by Market Overview:
The print label market encompasses labels used in various end-use industries such as food, beverages, pharmaceuticals, personal care, and chemicals. Print labels provide product information and promote brands.
Market Dynamics:
The print label market is expected to witness significant growth over the forecast period. One of the major drivers contributing to this growth is the increasing popularity of e-commerce. The flourishing e-commerce industry has led to a surge in demand for labels for product identification, brands, pricing, and other specifications during shipping and delivery. Moreover, stringent government regulations regarding product labeling across industries are prompting manufacturers to use high-quality labels, which is also fueling market growth.
Market Key Trends:
The print label market has been witnessing high growth driven by increasing demand for branded and customized products across different industries such as food and beverages, personal care, pharmaceuticals, and chemicals. Labels provide important product information to customers and help in branding and marketing of products. New digital printing technologies are enabling print labels with variable data printing and customization features which is gaining popularity among end-use industries. Sustainable and eco-friendly labels manufactured using recycled materials are also gaining traction in the market.
SWOT Analysis
Strengths: Variety in styles, sizes and materials to meet diverse application needs. Provides product branding and marketing channels for manufacturers.
Weaknesses: Changing consumer preferences can impact demand for certain types of labels. Subject to stringent regulations on packaging materials.
Opportunities: Growing e-commerce sector fostering demand for shipping and product labels. Advances in digital printing expanding capabilities.
Threats: Rising raw material costs exert pressure on operating profits. Intense competition among manufacturers.
Key Takeaways
The global Print Label Market size was valued at US$ 45.1 Bn in 2021 and is expected to witness high growth, exhibiting a CAGR of 4.26% over the forecast period. Rapid urbanization and growth of the retail industry have augmented the application of print labels across several end-use industries.
North America dominated the print label market in 2021 led by the US owing to massive food & beverages industry in the region. However, Asia Pacific is projected to witness the fastest growth on account of increasing consumer goods sector and industrialization in emerging economies such as China and India.
Key players operating in the print label market are Fort Dearborn, Multi Color Corporation, Mondi Group, Ahlstrom-munksjö Oyj, Autajon Group, Avery Dennison Corporation, CCL Industries Inc., Multi Packaging Solutions (Westrock Company), Clondalkin Group Holdings BV, Cenveo Corporation, Brady Corporation, Fuji Seal International Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons Company, 3M Company, Taylor Corporation, Huhtamaki OYJ, Taghleef Industries Inc., Ravenwood Packaging, Sato America, Coveris, Fedrigoni Self-Adhesives (Fedrigoni Group), Epac Holdings LLC, and Neenah Inc.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
