According to the latest report by IMARC Group, titled “Print Label Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global print label market size reached US$ 45.2 Billion in 2022. A print label refers to a small piece of paper or material that contains information, such as text or graphics and is typically affixed to an object or surface. The purpose of a print label is to provide clear and concise information about the item it is attached to, serving various functions across different industries. Print labels are commonly used in retail, logistics, and manufacturing sector. It helps streamline processes by providing essential information at a glance, enabling efficient inventory management, product identification, and traceability. Additionally, print labels can enhance branding efforts, making products visually appealing and recognizable to consumers. As a result, it offers a versatile and practical solution for conveying crucial information and enhancing organizational efficiency in numerous industries.
Global Print Label Market Trends:
The increasing demand for efficient and reliable labeling solutions across various industries is driving the global market. Furthermore, the growing emphasis on product branding and packaging aesthetics has fueled the demand for high-quality print labels, as customizable print labels allow companies to showcase their brand identity, leverage creative designs, and differentiate their products in competitive markets. Besides, the increasing regulatory requirements and compliance standards imposed by various industries are supporting the market as print labels enable businesses to meet these regulatory standards by providing clear and readable information, barcode integration, and tamper-evident features, ensuring consumer safety and adherence to legal requirements. Furthermore, continual advancements in printing technology have revolutionized the print label industry. Also, the introduction of digital printing techniques has led to improved print quality, faster turnaround times, and greater flexibility in label customization. Looking forward, the market value is projected to reach US$ 58.8 Billion by 2028, expanding at a CAGR of 4.17% during 2023-2028.
- Based on the raw material, the market has been segmented into metal labels, and plastic/polymer labels.
- On the basis of the print process, the market has been divided into offset lithography, gravure, flexography, screen, letterpress, electrophotography, and inkjet.
- Based on the label format, the market has been bifurcated into wet-glue labels, pressure-sensitive labels, linerless labels, multi-part tracking labels, in-mold labels, and sleeves.
- On the basis of the end use industry, the market has been divided into healthcare, food and beverages, food and beverages, personal care, industrial, household care, consumer electronics, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 3M Company, Ahlstrom-Munksjo Oyj (Ahlstrom-Munksjö Holding 3 Oy), Avery Dennison Corporation, Fort Dearborn Company, Fuji Seal International Inc, Huhtamäki Oyj, Mondi plc, Multi-Color Corporation, Ravenwood Packaging, Sato Europe GmbH, Taghleef Industries and Taylor Corporation.
|Base Year of the Analysis
||Raw Material, Print Process, Label Format, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Ahlstrom-Munksjo Oyj (Ahlstrom-Munksjö Holding 3 Oy), Avery Dennison Corporation, Fort Dearborn Company, Fuji Seal International Inc, Huhtamäki Oyj, Mondi plc, Multi-Color Corporation, Ravenwood Packaging, Sato Europe GmbH, Taghleef Industries and Taylor Corporation
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