Asia Pacific (APAC) Print Labels Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Pressure Sensitive Labels, In-Mold Labels, Wet-Glued Labels, Sleeve Labels, Multi-Part Tracking Labels, Others), By Printing Technology (Flexography, Offset, Screen, Letterpress, Gravure, Digital), By End-Use Indsutry (Healthcare, Food And Beverage, Personal Care, Industrial, Household Care, Consumer Electronics, Others), And By Geography - Forecasts From 2022 To 2027

The Asia Pacific (APAC) print labels market was valued at US$15.778 billion in 2020 and is expected to grow at a CAGR of 7.34% to reach a market size of US$25.092 billion by 2027. A label is a piece of paper, metal, cloth, or polymer that is attached to a container or box of a product that is printed with information about the product. These labels are known as printed labels. Product labels are required for product identification and to prevent counterfeiting. Labels help in creating brand identity, brand image, awareness, and others, and also help in conveying essential information to customers, such as instructions on how to use, ingredients, and government license, among others.

 Advancement in technology is helping in creating creative and high-quality labels. Print labels have major applications in the cosmetics, food, and medical care sectors. The print label market is expanding due to the requirement for efficient and better-performing technologies for the production of high-quality products.

Digital printing is anticipated to grow significantly.

The Print label market is segmented by printing technology into Inkjet Printing, Offset, Letterpress, Flexographic Printing, Screen Printing, Gravure Printing, and Digital. Inkjets are flexible, and versatile, and setting up an inkjet printer is easy. It is best used for low-viscosity, soluble materials like organic semiconductors.

Screen printing is widely used in the production of sensors and radio frequency identification (RFID) antennas. Screen printing has numerous advantages over other printing technologies such as durability, versatility, speed, and affordability. Gravure printing is applied to transform paper into a viable substrate for printing electronics. The printing of high-performance electronic devices onto paper is limited by the large surface roughness and ink absorption of paper.

Gravure printing has overcome this by providing a local smoothing layer and printing organic thin-film transistors (OTFTs). That exhibits performance on par with the device on a plastic substrate. Offset printing refers to any printing technique that uses a printing plate to transfer an image to an intermediate carrier and then onto the printed substrate. Whereas flexographic printing transfers ink from the plate directly to the printed substrate.

Offset printing consists of four process colours cyan, magenta, yellow, and key (which is black). The letterpress printing process creates an image through relief printing, using raised metal type or plates to compose the required image before the image carrier is linked and the substrate is pressed against the image carrier to transform the image onto the substrate.

Modern digital printing technology is used to create a specific sort of pressure-sensitive label known as a digital label. Custom labels can be printed with digital printing at a reasonable price and with graphics and text of photographic quality and vivid color.

Food and beverage is projected to hold a notable market share.

The print labels market is segmented by end-user industry into healthcare, food and beverage, personal care, industrial, household care, consumer electronics, and others. Labels are required in the healthcare industry to inform customers with important information about the product, like in medicine for instruction on dosage, ingredients, license, manufacturing date, and expiry date, among others. The healthcare industry requires labels on medical equipment like a warning, method of use, etc. Labels are required in the food & beverages and personal care industries for providing information, branding, and enticing customers to buy the product for consumption.

Wet glue labels are forecasted to have a significant CAGR

Pressure-sensitive labels, in-mold labels, wet-glued labels, multi-part tracking labels, and other types are among the market's segmentations based on type. Pressure-sensitive labels use paper, film, and foil as their primary materials, and they can be used with a wide range of inks. For application to a product surface, mild to moderate pressure is needed. When containers are made using blow molding, injection molding, or thermoforming methods, in-mold labelling refers to the application of paper or plastic labels during the process. Although molding reduces overall costs, it extends the manufacturing process. Wet-glue labels are used in food and beverages due to their lower cost, long print run, and high quality. Multi-part tracking labels are made to prevent theft and increase the chances of asset recovery. To eliminate errors and deter vandalism, the tags duplicate the information in multiple areas of the tag.

Key Developments

• February 2021: Avery Dennison Corporation announced that they would accelerate the whole labelling ecosystem in the Asia Pacific region and launched AD stretch. The whole program would be launched globally starting in Asia pacific and then rolling out in the rest of the world.
• June 2021: Avery Dennison announced two key appointments for its Label and Packaging Materials business. Pankaj Bhardwaj was appointed as vice president for Marketing in the Asia Pacific and Saurabh Agarwal would take over as senior director and general manager for LPM in South Asia.

Impact of COVID-19 on the Asia Pacific (APAC) Print Labels Market

Several countries in the APAC region were affected by the COVID-19 pandemic. As companies with packaging facilities in China started shifting their businesses to India as a result of the pandemic, China's economy was likely to drop by a heavy percentage. The shutdown of various factories and plants in China affected global supply chains and negatively impacted manufacturing, delivery schedules, and raw material sales. Generally, Indian label printing companies operate at less capacity, while manufacturing companies were allowed to operate at a higher percentage. The accommodation of workers alongside ensuring physical separation was proven to be a challenge that only a small percentage of companies were able to overcome. Additionally, due to sealed borders, it became difficult to procure raw materials such as ink, label stock, plates and dies. Schools and universities in the region were closed and tactile graphics and Braille printed study materials also became less popular. The market is, however, anticipated to grow in the future.

Asia Pacific (APAC) Print Labels Market Scope:

 

Report Metric	Details
Market Size Value in 2020	US$15.778 billion
Market Size Value in 2027	US$25.092 billion
Growth Rate	CAGR of 7.34% from 2020 to 2027
Base Year	2020
Forecast Period	2022–2027
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Printing Technology, End-User Industry, And Country
Regions Covered	Japan, China, India, Australia, South Korea, Thailand, Taiwan, Indonesia, Others
Companies Covered	Avery Dennison Corporation, CCL Industries, Amcor, 3M, Multi Packaging Solutions Limited
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Type
  • Pressure Sensitive Labels
  • In-Mold Labels
  • Wet-Glued Labels
  • Sleeve Labels
  • Multi-Part Tracking Labels
  • Others
• By Printing Technology
  • Flexography
  • Offset
  • Screen
  • Letterpress
  • Gravure
  • Digital
• By End-User Industry
  • Healthcare
  • Food and Beverage
  • Personal Care
  • Industrial
  • Household Care
  • Consumer Electronics
  • Others
• By Country
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Thailand
  • Taiwan
  • Indonesia
  • Others

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