PUBLISHER: Grand View Research | PRODUCT CODE: 1554007
PUBLISHER: Grand View Research | PRODUCT CODE: 1554007
The global variable data printing labels market size was estimated at USD 16.64 billion in 2023 and is projected to grow at a CAGR of 13.6% from 2024 to 2030. The rapid growth of e-commerce and changes in retail packaging requirements are boosting the demand for variable data printing labels. Moreover, an increasing demand for customized and personalized labels is contributing to the market's growth.
Variable data printing (VDP) labels are labels that can be customized with variable information during the printing process. Unlike traditional printing methods, which produce identical labels in bulk, VDP allows for unique and personalized data to be printed on each label. Digital printing technologies and specialized software enable this capability.
VDP of labels offers a wide range of benefits, including flexibility, customization options, and efficiency. Each label can contain different information, such as names, addresses, barcodes, QR codes, serial numbers, and promotional messages. Moreover, VDP can handle a wide range of variable elements, making it suitable for diverse applications across different industries. It aids in maintaining high print quality even with varying data, ensuring consistency and clarity.
Brands are leveraging VDP for innovative marketing strategies, such as personalized promotions and interactive packaging. This helps in brand differentiation and enhance customer engagement. There is an increasing demand for customized and personalized labels, especially in industries such as food and beverages, pharmaceuticals, and consumer goods. VDP allows for the creation of unique labels with individualized information, which is appealing for marketing and compliance purposes.
Technological advancements in digital printing have made VDP more accessible and cost-effective. Improvements in print quality, speed, and the ability to handle complex designs have significantly contributed to the adoption of VDP. Automation and artificial intelligence (AI) are transforming the commercial printing industry by optimizing production workflows, enhancing operational efficiency, and reducing costs. As automation and AI adoption increases, commercial printers can process large volumes of orders with minimal human involvement, leading to faster turnaround times and greater productivity. This is likely to drive significant advancements in the VDP technology.
The growth of e-commerce and retail is driving the demand for VDP by necessitating personalized, efficient, and compliant labeling solutions that enhance customer satisfaction and operational efficiency. Each online order typically requires unique shipping labels, packing slips, and promotional inserts. VDP allows for the efficient production of these customized materials.
Global Variable Data Printing Labels Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global variable data printing labels market report based on component, label, printing method, end use, and region.