Global digital label printing market is projected to be worth US$ 10,538.1 million in 2022 and to increase at a CAGR of 5.3% to US$ 17,662.6 million between 2022 and 2032. The global textile industry’s ongoing developments are responsible for the growth of the digital label printing market.
A printing technique called “digital label printing” uses digital printing technology to create personalised labels for numerous applications. With this technique, high-quality labels can be printed in small or large quantities with variable data, including barcodes, serial numbers, and batch numbers.
Due to its capacity to manufacture high-quality labels more quickly and inexpensively than conventional printing techniques, digital label printing has become increasingly popular in recent years.
Due to the rising demand for high-quality labels from numerous end-use industries, including food and beverage, healthcare, and consumer products, the global market for digital label printing is anticipated to experience considerable expansion in the next years. The market is expanding as a result of label printing businesses’ rising use of digital printing technology and the expanding trend of personalised packaging.
The market can be divided into prime labels, promotional labels, and security labels depending on the application. Prime labels are the most popular kind of labels and are used for many purposes, including branding and product identification. Promotional labels are normally used temporarily and are used for marketing and advertising. Security labels are frequently used in the pharmaceutical and healthcare sectors for tamper-evident and authentication purposes.
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Regional Outlook:
Why is North America Emerging as an Opportunistic Digital Label Printing Market?
In terms of regional platforms, North America holds a significant market share in the Digital Label Printing market. The region is expected to surge to over 28.0% share in 2022.
North America is expected to remain a significant epicenter of development prospects in the global digital label printing market, attributed to rapid growth in the labeling sector. North America is home to pioneers of digital technologies. Moreover, the pace of the broader economic structure in the region acutely relies on its digital ecosystem.
How is Europe Contributing to Growth of the Digital Label Printing Market?
According to Future Market Insights, Europe is expected to hold lucrative growth opportunities for Digital Label Printing Market and is expected to represent the highest market share of 31.0% in 2022.
The markets in the United Kingdom, Italy, and Germany are more likely to govern the digital printing market in Europe, in the years to come in terms of adaptability and market size. Countries such as Italy and the United Kingdom are expected to witness high growth in the digital printing market because of the growing developmental activities and rapid economic expansion.
Market Competition
Some of the key participants present in the global Digital Label Printing market include Canon Inc., AstroNova, Inc., Domino Printing Sciences plc., Print Process Corporation, Arrow Digital Private Limited, VIPColor Technologies Pte Ltd., Colordyne Technologies LLC, Seiko Epson Corporation, HP Inc., Mimaki Engineering Co. Ltd., Konica Minolta Inc., Samsung Label Printing Co., Ltd., Bharat Traders, Shijin Plastic Packaging Co., Ltd., LY Fashion Limited, Tangshan Wanjie Machinery Equipment Co., Ltd., Kingprint, Dongguan grandrise Co., Ltd., Dongguan Yuchang Garment Accessories Co., Ltd., Abundant Grace International Company Ltd., FORMTEC KOREA LTD, and LabelTraxx, among others.
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Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Canon Inc., AstroNova, Inc., Domino Printing Sciences plc., Print Process Corporation, and Arrow Digital Private Limited, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in Europe.
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
Key Benefits for Digital Label Printing Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
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Key Segments Profiled in the Digital Label Printing Industry Survey
Digital Label Printing Market by System Type:
- Toner System
- Inkjet System
- Others
Digital Label Printing Market by End Use:
- Digital Label Printing Market for Converting Companies
- Digital Label Printing Market for Consumers
- Digital Label Printing Market for Packaging Companies
Digital Label Printing Market by Region:
- North America Digital Label Printing Market
- Europe Digital Label Printing Market
- Latin America Digital Label Printing Market
- Asia Pacific Digital Label Printing Market
- Middle East & Africa Digital Label Printing Market
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