Global Label Color Printing Market Size 2024, Forecast To 2033
6 Mar, 2024
The label color printing market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to regulatory compliance, consumer preferences, globalization of supply chain, rise of e-commerce, increased product customization. The label color printing market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to industry 4.0 integration, sustainability initiatives, rising demand for variable data printing, emerging markets and industries, increased focus on branding. Major trends in the forecast period include digital label printing, customization and personalization, augmented reality (AR) integration, color management technology, regulatory compliance and safety standards.
Global Label Color Printing Market Key Driver
The rise in product customization is expected to propel the growth of the label color printing market going forward. Product customization refers to creating products or services that are tailored to meet the specific needs or preferences of individual customers. This shift has resulted from a rise in the need for personalized experiences for customers. Label color printing allows companies to create custom product labels that are tailored to the unique needs and preferences of individual customers. For instance, in January 2022, according to QPMarketNetwork, an online store selling custom print-on-demand products, more than 30% of customers demanded for customized products and are willing to pay 20% more price for these customizations. The businesses are experiencing a rise in conversion rates by 200% due to product customizations. Therefore, the rise in product customization is driving the growth of the label color printing market.
Get A Free Sample Of The Global Label Color Printing Market ReportGlobal Label Color Printing Market Segments
The label color printing market covered in this report is segmented –
1) By Type: Laser Printers, Inkjet Printers, Other Types
2) By Technique: Flexographic Label Printing, Gravure Label Printing, Screen Printing, Digital Label Printing
3) By Application: Food Labels, Beverages Labels, Cosmetics, Pharmaceutical Labels, Retail Products
4) By End User Industry: Fast-Moving Consumer Goods (FMCG), Retail, Packaging, Personal Care, Pharmaceutical, Other End User Industries
By Geography:The regions covered in the label color printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the label color printing market in 2023. The regions covered in the label color printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Label Color Printing Industry Players
Afinia Label, Epson Corporation, VIPColor Technologies Pte. Ltd., Primera Technology, Canon Inc., Addmaster Corporation, Avery Dennison Corporation, HP Development Company L.P., Toshiba Corporation, Zebra Technologies Corporation, Clayton Dubilier & Rice Inc., Brother Industries Ltd., Lexmark International Inc., Cab Produkttechnik GmbH & Co. KG, Dell Inc., Brady Corporation, Westrock Company, Brandmark Inc., OMNI Systems Inc., Blue Label Packaging Company, Flexo Partners Inc., IMS Inc., Resource Label Group, C-P Flexible Packaging, Traco Packaging, Derksen Co., Multi-Color Corporation, Xerox Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holdings S.A., Fuji Seal International Inc., Huhtamaki Oyj, Mondi Group, Multi Packaging Solutions International Limited, R.R. Donnelley & Sons Company
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Label Color Printing Market Overview
Label color printing refers to the process of printing labels with a full range of colors, usually using a color printer or a printing press for various purposes such as branding, product packaging, identification, and more.
Label Color Printing Global Market Report 2023 provides data on the global label color printing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The label color printing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.