PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1391997
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1391997
Global die cut label market is expected to be valued at US$ 162.4 Mn in 2023, and is expected to reach US$ 213.7 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 4% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 162.4 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 4.00% | 2030 Value Projection: | US$ 213.7 Mn |
Die cut labels are versatile and popular labeling solutions that are used in various industries and applications. These labels are meticulously crafted using specialized machinery to achieve intricate shapes and designs, and thus, making these standout and capture attention. The process involves cutting labels from sheets of material with precision, resulting in clean edges and a professional appearance. Die cut labels are commonly used for branding, product packaging, and organizational purposes. These can be customized to suit specific requirements, allowing businesses to showcase their logo, product information, or promotional messages effectively. With their adhesive backing, die cut labels are easy to apply on different surfaces, such as bottles, boxes, and containers. Global die cut label market has been witnessing steady growth over the past few years. A die cut label is a pre-printed sticker or label that has had portions of the backing material removed by die cutting to provide it a distinctive shape or design. These are commonly used in food & beverage, consumer durables, home & personal care, pharmaceuticals, and retail industries for product identification and enhancement of visual appeal. Increasing demand for flexible packaging from consumer goods industries along with growing e-commerce sectors globally are major factors driving the growth of die cut label market. However, availability of alternative labeling solutions and fluctuations in raw material prices may hamper the market growth.
Increasing demand for customization, growing emphasis on product packaging and labeling, regulatory compliance and industry standards is anticipated to drive growth of the global die cut label market over the forecast period. Moreover, technological advancements in printing is also expected to boost the growth of the global die cut label market over the forecast period. Expansion in emerging markets, sustainability and eco-friendly solutions, innovative labeling solutions, personalization and mass customization are expected to create growth opportunities for the global die cut label market during the forecast period.
However, cost considerations, limited material options, production complexity and lead times are expected to hamper growth of the global die cut label market over the forecast period.