Print Label Market, By Label Format (Wet-glue Labels, Pressure-sensitive Labels, Linerless Labels, Multi-part Tracking Labels, and Others), By Print Process (Offset, lithography, Gravure, Flexography, Screen, Letterpress, Electrophotography Inkjet, and Others), By End-User Industry (Food & Beverages, Healthcare, Cosmetics, Household, Industrial, Logistics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5127

Pages :157

Formats :

Excel and PDF

Industry : Packaging

Regional Analysis

Print Label Market Regional Insights

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North America has established itself as the dominant leader in the global print label market over the past few decades and is expected to account for 37.6% of the market share in 2024. The region is home to some of the largest label printing companies and converters in the world. It has a highly advanced labelling industry infrastructure with widespread availability of modern printing technologies such as digital printing. The North American market continues to thrive due to strong demand from various end-use industries such as food & beverage, chemicals, personal care & cosmetics, and pharmaceuticals. These industries rely heavily on labels for product identification, branding, and compliance with regulations. Moreover, the presence of several multi-national FMCG and pharmaceutical companies in the region fuels continuous demand for large volumes of labels. Another key factor for North America's dominance is its proactive early adoption of new labelling technologies and materials. Regional players are at the forefront of developments in areas like shrink sleeve labels, functional QR coded, and RFID labels. This allows them to meet rapidly evolving customer requirements. Additionally, the region also exports labels to other large markets globally.

The Asia Pacific region has emerged as the fastest growing market for print labels in recent years. China and India are leading the growth and transforming into major manufacturing and exporting nations. Their expanding domestic markets lend strong impetus to label demand. The growing middle-class population with rising disposable incomes drives packaging consumption. Asia Pacific's development is supported by improving labelling infrastructure and increasing localization efforts of global brands. Many international label players have set up manufacturing facilities to cater to the region. Additionally, the availability of economical labor and raw materials as well as lenient regulations have encouraged local label converters to rapidly modernize their facilities. This has enabled these regions to significantly reduce their past reliance on imports. The market is further fuelled by Asia Pacific becoming a sourcing hub for several in Western markets. This promotes export opportunities for regional suppliers. While compliance remains a challenge due to fragmented regulations, overall the evolving business environment makes Asia Pacific increasingly attractive for label printing investments.