Label Printing Market 2024 - By Growth Rat, Share, Analysis, Outlook and Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Label Printing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 Drivers and Trends:

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

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.

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Major Key Players of the Market:

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

Label Printing Market 2024 Key Insights:

• The label printing market will grow to $64.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• E-Commerce Boom Sparks Surge In Label Printing Market Riding The Wave Of Online Retail Growth
• Innovative Technological Leap In Label Printing Embracing Digital And Inkjet Precision
• North America was the largest region in the label printing market in 2023

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