Labels Market size is to grow by 14.58 billion m2 from 2021 to 2026

NEW YORK, July 19, 2023 /PRNewswire/ -- The labels market size is estimated to grow by 14.58 billion m2 from 2021 to 2026 at a CAGR of 4.27% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 3M Co., Adhesive Products Inc., Amcor Plc, Avery Dennison Corp., Berry Global Group Inc., CCL Industries Corp., Cenveo Worldwide Ltd., CPC Montreuil, Darley Ltd., G3 Enterprises Inc., Heidelberger Druckmaschinen AG, HERMA GmbH, Inland Label and Marketing Services LLC, Intertape Polymer Group Inc., Jet Label, Jindal Films Europe SARL, LINTEC Corp., Mondi plc, Multi Color Corp., Nova Label Co. Inc., Pdc International Corp., SATO America, and WestRock Co.

Labels Market Insights -

Vendors: 15+, Including 3M Co., Adhesive Products Inc., Amcor Plc, Avery Dennison Corp., Berry Global Group Inc., CCL Industries Corp., Cenveo Worldwide Ltd., CPC Montreuil, Darley Ltd., G3 Enterprises Inc., Heidelberger Druckmaschinen AG, HERMA GmbH, Inland Label and Marketing Services LLC, Intertape Polymer Group Inc., Jet Label, Jindal Films Europe SARL, LINTEC Corp., Mondi plc, Multi Color Corp., Nova Label Co. Inc., Pdc International Corp., SATO America, and WestRock Co. among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

Segments: Type (Pressure-sensitive labels, Glue-applied labels, Sleeve labels, and In-mold labels) and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

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Labels market - Customer LandscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteria

Adoption rates

Adoption lifecycle

Drivers of price sensitivity

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The market growth is driven by the increasing demand for sleeve labels. Sleeve labels offer innovative advertising prospects and eliminate the need for colored containers. Vendors utilize the space provided by full-body shrink-sleeve labels to incorporate eye-catching logos, pictures, and designs. With enhanced container coverage, sleeve labels provide vendors with ample area to engage prospective consumers and provide additional product information, including details about ingredients, in compliance with regulations. This creates a positive perception of the product in the consumer's mind and enhances the vendor's market position. These advantages will propel market growth during the forecast period.

Key Market Trend- The increased implementation of barcode technology is a key market trend driving growth. Barcodes serve as a prominent method of product identification and are widely used for track-and-trace purposes. They play a crucial role in supply chain management by documenting and securing various information such as manufacturing date, location, batch number, and expiry date. The food and beverage industry, in particular, has witnessed a growing demand for barcode labels, specifically pressure-sensitive labels with 2D and 3D barcode technology. With the ability to be read by mobile phones through QR codes, 2D barcode labels are gradually reducing the need for specialized readers in the logistics industry. The increasing adoption of 2D barcode labels is expected to fuel market growth during the forecast period.

Key Market Challenge- The increase in raw material prices is hindering the market growth. According to CARE Ratings Ltd., the domestic price of propylene in India rose by over 6% in 2021 compared to the previous year. This price increase is expected to impact the cost of additives used in label applications, further influencing the overall label prices. For example, Clariant announced a significant immediate price increase of up to 25% for its additives in July 2021. Additionally, the growing demand for various labels from manufacturers across industries has resulted in a shortage of raw materials, leading to a further rise in label prices. In response to the rising costs, label manufacturers are exploring low-priced substitutes, sparking intense price competition in the market. Consequently, the volatility in raw material prices and price wars driven by substitute labels are anticipated to limit the growth of the global market during the forecast period.

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What are the key data covered in this labels market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the labels market between 2022 and 2026

Precise estimation of the labels market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the labels market across APAC, Europe, North America, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of labels market vendors

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The shrink sleeve and stretch sleeve labels market share is expected to increase by USD 3,673.25 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.87%. This report extensively covers shrink sleeve and stretch sleeve labels market segmentation by product type (stretch sleeves label and shrink sleeves label), geography (APAC, North America, Europe, South America, and the Middle East and Africa), application (food and beverage, healthcare, and beauty and personal care), and material (polyvinyl chloride (PVC) sleeve labels, polyethene terephthalate glycol (PETG) sleeve labels, oriented polystyrene (OPS) sleeve labels, polyethene terephthalate glycol (PETG) sleeve labels, and others). The increase in demand for sleeve labels is a major factor driving the global shrink sleeve and stretch sleeve labels market share growth.

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Labels Market Scope

Report Coverage

Details

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.27%

Market Growth 2022-2026

14.58 billion m2

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.7

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 54%

Key countries

US, Canada, China, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Adhesive Products Inc., Amcor Plc, Avery Dennison Corp., Berry Global Group Inc., CCL Industries Corp., Cenveo Worldwide Ltd., CPC Montreuil, Darley Ltd., G3 Enterprises Inc., Heidelberger Druckmaschinen AG, HERMA GmbH, Inland Label and Marketing Services LLC, Intertape Polymer Group Inc., Jet Label, Jindal Films Europe SARL, LINTEC Corp., Mondi plc, Multi Color Corp., Nova Label Co. Inc., Pdc International Corp., SATO America, and WestRock Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Type

5.1 Market segments

5.2 Comparison by Type

5.3 Pressure-sensitive labels - Market size and forecast 2021-2026

5.4 Glue-applied labels - Market size and forecast 2021-2026

5.5 Sleeve labels - Market size and forecast 2021-2026

5.6 In-mold labels - Market size and forecast 2021-2026

5.7 Market opportunity by Type

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic Landscape

7.1 Geographic segmentation

7.2 Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

7.4 Europe - Market size and forecast 2021-2026

7.5 North America - Market size and forecast 2021-2026

7.6 Middle East and Africa - Market size and forecast 2021-2026

7.7 South America - Market size and forecast 2021-2026

7.8 China - Market size and forecast 2021-2026

7.9 US - Market size and forecast 2021-2026

7.10 Germany - Market size and forecast 2021-2026

7.11 France - Market size and forecast 2021-2026

7.12 Canada - Market size and forecast 2021-2026

7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 3M Co.

10.4 Amcor Plc

10.5 Avery Dennison Corp.

10.6 Berry Global Group Inc.

10.7 CCL Industries Corp.

10.8 Cenveo Worldwide Ltd.

10.9 Intertape Polymer Group Inc.

10.10 LINTEC Corp.

10.11 Multi Color Corp.

10.12 WestRock Co.

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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