Global Labels Market Report and Forecast 2023-2028

According to the report, the global labels market reached a value of nearly USD 7.07 billion in 2022. Aided by the increasing demand for consumer goods and the burgeoning e-commerce industry, the market is projected at a cagr of 4% to reach a volume of almost 8.6 billion by 2028.

Labels are essential components in packaging, used for identification, decoration, and furnishing product information. They play a crucial role in attracting consumer attention and conveying essential information about the product's contents, usage, and origin. With the proliferation of products on the shelves and the increasing mandate for transparency and traceability, labels have become more than just functional-they are integral to brand image and customer engagement.

The burgeoning retail and e-commerce sectors are significant drivers for the global labels market growth. The need for efficient and effective labelling to track, identify, and market products is paramount, given the global nature of supply chains and the importance of quick, reliable delivery in a fiercely competitive market.

Increasing consumer demand for transparency in product information and tightening government regulations concerning product labelling are also influencing the market. Consumers now want to know more than just the price and name of a product; they want insights into the ingredients, origin, and sustainability practices associated with their purchases.

Focus on sustainability is driving innovation in labels, leading to a heightened labels market demand. Brands are increasingly opting for labels made from recycled or bio-based materials, which are designed to be recyclable, compostable, or reusable, in response to both consumer demand for sustainability and tightening regulations around single-use plastics and packaging waste.

Digital printing technology has emerged as a revolutionary force in the labels market, offering high-quality, cost-effective, and customisable label production. This technology allows for shorter production runs, enabling companies to respond more flexibly to market trends and changes.

Moreover, smart labels, which use technologies such as QR codes, NFC, and RFID, are becoming increasingly prevalent. They provide functionalities beyond traditional identification and decoration, such as anti-theft, tracking, and interactive customer engagement through smartphones.

The Asia Pacific region, with its booming economies and burgeoning retail sectors, accounts for a significant portion of the labels market share. Europe and North America are also key markets, given their established retail sectors and growing demand for sustainable and smart labelling solutions.

Market Segmentation

The market can be divided based on material, application, and region.

Market Breakup by Material

• Paper
• Plastics
• Others

Market Breakup by Application

• Pressure Sensitive
• Glue Applied
• Stretch and Shrink Sleeve
• In-Mould
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global labels market.

Some of the major players explored in the report are as follows:

• CCL Industries
• Multi Packaging Solutions International Limited
• Multi-Color Corporation
• Fuji Seal International, Inc.
• DPS Group
• Others

About the Analyst

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The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.