As per GMI Research latest report the print label market is projected to grow at a CAGR of 4.1% by 2029.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing digital print technology, along with the growing adoption of print labels, are the two major factors that are contributing to the growth of the global print label market share. The flexibility and versatility, along with the high graphics standards offered by the print label, is further driving the market growth. In addition to this, the rising demand for manufactured goods and the growing disposable income of the consumers are encouraging the consumers to opt for products with proper print labels. Digital technology has helped organizations in designing labels with an aim to surge more demand from potential customers. The integration of digital technology with the existing label printing technologies has surged the demand for print labels over the coming years. Various players in the market are emphasizing expanding their sales and distribution channels. In 2019, Xeikon started its own innovation center in Shanghai to meet the growing demand from Chinese consumers. Through this expansion, the facility will allow the visitors and customers to test different applications and options for new revenue streams and business growth.

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Label Format – Segment Analysis

Based on the label format, the wet-glue labels segment is projected to grow at a higher CAGR during the forecast period. The wet-blue label is one of the oldest technologies which is used for labeling as it only applies glues when it is used. Other benefits such as highly economical, give a variety of finishes, and the ability to use renewable raw materials are further propelling the growth of the print label market size.

End-User – Segment Analysis

Based on the end-user, the food segment is expected to witness a faster CAGR during the forecast period. This is mainly attributed to the increasing demand for packaged food products around the world. The proper packaging of the food products offers better food quality, more safety and extends the shelf life of the product. As per the Federation of Indian Chambers of Commerce & Industry (FICCI), the total expenditure of the packaged food products is increasing mainly due to the rising per capita income, urbanization, and the surge in the number of working women population. Moreover, there has been an increase in the penetration of modern retail trade outlets including supermarkets and convenience store, which offers various frozen food products. According to the Organization for Economic Co-operation and Development (OCED), the overall sales of frozen and packaged food products has surged, and the sales of personalized packaged food products have increased by 56% as compared to last year in Germany.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to grow at a higher CAGR during the forecast period. The increasing application of print labels such as in cosmetics, food and medical care sectors, especially in China is a major factor that is responsible for the growth of the market. Moreover, the growing adoption of efficient and better-performing technologies to produce high-quality products has surged propelled the demand for print labels over the coming years.

Top Market Players

Various notable players operating in the market, include Fort Dearborn Company, Multi-Color Corporation, Mondi, Ahlstrom-Munksjö, Autajon, Avery Dennison Corporation, CCL Industries, WestRock Company, CLONDALKIN GROUP, and Cenveo Worldwide Limited, among others.

Key Developments:

• • In 2021, Fort Dearborn Company acquired Hammer Packaging Corporation with an aim to improve its position in the decorative label and packaging marketplace. Through this acquisition, both the companies will offer a higher level of product and services to their customers.
  • In 2021, Multi-Color Corporation acquired Herrods, one of the leading providers of in-mold label (IML) solutions in Australia and New Zealand.
  • In 2017, WestRock Company acquired Multi Packaging Solutions (MPS), one of the leading player which offers differentiated product offering such as premium folding cartons, inserts, labels, among others.

Segments covered in the Report:

The global Print Label market has been segmented on the basis of Print Process, Label Format, End-User, and regions. Based on Print Process, the market is segmented into Offset lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography, and Inkjet. Based on Label Format, the market is segmented into Wet-glue labels, Pressure-sensitive labels, Linerless labels, Multi-part tracking labels, In-mold labels, and Sleeves. Based on End-User, the market is segmented into Food, Beverage, Healthcare, Cosmetics, Household, Industrial, Logistics, and Others.

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Key questions answered in this research report:

• • At what pace is global Print Label market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Print Label market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Print Label market?
  • Which Print Process generated maximum revenues in 2021 and identify the most promising Print Process during the forecast period?
  • What are the various Label Format areas of global Print Label market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Print Label Market by Print Process

• • Offset lithography
  • Gravure
  • Flexography
  • Screen
  • Letterpress
  • Electrophotography
  • Inkjet

Global Print Label Market by Label Format

• • Wet-glue labels
  • Pressure-sensitive labels
  • Linerless labels
  • Multi-part tracking labels
  • In-mold labels
  • Sleeves

Global Print Label Market by End-User

• • Food
  • Beverage
  • Healthcare
  • Cosmetics
  • Household
  • Industrial
  • Logistics
  • Others

Global Print Label Market by Region

• • North America Print Label Market (Option 1: As a part of the free 25% customization)
    • By Print Process
    • By Label Format
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Print Label Market (Option 2: As a part of the free 25% customization)
    • By Print Process
    • By Label Format
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Print Label Market (Option 3: As a part of the free 25% customization)
    • By Print Process
    • By Label Format
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Print Label Market (Option 4: As a part of the free 25% customization)
    • By Print Process
    • By Label Format
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Print Label (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Fort Dearborn Company
  • Multi-Color Corporation
  • Mondi
  • Ahlstrom-Munksjö
  • Autajon
  • Avery Dennison Corporation
  • CCL Industries
  • WestRock Company
  • CLONDALKIN GROUP
  • Cenveo Worldwide Limited