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    Breaking News

    Global label printing market to reach $49.9 billion in 2024

    A new Smithers Pira study shows PS labels continuing to increase market share.

    Related CONTENT
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    05.21.19
    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 Future of Label Printing to 2024" critically analyzes and forecasts how new demands from label customers and changing market dynamics will affect the choice of label materials and implementation of innovative label technologies to 2024. 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 favoured 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.

    This market report also takes a comprehensive look at print process trends in label printing. The most commonly used print process for labels in 2019 is flexography, used to print 403 billion A4 prints or equivalent with a value of $13.3 billion. However, with annual growth of 3.1% in value and 4.4% in volume over 2014–19, flexo is not keeping pace with overall market growth, primarily as a result of the rise of digital printing processes. Inkjet has been growing at a much faster rate since 2014, and will continue high growth overtaking electrophotography in volume before 2024.

    "The Future of Label Printing to 2024" provides in-depth quantitative market information and forecasts for the global label printing industry, segmented by 5 label types, 7 types of print processes, by end use, and by geographic regions; together with expert analysis of the key trends affecting the label printing industry to 2024.       

    "The Future of Label Printing to 2024" is available for £4,750.
     
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      INFOFLEX 2021 will provide an opportunity to return to an in-person and on-the-show-floor environment.
      L&NW Staff 01.14.21

    • North America | Sustainability

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      L&NW Staff 01.14.21


    • Baldwin's Ahlbrandt unveils corona treatment product

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      01.14.21

    • Meech debuts remote monitoring product

      Meech debuts remote monitoring product

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    • North America

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    • North America
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      Label management system aids CBD brand

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    • Flexo Supplies | Prepress Supplies | Pressroom Supplies

      Techkon USA partners with Konica Minolta

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    • Industrial Labels | Specialty Labels | Substrates
      New Polyonics label material helps metal processors avoid recalls

      New Polyonics label material helps metal processors avoid recalls

      HIGHdegree tag and label materials ensure the accurate tracking and identification of hot metals through the manufacturing process.
      L&NW Staff 01.13.21


    • Substrates
      Mactac gives back to local communities

      Mactac gives back to local communities

      The company has long supported the regions where its employees live and work.
      L&NW Staff 01.13.21

    • Digital Printing | North America

      HP, Dscoop host mentor program

      The Talent Attraction Program (TAP), which promotes the printing industry, involved regular virtual meetings between mentors and mentees.
      L&NW Staff 01.13.21

    • North America | Substrates | Sustainability
      Avery Dennison receives APR recognition

      Avery Dennison receives APR recognition

      The company's MDO and PE films have been recognized to comply with the APR's Critical Guidance for HDPE recycling.
      L&NW Staff 01.12.21


    • Prepress Equipment
      Loftware and NiceLabel join forces

      Loftware and NiceLabel join forces

      The move brings together 60 years of combined expertise in solving labeling challenges for companies of all sizes.
      L&NW Staff 01.12.21

    • Digital Printers & Presses | Flexo Supplies | Prepress Equipment | Prepress Supplies | Pressroom Supplies
      Flint Group announces new XSYS division

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    • Alon Bar-Shany appointed chairman of Highcon Board

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    Trending
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    Breaking News
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    View Breaking News >
    CURRENT ISSUE

    November/December 2020

    • Digital and Hybrid Printers and Presses
    • Digital Printing Market Update
    • Overlamination Films
    • Narrow Web Profile: Quality Tape & Label
    • View More >

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