Print Labels Market - Forecasts from 2024 to 2029

The global print labels market is expected to grow at a CAGR of 5.24% over the forecast period to reach US$64.699 billion by 2029, increasing from estimated value of US$50.123 billion in 2024.

A print label on the container or packet contains information about the product that will be distributed to existing and potential customers. It is a branding tool used by companies to distinguish their products from those of their competitors. Several regulatory authorities across industries have established their guidelines as to what information has to be provided to the customers on the product label. For instance, manufacturing and expiry dates are to be disclosed on food products, directions to use are to be disclosed for electrical appliances, etc. With escalating advancements and innovations in printing technologies, this industry is expected to witness high growth rates. Growing health awareness among people across the globe due to the rise in adulterated goods is one of the major reasons why the print label market is thriving.

Global Print Label Market Drivers:

Continous changes in consumption patterns are leading to market growth

Changes in the consumption patterns of the population in developing countries are indirectly fueling the demand for print labels. For instance, a rise in demand for packaged food items or OTC medicines requires more usage of print labels. The market for cosmetic and personal grooming products for enhancing beauty is evolving, and new products are getting added to the list rapidly. Consequently, the cosmetic and personal care industry must provide information about the ingredients used and plausible side effects, if any, to inform the consumer better. The print Label Market serves the purpose and is growing due to demographic and economic changes in various countries. Industrialization and urbanization have led to a rise in the disposable incomes of the people. As a result, there is a parallel rise in the demand for manufactured products, of which print labels are an indispensable part. The Food & Beverage and Pharmaceutical Industries are the biggest users of printed labels.

Rising technological developments

The print label industry has to pass through many technological transformations to meet customization and personalization requirements, but the demand for these labels will not fall as long as the people are demanding the products. The industry might face challenges concerning the environment and its dynamic nature, but digitalization and automation in processes could work as a catalyst for it to run in the long run. Additionally, improvements in software used to build print labels are constantly improving the quality of the print labels. Some eco-friendly labels are also cropping up on the market, but they tend to be costlier.

Global Print Label Market Restraint:

Lack of climate-resistant products

Humidity and temperature are the common environmental factors causing problems when applying labels. It is best to apply it in a warm, dry atmosphere. Nonetheless, in certain circumstances, it is impossible to completely avoid extremely high or low temperatures or moisture. After sticking to the surface, the print label needs to be able to withstand the different temperatures it comes in contact with. Certain brands, such as those on goods that need to be maintained in the cold chain and those on dangerous chemicals, are designed to withstand a wide range of temperatures. However, labeling related to environmental regulations will also hinder the market growth for print labels.

Global Print Label Market Geographical Outlook

Asia Pacific is projected to grow rapidly during the forecast period

Due to growing corporate interest, China has the largest economy in the Asia-Pacific area. China's economy is expanding at one of the fastest rates in the world, and as a result of rising per capita income, living standards, and population, almost all end-user industries have experienced growth. Throughout the forecast period, the print labels market is anticipated to be driven by the emergence of Chinese e-commerce giants like Alibaba. For instance, Chinese customers received close to 1.9 billion packages during Alibaba's Double 11 shopping festival. The growth of the e-commerce sector is expected to fast-track the adoption of print labels during the forecast period.

Global Print Label Market Developments:

• In November 2023, The TH DH Series, a new generation desktop barcode printer, has been released. TSC Auto ID is a leading supplier of cutting-edge thermal label printing solutions. The brand-new desktop barcode printer series is incredibly versatile, adaptable to a wide range of printing needs and tasks, and built to effortlessly overcome label printing obstacles. They created a desktop printer series that can quickly print different labels to meet the increasing demand for printing various unique and diverse media. The TH DH Series is carefully designed to achieve high-quality printing of challenging media in a portable and user-friendly printer, from hardware and software to functionality.
• In July 2023, Newland AIDC, a global leader in the auto-identification industry, introduced two label printers targeted at manufacturing, logistics, and retail applications, broadening its product offering. The company introduced the NLS-LP410 desktop label printer and the NLS-PP310 portable label printer, which are ergonomically designed for dependable label and barcode production.

Key Market Segmentation:

Global print labels Market is segmented and analyzed as below:

By Type

• Pressure Sensitive Labels
• In-Mold Labels
• Wet-glued Labels
• Sleeve Labels
• Multi-part Tracking Labels
• Others

By Printing Technology

• Flexography
• Offset
• Screen
• Letterpress
• Gravure
• Digital

By End-User Industry

• Healthcare
• Food & Beverage
• Personal Care
• Industrial
• Household Care
• Consumer Electronics
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others