Print Label Market Current Scene and Strategic Outlook 2024 - 2031 | Fort Dearborn, Multi Color Corporation

Market Overview:

The global print label market is estimated to be valued at USD 51.13 Bn in 2024 and is expected to reach USD 68.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

Market Dynamics:

The growing e-commerce industry has been a key driver of growth in the print label market. With more people shopping online, there has been a rise in shipping and logistics. Print labels help ensure efficient sorting and delivery of packages. Another driver has been the demand for flexible packaging from the food & beverage industry. Print labels allow innovative and customizable packaging designs that attract consumers. Regulations mandating nutritional labeling have also augmented the need for print labels in the industry. Features like product serialization and tracking are pushing producers to use more advanced print label technologies for supply chain management.

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Major Drivers of Growth in the Print Label Market

Rising Demand for Product Differentiation Through Packaging and Labelling

In today's competitive landscape, packaging and labelling play a crucial role in differentiating a company's products from that of its competitors. Print labels allow brands to showcase important details like ingredients, nutritional information, directions for use, expiry dates, price, unique selling propositions and more in an eye-catching manner. This helps them attract more customers and increase sales. As companies across industries focus more on providing a unique and memorable customer experience through creative product labels, the demand for print labels is expected to rise significantly.

Major Opportunity for the Print Label Market

Growing E-commerce Industry Needs

The phenomenal growth of the e-commerce industry worldwide presents a massive opportunity for print label manufacturers. Online retailers require labels for product and shipping packages to identify contents, destination addresses, return/exchange policies, barcode symbologies and more. As the number of daily shipping orders for e-tailers runs in thousands, there exists a sustained demand for high-volume label printing. E-commerce players also experiment with advanced labels like temperature control indicators for perishables, anti-counterfeiting holographic labels etc. to enhance customer experience. With predictions that global B2C e-commerce sales will double by 2022, print labels are expected to play a strategic role in supporting the logistical and packaging requirements of online retailers. This offers significant opportunity to scale up production and expand product portfolio.

Major Trend in the Print Label Market

Personalization and Versioning using Automation

Digital printing technologies coupled with data analytics enable on-demand personalization of product labels. Automated workflow processes make it feasible to economically produce high variety, low volume print jobs. Companies have started customizing labels based on customer attributes, their online browsing history and past purchases. Examples include displaying recommended products, personalized discount coupons, reviews by other buyers with similar profiles etc. Product labels can also be versioned based on geography, language preferences, brand associations and other factors. This trend of personalized, data-driven and automated label manufacturing aligns well with the dynamic needs of online retailers. It is expected to drive higher uptake of digital print technologies and software solutions within label printing industry.

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Top Companies Included in This Report:

• Fort Dearborn
• Multi Color Corporation
• Mondi Group
• Ahlstrom-munksjö Oyj
• Autajon Group
• Avery Dennison Corporation
• CCL Industries Inc.
• Multi Packaging Solutions (Westrock Company)
• Clondalkin Group Holdings BV
• Cenveo Corporation
• Brady Corporation
• Fuji Seal International Inc.
• Constantia Flexibles Group GmbH
• R.R. Donnelley & Sons Company
• 3M Company
• Taylor Corporation
• Huhtamaki OYJ
• Taghleef Industries Inc.
• Ravenwood Packaging
• Coveris

Market Segmentation:

Based on Product Type:

• By Label Format: Wet-glue Labels , Pressure-sensitive Labels , Linerless Labels , Multi-part Tracking Labels , and Others
• By Print Process: Offset , lithography , Gravure , Flexography , Screen , Letterpress , Electrophotography Inkjet , and Others
• By End-User Industry: Food & Beverages , Healthcare , Cosmetics , Household , Industrial , Logistics , and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Latest Trends in the Navigation Print Label Market:

💡 Surging Demand: Witness a rising demand for navigation Print Label owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Print Label, encompassing real-time traffic updates, 3D mapping, and augmented reality.

💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Print Label solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.

💡 Fusion with Emerging Technologies: Observe the integration of navigation Print Label with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.

💡 Rise of Mobile Applications: Experience the proliferation of navigation Print Label in the form of mobile applications, offering enhanced convenience and accessibility to users.

💡 Emphasis on Environmental Sustainability: Witness the development of navigation Print Label systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.

Frequently Asked Questions (FAQs) for Global Navigation Print Label Market Research:

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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