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How Does the Projected Market Size of the Print Label Market Compare to 2025 Levels?
The print label market size has grown steadily in recent years. It will grow from $47.04 billion in 2024 to $49.11 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increasing globalization, rising consumer awareness, e-commerce boom, regulatory compliance, increasing SKU proliferation, brand differentiation.
The print label market size is expected to see strong growth in the next few years. It will grow to $60.84 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to sustainability concerns, evolving retail landscape, rise of digital printing, global supply chain challenges, increased focus on anti-counterfeiting measures. Major trends in the forecast period include augmented reality (AR) in labeling, data integration and automation, regulatory compliance and labeling standards, customization and personalization, smart labels and RFID integration.
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What Are the Key Factors Contributing to Print Label Market Growth?
The increase in demand for manufactured goods is expected to propel the growth of the print label market going forward. Manufactured goods refer to any products created through a manufacturing process involving transforming raw materials into finished products. The print label helps fulfill the demand for manufactured goods by providing product labels, asset labels, bar code labels, shipping labels, and others. For instance, in September 2024, according to Office for National Statistics, a UK-based executive office of the UK Statistics Authority, the total value of UK manufacturers' product sales was $620.30 billion (£456.1 billion) in 2023, an increase of $23.39 billion (£17.2 billion) (3.9%) from $597.62 billion (£438.9 billion) in 2022. Therefore, the increase in demand for manufactured goods is driving the growth of the print label market.
What Are the Core Segments Shaping the Print Label Market Landscape?
The print label market covered in this report is segmented –
1) By Print Process: Offset lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography, Inkjet
2) By Raw Material: Metal Labels, Plastic Or Polymer Labels
3) By Label Format: Wet-Glue Labels, Pressure-Sensitive Labels, Linerless Labels, Multi-part Tracking Labels, In-Mold Labels, Shrink And Stretch Sleeves
4) By End-user Industries: Food, Beverage, Healthcare, Cosmetics, Household, Industrial (Automotive, Industrial Chemicals, Consumer And Non-Consumer Durables), Logistics, Other End-User Industries
Subsegments:
1) By Offset Lithography: Sheet-Fed Offset, Web-Fed Offset
2) By Gravure: Cylinder Gravure, Photogravure
3) By Flexography: Anilox Flexography, Relief Flexography
4) By Screen Printing: Manual Screen Printing, Automatic Screen Printing
5) By Letterpress: Traditional Letterpress, Digital Letterpress
6) By Electrophotography: Laser Printing, LED Printing
7) By Inkjet: Continuous Inkjet, Drop-On-Demand Inkjet
What Are the Key Industry Trends Transforming the Print Label Market?
Major companies operating in the print label market are focused on technological advancements such as IoT-enabled connectable label printers to enhance operational efficiency, streamline labeling processes, and provide greater customization options for businesses across various industries. IoT-enabled connectable label printers are advanced printing devices that leverage Internet of Things (IoT) technology to connect and communicate with other smart devices and networks. These printers allow for remote monitoring, management, and printing capabilities, enabling users to create and print labels seamlessly from various devices, thus enhancing productivity and operational efficiency in labeling tasks. For instance, in April 2024, Brother International, a US-based provider of of?ce equipment and document management solutions, launched its latest IoT-enabled connectable label printers, designed specifically for the B2B segment and large corporations, to enhance labeling efficiency and productivity across various industries. These innovative printers offer advanced features such as mobile connectivity, customizable templates, and durable laminated labels, ensuring reliability and quality for high-volume printing needs.
Which Players Dominate the Print Label Market Landscape?
Major companies operating in the print label market include Mondi Group, Multi-Color Corporation, Avery Dennison Corporation, Clondalkin Group Holdings BV, Ahlstrom-Munksjo Oyj, Cenveo Corporation, Fort Dearborn Company, Fuji Seal International Inc., Autajon Group, Brady Corporation, Constantia Flexibles Group, Ravenwood Packaging, Chesapeake Limited, 3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, R.R. Donnelley & Sons Company, WestRock Company, DuPont de Nemours Inc., CCL Industries, Aditya Polymers, Al Ghurair First LLC, Barspell Technologies India Pvt. Ltd., Cimarron Label LLC, Concept Labels and Packaging Co., Labelcraft Products Ltd., Label Impressions Inc., Label Technology Inc., Lightning Labels, MPI Label Systems, National Label Company, Resource Label Group LLC, Taylor Corporation, Consolidated Label Co., WS Packaging Group Inc.
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What Are the Regional Insights for the Print Label Market Forecast?
North America was the largest region in the print label market in 2024. Asia-Pacific is expected to be the fastest-growing region in the print label market report during the forecast period. The regions covered in the print label market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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