In 2023, the global market for wrap-around labels is predicted to be worth approximately US$ 8.8 billion, with expectations of substantial growth. Projections indicate that by 2033, the market size for wrap-around labels is set to escalate significantly, reaching an estimated US$ 13.8 billion. This growth trajectory is attributed to a projected Compound Annual Growth Rate (CAGR) of 4.9% during the assessment period spanning from 2023 to 2033. As the demand for wrap-around labels continues to rise, industry experts anticipate a dynamic market landscape characterized by evolving consumer preferences and advancements in label technology.
Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Wrap Around Labels Market over the Assessment Period 2022-2032.
In the realm of wrap around labels, North America is poised to maintain a noteworthy presence, currently accounting for 21% of the total market share. The region’s contribution reflects its strong position in the global market for wrap around labels, driven by a robust industrial landscape and a demand for these labels in various applications.
However, when considering the forecast period, Europe is set to emerge as the dominant force in the global wrap around labels market. As of now, European regions collectively hold a 24% share of the total wrap around labels market. This is indicative of Europe’s well-established and expanding market for wrap around labels, driven by diverse industries, including food and beverages, pharmaceuticals, and consumer goods. The region’s penchant for quality labeling and packaging, coupled with stringent regulations, positions it as a prominent player in the global wrap around labels market, a trend that is expected to persist in the foreseeable future.
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The Market’s Growth Trajectory-
The Wrap Around Labels Market has experienced substantial growth in recent years. With increasing consumer demand for product differentiation and customization, companies are leveraging wrap around labels to enhance their brand presence and stand out on store shelves. The market is expected to continue its upward trajectory, driven by factors such as technological advancements, expanding e-commerce channels, and rising consumer awareness regarding sustainable packaging solutions.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global wrap around labels market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales wrap around labels in the coming 10-years.
Wrap around labels help enhance the aesthetic appeal of a product, which is one of the key motivations for packaging companies to include them as a packaging solution. In addition to this, manufacturers are focused on using labeling as a means for consumers to make a faster purchase decision. Thus, sales of wrap around labels are increasing with increased application in different industry verticals.
Key Wrap Around Labels Market Takeaways and Projections
- The U.S. is expected to lead the North america wrap around labels market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Business Key Trends:
- Branding and Product Differentiation:
- The demand for visually appealing and distinctive product packaging to enhance brand visibility and product differentiation.
- Increased Adoption in Various Industries:
- Growing adoption of wrap-around labels across industries such as food and beverage, pharmaceuticals, personal care, and consumer goods due to their versatility and aesthetic appeal.
- Technological Advancements:
- Advancements in printing technologies, such as digital printing and high-quality graphics, allowing for more complex and visually appealing wrap-around labels.
- Regulatory Compliance:
- Compliance with labeling regulations and standards in different regions, promoting the use of labels to convey product information and meet legal requirements.
- Demand for Sustainable Packaging:
- Increasing awareness and demand for sustainable and eco-friendly packaging solutions, which may drive the adoption of environmentally friendly wrap-around labels.
Market Restraints:
- Cost Constraints:
- High initial setup costs for printing and labeling equipment, which may pose a challenge for small and medium-sized enterprises (SMEs) in adopting wrap-around labels.
- Complexity in Application:
- The complexity of applying wrap-around labels to certain types of packaging or products, which may require specialized equipment and skilled personnel.
- Changing Consumer Preferences:
- Evolving consumer preferences and trends, which may affect the choice of packaging and labeling materials, impacting the demand for wrap-around labels.
- Supply Chain Disruptions:
- Disruptions in the supply chain, affecting the availability of raw materials or causing delays in production, leading to challenges for wrap-around label manufacturers.
- Stringent Regulations:
- Stringent regulations related to labeling content and materials, which may increase compliance costs and limit the flexibility of label designs.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of wrap around labels market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global wrap around labels market. Some of the prominent market players are
- Vintech Polymers Pvt. Ltd.,
- Inland Packaging,
- Roll on Labels,
- Grip Tight Packaging Pvt. Ltd.,
- Mondi Group,
- Traco Manufacturing Inc.
- Cosmo Films Constantia Flexible Packaging,
- B & H Manufacturing Company Inc.,
- Ameet Metaplast Pvt. Ltd.,
- Fort Dearborn Company,
- Tilak Polypack Pvt. Ltd.,
- Westrock Company,
- Kris Flexipacks,
- Leading Edge Labels & Packaging,
- Jasin Pack,
- TCPL Packaging Limited,
- CPM Internacional S.A.
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Key Segments in The Wrap Around Labels Market
By Product Type:
- Shrink label
- Roll-fed label
- Stretch label
- Cut & stack label
- Pressure-sensitive label
By End-User:
- Beverage
- Personal Care
- Food
- Home Care
- Pharmaceutical
- Other
By Material:
- Plastic
- Paper
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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