The Print Label Global Market Report 2023, provides comprehensive information on the print label market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Print Label Global Market Report 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%.
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Technological advancements are a key trend gaining popularity in the print label market. Companies operating in the print label market are adopting new technologies to sustain their position in the market. For instance, in February 2021, Xeikon B.V., a Netherlands-based provider of digital printing solutions for labels and packaging, launched two new digital label presses, the Xeikon CX30 and Xeikon CX50. These new presses, which are based on Cheetah 2.0 technology with new generation interfaces and cloud connectivity and built on its sixth-generation platform, are intended to provide the highest level of equipment effectiveness possible. The two new presses from Xeikon were created and built to work with any label printer using ‘medium capacity’, which is defined as 20,000–40,000 square meters, or 30,000–55,001 MSI in all end-use segments. According to the manufacturer, the press shines particularly in the pharmaceutical, food, and wine and spirits label sectors. The foundation of Cheetah 2.0 technology is the scalable press architecture from Xeikon, which features a full rotary process with five print stations and a customizable repeat length.
The 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, Household, Industrial (Automotive, Industrial Chemicals, Consumer and Non-Consumer Durables), Logistics, Other End-User Industries
North America was the largest region in the print label market in 2022.
The table of contents in TBRC’s print label market report includes:
- Executive Summary
- Print Label Market Characteristics
- Print Label Market Trends And Strategies
- Print Label Market – Macro Economic Scenario
- Print Label Market Size And Growth
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- Africa Print Label Market
- Print Label Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Print Label Market
- Print Label Market Future Outlook and Potential Analysis
- Appendix
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