The print label industry is influenced by consumer demands and industry trends. Factors like eco-friendly packaging, the growing acceptance of color digital printing, and the rising demand for personalized options are driving this sector. Manufacturers rely on printed labels to customize their products, enhance packaging, and prevent counterfeiting. These labels are available in different formats and designs tailored to the requirements of beverage makers.
The print label market is experiencing growth due to the advancement of digital print technology. The market is further boosted by the increasing presence of organized retail formats like hypermarkets and supermarkets, as well as the growth of e-commerce and the processed and packaged food industry. The US Census Bureau reveals that retail e-commerce sales surpassed USD 206.6 billion in the last quarter of 2020, with e-commerce penetration in the US food and beverage industry increasing by over 1,500% from 2000 to 2019.
In 2021, the global Print Label Market had an estimated worth of US$ 45.1 billion. It is projected to achieve a value of US$62.22 billion by 2030, with a compound annual growth rate (CAGR) of 4.26% from 2022 to 2030.
In terms of volume, Asia Pacific secured the leading position in the global print label market in 2021, with a substantial share of 47.0%. Europe and North America followed suit, holding subsequent positions.
Major Players in the Print Label Industry:
- Fort Dearborn
Fort Dearborn was established in 1925 and is headquartered in Elk Grove Village, Illinois, United States. It is engaged in supplying high-impact decorative labels for beverages, food, household products, paint, and coatings. In 2021, Fort Dearborn revealed its plan to acquire Hammer Packaging Corporation. Through this incorporation, Fort Dearborn strengthened its standing in the decorative label and packaging industry, amplifying the company's reach, capacity, and capabilities.
- Multicolor Corporation
Multi Color Corporation was established in 1916 and is headquartered in Batavia, Ohio, United States. It operates in over 26 countries and is engaged in various industries, including advertising, communities, packaging services, and printing.
- Mondi Group
Mondi Group was established in 1967 and is headquartered in Weybridge, United Kingdom. It operates in more than 30 countries and is engaged in manufacturing pulp, paper, and films.
- Ahlstrom-munksjö Oyj
Ahlstrom-munksjö Oyj was established in 1851 and is headquartered in Helsinki, Finland. It operates in more than 13 countries and is engaged in various industries, including automotive, furniture, construction, healthcare and life science, food and beverage, and energy sectors.
- Autajon Group
Autajon Group was established in 1964 and is headquartered in Montélimar, Rhone-Alpes, France. It operates in more than 11 countries and is engaged in manufacturing folding cartons, labels, set-up boxes, and POS for various market sectors, such as perfumes and cosmetics.
- Avery Dennison Corporation
Avery Dennison Corporation was established in 1935 and is headquartered in Mentor, Ohio, United States. It operates in more than 50 countries and is engaged in labeling and packaging materials and solutions.
- CCL Industries, Inc.
CCL Industries Inc. was established in 1951 and is headquartered in Ontario, Canada. It operates in more than 43 countries and is engaged in various industries, including automotive, consumer goods, food and beverage, healthcare, manufacturing, and packaging services. In 2023, CCL Industries announced two intelligent label acquisitions.
- R. Donnelley & Sons Company
R.R. Donnelley & Sons Company was established in 1864 and is headquartered in Chicago, Illinois, United States. It operates in eight countries and is engaged in providing marketing and business communications, commercial printing, and related services.
Definition: Print label refers to the process of producing a physical adhesive sticker or tag displaying information or instructions.
