Packaging Labels Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Packaging Labels Market was worth USD 51.67 billion in 2023 and will expand at 4% CAGR from 2024 to 2032 due to the rise in online shopping, as retailers are placing greater emphasis on improving product presentation and effectively conveying information to consumers. Coupled with innovations in printing technologies and label design, this trend allows for greater customization and efficiency in label production. Digital printing techniques enable quick turnaround times and intricate designs, appealing to consumer preferences for personalized packaging. As e-commerce continues to expand, the demand for high-quality, visually appealing packaging labels will increase substantially, fueling market growth.

The overall packaging labels industry is classified based on label type, material, printing technology, end-use industry, and region. The pressure sensitive labels segment secured 39% share in 2023, propelled by their ease of use and versatility. These labels can adhere to a wide range of surfaces without requiring additional adhesives, making them ideal for various applications, from food and beverages to pharmaceuticals. Their capability for customization, including vibrant colors and unique designs, enhances brand visibility and appeal.

Furthermore, the growing trend towards automation in packaging processes is driving the adoption of pressure-sensitive labels, solidifying their market dominance. The plastic segment established 4.5% CAGR through 2032, driven by its versatility, durability, and lightweight properties. Plastic labels are increasingly favored for their resistance to moisture and chemicals, making them ideal for various applications, including food and beverage packaging. Additionally, advancements in plastic materials, such as bio-based and recyclable options, align with the growing consumer demand for sustainable solutions.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$51.67 Billion
Forecast Value	$75 Billion
CAGR	4%

As manufacturers focus on enhancing product visibility and branding, the plastic segment continues to gain considerable traction in the market. Asia Pacific packaging labels market witnessed in 2023 a share of 36%, fueled by rapid industrialization and urbanization across the region. The burgeoning e-commerce sector significantly fuels demand for packaging solutions, with companies increasingly investing in innovative label technologies. Additionally, the rising disposable incomes and changing consumer preferences toward branded products enhance market growth.Strong government support for manufacturing and stringent labeling regulations will further bolster this trend, establishing Asia Pacific as a key contributor to the global packaging labels industry expansion.

Product Code: 11352

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology & innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Growing E-Commerce sector
  - 3.7.1.2 Rising consumer preference for sustainable packaging
  - 3.7.1.3 Technological advancements
  - 3.7.1.4 Regulatory requirements
  - 3.7.1.5 Growth in the food and beverage industry
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 Environmental concerns
  - 3.7.2.2 Regulatory restrictions
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Label Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Pressure sensitive labels
5.3 Shrink labels
5.4 Stretch labels
5.5 Wet glue labels
5.6 Others

Chapter 6 Market Estimates & Forecast, By Material, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Paper
6.3 Plastic
6.4 Metal
6.5 Others

Chapter 7 Market Estimates & Forecast, By Printing Technology, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Flexographic
7.3 Rotogravure/Gravure
7.4 Digital printing
7.5 Offset printing
7.6 Hybrid printing

Chapter 8 Market Estimates & Forecast, By End-Use, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Food & beverages
- 8.2.1 Bakery & confectionery
- 8.2.2 Dairy products
- 8.2.3 Frozen food
- 8.2.4 Alcoholic
- 8.2.5 Non-Alcoholic
- 8.2.6 Others
8.3 Pharmaceutical
- 8.3.1 Tablet/Capsules
- 8.3.2 Cream & ointment
- 8.3.3 Liquid syrup
- 8.3.4 Others
8.4 Consumer goods
8.5 Chemicals
8.6 Automotive
8.7 Industrial
8.8 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 3M Company
10.2 Amcor plc
10.3 Anchor Printing
10.4 Avery Dennison Corporation
10.5 Berry Global
10.6 CCL Industries Inc.
10.7 Constantia Flexibles Group GmbH
10.8 Coveris Holding S.A.
10.9 Fort Dearborn Company
10.10 Fuji Seal International, Inc.
10.11 HERMA GmbH
10.12 Honeywell International Inc.
10.13 Huhtamaki Group
10.14 ID Images
10.15 Klockner Pentaplast Europe GmbH & Co KG
10.16 KRIS FLEXIPACKS PVT. LTD.
10.17 Lintec Corporation
10.18 Mondi Plc
10.19 Multi-Color Corporation
10.20 Neenah, Inc
10.21 Resource Label Group, LLC
10.22 Sato Holdings Corporation
10.23 Taghleef Industries Inc.
10.24 UPM Raflatac
10.25 WestRock Company

Packaging Labels Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032