The business is also expected to generate a dollar opportunity worth US$333.5 million over the next 10 years. This high-speed improvement in the label printing software market is likely to drive increased interest in cutting-edge printing innovation.
According to a market concentrate recently distributed by Future Market Insights, guaranteed by ESOMAR, the global label printing software market is expected to represent a market of US$585 million in 2022. The company is also expected to register a CAGR of 4 ,6. % from 2022 to 2032, reaching US$918.5 million.
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Growing interest in decreasing the heaviness of item bundling should help the market during the guess period. For example, Nestle Waters North America has reduced the size of its container labels by 35%. This has saved approximately 30,000 metric lots of plastic and 4,500 tons of paper annually.
Growing concerns about the environment have generated a considerable need for environmentally friendly methods. Avery Dennison’s CleanFlake, a fully recyclable water-based adhesive, provides a unique solution that allows the label and adhesive to be completely removed during the pellet flotation process, leaving pure PET flakes.
Player-to-player acquisitions have also boosted the growth of the market. In April 2022, Fortis Solutions, a provider of high-impact printed packaging solutions, announced the acquisition of Canadian company Profecta Labels. Profecta Labels provides flexographic and digital solutions for printing labels and flexible packaging.
Regionally, the United States is expected to dominate the market. Growing deployment of NFC tags in the food and beverage market is another prominent cause increasing the market size over the forecast period.
Heinz, an American food processing company, is using an augmented reality-based app to allow users to access secret recipe books by getting the smart label printed on the product through smartphones. APAC, on the other hand, is expected to be the most lucrative market. The growth can be attributed to the presence of developing countries, rapid urbanization and the growing popularity of e-commerce.
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Key insights from market research
Global Label Printing Software Market to Grow 1.6x from 2022 to 2032
Label Printing Software Market S Expected to Secure US$316.7 Million by 2032
By deployment, cloud-based label printing software is expected to lead the market, registering a CAGR of 4.2%
By application, large enterprises are expected to show a CAGR of 4.5% over the forecast period
The market in China is expected to grow at a CAGR of 3.8% during the forecast period
K is expected to get a market value of US$39.8 million by 2032
“With the growing popularity of environmentally friendly methods and the emergence of IoT, machine learning in the printing industry is expected to support the market growth over the forecast period,” remarks a IMF analyst.
Major market players include Zebra Technologies Corporation, Endicia, Online Labels, Seagull Scientific, and Loftware, Inc. Key industry developments include:
In March 2021, Fort Dearborn, an American supplier of high-impact decorative food, beverage and other labels, announced the acquisition of Hammer Packaging Corporation. This will help Fort Dearborn strengthen its position in the decorative labels and packaging market by increasing the company’s geographic footprint, capabilities and capabilities.
In February 2021, Mondi Group, a UK-based multinational packaging and paper group, rolled out two new sustainable paper-based EverLiner products called EverLiner MR and EverLiner Labelite. They were created from recycled and lightweight materials.
In April 2021, Neenah Inc., an American manufacturer of specialty materials, obtained nine bio-based products certified by the United States Department of Agriculture (USDA) in its line of sustainable labeling solutions, confirming its commitment to the efforts of durability.
More valuable information
Future Market Insights in its new offering presents an unbiased analysis of the global label printing software market, showcasing historical analysis from 2015 to 2021 and forecast statistics for the period 2022-2032.
The study reveals critical insights based on application (large enterprise, SMB), deployment (on-premises, cloud-based), and region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America)
What are the restraining factors in the Global Label Printing Software Market?
The high cost of label printing devices is expected to hamper the market growth over the forecast period. Also, lack of investment in the industry is expected to be another cause hindering the valuation tenure market.
However, the emergence of innovative eco-friendly ideas and rapid digitalization are expected to act as a strong counterbalance to the troublesome cause that can boost the market growth over the forecast period.
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Key segments profiled in the Label Printing Software Market report
Global Label Printing Software Market by Application:
Global Label Printing Software for Large Enterprises
Global Label Printing Software for SMBs
Global Label Printing Software Market by Deployment:
Global on-premises label printing software
Global cloud-based label printing software
Global Label Printing Software Market by Region:
Global North America Label Printing Software Market
Global label printing software market in Europe
Global Label Printing Software Market in Asia-Pacific
Global Label Printing Software Market in Middle East and Africa
Global Label Printing Software Market in Latin America
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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