Changing consumer preferences towards digital forms of labeling over traditional print labels poses a threat. Additionally, Strong competition from flexible packaging and product decoration alternatives is intensifying. Stringent environmental regulations regarding use of materials like plastics and adhesive chemicals increase compliance costs. Technology evolution is disrupting conventional printing processes. Maintaining competitive pricing without compromising on quality is challenging due to high input costs and price pressures from retailers.
Opportunities: Growing demand from the food and beverage industry
Growing demand from the food and beverage industry continues to be high necessitating proper product identification and branding. Growth of the e-commerce sector boosts need for enhanced packaging solutions with rich visual and branding elements. Adoption of hybrid and digital labels combining print and digital features presents new revenue avenues.
Print Label Market Report Snapshots
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