360 MARKET UPDATES Report provides a 360-degree overview of the global Print Label Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Print Label Market – Segmented by Technology (Offset, Flexography, Rotogravure), Type (Wet-glued Label, Pressure-sensitive or Self-adhesive Labels, Linerless Label), End-User, and Region – Growth, Trends and Forecast (2018 – 2023)”
Global “Print Label Market” is expected to register a CAGR of approximately 5.14% during the forecast period of (2018 – 2023). Also, Print Label Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Print Label Analysis.
Print Label market Report provides a 360-degree overview of the global Print Label market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Print Label Market Report Covers Leading Manufacturers: Fort Dearborn, Mondi Group, MunksjÃ¶ Group, Autajon Group, Avery Dennison, Ccl Industries, Chesapeake Limited, Clondalkin Group, Cenveo Inc., Brady Corporation, Fuji Seal International Inc., Constantia Flexibles Group, Bemis Company Inc., Rr Donnelley, 3M, Taylor Corporation
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The print label market was valued at USD 38.972 billion in 2017 and is expected to reach a value of USD 53.782 billion by 2023 at a CAGR of 5.14% over the forecast period of 2018â2023. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Print labels are the primary source of communication between a company and its customers. Labels contribute majorly to how a consumer perceives a particular product, while looking at a product label and how much of an impact it makes on the consumerâs mind. The evolution of print technology and advancements in technology are leading to the reduction in cost and are the major factors driving the market. Factors, like the increasing demand for manufactured goods and an upsurge in the disposable income of people worldwide, will impel the prospects for market growth, until the end of the forecast period. Moreover, the integration of digital technology with the existing label printing technique is bound to bring a huge change to all the small-scale as well as large-scale sectors, improving the overall market. For instance, Heinekenâs âDesign Your Own Heinekenâ campaign involved the use of this technology that enables the customers to design their beer bottle cover or sleeve. Furthermore, an aging population, growing income disparity, and busier lifestyles have generated interest in health & wellness and convenience-oriented food products. These developments have fostered the trends of product premiumization and value consciousness which subsequently results in the growth of print labels.
Evolution of Digital Print Technology will Drive the Market
The rapid ascension of digital print technology has made the print labels market more sophisticated and increased the adoption of print labels globally. Their versatility and flexibility, combined with the high graphics standards are the key growth features. This technology can print on any kind of material such as film, paper, and metal substances. The digital print technology made the process of printing package labels faster, as this method does not require the use of printing plates and press set-up material. The high-resolution display of digital labels makes the print labels easier to read.
A major trend observed in the print label industry is the proliferation of stock keeping units that fragment long print runs into several shorter runs. Digital printing is gaining prominence with its ability to print short runs with minimal downtime. With the evolution of new digital technologies such as UV inkjet and water-based inkjet, digital print technology is becoming advanced and is propelling the digital printing growth, which, in turn, is driving the print labels market.
FMCG will Witness a Rise in the Demand for Print Labels
Labeling is an indispensable part of marketing, which impact and profoundly influences consumer buying behavior. With the expanding pool brand choices in FMCG, brand managers and designers are searching for ways to catch customers. Increasing demand for personal care products and food & beverage is expected to drive consumption of FMCG products. Increasingly, consumers are curious about information about their health, safety, environmental and socioeconomic characteristic of food products. Manufacturers are using labeling to provide this kind of information. The beverage industry is witnessing a growing trend of print labeling owing to personalization. Moreover, wine brands spend less on advertising than other beverages, so labeling is acting as the crucial element at the point of purchase.
In addition, accelerating e-commerce with an expanding penetration of the internet and smartphone has augmented the growth of the print label market. Manufacturers are continually looking for new ways to present their products and create new identities for their brand. This demand forces new labeling technologies to develop and expand continuously.
Asia-Pacific Accounted for the Largest Share in the Market
Asia-Pacific is home to the largest population in the world. The Chinese economy has been growing rapidly from the turn of the century, government regulations allowing foreign firms to invest heavily, and the need for brand recognition among the large consumer-base has led advertising to reach a new high in the country. The major applications for the print label in the Asia-Pacific region are in cosmetics, food, and medical care, which has a huge demand due to the large population in the region. Consumers prefer high-quality food & beverage, encouraging the growth of packaged food & beverage in the region. In 2016, the sales value of total packaged food in the Indian food market amounted to about USD 50.78 billion. Further, South Koreaâs packaged food market is ranked 15th largest in the world. The packaged food market is fairly concentrated, with major South Korean manufacturers controlling significant portions of their respective sub-sectors. Hypermarkets and supermarkets distribute the vast majority of packaged food and compete against brand names with their own private labels.
This enables retailers to expand their private labels to attract more customers thus, positively contributing to the growth of the print label market. Moreover, the retail market in Malaysia is anticipated to grow over the forecast period owing to increasing tourist influx, higher disposable incomes, and government initiatives to expand the retail sector.
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Reasons to Purchase Print Label Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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