The Print Label Market is being driven by Growing demand from organized retail sector
The Print Label Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12468.7 million. In the realm of product identification and tracking, barcodes have emerged as a leading technology, particularly in supply chain management. These codes serve a crucial role by documenting and securing essential information, such as manufacturing dates, locations, batch numbers, and expiry dates. Consequently, barcode print labels function as vital security labels for products. The food and beverage sector, in particular, has witnessed a significant surge in demand for barcode print labels, with a preference for pressure-sensitive labels incorporating advanced 2D and 3D barcode technology. For instance, Avery Dennison's pressure-sensitive labels boast 2D and 3D barcodes, enabling the encoding of extensive data within confined spaces.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
232 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
Market growth 2025-2029 |
USD 12468.7 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.4 |
Key countries |
China, US, Japan, India, Germany, UK, South Korea, Australia, Brazil, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the Print Label Market, key trends include the implementation of anticounterfeit measures, consumer engagement, and traceability through technologies like barcode and RFID solutions. Pharmaceutical and beverage sectors prioritize quality, precision, and eco-friendly labels for their products. Label design and innovation are crucial for consumer information, while organized retail and inventory management focus on operational efficiency and sustainability. Digital printing offers versatility and cost-effectiveness, with setup costs being a significant consideration. The market also caters to industries like packaged food, requiring clear storage instructions, precautions, and side effects information. Labeling solutions for pharmaceuticals prioritize regulatory compliance and patient safety, while PET recycling and sustainability solutions are essential for the packaging industry. Smart labels and RFID technology enhance supply chain visibility and improve product tracking.
In the dynamic and intricate print label market, brand recognition is paramount for businesses to distinguish themselves from competitors. To ensure authenticity and combat counterfeit measures, robust anticounterfeit technologies are integrated into labels. Consumers demand transparency regarding product ingredients and manufacturing details, which are communicated through clear and concise labeling. The supply chain for containers, such as metal, glass, and plastic, involves various stakeholders. Suppliers, including raw material providers for steel, aluminum, tin, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC), play a crucial role in the production process. Manufacturing at scale and meeting market demand is a critical aspect, while expiry dates and other essential information are clearly conveyed to end-users through effective labeling strategies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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