The annual growth rate of the label market in the

2022-10-18
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The annual growth rate of the label market in the past five years can reach 2.8%

release date: Source: label and labeling editor: Yujia browsing times: 2163 copyright and disclaimer

core tip: according to the exclusive data disclosed by Smithers Pira's future of label printing to 2022, the value of the global label market in 2017 was 34.46 billion US dollars. In the next five years, the annual growth rate of the label market can reach 2.8%, and by 2022, The value of the label market will reach 39.5 billion US dollars

[China Packaging News] according to the data exclusively disclosed by Smithers Pira's future of label printing to 2022, the value of the global label market in 2017 was $34.46 billion. In the next five years, the annual growth rate of the label market will reach 2.8%. By 2022, the value of the label market will reach $39.5 billion

according to the report, the average annual growth rate of the wide format printing market is only about 1.2%, in sharp contrast to the label market, because Li Le, a traditional terminal application, said that profits are being eroded by electronic media. Labels, like packaging, are more resistant to this threat. Especially in some newer markets, labels still have great commercial potential, because these markets are developing towards buying more labeled products

in 2017, the total number of labels was equivalent to more than 465billion A4 papers. Now Asia accounts for 46% of the total number of labels in the world. At the same time, during the study period, Asia maintained a growth above the average, with a contribution rate of 48% to the development of the label market. The only region with a higher average annual expansion rate than Asia is the emerging African market, but by 2022, this market will account for less than 4% of global supply

the report also mentioned that there are still many new business potentials to tap in mature markets. For example, new labeling laws are being introduced in the pharmaceutical supply chain in the United States and the European Union. A recent example is the introduction of the false drugs directive (FMD) in Europe in 2018. The Directive requires that each independent package must have a two-dimensional code prescribed by law as the unique identifier prescribed by law. According to the on-site maintenance law, the label materials used on drug packaging, including folding cartons, must also integrate tamper proof performance and be convenient for users; It is mandatory

in the analysis of label form, Smithers Pira's report believes that self-adhesive labels are still the leading products with universal fastener testing machine testing standards, accounting for 58% of the market share in 2017. In the next five years, the growth rate of this part of the market will still be higher than the average growth rate. The same growth also includes shrink film labels and in mold labels, while the market share of wet label will decline

the report also analyzes the current market situation of digital label printing. The report shows that in the past decade, narrow width rotary label printers have taken the lead in the application of digital technology (including toner and inkjet systems), and this trend is "far from over", and new printing machines with large production capacity are launched every year. Now, the market value share of digital printing has reached 29.3%, while it was only 20.8% in 2012, and it may reach 35.6% by 2022. In terms of printing volume, the market proportion of digital printing is low, which was 13% in 2017 and 17.9% by 2022, which reflects that digital printing is mainly used in short edition and high value-added products. In terms of printing methods, the growth of toner printing technology is relatively low, about 1% per year, while the annual growth of inkjet printing technology can reach 16.5% in the same period. In terms of analog printing technology, the expected growth comes from sheet fed and cold set offset printing, although the latter is generally used as high-volume, low-value printing

the report further points out that now many printing service providers are beginning to accept hybrid printing technology and increasingly integrate digital printing technology, because their production capacity is growing and the average number of printing by customers is declining

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