed the acquisition of Hammer Packaging Corporation with an aim to improve its position in the decorative label and packaging marketplace. Through this acquisition, both the companies will offer a higher level of product and services to their customers.
- In 2021, Multi-Color Corporation completed the acquisition of Herrods, one of the leading providers of in-mold label (IML) solutions in Australia and New Zealand.
Segmentation by Print Process
- Offset lithography
Segmentation by Label Format
- Wet-glue labels
- Pressure-sensitive labels
- Linerless labels
- Multi-part tracking labels
- In-mold labels
Segmentation by End-User
Segmentation by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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