Press release
Global Label Printing Market Comprehensive Study: Forecasted Market Size And Growth Rate | Dunmore Ltd., H B Fuller Company, Henkel AG & Co KGaA, Fuji Seal International Inc., Cenveo Worldwide Limited
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2448The Business Research Company offers in-depth market insights through Label Printing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The label printing market size has grown strongly in recent years. It will grow from $46.14 billion in 2023 to $49.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in packaging industry, brand recognition and marketing, regulatory compliance, consumer preferences and information, product differentiation..
The label printing market size is expected to see strong growth in the next few years. It will grow to $64.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to e-commerce growth, sustainability initiatives, personalized packaging, globalization of brands, technological integration.. Major trends in the forecast period include personalization and variable data printing, expansion of digital color label printing, introduction of anti-counterfeit features in labels, customization for craft and artisanal products, enhanced label durability and weather resistance..
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Market Segmentation:
The label printing market covered in this report is segmented -
1) By Type: Branding Labels, Weatherproof Labels, Equipment Asset Labels, Warning or Security Labels, Other Types
2) By Raw Materials: Plastic Or Polymer Labels, Metal Labels
3) By Nature: Permanent, Repositionable, Removable
4) By Mechanism: Pressure Sensitive Labeling, Glue Applied Labeling, Heat Transfer, Other Mechanisms
5) By End User Industry: Consumer Durables, Transportation and Logistics, Automotive, Other End Users
Major Driver - E-Commerce Boom Sparks Surge In Label Printing Market Riding The Wave Of Online Retail Growth
The growth in e-commerce is expected to propel the growth of the label printing market going forward. E-commerce refers to buying and selling goods or services over the Internet through electronic means, such as websites, mobile apps, or online marketplaces. The growth in e-commerce has resulted from increasing internet and mobile device usage, improvements in website design and user experience, greater availability of online payment options, and the convenience of being able to shop or conduct transactions from anywhere at any time. Label printing helps growth in e-commerce by providing product labeling, shipping, and handling labels, inventory management, and order tracking and fulfilment. For instance, in February 2023, according to Digital Commerce 360, a US-based e-commerce intelligence portal, in 2022, e-commerce sales have increased by 7.7%, and US e-commerce sales reached $1.03 trillion in 2022, passing the bar of $1 trillion for the first time. Therefore, the growth of e-commerce is driving the growth of the label printing
Competitive Landscape:
Major companies operating in the label printing market report are Dunmore Ltd., H B Fuller Company, Henkel AG & Co KGaA, Fuji Seal International Inc., Cenveo Worldwide Limited, Brady Worldwide Inc., R.R. Donnelley & Sons Company, WestRock Company, 3M, Avery Dennison Corporation, Mondi plc, Constantia Flexibles, Ahlstrom-Munksjo Oyj, DuPont de Nemours Inc., CCL Industries Inc., Multi-Color Corporation, Autajon Group, UPM Raflatac, Coveris Holdings S.A., Inland Label & Marketing Services LLC, WS Packaging Group Inc., Labelcraft Products Ltd., Resource Label Group LLC, Advanced Labels NW, Consolidated Label Co., Fort Dearborn Company, Hammer Packaging Corp., Label Art of California Inc., Label Concepts Inc., Label Crafters Inc., Label Graphics Manufacturing Inc., Label House Group Ltd., Label Impressions Inc., Label Makers Inc., Label Print America, Label Products Inc., Label Solutions Inc., Label Source, Label Technology Inc., Label Works, Label World Ltd., Label-Aid Systems Inc., AWT Company, MCC Label .
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Top Trend - Innovative Technological Leap In Label Printing Embracing Digital And Inkjet Precision
Technological advancements are a key trend gaining popularity in the label printing market. Companies operating in the label printing market are adopting new technologies, such as digital and inkjet printing, to sustain their position in the market. Digital printing is a printing method that involves printing digital images directly onto various media, including paper, plastics, textiles, and metals, using digital printing presses or specialized printers. Whereas inkjet printing is a kind of digital printing that uses inkjet technology to print images onto a variety of media. Inkjet printers use small droplets of ink that are sprayed onto the printing surface to create the image. For instance, in August 2022, Gallus Holding AG, a Switzerland-based label printing manufacturer, launched the Gallus One press for digital label printing, which is a hybrid inline printing machine. This press is 340 mm wide and a roll-to-roll UV inkjet digital inline label press which can run at a maximum speed of 70 meters per minute or 1,200 dpi in four colors and white. This press also provides complimentary service within a traditional analog operation and automation features for efficiency in digital printing.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Label Printing Market Characteristics
3. Label Printing Market Trends And Strategies
4. Label Printing Market - Macro Economic Scenario
5. Label Printing Market Size And Growth
…..
27. Label Printing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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