The global labels market is on track to achieve significant growth, with projections indicating a valuation of US$ 41.75 billion in 2023 and a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2033. By the end of 2033, the market is expected to reach a staggering USD 67.36 billion. Key factors driving this growth include the dominance of pressure-sensitive labels (PSL) and the rising demand for smart labels.
Pressure-sensitive labels (PSL) are anticipated to hold a major portion of the global labels industry throughout the forecast period. With the ability to withstand various environmental conditions while maintaining integrity, PSLs are favored for their ease of application. By the end of the forecast period, the PSL segment is projected to hold around three-quarters of the market share.
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Furthermore, the need for better safety and authenticity among end-use industries is expected to drive the demand for smart labels, creating new growth opportunities in the global market. Smart labels offer advanced features such as tracking, authentication, and real-time information, catering to the evolving needs of industries worldwide.
The North American and European regions are poised to exhibit high demand for labels, driven by the implementation of stringent regulations by government bodies associated with packaging and labeling standards. The rapid expansion of the food & beverage and pharmaceutical industries in these regions is expected to further fuel market growth.
Key Takeaways:
- Expanding e-commerce and growing digitization to strengthen market prospects.
- The U.S. is expected to account for about 83% of the overall sales in North America.
- The label market in India is predicted to register a robust 8.8% CAGR.
- In 2022, the sensitive labels segment will account for 73% of the market share.
- By end use, food segment will grow at a 3.2% CAGR during the forecast period.
Competitive Landscape
Pivotal label manufacturers try to focus on creative product launches, acquisitions, and expansions in response to rising demand from the food, beverage, and pharmaceutical sectors. A few other label producers are forming alliances and collaborations to co-develop new goods and boost their market position.
Essential Labels Manufacturers
- CCL Industries Inc.
- Avery Dennison Corporation
- Fuji Seal International, Inc.
- Huhtamäki Oyj
- Amcor plc
- Coveris Holding S.A.
- Multi-Color Corporation
- Honeywell International Inc.
- 3M Company
- Klöckner Pentaplast Europe GmbH & Co KG
- Anchor Printing
- Derksen Company
- Traco Manufacturing, Inc.
- Resource Label Group, LLC
Key Segmentations: Labels Market
By Product Type:
- Pressure Sensitive Labels
- Shrink Labels
- Stretch Labels
- Wet Glue Labels
- Others (In-mold, pre-gummed, etc.)
By Material Type:
- Plastic
- Polyethylene (PE)
- LDPE
- HDPE
- LLDPE
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others
- Polyethylene (PE)
- Paper
- Foil
By Printing Technique:
- Flexographic Printing
- Digital Printing
- Gravure Printing
- Offset Printing
- Letterpress Printing
By Ink Type:
- Solvent Based
- Water Based
- UV Based
- Others (Latex Based, etc.)
By End Use:
- Food
- Bakery & Confectionery
- Dairy Products
- Baby Food
- Chilled/Frozen Food
- Others (Snacks, etc.)
- Beverages
- Alcoholic
- Non-Alcoholic
- Pharmaceutical
- Tablet/Capsules
- Cream & Ointment
- Liquid Syrup
- Others
- Cosmetics & Personal Care
- Homecare & Toiletries
- Chemicals
- Automobiles
- Other Consumer Durables
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East and Africa
- Oceania
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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