What Is The Current and Historic Market Size Analysis Of The Label Color Printing Market?
The label color printing market has seen considerable growth due to a variety of factors.
•There has been a significant expansion in the label color printing market in the past few years. Anticipated growth is from $3.11 billion in 2024 to $3.3 billion in 2025, registering a compound annual growth rate (CAGR) of 5.9%.
Factors contributing to the growth witnessed in the previous period include regulatory compliance, customer tastes, globalization of the supply chain, the emergence of e-commerce, and heightened product customization.
What Are The Predictions for The Label Color Printing Market Size In The Coming Years?
The label color printing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of label color printing is predicted to witness robust expansion in the coming years, escalating to "$4.4 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%.
The anticipated growth during the forecast period is mainly due to the integration of industry 4.0, sustainability efforts, increasing necessity for variable data printing, the emergence of new markets and industries, and a heightened emphasis on branding. The forecast period is also expected to see significant trends such as digital label printing, customization and personalization, the incorporation of augmented reality (ar), advancements in color management technology, and adherence to regulatory compliance and safety norms.
What Are The Essential Drivers Behind The Growth Of The Label Color Printing Market?
The growth of the label color printing market is expected to be boosted by the increasing demand for product customization. Customizing products or services to cater to the particular necessities or likes of individual consumers is what product customization entails. This trend is primarily due to the growing need for tailor-made experiences for consumers. Label color printing enables businesses to develop personalized product labels that cater to the individual needs and tastes of each customer. For example, QP Market Network, a custom print-on-demand product online store, reported in January 2022 that over 30% of their customers requested customized products and were prepared to pay a 20% premium for such personalization. Companies are observing a 200% increase in conversion rates as a result of product customizations. As a result, the growing trend of product customization is fueling the expansion of the label color printing market.
How Is The Global Label Color Printing Market Divided Into Key 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
Subsegments:
1) By Laser Printers: Single-Function Laser Printers, Multi-Function Laser Printers
2) By Inkjet Printers: Single-Function Inkjet Printers, Multi-Function Inkjet Printers, Wide Format Inkjet Printers
3) By Other Types: Thermal Transfer Printers, Direct Thermal Printers, Dot Matrix Printers
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What Trends Are Reshaping The Future Of The Label Color Printing Market?
The uptake of new technologies is a prevalent trend in the label color printing industry, with businesses employing them to maintain their market standing. For instance, in August 2022, Gallus Holding AG, a label printing manufacturer based in Switzerland, introduced the Gallus One press. This digital label printing press is a hybrid inline printing device. With a width of 340 mm, this roll-to-roll UV inkjet digital inline label press can operate at top speeds of 70-meters per minute or 1,200 dpi, accommodating four colors plus white. As a bonus, this press includes services complementary to traditional analog operations and automation functions for increased digital printing proficiency.
Who Are the Key Players in the Label Color Printing Market?
Major companies operating in the label color printing market include:
• 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
• 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
What are the Regional Insights into the Label Color Printing Market?
Asia-Pacific was the largest region in the label color printing market in 2024. The regions covered in the label color printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
