Print Label Market Size
| Study Period | 2022 - 2029 |
| Market Size (2024) | USD 51.05 Billion |
| Market Size (2029) | USD 62.37 Billion |
| CAGR (2024 - 2029) | 4.09 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Print Label Market Analysis
The Print Label Market size is estimated at USD 51.05 billion in 2024, and is expected to reach USD 62.37 billion by 2029, growing at a CAGR of 4.09% during the forecast period (2024-2029).
With a growing number of SKUs, a reduction in average job lengths and life cycles for mass-produced products, and an increase in the regulatory content on the label, there is an increasing demand for more attractive brands from print label customers. Moreover, increasing demand for manufactured goods and an upsurge in the disposable income of people are also expected to drive the print label market during the forecast period.
- Many organizations like Nilpeter, Xeikon, and Bobst Firenze, among others, believe that digitally printed labels are suited to meet the market's demands and have an added advantage over traditional printing technologies.
- Digital technology has met the multiple requirements of various end-user industries in making attractive label designs to encourage potential consumers to make purchases. Integrating digital technology with the existing label printing technique is expected to bring a huge change to all the small-scale and large-scale sectors, improving the overall market. However, environmental regulations for labeling hinder the growth of the print label market.
- Label application problems are caused mainly by environmental conditions, namely temperature and humidity. Applying the labels only in dry, room-temperature states can be preserved them. However, avoiding extreme temperatures or moisture is sometimes possible in winter, summer, and cold warehouses.
- The players in the market are also focusing on strengthening their sales and distribution channels. Xeikon opened an innovation center in Shanghai designed to support the expanding Chinese needs. The facility is expected to enable visitors and customers to test various applications and options for new revenue streams and business growth. Domino continues to grow and invest in resources for its digital printing business, with the appointments of several new hires in service and support roles within North America.
- The pandemic presented two primary challenges for print label companies: productivity improvement and remote customer support. The stable demand during the initial recovery from the pandemic created immense pressure on the labeling companies' production capacity, highlighting the need for automation at various product life cycle stages.
Print Label Market Trends
This section covers the major market trends shaping the Print Label Market according to our research experts:
Food Industry to Create Significant Demand During Forecast Period
- The food industry is expected to account for a significant print label market during the forecast period. Consumers are now more aware of the content of the food they consume. There has been more emphasis on the materials of the products displayed on the label, due to which manufacturers are opting for more prominent brands.
- Moreover, the growing demand for packaged food is also influencing the growth of this market as it ensures food quality, safety, and long shelf life. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), the expenditure on packaged foods is increasing (at an inflection point) due to increased per capita income, urbanization, and working hours for women.
- As the global economies advance, there is greater penetration of modern retail trade outlets, such as supermarkets and convenience stores, which can carry a broader range of frozen food products in several emerging markets. According to the Organisation for Economic Co-operation and Development (OECD), the effects of freezing and packaged foods increased dramatically. The sales of personalized packed food were 56% higher in Germany.
- According to Label Insight and the Food Marketing Institute, 86% of shoppers have transparency on their minds when grocery shopping and would feel a higher sense of trust for food manufacturers and retailers that provide complete, easy-to-understand ingredient information.
Asia Pacific is Expected to Hold a Major Share
- China is the largest economy in the Asia-Pacific region due to the increasing interest of companies. China is one of the fastest-growing economies globally, and almost all the end-user industries have been growing due to the rising population, living standards, and per capita income.
- The rise of e-commerce giants, such as Alibaba, in China is expected to drive the print labels market over the forecast period. For instance, during Alibaba's Double 11 shopping festival, Chinese consumers received nearly 1.9 billion packages.
- The growth of the e-commerce industry in the region is one of the significant factors that is expected to fuel the adoption of print labels over the forecast period. For instance, according to Invest India, the e-commerce market in India is also set to witness a CAGR of 30% for the gross merchandise value to reach USD 200 billion by 2026 and have a market penetration of 12%, as compared to the current 2%.
- According to the Australia post-e-commerce industry report last year, consumers spent USD 310.29 billion on total retail sales, up by 9.7% compared to the previous year. Also, an increased engagement resulted in online purchases growth by 57% Y-O-Y, and consumers spent a record USD 50.46 billion online, which was 16.3% of total retail sales, a figure the country expected to witness by next year.
- Moreover, in March last year, Multi-Color Corporation, one of the prominent label companies, announced the acquisition of Melbourne, Australia-based Herrods, a provider of in-mold label (IML) solutions in Australia and New Zealand. Herrods was also investing in expanding its footprint and satisfying increased demand. The company also stated that the additional capacity would help both the companies to better serve new and existing customers in Australia and New Zealand.
Print Label Industry Overview
The print label market is highly competitive and consists of several major players such as, Multi-Color Corporation, Mondi Group, Avery Dennison Corporation, Ahlstrom-Munksjo Oyj, and Autajon Group. The market is highly fragmented. Many companies are increasing their market presence by introducing new products or entering into strategic partnerships or acquisitions.
- October 2021 - The Resource Label Group LLC announced the acquisition of Ample Labels in Nixa, Missouri. With the addition of Ample Labels, Resource Label will have twenty manufacturing locations in North America and expand its footprint in the Midwest with four locations to serve its diverse customer base.
Print Label Market Leaders
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Multi-Color Corporation
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Mondi Group
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Avery Dennison Corporation
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Ahlstrom-Munksjo Oyj
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Autajon Group
*Disclaimer: Major Players sorted in no particular order
Print Label Market News
- May 2022 - Mondi has switched its entire portfolio of glassine-based release liners to the certified base paper. The modification results from Mondi's continued proactive dedication to sustainability, which includes creating environmentally friendly solutions. Labels, tapes, and medicinal applications are the principal uses for glassine-based release liners.
- January 2022 - The Resource Label Group LLC, MA-based QSX Labels expanding its regional strength in New England and leading position in the label and packaging industry. QSX Labels represents the twenty-third acquisition for Resource Label. QSX Labels was founded in 1957 as New England Industrial Supply. The company expanded to offer pressure-sensitive labels as The Quik Stick Label Company.
Print Label Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
-
4.2 Industry Attractiveness - Porters Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers/Consumers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitutes
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
- 4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Evolution of Digital Print Technology
- 5.1.2 Increased Focus toward Manufacturing in the Developing Economies
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5.2 Market Challenges
- 5.2.1 Lack of Products with Ability to Withstand Harsh Climatic Conditions
6. MARKET SEGMENTATION
-
6.1 By Print Process
- 6.1.1 Offset lithography
- 6.1.2 Gravure
- 6.1.3 Flexography
- 6.1.4 Screen
- 6.1.5 Letterpress
- 6.1.6 Electrophotography
- 6.1.7 Inkjet
-
6.2 By Label Format
- 6.2.1 Wet-glue labels
- 6.2.2 Pressure-sensitive labels
- 6.2.3 Linerless labels
- 6.2.4 Multi-part tracking labels
- 6.2.5 In-mold labels
- 6.2.6 Shrink and Stretch Sleeves
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6.3 By End-user Industries
- 6.3.1 Food
- 6.3.2 Beverage
- 6.3.3 Healthcare
- 6.3.4 Cosmetics
- 6.3.5 Househlod
- 6.3.6 Industrial (Automotive, Industrial Chemicals, Consumer and NonConsumer Durables)
- 6.3.7 Logistics
- 6.3.8 Other End-User Industries
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6.4 Geography
- 6.4.1 North America
- 6.4.1.1 United States
- 6.4.1.2 Canada
- 6.4.2 Europe
- 6.4.2.1 United Kingdom
- 6.4.2.2 Germany
- 6.4.2.3 France
- 6.4.2.4 Spain
- 6.4.2.5 Italy
- 6.4.2.6 Poland
- 6.4.2.7 The Netherlands
- 6.4.2.8 Rest of Europe
- 6.4.3 Asia-Pacific
- 6.4.3.1 China
- 6.4.3.2 India
- 6.4.3.3 Japan
- 6.4.3.4 Australia
- 6.4.3.5 South Korea
- 6.4.3.6 Rest of Asia Pacific
- 6.4.4 Latin America
- 6.4.4.1 Brazil
- 6.4.4.2 Mexico
- 6.4.4.3 Rest of Latin America
- 6.4.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 Multi-Color Corporation
- 7.1.2 Mondi Group
- 7.1.3 Avery Dennison Corporation
- 7.1.4 Ahlstrom-Munksjo Oyj
- 7.1.5 Autajon Group
- 7.1.6 Fort Dearborn Company
- 7.1.7 CCL Industries
- 7.1.8 Multi Packaging Solutions (WestRock Company)
- 7.1.9 Clondalkin Group
- 7.1.10 Cenveo Corporation
- 7.1.11 Brady Corporation
- 7.1.12 Fuji Seal International Inc.
- 7.1.13 Constantia Flexibles Group GmbH
- 7.1.14 R.R. Donnelley & Sons Company
- 7.1.15 3M Company
- 7.1.16 Taylor Corporation
- 7.1.17 Huhtamaki OYJ
- 7.1.18 Taghleef Industries Inc.
- 7.1.19 Ravenwood Packaging
- 7.1.20 Sato America
- 7.1.21 Coveris
- 7.1.22 Fedrigoni Self-Adhesives (Fedrigoni Group)
- 7.1.23 Epac holdings LLC
- 7.1.24 Neenah Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Print Label Industry Segmentation
The print label is a piece of paper, plastic film, cloth, metal, or other material affixed to a container or product, which has printed information or symbols about the product or item. Information may also be printed directly on a container or article. Moreover, print labels are the primary source of communication between a company and its customers. Labels contribute majorly to how a consumer perceives a product while looking at a product label and how much impact it makes on the consumer's mind.
Print Process segments the Print Label Market (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, Shrink and Stretch Sleeves), by End-User Industry (Food, Beverage, Healthcare, Cosmetics, Household, Industrial, Logistics) and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Spain, Italy, Poland, The Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa).
The market sizes and values are provided in terms of value (USD million) for all the above segments.
| 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 | ||
| Shrink and Stretch Sleeves | ||
| By End-user Industries | Food | |
| Beverage | ||
| Healthcare | ||
| Cosmetics | ||
| Househlod | ||
| Industrial (Automotive, Industrial Chemicals, Consumer and NonConsumer Durables) | ||
| Logistics | ||
| Other End-User Industries | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Spain | ||
| Italy | ||
| Poland | ||
| The Netherlands | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| Australia | ||
| South Korea | ||
| Rest of Asia Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa |
Print Label Market Research FAQs
How big is the Print Label Market?
The Print Label Market size is expected to reach USD 51.05 billion in 2024 and grow at a CAGR of 4.09% to reach USD 62.37 billion by 2029.
What is the current Print Label Market size?
In 2024, the Print Label Market size is expected to reach USD 51.05 billion.
Who are the key players in Print Label Market?
Multi-Color Corporation, Mondi Group, Avery Dennison Corporation, Ahlstrom-Munksjo Oyj and Autajon Group are the major companies operating in the Print Label Market.
Which is the fastest growing region in Print Label Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Print Label Market?
In 2024, the North America accounts for the largest market share in Print Label Market.
What years does this Print Label Market cover, and what was the market size in 2023?
In 2023, the Print Label Market size was estimated at USD 49.04 billion. The report covers the Print Label Market historical market size for years: 2022 and 2023. The report also forecasts the Print Label Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Label Printing Industry Report
Statistics for the 2024 Label Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Label Printing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
