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print label market is estimated to increase at a CAGR of 4.1% during the forecast period, 2022-2029 | Size, Share, Growth, Trends & Forecast
print label market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/print-label-market-analysis-industry-research/
The factors driving the growth of Print Label Market includes rising demand for packaged food, rapid growth in the e-commerce sector, Government policies regarding incorporation of informative labels as per the guidelines in the FMCG industry and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing penetration of modern retail trade outlets, such as supermarkets and convenience stores and rapid urbanization, are some of the additional factors supplementing the Print Label Market size. In addition, the increasing investments by major corporations on research and development, rising disposable incomes, strategic mergers and collaborations between industry players and growing population growth rates, are further contributing towards the market growth.
However, growth of the Linear Print Label Market is hindered due to variations in the prices of raw materials.
The leading players operating in the market are Bosch Rexroth AG, SCHNEEBERGER Holding AG, Hiwin Corporation, Rockwell Automation Inc., The Timken Company, NSK Ltd., Thomson Industries, Inc., Nippon Thompson Co. Ltd., THK Co., Ltd., and Robert Bosch GmbH, and others.
Based on Label Format, the Wet-glue labels segment is predicted to grow at a significant CAGR during the forecast period
Wet-glue labels are cost-effective, provides greater variety of finishes and is increasingly used for renewing raw materials, are some of the features pushing Global Print Label Market.
Based on End-User, the Food segment is projected to grow at a robust CAGR over the forecast period
Growing demand for packaged food products owing to their extended shelf life, rising penetration of supermarkets and convenience stores, and increasing popularity of frozen food products, are propelling segment's growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Increasing demand for frozen food products across India, China, and Indonesia, rising adoption of advanced technologies by manufacturers, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
In 2021, Fort Dearborn Company completed the acquisition of Hammer Packaging Corporation with an aim to improve its position in the decorative label and packaging marketplace. Through this acquisition, both the companies will offer a higher level of product and services to their customers.
In 2021, Multi-Color Corporation completed the acquisition of Herrods, one of the leading providers of in-mold label (IML) solutions in Australia and New Zealand.
Market Segmentation
Segmentation by Print Process
Offset lithography
Gravure
Flexography
Screen
Letterpress
Electrophotography
Inkjet
Segmentation by Label Format
Wet-glue labels
Pressure-sensitive labels
Linerless labels
Multi-part tracking labels
In-mold labels
Sleeves
Segmentation by End-User
Food
Beverage
Healthcare
Cosmetics
Household
Industrial
Logistics
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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