Global Print Labels Market - Forecasts from 2022 to 2027

The global print labels market is expected to grow at a CAGR of 4.84%, to reach a market size of US$57.808 billion in 2027 from US$41.521 billion in 2020.

A print label on the container or packet contains information about the product that will be distributed to existing and potential customers.

It is a branding tool used by companies to distinguish their products from those of their competitors. Several regulatory authorities across industries have established their guidelines as to what all information has to be provided to the customers on the label of the product. For instance, manufacturing and expiry dates are to be disclosed on food products, directions to use are to be disclosed for electrical appliances, etc. With escalating advancements and innovations in printing technologies, this industry is expected to witness high growth rates. Growing health awareness among people across the globe due to the rise in adulterated goods is one of the major reasons why the print label market is thriving.

Change in the consumption patterns of the population in developing countries is, indirectly, fueling the demand for print labels, for instance, a rise in demand for packaged food items or OTC medicines requires more usage of print labels. The market for cosmetic and personal grooming products, for enhancing beauty, is evolving and new products are getting added to the list rapidly. Consequently, the cosmetic and personal care industry has to provide information about the ingredients used and plausible side effects, if any, to make the consumer better informed. The print Label Market serves the purpose.

The print label Industry is growing due to demographic and economic changes in the countries. Industrialization and urbanization have led to a rise in the disposable incomes of the people. As a result, there is a parallel rise in the demand for manufactured products, of which print labels are an indispensable part. The Food & Beverage and Pharmaceutical Industries are the biggest users of printed labels.

The print Label Industry has to pass through a lot of technological transformations along with meeting customization and personalization requirements, but the demand for these labels would not fall as long as the products are being demanded by the people. The industry might face certain challenges concerning the environment and its dynamic nature but digitalization and automation in processes could work as a catalyst for it to run in the long run. Additionally, improvements in software used to build print labels are constantly improving the quality of the print labels. Some eco-friendly labels are also cropping up on the market, but they tend to be costlier.

Geographically, the Asia-Pacific region is expected to see the highest surge in the rate of increase in print label consumption

Owing to the increasing production of goods and the rapid transformation of infrastructure facilities in the region, the Asia-Pacific market is expected to grow. The growing population in countries such as India and China is a major reason why this industry is anticipated to boom. North America is expected to hold a major share of the print label market due to more reliance on packaged products. The print label is used as a marketing tool to attract customers in new emerging economies.

Key Developments:

• October 2021: Reckitt Benckiser Group and leading global packaging and paper company Mondi have collaborated to introduce a fully recyclable, mono-material flexible plastic packaging solution for the company's Quantum Ultimate premium range of Finish dishwasher tablets. This product line had formerly employed a multilayer, non-recyclable PET/PE laminate pouch structure. This was required to shift as RB pledged that by 2025, all of its plastic packagings will be recyclable or reused.
• May 2022: In order to fulfil the rising demand for its labelling and packaging materials, Avery Dennison Corporation, a global packaging and labelling company, has undertaken significant investments aimed at increasing its manufacturing capacity and enhancing plant efficiency in Europe. According to the business, a three-year, €45 million development of its facilities in Champ-sur-Drac, France, has been underway for a year. A new automated warehouse, five new logistics buildings totalling more than 8,700 square metres, and a second, high-speed, cutting-edge hotmelt adhesive coater that will start operating in 2024 are part of the enhancements.

Product offerings:

• Amcor LifeSpan Performance Paper: For the market of snacks and confections, LifeSpan Performance Paper offers a high-barrier, grease-resistant paper-based solution. This newest material breakthrough from Amcor is recyclable, contains more than 80% paper fibre, is PVDC-free, and enables companies to satisfy consumers' growing demand for paper-based packaging. The invention is devoid of PVDC or any other substances deemed to be problematic, in accordance with best practices for more environmentally friendly packaging. To assure sustainable management of renewable resources, the paper fibre is supplied from forests that have received the FSC certification.
• Innovia Rayoface mBoss: RayofaceTM mBoss is compatible with a variety of inks, foils, and textured varnishes and has a greater standard of opacity even when wet. Through dramatic tactile elements, along with the eye-catching print and foiling possibilities of the paper-like surface, it offers improved shelf appeal and customer engagement. Due to its remarkable dimensional stability, it provides a premium feel at 130 microns and delivers high conversions and labelling efficiency.

Segmentation:

• By Type

Pressure Sensitive Labels

In-Mold Labels

Wet-glued Labels

Sleeve Labels

Multi-part Tracking Labels

Others

• By Printing Technology

Flexography

Offset

Screen

Letterpress

Gravure

Digital

• By End-user Industry

Healthcare

Food & Beverage

Personal Care

Industrial

Household Care

Consumer Electronics

Others

• By Geography

North America

• USA
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• UK
• Germany
• France
• Italy
• Others

Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

Asia Pacific

• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others