North America Print Label Market – Growth, Trends, and Forecasts (2020 – 2025)
The North America Print Label Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The North America Print Label Market is expected to register a CAGR of 4.56% over the forecast period from 2020 to 2025.
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Top Leading Companies of North America Print Label Market are Fort Dearborn Company, Mondi Group, Cenveo Inc., Autajon Group, Avery Dennison Corporation, CCL Industries Inc., Brady Corporation, Fuji Seal International Inc., Constantia Flexibles Group, FLEXcon Corporation, 3M Company, Multi-Color Corporation and others.
Industry News and Updates:
– July 2020 – CCL Industries Inc. has acquired InTouch Label and Packaging Co., Inc., a specialized short-run digital label converter based near Boston, Massachusetts. The net value of the transaction, net of cash and debt, is approximately USD 10.9 million.
– September 2019 – Fort Dearborn Company made a multi-million dollar purchase of five high-performance HP Indigo labels and packaging presses. The expanded digital capacity containing both HP Indigo 20000 and 6900 digital presses will enable the company to expand production and speed delivery of digitally printed wrap-around labels, cut and stack labels, pressure-sensitive, security labels, and shrink sleeves.
Key Market Trends:
Food & allied products is Expected to Hold Significant Share
– The packaging industry is the primary user of the print label for providing the customers with the necessary information about the product and promoting the brand of the product. For instance, according to The Food and Drug Administration (FDA), packaged and processed food items must have nutritional labeling that makes labeling important. The Digital printing technology demand has been experiencing real demand across the end-user industry sectors, such as in food, beverages, consumer goods, pharmaceuticals, etc. Increasing penetration of organized retail formats, such as supermarkets and hypermarkets and e-commerce, the processed and packaged food market is currently exhibiting strong growth. This is aiding to the growth of the print label market.
– In March 2020, The U.S. Food and Drug Administration (FDA) announced a new policy to provide flexibility for food manufacturers and restaurants that have products on hand that is not labeled for retail sale (i.e., labeled for foodservice). To facilitate food distribution during the COVID-19 pandemic, the FDA released a guidance document, which allows restaurants and food manufacturers to sell food products without nutrition labeling under certain circumstances. Food labeling is required for most prepared foods, such as bread, cereals, canned and frozen foods, snacks, desserts, drinks, etc. Nutrition labeling for raw produce, including fruits, vegetables, and fish, is voluntary. Food Safety and Inspection Service (FSIS) provided similar flexibility for FSIS regulated products last week.
– To maintain the highest levels of product safety and ensure a low environmental footprint of inks, several players have been introducing better quality inks. Siegwerk, a leading provider of printing inks in the region, launched its new, low migration U.V. offset ink range Sicura Litho NutriEco. This ink is well-suited for the Food and Beverage Industry and has a shallow carbon footprint. Apart from enhancing the performance of printing, U.V. cured inks are migration-compliant and hence are ideal for U.V. flexo food packaging and label applications. Sun Chemical, a US-based company, launched SolarVerse, a range of highly pigmented, low viscosity, multipurpose U.V. flexo base concentrates that are ideal for labeling food materials.
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
Influence of the North America Print Label market report:
-Comprehensive assessment of all opportunities and risk in the North America Print Label market.
– North America Print Label market recent innovations and major events.
-Detailed study of business strategies for growth of the North America Print Label market-leading players.
-Conclusive study about the growth plot of Infrared Imaging market for forthcoming years.
-In-depth understanding of North America Print Label market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the North America Print Label market.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The North America Print Label Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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