India Print Label Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.17 Billion |
| Market Size (2029) | USD 4.05 Billion |
| CAGR (2024 - 2029) | 13.29 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Print Label Market Analysis
The India Print Label Market size is estimated at USD 2.17 billion in 2024, and is expected to reach USD 4.05 billion by 2029, growing at a CAGR of 13.29% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 6.28 billion square meters in 2024 to 11.26 billion square meters by 2029, at a CAGR of 12.39% during the forecast period (2024-2029).
- Brand owners increasingly prioritize advanced technologies, sustainable solutions, and quicker production times, urging India's print label industry to adapt swiftly. Personalization and customization are rising, especially in the food, cosmetics, and gifting sectors. Brands are delving into features like RFID to enhance digital consumer engagement and catalyze label printing innovations.
- The rise of premiumization, customization, and digitalization is transforming the print label market. As brands seek to differentiate their products and appeal to discerning consumers, high-quality, customized labels featuring unique designs and finishes are in high demand. The ability to produce variable artwork and occasion-specific labels enhances consumer engagement, particularly during festive seasons.
- Durable inventory control labels are intended to streamline inventory management processes. They are crucial in enhancing inventory count accuracy, identifying inventory assets, tracking inventory, and other related activities, ultimately leading to greater efficiency and streamlined processes. Technological progressions, including incorporating intelligent technologies like RFID and NFC into industrial labels, fuel the growth of the durable label sector. These cutting-edge labels facilitate real-time tracking, data collection, and improved efficiency in the supply chain.
- Security labels are a primary and flexible method to protect a specific product or brand. Cutting-edge anti-counterfeit labels are robust and combine visible, hidden, and forensic features.
- Industrial labeling compliance poses a significant challenge for enterprise organizations. With evolving standards, an adaptable labeling solution can be swiftly adjusted to adhere to the latest compliance regulations, thus preventing costly violations or barcode complications. Industries like aerospace, medical devices, pharmaceutical, and food and beverage face amplified challenges in managing labeling regulations due to the strict requirements imposed by governing bodies, including the Legal Metrology Act, 2009, and Legal Metrology (Packaged Commodities) Rules, 2011.
India Print Label Market Trends
Pressure-sensitive Labels Occupies the Largest Market Share
- Consumers widely prefer pressure-sensitive labels. Companies can tailor their marketing strategies to target audiences most likely to appreciate these labels. This could involve focusing advertising efforts on industries or product categories where pressure-sensitive labels are particularly popular, such as food and beverage packaging or personal care products.
- With such a high demand for pressure-sensitive labels, this segment may have innovation and product development opportunities. Companies can invest in research and development to create new pressure-sensitive labels that offer unique features or benefits, catering to specific consumer needs or market niches.
- Pressure-sensitive labels are expected to be the most widely used label technology during the forecast period. These labels find extensive applications across various sectors, including food and beverage, medical, automotive, pharmaceutical, consumer durables, personal care, and construction industries. Their versatility and ease of use contribute to their widespread adoption in diverse market segments.
- The pharmaceutical sector is heavily regulated, and pressure-sensitive labels help meet these stringent regulatory requirements. As the market grows, pharmaceutical companies will require more labels to comply with evolving regulations related to drug safety, labeling standards, and anti-counterfeiting measures.
- According to the India Brand Equity Foundation, the annual turnover of India's domestic pharmaceutical industry reached over USD 42 billion in 2021. In 2018, the Indian pharmaceutical market was valued at USD 18 billion and is forecast to reach USD 30 billion.
Food to Show Significant Growth
- Food products, including chocolates and confectionaries, are subject to strict labeling regulations regarding ingredient lists, nutritional information, and allergy warnings. As sales increase, so does the need for compliant labeling, which can increase demand for printing services that meet regulatory requirements.
- With higher retail sales, the demand for packaging materials, including labels, is expected to correspond to a corresponding increase. Chocolate and confectionary products typically require attractive and informative packaging to appeal to consumers, often including printed labels.
- Governments and regulatory bodies in India have started implementing policies to promote sustainability and transparency in food production. These initiatives often include requirements or incentives for companies to disclose the environmental impact of their products through labeling.
- With a growing market for broiler chicken, there may be increased competition among chicken producers. Companies may invest in innovative packaging and labeling solutions to stand out on the shelves. This could involve designing, incorporating sustainability messaging, or even utilizing smart labels with QR codes for enhanced consumer engagement.
- Expanding India's packaged food market is expected to significantly boost the print labels market. Increased regulatory compliance requirements, enhanced branding efforts, innovative design needs, and expanded distribution channels will drive higher demand for print labels, creating opportunities for label manufacturers and suppliers in the region.
- According to Bikaji, the estimated market value of packaged food in India was over USD 51.35 billion in 2022, an increase from the previous year. This value is projected to reach USD 70.22 billion by 2026. As the packaged food market grows, the demand for labels on food products is expected to increase correspondingly. These labels provide essential information such as nutritional facts, ingredients, expiration dates, and branding details.
India Print Label Industry Overview
The market is fragmented, with several prominent players contributing to the industry's growth. Companies such as JK Labels Pvt. Ltd., Skanem Interlabels Industries Pvt. Ltd, Ajanta Packaging, Sai Impression Labels & Packaging Solutions, and Pragati Pack (India) Private Limited significantly meet the rising demand for print label solutions. Companies are refining their business strategies by expanding product lines and pursuing collaborations and acquisitions to increase their market share, primarily emphasizing sustainability.
India Print Label Market Leaders
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JK Labels Pvt Ltd.
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Skanem Interlabels Industries Pvt Ltd
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Ajanta Packaging
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Sai Impression Labels & Packaging Solutions
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Pragati Pack (India) Private Limited
*Disclaimer: Major Players sorted in no particular order
India Print Label Market News
- May 2024: Multi-Label Tech-Print expanded its market reach with the Domino N610i Digital Label Press. Multi-Label Tech-Print, a division of Multi Printers Group, a prominent offset printing solutions provider in Ahmedabad, Gujarat, has achieved a significant milestone in its pursuit of innovation and printing. Multi-Label Tech-Print has invested in the Domino N610i digital label press to address changing printing requirements and maintain its commitment to output.
- April 2024: Brother International introduced IoT-enabled connectable label printers, representing the latest labeling technology and printing solutions. Targeting the B2B segment and large corporations, Brother India offers a range of label printers, including handheld, desktop, and professional models, to meet various organizational labeling needs. In addition to these innovative IoT-enabled printers, Brother India provides professional labeling and mobile printing solutions to help organizations efficiently track their growing assets. These solutions aim to reduce label-making costs and simplify updating old labels and producing reprints.
India Print Label Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption and Market Defintion
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Industry Value Chain Analysis with Emphasis on Circular Economy
- 4.3 India Print Label Market - PESTEL Analysis
- 4.4 Packaging Industry Landscape in India and Key Trends
- 4.5 Labeling Regulations, Policies, and Subsidies in India and Key Changes Impacting the Packaging Operations
5. MARKET DYNAMICS
- 5.1 Market Drivers and Restraints Analysis
- 5.2 Demand Analysis and Industry Trends
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5.3 Demand Split for Flexible Packaging (%)
- 5.3.1 Organized vs. Unorganized
- 5.4 Printing Technology Trends for Print Labels in India
- 5.5 Production Trends over the Past Three Years for Print Labels in India
- 5.6 Raw Material Analysis for Print Label
- 5.7 Trade Scenario for Print Labels
6. MARKET SEGMENTATION
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6.1 By Print Technology
- 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
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6.2 By Label Format
- 6.2.1 Wet-glued Labels
- 6.2.2 Pressure Sensitive Labels (PSL)
- 6.2.3 Linerless Labels
- 6.2.4 In-mold Labels
- 6.2.5 Shrink Sleeve Labels
- 6.2.6 Multi-part Tracking Labels
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6.3 By End-use Industries
- 6.3.1 Food
- 6.3.2 Beverage
- 6.3.3 Heathcare and Pharmaceutical
- 6.3.4 Cosmetics
- 6.3.5 Household
- 6.3.6 Industrial
- 6.3.7 Retail
- 6.3.8 Other End-use Industries (Fashion and Apparel, Logistics, and Consumer Electronics, among others)
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6.4 By Region
- 6.4.1 East
- 6.4.2 West
- 6.4.3 North
- 6.4.4 South
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 JK Labels Pvt. Ltd
- 7.1.2 Skanem Interlabels Industries Pvt. Ltd
- 7.1.3 Ajanta Packaging
- 7.1.4 Sai Impression Labels & Packaging Solutions
- 7.1.5 Pragati Pack (India) Private Limited
- 7.1.6 Mudrika Labels Pvt. Ltd
- 7.1.7 Super Label Manufacturing Corporate
- 7.1.8 Maanasa Graphics
- 7.1.9 Reliance Plastic Industries
- 7.1.10 Duralabel Graphics Pvt. Ltd
- 7.2 List of Customers by Region in India
- 7.3 List of Major Unorganized Market Players in India by Region
8. SUSTAINABILITY TRENDS FOR INDIA PACKAGING INDUSTRY
9. FUTURE OUTLOOK OF THE MARKET
** Subject To AvailablityIndia Print Label Industry Segmentation
The study considers consumption volume and revenues accrued from the sales of print labels offered by various vendors operating in the market. The market study factors include the impact of geopolitical scenarios on the market based on the prevalent base scenarios, key themes, and end-user industry-related demand cycles. The estimates for the Indian print label market include all the costs associated with the print label, from the raw material procurement to the end user. It includes the cost of material used, other associated products such as liner, inks, and adhesives, and related services such as finishing, printing, packing, and transporting.
The Indian print label market is segmented by print technology (offset lithography, gravure, flexography, screen, letterpress, electrophotography, and inkjet), by label format (wet-glued labels, pressure sensitive labels (PSL), linerless labels, in-mold labels, shrink sleeve labels, and multi-part tracking labels), by end-use industries (food, beverage, healthcare and pharmaceutical, cosmetics, household, industrial, retail, and other end-use industries (fashion and apparel, logistics, and consumer electronics, among others)), by region (east, west, north, and south). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Print Technology | Offset Lithography |
| Gravure | |
| Flexography | |
| Screen | |
| Letterpress | |
| Electrophotography | |
| Inkjet | |
| By Label Format | Wet-glued Labels |
| Pressure Sensitive Labels (PSL) | |
| Linerless Labels | |
| In-mold Labels | |
| Shrink Sleeve Labels | |
| Multi-part Tracking Labels | |
| By End-use Industries | Food |
| Beverage | |
| Heathcare and Pharmaceutical | |
| Cosmetics | |
| Household | |
| Industrial | |
| Retail | |
| Other End-use Industries (Fashion and Apparel, Logistics, and Consumer Electronics, among others) | |
| By Region | East |
| West | |
| North | |
| South |
India Print Label Market Research FAQs
How big is the India Print Label Market?
The India Print Label Market size is expected to reach USD 2.17 billion in 2024 and grow at a CAGR of 13.29% to reach USD 4.05 billion by 2029.
What is the current India Print Label Market size?
In 2024, the India Print Label Market size is expected to reach USD 2.17 billion.
Who are the key players in India Print Label Market?
JK Labels Pvt Ltd., Skanem Interlabels Industries Pvt Ltd, Ajanta Packaging, Sai Impression Labels & Packaging Solutions and Pragati Pack (India) Private Limited are the major companies operating in the India Print Label Market.
What years does this India Print Label Market cover, and what was the market size in 2023?
In 2023, the India Print Label Market size was estimated at USD 1.88 billion. The report covers the India Print Label Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Print Label Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Print Label Industry Report
Statistics for the 2024 India Print Label market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Print Label analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
