Press release
Digital Label Printer Market 2024: Global Growth Trends, Key Players, and Forecast
Digital Label Printer Market Growth
The new report published by The Business Research Company, titled Digital Label Printer Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the digital label printer market size has grown strongly in recent years. It will grow from $8.22 billion in 2023 to $8.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The digital label printer market size is expected to see strong growth in the next few years. It will grow to $11.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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What Is Driving The Growth Of The Global Digital Label Printer Market?
Rising Food And Beverage Demand Drives Digital Label Printer Market Growth
The increasing demand for food and beverages is expected to propel the growth of the digital label printer market going forward. Food and beverages encompass all consumable items that provide nutritional support and hydration for the body. The increasing demand for food and beverages is due to rising population, coupled with consumer preferences for ready-to-eat food, increasing premium, organic, and convenience items. Digital label printers support the food and beverage industry by providing a versatile, efficient, and cost-effective solution for creating high-quality labels that meet both regulatory requirements and marketing goals. For instance, in April 2022, according to a report shared by Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales increased from $435.3 billion in 2021 to $506 billion in 2022. Further, it is expected to reach $857 billion by 2025. Therefore, the increasing demand for food and beverages drives the digital label printer market.
What Is The Key Trend In The Global Digital Label Printer Market?
Advanced Printing Technologies To Enhance Efficiency In Labeling Solutions
Major companies operating in the digital label printer market are focused on developing advanced printing technologies such as laser-enhanced print technology(LEPx) to meet evolving industry demands for quality, customization, and efficiency in labeling solutions. Laser-enhanced print technology (LEPx) is a digital printing technology that utilizes lasers to enhance the printing process, providing high-resolution and high-quality output. For instance, in May 2022, HP Indigo, an Israel-based provider of digital printing solutions for the label and packaging industry, introduced the HP Indigo V12 Digital Press. This press utilizes the new LEPx technology, allowing it to print at speeds of 120 linear meters per minute, making it highly efficient for high-volume label production. The V12 is capable of producing high-definition prints with a resolution of 1600 dpi ( dots per inch) and supports a wide color gamut, enabling the reproduction of 97% of PANTONE colors.
How Is The Global Digital Label Printer Market Segmented?
The digital label printer market covered in this report is segmented -
1) By Type: Dye Inkjet Digital Label Press, Pigment Inkjet Label Press, Digital Laser Label Press, Other Types
2) By Ink Type: Solvent Based, Water Based, Ultraviolet (UV) Based, Other Ink Types
3) By Technology Type: Inkjet Printers, Laser Printers, Other Technology Types
4) By End-User: Food And Beverages, Personal Care And Cosmetics, Pharmaceutical, Home Care, Consumer Durables And Electronics Goods (CDEG) Industry, Other End-Users
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How Is The Competitive Landscape Of The Global Digital Label Printer Market?
Major companies operating in the digital label printer market are HP Inc., Honeywell International Inc., Canon Inc., Ricoh Company Ltd., Seiko Epson Corporation, Xerox Corporation, Brother Industries Ltd., Lexmark International Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Domino Printing Sciences PLC, Weber Packaging Solutions Inc., Heidelberger Druckmaschinen AG, Primera Technology Inc., The Imaging Systems Group Inc., Microboards Technology LLC , Dantex Group Limited, SCREEN Graphic Solutions Co Ltd., Focus Label Ltd., NeuraLabel Printing Solutions, Nilpeter A/S, Allen Datagraph Systems Inc., Valloy Inc. , Colordyne Technologies LLC
Contents Of The Global Digital Label Printer Market
1. Executive Summary
2. Digital Label Printer Market Report Structure
3. Digital Label Printer Market Trends And Strategies
4. Digital Label Printer Market - Macro Economic Scenario
5. Digital Label Printer Market Size And Growth
…..
27. Digital Label Printer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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