Digital label printing refers to the process of printing labels using digital printing technology, which involves directly transferring digital files onto various label substrates without the need for traditional printing plates.
The global Digital Label Printing Market is poised for substantial growth, with an expected demand of approximately US$ 11.06 billion in 2023. This growth trajectory is projected to continue, reflecting a commendable compound annual growth rate (CAGR) of approximately 5.3%. By the year 2033, the market is forecasted to reach a significant valuation of around US$ 18.54 billion. The driving force behind this growth is the ongoing advancements and innovations in the textile industry on a global scale, which are influencing the demand for digital label printing solutions across various applications.
Furthermore, a notable factor expected to propel the growth of the global market is the rising demand for labels featuring tamper-evident and anti-counterfeiting protection solutions. The implementation of these security features is anticipated to be a significant driver of growth in the coming years.
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Role of Startups
In the global landscape of digital label printing, numerous established market players like Digistik, Hanshow, and S-One Labels & Packaging are collaborating to elevate standards in the industry. These companies are renowned for their expertise and dedication to providing top-notch digital label printing solutions that cater to a diverse range of needs across the globe.
However, amidst the established giants, several emerging startups are making significant strides in the digital label printing sector. One such example is Smart Coloring, a German startup pioneering innovative additive technology for coloring plastics. Their groundbreaking approach involves utilizing water-based coloring or inkjet printing to absorb dyes, ensuring vibrant and durable colors without contamination. Smart Coloring’s technology, coupled with its InPrinting technology, encapsulates additives and dyes, rendering them resistant to heat, UV light, and acidity. This enables precise and customizable coloring of individual plastics, even those traditionally deemed unprintable.
Another notable startup, Ardena from Belgium, specializes in offering comprehensive clinical logistics solutions tailored for clinical trials. Their printing capabilities encompass a wide array of label types, including single-layer, booklet, and peel-off labels, featuring variable fields such as patient or kit numbers. Ardena’s holistic approach to clinical logistics extends beyond packaging and labeling to encompass drug substance production, bioanalysis, and dossier development, ensuring seamless and efficient operations throughout the clinical trial process.
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Key Players:
- Samsung Label Printing Co. Ltd.
- Bharat Traders
- Shijin Plastic Packaging Co. Ltd.
- Tangshan Wanjie Machinery Equipment Co. Ltd.
- Dongguan Grandrise Co. Ltd.
- FORMTEK KOREA LTD
- LabelTraxx
- King print
- Canon Inc.
- AstraNova Inc.
- Afinia Label
- Arrow Digital Private Limited
Digital Label Printing Market by Segmentation
By System Type:
- Toner System
- Inkjet System
- Others
By End Use:
- Converting Companies
- Consumers
- Packaging Companies
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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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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