The global printed labels market size is projected to be worth US$ 26.8 Billion by 2023. The market will probably outperform US$ 40.1 Billion by 2033 at a CAGR of 4.1% during the gauge time frame.
Flexographic and digital printing technologies have transformed the printed labels market, revolutionizing how labels are produced and opening up new possibilities for customization and efficiency. Flexographic printing, known for its high-speed production capabilities, has significantly increased the speed and volume of label production.
With advancements in press technology, flexographic printers can now achieve faster print speeds while maintaining exceptional print quality. Additionally, flexographic printing has made significant strides in terms of substrate compatibility. It can efficiently print on various materials, including paper, cardboard, plastic films, and even non-porous surfaces like metal or glass. This versatility allows label manufacturers to cater to diverse labeling needs, ensuring labels are suitable for different product types and packaging formats.
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Digital printing has brought new flexibility and customization to the printing labels market. Unlike traditional printing methods, digital printing eliminates the need for printing plates, enabling label manufacturers to produce labels on demand and with minimal setup time.
This has reduced lead times, making it possible to respond quickly to market demands and efficiently handle short-run label orders. Digital printing also enables variable data printing, where each label can have unique content, such as sequential numbering, barcodes, or personalized information. This level of customization is particularly valuable for industries like pharmaceuticals, where individual packaging and labeling requirements are essential. Furthermore, digital printing allows for easy integration with digital workflows and systems, streamlining the entire label production process.
Key Takeaways from Printed Labels Market:
- The printed labels industry in the United States is predicted to reach US$ 11.2 billion by 2033, increasing at a 3.6% CAGR.
- During the forecast period, the printed labels industry in China is expected to reach a market share of US$ 4.8 billion, securing a 5.2% CAGR.
- The printed labels industry in India is predicted to reach US$ 2.5 billion by 2033, increasing at a 5.7% CAGR.
- With a CAGR of 5.1% from 2022 to 2033, the food industry is expected to dominate the printed labels.
- With a CAGR of 4.9% from 2022 to 2033, the pressure-sensitive labels segment is expected to dominate the printed labels industry.
Cosmetics & Personal Care and Chemicals Spurring the Growth of Printed Labels Market:
The cosmetics & personal care, and chemicals industry have played a crucial role in fuelling the growth of the printed labels market. In the cosmetics & personal care sector, the demand for innovative and eye-catching labels has soared as brands strive to stand out in a highly competitive market.
With an array of products and increasing consumer expectations, cosmetic companies require labels that convey product information, reflect their brand identity, and appeal to the target audience. This has led to a surge in the demand for high-quality, visually appealing labels that can be customized to meet specific brand requirements.
Additionally, the chemicals industry has contributed to the growth of the printed labels market through its diverse range of products and strict labeling regulations. Chemical products often require labels that provide detailed information about safety precautions, handling instructions, and regulatory compliance.
Labels play a crucial role in ensuring the safe and proper use of chemicals and complying with industry standards and government regulations. The chemicals industry has witnessed an increasing need for durable labels that can withstand harsh environments and resist chemical exposure, making it a significant market segment for label manufacturers. Although the cosmetics & personal care and chemicals industry has spurred innovation in labeling solutions, pushing label manufacturers to develop advanced printing techniques, sustainable materials, and integrated technologies to meet the evolving needs of these industries.
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Key Players in the Printed Labels Market:
- CCL Industries Inc.
- Avery Dennison Corporation
- 3M Company
- Fuji Seal International, Inc.
- Multi-Color Corporation
- Klöckner Pentaplast Europe GmbH & Co. KG
- Walle Corporation
- Anchor Printing
- UPM Raflatac
- BRADY Corp
- Sato Holdings Corporation
- Weber Packaging Solutions, Inc.
- H Derksen & Sons Company
- Traco Manufacturing, Inc.
- Fort Dearborn Company
- Edwards Label, Inc.
- Resource Label Group, LLC
Segmentation Analysis of the Printed Labels Market:
Product Type:
- Pressure Sensitive Labels (PSL)
- Shrink Labels
- Stretch Labels
- Wet Glue Labels
- Others (In-mold, Pre-gummed, etc.)
Material:
- Plastic
- Paper
- Aluminium
Printing Technology:
- Flexographic
- Digital
- Gravure
- Offset
- Letterpress
End Use:
- Food
- Bakery & Confectionaries
- Dairy Products
- Baby Food
- Chilled/Frozen Food
- Others (Snacks, Pet Food, etc.)
- Beverages
- Alcoholic
- Non-Alcoholic
- Healthcare
- Cosmetics & Personal Care
- Homecare & Toiletries
- Chemicals
- Automobiles
- Others Industrial
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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