North America Print Label Market to Witness Growth Acceleration by Top Key Players – Fort Dearborn Company, Mondi Group, Avery Dennison Corporation, CCL Industries, Inc

Latest released, the research study on North America Print Label Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. North America Print Label Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the North America Print Label. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Fort Dearborn Company, Mondi Group, Avery Dennison Corporation, CCL Industries, Inc., etc. 

The North America Print Label Market was valued at USD 7.59 billion in 2020, and it is expected to reach USD 9.44 billion by 2026, registering a CAGR of 3.7% during the forecast period (2021-2026).

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Industry News and Updates:

- July 2020 - CCL Industries Inc. has acquired InTouch Label and Packaging Co., Inc., a specialized short-run digital label converter based near Boston, Massachusetts. The net value of the transaction, net of cash and debt, is approximately USD 10.9 million.
- September 2019 - Fort Dearborn Company made a multi-million dollar purchase of five high-performance HP Indigo labels and packaging presses. The expanded digital capacity containing both HP Indigo 20000 and 6900 digital presses will enable the company to expand production and speed delivery of digitally printed wrap-around labels, cut and stack labels, pressure-sensitive, security labels, and shrink sleeves.

Market Overview:

- The expansion of retail, growth of e-commerce, recent regulations, and the rising transition of existing players to digital packaging is expected to facilitate the development of the Print Labels Market in Canada. It is likely that an additional 5.21 million users would be shopping online by 2021, according to data released by export.gov. According to StatCan, with the outbreak of COVID-19, the e-commerce retail trade sales accounted for CAD 3.4 billion in April 2020, which is an increase of 56% compared in March 2020. This is expected to create a considerable demand for labels. Additionally, Amazon launched its transparency program to serialize products sold on its platform with a T-shaped QR-style tag to identify counterfeit items.

- Web sales are up significantly year over year as the widespread coronavirus still keeps many shoppers at home and away from physical stores. However, online spending is tapering, according to new research from Adobe Analytics. Adobe Analytics reported that while total United States online sales reached USD 73.2 billion in June 2020, up 76.2% compared with USD 41.5 billion in 2019, online spending is down 11.3% from May's USD 82.5 million. Daily online grocery sales fell 18% in June 2020 compared with May 2020 as consumers returned to brick-and-mortar stores in reopened states. However, the significant increase in online sales in 2020 compared to 2019 is expected to impact the print labels in the region positively.

United States is Expected to Hold Major Share

- The United States Print Labels Market has been experiencing consolidation due to the reduced profit margins, shorter lead times, and converters having trouble finding skilled workers to operate their respective presses. The market is also experiencing a renewed focus from the European players who want to leverage the growth potential that the labels market of the country offers. The label manufacturers in the US experience most of the demand from the food and beverage segments. For instance, Ritrama has developed a new matt effect polyethylene film codenamed PE Smart Matt, explicitly designed to create high-impact labels for the food, beverage, and personal care sectors. The considerable growth of private label beverage sales is expected to impact the market positively.
- The manufacturers of the print label in the region are also focusing on sustainability. US-based film manufacturer, Virtual Graphics, in December 2019, has announced a chemical-free direct thermal label technology RevealPrint that is environmentally friendly and compatible with any barcode software and thermal printers. Due to a lot of innovation by a prominent player in the region, the market is getting volatile. For instance, Digimarc, a company based in Beaverton, Oregon, launched the Digimarc Platform featuring the Digimarc Barcode, which is a method to enhance objects and media of all kinds, including printed products, with a digital watermark that's invisible to the human eye, but can be detected by smartphones, computers and barcode scanners.
- In January 2020, Epson America, Inc. introduced the new TM-L90II LFC thermal label printer at the NRF 2020 Retail's Big Show. The TM-L90II LFC is a flexible label printer that supports 40-, 58- and 80mm full media for flexible printing options. Replacing the TM-L90 Plus LFC models, this flexible and adaptable thermal label printer supports liner-free printing and receipt printing and features a back-feed functionality and label-taken sensor. It enables merchants in the QSR and fast-casual segments to fastly print order details and add appropriate labels to orders. So, foodservice operators can ensure that the correct order is delivered to the right consumer. It benefits retailers and hospitality merchants alike in improving order accuracy and efficiencies.

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