Print Label Global Market Estimated to Surge at a CAGR of 4.9% to Reach $57.32 Billion By 2028 | Mondi Group, Cenveo Corporation, Fort Dearborn Company, Fuji Seal International Inc., Autajon Group

The Print Label by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Print Label, the print label market size has grown strongly in recent years. It will grow from $44.8 billion in 2023 to $47.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing globalization, rising consumer awareness, e-commerce boom, regulatory compliance, increasing sku proliferation, brand differentiation.

The print label market size is expected to see steady growth in the next few years. It will grow to $57.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability concerns, evolving retail landscape, rise of digital printing, global supply chain challenges, increased focus on anti-counterfeiting measures. Major trends in the forecast period include augmented reality (ar) in labeling, data integration and automation, regulatory compliance and labeling standards, customization and personalization, smart labels and rfid integration.

The increase in demand for manufactured goods is expected to propel the growth of the print label market going forward. Manufactured goods refer to any products created through a manufacturing process involving transforming raw materials into finished products. The print label helps fulfill the demand for manufactured goods by providing product labels, asset labels, bar code labels, shipping labels, and others. For instance, in August 2022, according to the report shared by Eurostat, a Luxembourg-based statistical office of the European Union, in comparison to 2020, the production of manufactured goods increased by 8% in 2021. In nominal terms, the value of sold production in the EU increased by 14% from $5,071.90 billion (€4,581 billion) in 2020 to $5,767.29 billion (€5,209 billion) in 2021. Therefore, the increase in demand for manufactured goods is driving the growth of the print label market.

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The print label market covered in this report is segmented –
1) By Print Process: Offset lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography, Inkjet
2) By Raw Material: Metal Labels, Plastic Or Polymer Labels
3) By Label Format: Wet-Glue Labels, Pressure-Sensitive Labels, Linerless Labels, Multi-part Tracking Labels, In-Mold Labels, Shrink And Stretch Sleeves
4) By End-user Industries: Food, Beverage, Healthcare, Cosmetics, Househlod, Industrial (Automotive, Industrial Chemicals, Consumer and Non-Consumer Durables), Logistics, Other End-User Industries

Technological advancements are a key trend gaining popularity in the print label market. Companies operating in the print label market are adopting new technologies to sustain their position in the market. For instance, in February 2021, Xeikon B.V., a Netherlands-based provider of digital printing solutions for labels and packaging, launched two new digital label presses, the Xeikon CX30 and Xeikon CX50. These new presses, which are based on Cheetah 2.0 technology with new-generation interfaces and cloud connectivity and built on its sixth-generation platform, are intended to provide the highest level of equipment effectiveness possible. The two new presses from Xeikon were created and built to work with any label printer using ‘medium capacity’, which is defined as 20,000–40,000 square meters, or 30,000–55,001 MSI in all end-use segments. According to the manufacturer, the press shines particularly in the pharmaceutical, food, and wine and spirits label sectors. The foundation of Cheetah 2.0 technology is the scalable press architecture from Xeikon, which features a full rotary process with five print stations and a customizable repeat length.

The print label market report table of contents includes:
1. Executive Summary