Latest News- Labels Market: Consumer goods is expected to lead the End-user segment during 2025-2029

The Labels Market is being driven by Increase in demand for sleeve labels

The Labels Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13232.6 million. In today's business environment, barcode labels serve as essential identification tools and dominant track-and-trace technologies. They offer significant benefits for supply chain management by documenting and securing crucial product information, such as manufacturing dates, locations, batch numbers, and expiry dates. Consequently, barcode labels function as security labels for products. The food and beverage industry, in particular, has witnessed a surging demand for barcode labels, with a preference for pressure-sensitive labels incorporating advanced 2D and 3D barcode technology. These modern labels can be identified and decoded using mobile phones via quick response (QR) codes, enhancing convenience and efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Consumer goods
  • Cosmetics and personal care
  • Pharmaceuticals
  • Others
• Type
  • Pressure-sensitive label
  • Glue-applied label
  • Sleeve label
  • In-mold labels
• Material
  • Plastic and film
  • Paper
  • Metal foil
  • Fabric
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for sleeve labels
• Growing demand from organized retail sector
• Rise in demand for colored labeling

However, the market also witnesses some limitations, which are as follows:

• Increase in prices of raw materials
• High initial investments
• Recycling of PET plastic

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Market Scope in Labels Market Research Report

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Research Analysis Overview

The Labels Market focuses on rhizosphere microbiome and mycorrhizal fungi inoculation to boost plant-microbe interactions, introducing beneficial microbial consortia for organic matter decomposition and soil enzyme activity. This leads to increased nutrient use efficiency, enhanced nutrient availability, and stress tolerance mechanisms, resulting in yield potential increase, crop growth promotion, and vegetative growth enhancement. Flowering and fruiting are also improved, along with biomass production and quality attributes. Post-harvest preservation is ensured through environmental sustainability, resource use optimization, reduced fertilizer input, and pesticide use. The market also emphasizes improved soil fertility, enhanced water retention, soil carbon sequestration, climate change mitigation, and the use of bio-based agricultural inputs and regenerative agriculture practices.

Market Research Overview

In the global packaging market, as identified by Technavio, the sector under review encompasses microbial inoculants, humic acid fertilizers, plant growth regulators, and enzyme-based foliar sprays. These innovative solutions significantly contribute to the paper and plastic packaging industry. Paper packaging, a cost-effective and eco-friendly alternative, is widely used for preserving, protecting, and transporting various goods. Key attributes include lightweight, biodegradability, and recyclability. Paper packaging categories consist of packaging boards, kraft paper, and other specialized papers. Conversely, plastics, with their exceptional performance, durability, and cost-effectiveness, are utilized extensively in food, beverage, oil, and numerous other packaging applications. Plastics exhibit diverse grades and material combinations, such as polyvinyl chloride, polypropylene, and polyethylene, to cater to specific material transfer requirements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/