Label Color Printing Market Size And Forecast
The Global Label Color Printing Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Label Color Printing Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
The Global Label Color Printing Market was valued at USD 1.67 Billion in 2019 and is projected to reach USD 2.41 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
What is Label Color Printing Market?
Labels are useful for various purposes such as product identification, name tags, advertising, warnings, and other communication. Such labels can be either colorful or monochrome. Label color printers are widely used for producing labels in full color, quickly and efficiently. These printers are computer printers printing on self-adhesive label material and/or card-stock (tags). With the help of a label color printer, the user can print customer’s logos with their requested information on a short run of labels. It also allows the user to make products more unique, and stand out from the competition.
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Global Label Color Printing Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The market for label color printing is gaining traction owing to the benefits offered by an on-demand color printer. Such printers are used in a wide range of applications ranging from manufacturing and retail to pharmacy, healthcare, and ticketing. Also, a rise in private label brands and product customization has significantly helped in boosting the color label printing market. With the technologies enhancing, the market is developing high-performance printers and offering a very high quality and reliable label color printer, therefore showing promising growth in the future. However, label Color printers require a high investment cost and therefore it could potentially affect the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Label Color Printing Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.
Based on Type, the market is bifurcated into Inkjet Printers and Laser Printer. Laser Printer accounted for the largest market share in 2019. Laser printers offer the fastest color label printing options compared to inkjet laser printing for high volume color label printing. The market for the laser printer is expected to grow at an exponential rate over the period Owing to the growing adoption of most advanced LED laser label printing technology.
Global Label Color Printing Market by Application
On the basis of application, the Global Label Color Printing Market has been segmented into Food labels, Beverages labels, Cosmetics, Pharmaceutical labels, Retail Products, and Others. Food labels accounted for the largest market share in 2019 followed by Retail Products. The food labels are popularly used on packaged food items as a nutritional facts label to provide the nutrient contents in the food for the consumers. Also, it provides an attractive color label on food products to attract the consumers, therefore holding the major market share.
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On the basis of regional analysis, the Global Label Color Printing Market is classified into North America, Europe, Asia-Pacific and Rest of the world. Asia-Pacific is expected to hold the largest market share of the Label Color Printing over the forecast period. The label industry in Asia-Pacific is predominantly driven by the packaging industry from the healthcare and personal care sectors. The expanding processed food and pharmaceutical industries are the major driving factors in the region.
Global Label Color Printing Market Competitive Landscape
The “Label Color Printing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Seiko Epson Corporation, Afinia Label (Microboards Technology), Primera Technology, Inc., VIPColor Technologies Pte Ltd, Addmaster Corporation, and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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