The global print label market size is estimated to increase by USD 11.29 billion from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 4.58%. The growing demand from the organized retail sector is driving market growth.
The emergence of supermarkets and hypermarkets has boosted the growth of the global market. Retail sales in China have grown over the past few years. This trend is projected to continue during the forecast period owing to the increase in demand for organized retail due to government policies. With the rise in competition between different consumer brands, the importance of printed labels has increased to attract customers.
Organized retail stores use advanced technologies that require tag identifiers, which further increases the demand for printed labels. These factors will fuel the growth of the market during the forecast period. Discover some insights on market size, historic period (2017-2021), and forecast period (2023- 2027) before buying the full report – Request a sample report
The global print label market is fragmented, with the presence of several international and local players. A few prominent vendors that offer printed labels are 3M Co., Aditya Polymers, Ahlstrom Munksjo, Al Ghurair First LLC, Avery Dennison Corp., Barspell Technologies India Pvt. Ltd., Cimarron Label, Concept Labels and Packaging Co., Fuji Seal International Inc., Huhtamaki Oyj, JK Labels Pvt. Ltd., Label Aid Systems Inc., M. R. Labels Co., Mondi plc, Multi Color Corp., Ravenwood Packaging Ltd., Resource Label Group LLC, SATO Holdings Corp., Taylor Label, and The Label Printers LP and others.
The market is highly competitive, as vendors compete based on factors such as pricing, product differentiation, and product portfolios. Local vendors are offering innovative solutions at lower prices than international players, which is leading to price wars. Major vendors are focusing on expanding their geographical footprint by establishing manufacturing units, especially in emerging markets such as APAC.