The global print labels market is expected to grow at a CAGR of 4.84%, to reach a market size of US$57.808 billion in 2027 from US$41.521 billion in 2020.
A print label on the container or packet contains information about the product that will be distributed to existing and potential customers.
It is a branding tool used by companies to distinguish their products from those of their competitors. Several regulatory authorities across industries have established their guidelines as to what all information has to be provided to the customers on the label of the product. For instance, manufacturing and expiry dates are to be disclosed on food products, directions to use are to be disclosed for electrical appliances, etc. With escalating advancements and innovations in printing technologies, this industry is expected to witness high growth rates. Growing health awareness among people across the globe due to the rise in adulterated goods is one of the major reasons why the print label market is thriving.
Change in the consumption patterns of the population in developing countries is, indirectly, fueling the demand for print labels, for instance, a rise in demand for packaged food items or OTC medicines requires more usage of print labels. The market for cosmetic and personal grooming products, for enhancing beauty, is evolving and new products are getting added to the list rapidly. Consequently, the cosmetic and personal care industry has to provide information about the ingredients used and plausible side effects, if any, to make the consumer better informed. The print Label Market serves the purpose.
The print label Industry is growing due to demographic and economic changes in the countries. Industrialization and urbanization have led to a rise in the disposable incomes of the people. As a result, there is a parallel rise in the demand for manufactured products, of which print labels are an indispensable part. The Food & Beverage and Pharmaceutical Industries are the biggest users of printed labels.
The print Label Industry has to pass through a lot of technological transformations along with meeting customization and personalization requirements, but the demand for these labels would not fall as long as the products are being demanded by the people. The industry might face certain challenges concerning the environment and its dynamic nature but digitalization and automation in processes could work as a catalyst for it to run in the long run. Additionally, improvements in software used to build print labels are constantly improving the quality of the print labels. Some eco-friendly labels are also cropping up on the market, but they tend to be costlier.
Geographically, the Asia-Pacific region is expected to see the highest surge in the rate of increase in print label consumption
Owing to the increasing production of goods and the rapid transformation of infrastructure facilities in the region, the Asia-Pacific market is expected to grow. The growing population in countries such as India and China is a major reason why this industry is anticipated to boom. North America is expected to hold a major share of the print label market due to more reliance on packaged products. The print label is used as a marketing tool to attract customers in new emerging economies.
|Market Size Value in 2020||US$41.521 billion|
|Market Size Value in 2027||US$57.808 billion|
|Growth Rate||CAGR of 4.84% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Printing Technology, End-user Industry, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Mondi, Avery Dennison Corporation, CCL Industries, CCL Secure, Amcor PLC, Constantia Flexibles, RR Donnelley & Sons Company, 3M, Cenveo Worldwide Limited, WestRock Company|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global print labels market?
A1. Print Labels Market was valued at US$41.521 billion in 2020.
Q2. What will be the global print labels market size by 2027?
A2. The global print labels market is expected to reach a total market size of US$57.808 billion by 2027.
Q3. What are the growth prospects for the print labels market?
A3. The print labels market is expected to grow at a CAGR of 4.84% over the forecast period.
Q4. What factors are anticipated to drive the print labels market growth?
A4. Growing health awareness among people across the globe due to the rise in adulterated goods is one of the major reasons why the print label market is thriving.
Q5. Which region holds the maximum share of the global print labels market?
A5. North America is expected to hold a major share of the print label market due to more reliance on packaged products.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Print Labels Market Analysis, by Type
5.2. Pressure Sensitive Labels
5.3. In-Mold Labels
5.4. Wet-glued Labels
5.6. Multi-part Tracking Labels
6. Global Print Labels Market Analysis, by Printing Technology
7. Global Print Labels Market Analysis, by End-user Industry
7.3. Food & Beverage
7.4. Personal Care
7.7. Consumer Electronics
8. Global Print Labels Market Analysis, by Geography
8.2. North America
8.2.1. United States
8.3. South America
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. United Arab Emirates
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.2. Avery Dennison Corporation
10.3. CCL Industries
10.4. CCL Secure
10.5. Amcor PLC
10.6. Constantia Flexibles
10.7. RR Donnelley & Sons Company
10.9. Cenveo Worldwide Limited
10.10. WestRock Company
Avery Dennison Corporation
RR Donnelley & Sons Company
Cenveo Worldwide Limited
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