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The digital label printing solutions market size is forecast to increase by USD 2.32 billion at a CAGR of 6.39% between 2023 and 2028. The growth rate of the market depends on several factors. One key driver is the increasing adoption of digital label printing solutions across various industries due to their flexibility and efficiency. The benefits associated with digital label printing, such as high-quality output, cost-effectiveness, and faster turnaround times, further contribute to this trend. Additionally, the market is fuelled by the availability of advanced digital label printing solutions that offer enhanced features like variable data printing, improved color accuracy, and eco-friendly printing options. These factors collectively drive the market's expansion and highlight its growing importance in the global printing industry. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Digital Label Printing Solutions Market Forecast 2024-2028
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The digital label printing solutions market report includes a comprehensive outlook on the roofing tiles market, offering forecasts for the industry segmented by application, which comprises FMCG, retail, chemicals, healthcare, and others. Additionally, it categorizes product into short-run digital label printing solutions and large-format digital label printing solutions, and covers regions, including North America, APAC, Europe, South America, and Middle East and Africa.
The FMCG segment will account for a major share of the market's growth during the forecast period.? In the FMCG sector, digital label printing solutions are used to produce labels for packaged food products, wine bottles, apparel, toiletries, and kitchenware. They are also used to produce health information labels and distribution labels. Awareness among customers about understanding the contents used to manufacture products is increasing. Hence, the demand for content labels is rising.
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The FMCG segment was valued at USD 1.64 billion in 2018. Moreover, the demand for digital label printing solutions from the FMCG industry will increase. Several application segments acquire products from the major vendors. Such factors will drive the demand for digital label printing solutions from the FMCG segment, which in turn will drive the growth of the global digital label printing solutions market during the forecast period.
Based on product, the market has been segmented into short-run digital label printing solutions and large-format digital label printing solutions. The short-run digital label printing solutions segment will account for the largest share of this segment.?Short-run digital label printing solutions typically create personalized labels and stickers in small batches. They offer short runs, enable quick delivery, and cost less. Short-run digital label printing solutions are commonly used to produce small labels for products such as wine bottles, packaged food products, and water bottles. Therefore, the growth of the global food and beverage market will drive the growth of the short-run digital label printing solutions segment. Several market players offer short-run digital label printing solutions that are compliant with industrial standards and regulations. Thus, such factors under the short-run digital label printing solutions segment will drive the growth of the market during the forecast period. Moreover, the demand for warning labels and stickers, critical for conveying essential safety information and compliance notices on consumer products and pharmaceuticals, is also increasing. The versatility of short-run digital label printing allows for efficient production of these labels in varying quantities, meeting regulatory requirements and ensuring consumer safety across diverse industries.
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North America is estimated to contribute 43% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the digital label printing solutions market growth analysis during the forecast period. The US and Canada hold a significant share of the market in North America due to the rapid growth of the labeling industry in the region. Some major market players that offer digital label printing solutions in the North Americas include Afinia Label, HP Development, ID Technology, Primera Technology, and Durst.
Besides, many application industries in North America are installing the digital label printing solutions offered by the major market players Furthermore, the growth of the pharmaceutical industry in Canada is expected to increase the requirements for digital printing. The growth of the e-commerce market in the US is expected to increase the demand for digital label printing solutions in the country during the forecast period.
Experience the pinnacle of label printing with our high-resolution digital label printers. Our solutions offer customized label printing with low setup times, catering to on-demand labeling needs. Utilizing digital printing technology, we deliver photographic-quality graphics, crisp text, and vibrant colors. Partnering with packaging companies and printing service providers, we offer tamper-proof and anti-counterfeit labeling solutions. With high-speed printers and full-label inspection systems, we ensure high-quality printing for short print runs. Embrace adaptable digital printing technologies like laser and inkjet for personalized labeling, revolutionizing the labeling industry. Elevate your branding and marketing with our comprehensive digital label printing solutions. Enter the era of precision and efficiency with our high resolution digital label printers, delivering customised label printing for on-demand labelling needs in the market.
Many end-user and application sectors from different industries have been investing in high-quality and efficient digital label printing solutions. For instance, in June 2021, Domino Digital Printing Solutions and its longtime partner, Harn Engineering Solutions, opened their Digital Centre of Excellence in Bangkok, Thailand. With its use for pre-sales, samples, live and virtual product demonstrations, and post-sales customer training and development activities, the Centre offers an exciting chance to boost sales and growth throughout the APAC area.
Likewise, in May 2021, HP announced a new wave of innovations for HP Indigo digital printing, supporting momentum, growth, and digital transformation at Dscoop Edge Fusion 2021. Increasing adoption of digital label printing solutions by application segments will drive the growth of the global digital label printing solutions market during the forecast period.
Several market players are making significant research and development (R&D) investments to develop new products to increase their market share. For instance, Xeikon launched two new digital label printing presses in February 2021. The Xeikon CX30 and Xeikon CX50 are based on Cheetah 2.0 technology with new-generation interfaces and cloud connection.
Similarly, HP announced the launch of a new wave of innovations for HP Indigo digital printing, supporting momentum, growth, and digital transformation at Dscoop Edge Fusion 2021. Thus, such initiatives to launch new products are expected to drive the growth of the global digital label printing solutions market during the forecast period.
Products such as flexographic label printing solutions are substitutes for digital label printing solutions. The flexographic label printing process uses flexible plates to transfer the ink onto a substrate. It is an economical alternative to medium-to-long print runs, simple designs, and color combinations. Flexographic label printing solutions can achieve quick line speeds. The production speed of flexographic label printers is higher, and the inks are cheaper than digital label printers.
Moreover, the demand for flexographic labels is also increasing as they can be applied to nearly all types of packages. Flexographic labels can be printed on a variety of materials, including metal films, plastics, and paper. Flexographic label printing can be used to produce prime product labels, industrial labels, tamper-evident labels, warning labels, medical labels, and barcodes. Therefore, the availability of substitutes is a challenge that may impede market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Afinia Label, Durst Group AG, Electronics For Imaging Inc., Heidelberger Druckmaschinen AG, HP Inc., Intec Printing Solutions Ltd., iSys Label, Konica Minolta Inc., Mark Andy Inc., MPS Systems BV, NeuraLabel Printing Solutions, Primera Technology Inc., Pro Mach Inc., Roland DG Corp., SCREEN GP Americas LLC, Seiko Epson Corp., Star Label Products, Xeikon, and Xerox Holdings Corp.
Technavio digital label printing solutions market research report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
In the dynamic and evolving world of digital packaging, the demand for digital label printing solutions continues to surge. These solutions offer customized labels with photographic quality graphics, crisp text, and vibrant colors that resonate with consumers and enhance brand recognition. Flexographic printing, a popular technology in the labelling industry, is increasingly being complemented by highspeed printers and on-demand digital printing to cater to short print runs and personalised labelling needs. Moreover, the importance of tamperproof and anticounterfeit labeling solutions in ensuring product safety and authenticity cannot be overstated. High-quality printing technologies, such as laser and inkjet, are being adopted to provide adaptable label printing solutions that meet the diverse requirements of various industries. Full-label inspection systems ensure the highest standards of quality and consistency, while digital printing technologies enable branding and marketing teams to respond quickly to market trends. In conclusion, the digital label printing solutions market is characterized by its ability to deliver customized, high-resolution labels with quick turnaround times, making it an indispensable tool for businesses seeking to differentiate their products and stay competitive.
The market is witnessing substantial growth driven by the rising demand for custom labels in various sectors, including the food and beverages, cosmetics, and pharmaceuticals industries. Packaging companies and printing service providers are embracing digital printing technology to offer photographic-quality graphics and vibrant colors that enhance product appeal. Moreover, the market is benefiting from the adoption of tampering and counterfeiting protection solutions, particularly in sectors where product authenticity is critical. Inkjet technology and water-based coloring are becoming popular choices for small- and medium-scale enterprises seeking cost-effective printing solutions. With the advancement of InPrinting technology and Smart Coloring, digital label printing processes are becoming more efficient and environmentally friendly, catering to the evolving needs of the e-commerce industry and clinical logistics solutions.
The market is experiencing significant growth, driven by the demand from various sectors such as the food and beverages, cosmetics, and pharmaceuticals industries. Commercial printers are increasingly adopting digital label printing technology to meet the diverse needs of these sectors. With the rise of e-commerce, there is a growing need for point of sale labels that are visually appealing and informative. Additionally, traditional label printers are upgrading their systems to incorporate digital capabilities, while textile-specific printing systems are revolutionizing the clothing, fashion, and sportswear categories. Moreover, digital label printing solutions are proving invaluable in scanning and archiving documents and data, including financial records, advertisements, books, and e-books.
The digital label printing solutions market research and growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Billion for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Digital Label Printing Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.39% |
Market Growth 2024-2028 |
USD 2.32 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.51 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 43% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks, digital label printing solutions market industry report. |
Key companies profiled |
Afinia Label, Brother Industries Ltd., Durst Group AG, Electronics For Imaging Inc., Heidelberger Druckmaschinen AG, HP Inc., Intec Printing Solutions Ltd., iSys Label, Konica Minolta Inc., Mark Andy Inc., MPS Systems BV, NeuraLabel Printing Solutions, Primera Technology Inc., Pro Mach Inc., Roland DG Corp., SCREEN GP Americas LLC, Seiko Epson Corp., Star Label Products, Xeikon, and Xerox Holdings Corp. |
Market dynamics |
Parent market analysis, Market forecasting and growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period, digital label printing solutions market share. |
Customization purview |
If our digital label printing solutions market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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