Print Label Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
7 Jun, 2023
The global print label market size is expected to grow from $42.27 billion in 2022 to $44.80 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global print label market size is expected to reach $54.28 billion in 2027 at a CAGR of 4.9%.
Global Print Label Market Key Driver
The rising demand for produced goods is likely to drive the growth of the print label industry in the coming years. Manufactured goods are any products that are manufactured through a manufacturing process that involves the transformation of raw materials into finished products. By delivering product labels, asset labels, bar code labels, shipping labels, and other labels, the print label helps meet the need for manufactured items. 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.
Get a sample of the global print label market reportGlobal Print Label Market Segments
The global print label market 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
5) By Geography: The regions covered in the print label market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global print label market.
Major Print Label Industry Players
Mondi Group, Connecticut Chemicals (Canada) Limited, Multi-Color Corporation, Avery Dennison Corporation, Clondalkin Group Holdings BV, Ahlstrom-Munksjo Oyj, Cenveo Corporation, Fort Dearborn Company, Fuji Seal International Inc., Autajon Group, Brady Corporation, Constantia Flexibles Group, Ravenwood Packaging, Chesapeake Limited, 3M Company
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Print Label Market Overview
A print label refers to the process of creating and printing a sticker or tag that includes information such as the product name, description, price, barcode, or other relevant data. It is defined as the procedure of printing distinct labels using different techniques, including flexographic printing and digital printing.
Print Label Global Market Report 2023 provides data on the global print label market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The print label market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.