Print label market

Print Label Market, By Print Process (Offset, lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography Inkjet), By Label Format (Wet-glue Labels, Pressure-sensitive Labels, Linerless Labels, Multi-part Tracking Labels, In-mold Labels Sleeves), By End-User Industry (Food, Beverage, Healthcare, Cosmetics, Household, Industrial (Automotive, Industrial Chemicals, and Consumer and Non-consumer Durables), Logistics, Other End-user Industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jul 2022
CMI5127
157 Pages
Excel & Pdf
Packaging

Summary

The print label industry is shaped by the changing needs of consumers and industry trends. Greener packaging options, increased acceptance of colour digital printing, and a growing desire for personalized offerings are driving this industry. Changing buyer needs also have a direct impact on the industry. Print labels help manufacturers customize their products and packaging. They are also used for identification and eliminating counterfeit products. They come in various formats and designs to suit the needs of beverage manufacturers.

Market Statistics:

The global print label market was valued at US$ 45.1 Bn in 2021 and is forecast to reach a value of US$ 62.22 Bn by 2030 at a CAGR of 4.26% between 2022 and 2030.

Asia Pacific held dominant position in the global print label market in 2021, accounting for 47.0% share in terms of volume, followed by Europe and North America, respectively.

Figure 1. Global Print Label Market Value Share (%), By Region, 2021

Recent Developments:

In March 2021, Fort Dearborn announced that it has acquired Hammer Packaging Corporation. The combined organization can take advantage of Hammer’s technology to enhance Fort Dearborn’s position in the decorative label and packaging marketplace by further expanding the company’s geographic footprint, capacity and capabilities.
In March 2021, The company announced that it became a full association member of the Glass Packaging Institute (GPI). GPI is the trade association representing the North American glass container industry. The partnership can strengthen offerings to the glass industry, with high quality and full recyclability label solutions.

Print Label Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 45.1 Bn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	4.26%	2030 Value Projection:	US$ 62.22 Bn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Print Process: Offset, lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography Inkjet By Label Format: Wet-glue Labels, Pressure-sensitive Labels, Linerless Labels, Multi-part Tracking Labels, In-mold Labels Sleeves By End-User Industry: Food, Beverage, Healthcare, Cosmetics, Household, Industrial (Automotive, Industrial Chemicals, and Consumer and Non-consumer Durables), Logistics, Other End-user Industries
Companies covered:	Fort Dearborn, Multi Color Corporation, Mondi Group, Ahlstrom-munksjö Oyj, Autajon Group, Avery Dennison Corporation, CCL Industries Inc., Multi Packaging Solutions (Westrock Company), Clondalkin Group Holdings BV, Cenveo Corporation, Brady Corporation, Fuji Seal International Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons Company, 3M Company, Taylor Corporation, Huhtamaki OYJ, Taghleef Industries Inc., Ravenwood Packaging, Sato America, Coveris, Fedrigoni Self-Adhesives (Fedrigoni Group), Epac Holdings LLC, and Neenah Inc
Growth Drivers:	Growing innovation in print labelling Strong growth in food &beverage industry
Restraints & Challenges:	Environmental regulation Lack of product with ability to withstand harsh climatic condition

Market Drivers:

Growing innovation in digital print technology is driving growth of the print label market. For instance, in November 2020, West Michigan Rum Company’s Burl & Sprig opted for digital printing being done on Distillery’s glass bottles. With art and artistry as key components of the Burl & Sprig brand story, having beautiful bottles for their premium spirits was a top priority. For this, the brand worked with Berlin Packaging's design division, Studio One Eleven.

Increasing penetration of organized retail formats such as hypermarkets and supermarkets and e-commerce, the processed and packaged food market is driving growth of the print label market. According to the US Census Bureau, in the last quarter of 2020, adjusted US retail e-commerce sales amounted to over USD 206.6 billion. Moreover, according to Barrons and US Census Bureau, the penetration of e-commerce into the food and beverage industry in the United States grew over 1,500% between 2000 and 2019.

Figure 2. Global Print Label Market Value Share (%), By Print Process, 2021

Market Restraints:

Lack of product with ability to withstand harsh climatic conditions is expected to hinder the growth of print label market. Most of the label is made of paper and film face stocks. Paper film stocks are susceptible to the elements than specialty films. For example, the paper isn’t waterproof. Certain labels are made with wet strength paper that slows the penetration of water, but even those will eventually become saturated.

Labelling pertaining to environmental regulations is another key factor expected to restrict the market growth. For instance, if a label remains on an item during recycling, it will hinder the recyclability of the item.

Market Opportunities:

Rapid growth of food &beverage industry coupled with the increasing usage of print labels in the food &beverage industry is expected to offer potential growth opportunities over the forecast period. Moreover, growing health conscious consumers is increasing widespread adoption of print labels in food &beverage industry.

Growing funding in research &development activities for innovating digital printing label are again positively contributing to the market growth. For instance, in May 2021, Print-Leeds has recently launched a self-adhesive label division after investing £1m in a new printing press, finishing equipment and MIS system.

Market Trends/Key Takeaways:

Growing trend of go-green is raising adoption of environment-friendly labels by various companies. Rising awareness regarding sustainability of packaging and label is propelling growth of the environmentally friendly label, thus augmenting market growth.

Rising popularity of smart labels as they offer real-time information about the products is expected to uplift the market growth over the forecast period. The ability of smart labels to provide additional real-time information about the product is finding new applications in the various end-user verticals. The networked devices, IoT, and IIoT, are expected to create huge opportunities in the future, as these innovations make communication between non-electronic commodities and equipment a possibility.

Competitive Landscape:

Fort Dearborn
Multi Color Corporation
Mondi Group
Ahlstrom-munksjö Oyj
Autajon Group
Avery Dennison Corporation
CCL Industries Inc.
Multi Packaging Solutions (Westrock Company)
Clondalkin Group Holdings BV
Cenveo Corporation
Brady Corporation
Fuji Seal International Inc.
Constantia Flexibles Group GmbH
R.R. Donnelley & Sons Company
3M Company
Taylor Corporation
Huhtamaki OYJ
Taghleef Industries Inc.
Ravenwood Packaging
Sato America
Coveris
Fedrigoni Self-Adhesives (Fedrigoni Group)
Epac Holdings LLC
Neenah Inc

Table of Content

Table of Contents

*Browse 24 market data tables and 28 figures on "PRINT LABEL Market” - Global forecast to 2028

Segmentation

Detailed Segmentation:

By Print Process
- Offset
- lithography
- Gravure
- Flexography
- Screen
- Letterpress
- Electrophotography Inkjet
By Label Format
- Wet-glue Labels
- Pressure-sensitive Labels
- Linerless Labels
- Multi-part Tracking Labels
- In-mold Labels Sleeves
By End-User Industry
- Food
- Beverage
- Healthcare
- Cosmetics
- Household
- Industrial (Automotive, Industrial Chemicals, and Consumer and Non-consumer Durables)
- Logistics
- Other End-user Industries
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The global print label market size is estimated to be valued at US$ 45.1 Billion in 2021 and is expected to exhibit a CAGR of 4.26% between 2022 and 2030.

What are the major factors driving the market growth?

Growing innovation in print labelling and expanding food &beverage industry are fuelling the growth of the market.

Which is the leading component segment in the market?

The Flexography print process segment is the leading component segment in the market.

What are the key factors hampering growth of the market?

Lack of product with ability to withstand harsh climatic condition and labelling pertaining to environmental regulations are the major factors restraining growth of the market.

Which are the major players operating in the market?

Major players operating in the market are Fort Dearborn, Multi Color Corporation, Mondi Group, Ahlstrom-munksjö Oyj, Autajon Group, Avery Dennison Corporation, CCL Industries Inc., Multi Packaging Solutions (Westrock Company), Clondalkin Group Holdings BV, Cenveo Corporation, Brady Corporation, Fuji Seal International Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons Company, 3M Company, Taylor Corporation, Huhtamaki OYJ, Taghleef Industries Inc., Ravenwood Packaging, Sato America, Coveris, Fedrigoni Self-Adhesives (Fedrigoni Group), Epac Holdings LLC, and Neenah Inc