05.23.19
The global market for label printing has been growing steadily from 2014 to 2019, at rates of 4.8% in value and of 5.2% in volume (A4 prints). Smithers Pira’s latest market report “The Future of Label Printing to 2024” values the market to be worth $41.02 billion on volumes of 1.21 trillion A4 prints or equivalent in 2019. This is a 4% increase on the 2018 value of $39.46 billion, and up 5.5% on 2018 volumes of 1.15 trillion A4 prints or equivalent. The market will continue to increase up to 2024, at an annual average rate of 4.0% in value to $49.90 billion, and by 5.5% in volume to 1.59 trillion A4 prints or equivalent.
The key trends for different labels are:
“The Future of Label Printing to 2024” is available for £4,750.
The key trends for different labels are:
- Pressure-sensitive labels will further increase their market share as government regulations on tracking and barcoding requirements for medical and pharmaceutical products are implemented;
- Wet-glue labels despite losing market share will see high-growth in certain product niches in segments, such as the beer industry in Asia;
- Multi-part tracking labels market position is being eroded by newer electronic tracking solutions increasingly favored by the logistics industry, such as RFID technology;
- In-mold labels have a small share of the label printing market, but demand is holding steady owing to a growing perception of their eco-friendliness;
- Sleeve labels: Shrink labels make up the largest share of the global sleeve market at 90% of global volume and are expanding into new areas, including the labelling of beverage cans.
“The Future of Label Printing to 2024” is available for £4,750.
