By 2022, the shipping label industry is expected to be worth USD 49.53 billion. From 2022 to 2032, it is predicted to expand at a CAGR of 6.1%. By 2032, it is anticipated to be worth USD 83.03 billion.
Being a practical labelling alternative, shipping labels have always been popular. Additionally, shipping label sales have grown as a result of greater customer awareness. However, the growth of the product is influenced by elements including product quality, durability, and permanence.
During the coronavirus epidemic in 2020, there was a modest decline in the demand for shipping labels. However, it began to gradually increase starting in 2021 because pharmaceutical products were still in demand and required labelling even during the epidemic.
Budding cross border trade escalating the growth of Shipping Labels Market. Products shipped are exposed to water, dirt and other environmental conditions, use of shipping labels keeps the print intact for brand building or product recognition. Shipping labels are used in food, beverage, pharmaceutical, cosmetics, consumer goods, and chemical industry.
Shipping labels are resistant to degradation of quality from the impact of external weather & water and allow labels to retain their visual and material quality for longer period of time. Polypropylene (PP), Polyethylene (PE), Polyvinyl chloride (PVC), foil and specialty papers are some examples of materials used for manufacturing of shipping label stocks, as these materials do not absorb water and act as a barrier to moisture and other external environmental conditions. There have been introduction of new technologies in shipping labels that allow exporter to keep a track of goods in real time
Shipping Labels Market: Market Dynamics
Rapid industrialization across the geographies have created new opportunities for the global trade. Manufacturers with the help of growing supply chain capabilities are exploring new geographies to tap the market potential, is the key factor driving the growth in shipping labels market. The need of labeling the containers of chemical and hazardous materials with shipping labels for safety purposes is another factor boosting the growth in shipping labels market.
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Shipping labels allow logistic handling crew to keep a track of the goods as shipping labels do not get tampered due to high abrasive resistance. Government regulations for shipping goods across the port can positively influence the growth in shipping labels market. However, increasing trend for direct to surface printing can impact negatively the demand for world shipping labels market as surface printing eliminates the need for labels and has resistance to external environment.
Moreover, flexible packaging is gaining traction in packaging industry on the backdrop of its advanced technology and Increased usage of flexible packaging can limiting the usage of shipping labels as most of the flexi packed goods are surface printed which are water resistant. However, emerging economies are expected to present significant opportunities for shipping labels market due to the high economic growth rate in the region.
APEJ region being the manufacturing hub of the world is expected to be the largest contributor in world shipping labels market. North America is expected to follow APEJ region in world shipping labels market as the region is largest importer and second largest exporter in the world.
Western and Eastern Europe are expected to grow moderately in shipping labels market. Latin America and MEA region are expected to be small but rapidly growing region in shipping labels market. Japan is expected to contribute significant share in shipping labels market on the backdrop of highest per capita consumption of packaging.
Shipping Labels Market
Key Players:
Some major players of the shipping labels market are Lintec Corporation, Bemis Company, Inc., UPM Raflatac Ltd, 3M Company, CCL Label Inc., WS Packaging Group, Inc., Herma Gmbh, Fuji Seal International, INC., PMC Label and Robos GmbH & Co. KG.
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- North America (U.S., Canada)
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Shipping Labels Market: Market Segmentation
Shipping labels market is segmented by product type, printing technology and material type
Based on the product type, shipping labels market is segmented into:
- Non Adhesive Based
- Glue Applied
- In-mold Label
- Sleeve Label
- Adhesive based
- Permanent
- Removable
Based on the printing technology type, shipping labels market is segmented into:
- Digital Printed Labels
- Thermal Printed Labels
- Lithographic Printed Labels
- Flexographic Printed Labels
Based on the material type, shipping labels market is segmented into:
- Speciality Papers
- Foil
- Plastics
- Polypropylene (PP)
- Polyethylene (PE)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PPMA)
- Others (PET, etc.)
Shipping Labels Market – Regional Outlook:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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