Freezer Label Market: Projected to Surpass US$ 3.4 Billion by 2032, Riding the 5.5% CAGR Wave

Introduction

Freezer labels might seem like a simple addition to frozen products, but they serve a crucial purpose. They not only provide essential information but also enhance brand recognition and product appeal. In this comprehensive guide, we'll delve deep into the world of freezer labels, covering everything from their importance to the latest market trends.

Freezer Label Market Overview

What Are Freezer Labels?

Freezer labels are specially designed adhesive labels that withstand extremely low temperatures. They are used to mark and identify frozen products such as food items and medical supplies.

In 2022, the global freezer label market is poised to hit a valuation of US$ 2.0 billion, and over the course of the forecast period spanning from 2022 to 2032, it is expected to grow at a steady 5.5% CAGR, ultimately reaching US$ 3.4 billion by 2032

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Competitive Landscape: Freezer Label Market

1. HERMA Labels,
2. AVERY,
3. Label Specialties,
4. GA INTERNATIONAL,
5. LABELNET,
6. CCL Industries Inc.,
7. Trion Industries, Inc.

are some of the key players operating in the global freezer label market. Also, some of the noticeable players operating in the freezer label market are

1. Tailored Label Products Inc.,
2. Nadco Tapes and Labels, Inc.,
3. Innovate Graphics,
4. UltraTape,
5. Guardian Packaging and Supply,
6. Compliance Labelling Solution,
7. A M Labels,
8. MD Labels,
9. MHS ECO FRIENDLY LTD, and
10. others.

Freezer labels help to avoid drug and vaccine loss due to their various properties. Hot melt adhesives have high surface durability and it can stick quickly to the product. They have excellent cold-temperature performance and good processability.

As freezer labels and hot melt adhesives have good chemical bonding, they help to sustain the labels for a longer time in refrigerator. Consumers and manufacturers are focusing on drug and vaccine loss. Overall, the rising demand for vaccines and drugs is projected to boost sales of freezer labels across the globe.

Key Takeaways from Freezer Label Market

1. By substrate, the paper segment is expected to hold around 43.3% of the freezer label market share by the end of 2022.
2. By application, the food & beverages segment is projected to offer an incremental opportunity of US$ 475 Million between 2022 and 2032.
3. The U.S. freezer label market is estimated to create an incremental growth opportunity of US$ 281 Million during 2022-2032.
4. India freezer label market is estimated to grow at a prolific rate of 5.9% CAGR in the forecast period.
5. The global freezer label market witnessed a CAGR of 4.4% during the historical period from 2015 to 2021.

"Continuously growing food & beverage and food service industries are projected to drive the demand for freezer labels. This is mainly attributed to the practice of keeping several food products in cold storage for persevering and maintaining their quality." - says an FMI analyst 

Packaging of products plays a crucial role in the food industry and improper unboxing makes the food products unattractive. Chilled food products kept for -40ºC to 8ºC need proper labeling as each product indicates the brand and logo with essential details. Apart from appearance, chilled food products are kept in cold storage for a longer duration and during transportation of the product, the product should be packaged and sealed properly to avoid food loss.

Various research institutes are volatile and constantly developing & launching new innovative products such as reagents and blood samples. Researchers require specific details of samples that are kept under observation, and these essential details are mentioned through labeling.

Some of the samples are kept in a deep freezer for monitoring various changes of the sample and to verify the right sample between several of them. Thus, the freezer label is essential for differentiating purposes based on the details mentioned on these samples.

Get Exclusive Insights into Freezer Label Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global freezer label market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the freezer label based on the substrate (paper, films and foils), adhesive type (hot melt, water based and acrylic), and application (food & beverage, cosmetics, pharmaceutical, manufacturing and transportation) across seven regions.

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Freezer Label Market Outlook by Category

By Substrate:

         Paper
         Films
         Foil

By Adhesive Type:

         Hot-melt
         Water-Based
         Acrylic

By Application:

         Food & Beverage
         Cosmetics
         Pharmaceutical
         Manufacturing
         Transportation

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.