North America Print Label Market Growth, Trends, and Forecasts Report 2021-2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America Print Label Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The North America Print Label Market was valued at USD 7.59 billion in 2020, and it is expected to reach USD 9.44 billion by 2026, registering a CAGR of 3.7% during the forecast period, 2021-2026

The growth of the print label market is augmented by the rapid rise of digital print technology in the region, which has made the print labels market more sophisticated and has increased the adoption of print labels globally. Their flexibility and versatility, combined with the high graphics standards, are the key growth features.

Digital technology has met various end-user industries' varied requirements in making attractive label designs to encourage potential consumers to make purchases. The combination of digital technology with the existing label printing technique will bring a massive change to all the small-scale and large-scale sectors, improving the overall market.

Flexography printing is expected to account for significant growth in the print label market. According to luminate, an expanding economy, more manufacturing activity, and rising retail sales will help the United States flexo market reach around USD 20 billion. With the increase in automation, customers want their products as close to the order time as possible. Faster turnaround times are becoming more critical than ever to meet demand.

Flexographic printer with continuous print solutions, more software integrations into the presses and technologies, and durability will meet customer demand in shorter lead times. Furthermore, Alphasonics USA, based in Virginia, and Eaglewood Technologies in Minnesota, have announced a strategic partnership designed to bring the one of the most advanced anilox cleaning technologies to the flexographic printing market.

The expansion of retail, growth of e-commerce, recent regulations, and the rising transition of existing players to digital packaging is expected to facilitate the development of the Print Labels Market in Canada. It is likely that an additional 5.21 million users would be shopping online by 2021, according to data released by export.gov.

According to StatCan, with the outbreak of COVID-19, the e-commerce retail trade sales accounted for CAD 3.4 billion in April 2020, which is an increase of 56% compared in March 2020. This is expected to create a considerable demand for labels. Additionally, Amazon launched its transparency program to serialize products sold on its platform with a T-shaped QR-style tag to identify counterfeit items.

Another trend that re-inforces the move towards digital in Canada is the growing interest shown by label converters and Canadian offset printers in entry-level prime label solutions to diversify into the narrow web roll label market.

Web sales are up significantly year over year as the widespread coronavirus still keeps many shoppers at home and away from physical stores. However, online spending is tapering, according to new research from Adobe Analytics. Adobe Analytics reported that while total United States online sales reached USD 73.2 billion in June 2020, up 76.2% compared with USD 41.5 billion in 2019, online spending is down 11.3% from May's USD 82.5 million.

Daily online grocery sales fell 18% in June 2020 compared with May 2020 as consumers returned to brick-and-mortar stores in reopened states. However, the significant increase in online sales in 2020 compared to 2019 is expected to impact the print labels in the region positively.

Competitive Landscape

The North America print label market is highly competitive and moderately fragmented with the presence of significant players such as Fort Dearborn Company, Mondi Group, Avery Dennison Corporation, CCL Industries, Inc., etc. The companies are increasing their presence in the market by introducing new offerings or entering into strategic partnerships or acquisitions.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET DYNAMICS

5.1 Factors Driving the Market

5.1.1 Significant Evolution of Digital Print Technology

5.2 Factors Challenging the Market

5.2.1 Lack of Products with Ability to Withstand Harsh Climatic Conditions

6 MARKET SEGMENTATION

6.1 By Printing Technology

6.1.1 Flexography

6.1.2 Offset/Lithography

6.1.3 Screen

6.1.4 Gravure

6.1.5 Letterpress

6.1.6 Digital

6.2 By Label Type

6.2.1 Pressure Sensitive Label

6.2.2 Wet Glued Label

6.2.3 In-Mold Label

6.2.4 Sleeve

6.2.5 Other Label Types

6.3 By End-User Industry

6.3.1 Food & allied products

6.3.2 Beverage

6.3.3 Healthcare

6.3.4 Cosmetics & Toiletries

6.3.5 Household

6.3.6 Industrial

6.3.7 Other End-User Industries

6.4 By Country

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

7.1.1 Fort Dearborn Company

7.1.2 Mondi Group

7.1.3 Cenveo Inc.

7.1.4 Autajon Group

7.1.5 Avery Dennison Corporation

7.1.6 CCL Industries Inc.

7.1.7 Brady Corporation

7.1.8 Fuji Seal International Inc.

7.1.9 Constantia Flexibles Group

7.1.10 FLEXcon Corporation

7.1.11 3M Company

7.1.12 Multi-Color Corporation

8 FUTURE OUTLOOK OF THE MARKET

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