Digital printing technology is used to print labels by directly transferring digital files onto different label substrates without the use of conventional printing plates. This technique is known as “digital label printing.”
The global Digital Label Printing Market is positioned for rapid expansion, with demand predicted to reach US$ 11.06 billion in 2023. This growth trajectory is projected to continue, reflecting a commendable compound annual growth rate (CAGR) of around 5.3%. It is anticipated that the industry would reach a noteworthy valuation of approximately US$ 18.54 billion by 2033. The global textile industry’s continuous breakthroughs and advancements are fueling this expansion by impacting the demand for digital label printing solutions in a range of applications.
Additionally, a significant element anticipated to fuel the expansion of the worldwide market is the growing need for labels with anti-counterfeiting and tamper-evident protection features. It is projected that the adoption of these security measures will be a major growth driver in the upcoming 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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