Overview and Scope
Label printing refers to the process of producing labels with information, graphics and images on them that provide information such as product name, description, price, barcode, or other relevant data.
Sizing and Forecast
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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Segmentation & Regional Insights
The label printing market covered in this report is segmented –
1) By Type: Branding Labels, Weatherproof Labels, Equipment Asset Labels, Warning or Security Labels, Other Types
2) By Raw Materials: Plastic Or Polymer Labels, Metal Labels
3) By Nature: Permanent, Repositionable, Removable
4) By Mechanism: Pressure Sensitive Labeling, Glue Applied Labeling, Heat Transfer, Other Mechanisms
5) By End User Industry: Consumer Durables, Transportation and Logistics, Automotive, Other End Users
North America was the largest region in the label printing market in 2023. The regions covered in the label printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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
Key Industry Players
Major companies operating in the label printing market undergoing partnerships to drive revenues in the market. Partnerships often foster innovation by combining the expertise of different entities. This partnership allows users to easily print their labels and nutrition facts, integrating Avery’s robust printing solutions with ReciPal’s intuitive label generating software. For instance, in October 2023, Avery, a US-based printing company that manufactures and distributes pressure-sensitive adhesive materials partnered with ReciPal, a US-based based label software company. The partnership involves teaming up to streamline the journey for food entrepreneurs. This partnership allows users to easily print their labels and nutrition facts, integrating Avery’s robust printing solutions with ReciPal’s intuitive label generating software.
The label printing market report table of contents includes:
1. Executive Summary
2. Label Printing Market Characteristics
3. Label Printing Market Trends And Strategies
4. Label Printing Market – Macro Economic Scenario
5. Global Label Printing Market Size and Growth
…..
31. Global Label Printing Market Competitive Benchmarking
32. Global Label Printing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Label Printing Market
34. Label Printing Market Future Outlook and Potential Analysis
35. Appendix
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