Global Print Label Market Size, Drivers, Trends, Opportunities And Strategies – Includes Print Label Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Demand for manufactured goods is likely to stimulate innovation in print label manufacturing, propelling the market during the forecast period.
The global print label market is expected to grow from $42.27 billion in 2022 to $44.80 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The global print label market size is expected to reach $54.28 billion in 2027 at a CAGR of 4.9%.
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Global Print Label Market Segments Include:
- By Print Process: Offset lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography, Inkjet
- By Raw Material: Metal Labels, Plastic Or Polymer Labels
- By Label Format: Wet-Glue Labels, Pressure-Sensitive Labels, Linerless Labels, Multi-part Tracking Labels, In-Mold Labels, Shrink And Stretch Sleeves
- By End-user Industries: Food, Beverage, Healthcare, Cosmetics, Household, Industrial (Automotive, Industrial Chemicals, Consumer and Non-Consumer Durables), Logistics, Other End-User Industries
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global print label market in 2021.
Major Market Players in the print label market include Mondi Group, Connecticut Chemicals (Canada) Limited, Multi-Color Corporation, Avery Dennison Corporation, Clondalkin Group Holdings BV, Ahlstrom-Munksjo Oyj, Cenveo Corporation.
Technological advances are a major trend that is gaining traction in the print label market. Companies in the print label market are embracing new technologies in order to maintain their market position. For example, Xeikon B.V., a Netherlands-based producer of digital printing solutions for labels and packaging, introduced two new digital label presses, the Xeikon CX30 and Xeikon CX50, in February 2021. These new presses, constructed on its sixth-generation platform and based on Cheetah 2.0 technology with next generation interfaces and cloud connectivity, are designed to give the maximum level of equipment effectiveness conceivable. Xeikon’s two new presses were designed and engineered to work with any label printer that uses’medium capacity,’ which is defined as 20,000-40,000 square metres, or 30,000-55,001 MSI. According to the producer, the press excels in the pharmaceutical, food, wine, and alcohol label sectors. The scalable press design from Xeikon, which incorporates a full rotary process with five print stations and a variable repetition length, serves as the cornerstone of Cheetah 2.0 technology.
The Print Label Global Market Report 2023 provides a print label market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The print label market forecast analyzes print label market size, print label market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The process of designing and printing a sticker or tag with information such as the product name, description, price, barcode, or other pertinent data is referred to as print labelling. It is defined as the process of printing unique labels utilising various techniques such as flexographic printing and digital printing.
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