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Label Color Printing Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033
Label Color Printing Market Share
As per the report, the label color printing market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The label color printing market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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The Surge In Product Customization Elevates The Label Color Printing Market
The rise in product customization is expected to propel the growth of the label color printing market going forward. Product customization refers to creating products or services that are tailored to meet the specific needs or preferences of individual customers. This shift has resulted from a rise in the need for personalized experiences for customers. Label color printing allows companies to create custom product labels that are tailored to the unique needs and preferences of individual customers. For instance, in January 2022, according to QPMarketNetwork, an online store selling custom print-on-demand products, more than 30% of customers demanded for customized products and are willing to pay 20% more price for these customizations. The businesses are experiencing a rise in conversion rates by 200% due to product customizations. Therefore, the rise in product customization is driving the growth of the label color printing market.
Technological Advancements Propel Growth In The Label Color Printing Market
Technological advancements are a key trend gaining popularity in the label color printing market. Companies operating in the label color printing market are adopting new technologies to sustain their position in the market. 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 is capable of running at a maximum speed of 70-meters per minute or 1,200 dpi in four colors plus white. This press also provides complimentary service within a traditional analog operation and automation features for efficiency in digital printing.
The label color printing market covered in this report is segmented -
1) By Type: Laser Printers, Inkjet Printers, Other Types
2) By Technique: Flexographic Label Printing, Gravure Label Printing, Screen Printing, Digital Label Printing
3) By Application: Food Labels, Beverages Labels, Cosmetics, Pharmaceutical Labels, Retail Products
4) By End User Industry: Fast-Moving Consumer Goods (FMCG), Retail, Packaging, Personal Care, Pharmaceutical, Other End User Industries
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Major companies operating in the label color printing market report are Afinia Label, Epson Corporation, VIPColor Technologies Pte. Ltd., Primera Technology, Canon Inc., Addmaster Corporation, Avery Dennison Corporation, HP Development Company L.P., Toshiba Corporation, Zebra Technologies Corporation, Clayton Dubilier & Rice Inc., Brother Industries Ltd., Lexmark International Inc., Cab Produkttechnik GmbH & Co. KG, Dell Inc., Brady Corporation, Westrock Company, Brandmark Inc., OMNI Systems Inc., Blue Label Packaging Company, Flexo Partners Inc., IMS Inc., Resource Label Group, C-P Flexible Packaging, Traco Packaging, Derksen Co., Multi-Color Corporation, Xerox Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holdings S.A., Fuji Seal International Inc., Huhtamaki Oyj, Mondi Group, Multi Packaging Solutions International Limited, R.R. Donnelley & Sons Company
Contents of the report:
1. Executive Summary
2. Label Color Printing Market Report Structure
3. Label Color Printing Market Trends And Strategies
4. Label Color Printing Market - Macro Economic Scenario
5. Label Color Printing Market Size And Growth
…..
27. Label Color Printing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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