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The global print label market was valued at US$ 42.3 Billion in 2021.
We expect the global print label market to exhibit a CAGR of 4.50% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for print label materials.
The extensive adoption of print label to incorporate informative labels on the commodity for creating brand identity, identifying goods, and eliminating counterfeiting to maintain credibility, is primarily driving the global print label market.
Based on the raw material, the global print label market can be categorized into metal labels and plastic/polymer labels, where plastic/polymer labels currently exhibit clear dominance in the market.
Based on the label format, the global print label market has been segmented into wet-glue labels, pressure-sensitive labels, linerless labels, multi-part tracking labels, in-mold labels, and sleeves. Among these, pressure-sensitive labels hold the largest market share.
Based on the end use industry, the global print label market can be bifurcated into healthcare, food and beverages, personal care, industrial, household care, consumer electronics, and others. Currently, the food and beverage industry accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global print label market include 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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