Extended Text Labels Market by Type and Geography - Forecast and Analysis 2022-2026

The extended text labels market share is expected to increase by USD 1.46 billion from 2021 to 2026, at a CAGR of 4.76%.

This extended text labels market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers extended text labels market segmentation by type (re-sealable and non re-sealable) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The extended text labels market report also offers information on several market vendors, including Abbey Labels Ltd., Adcraft Labels, Cimarron Label, Columbine Label Co. Inc., Coveris Management GmbH, Denny Bros Ltd., Faubel and Co. Nachf. GmbH, FlexoPartners Inc., JH Bertrand Inc., Lofton Label and Packaging Inc., Multi Color Corp., NSD International BV, Passion Labels and Packaging Inc., Primeflex Inc., PrintFlex Graphics, Resource Label Group LLC, Schreiner Group GmbH and Co. KG, Star Label Products, Tapecon Inc., and Weber Packaging Solutions Inc. among others.

What will the Extended Text Labels Market Size be During the Forecast Period?

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Extended Text Labels Market: Key Drivers, Trends, and Challenges

The rising focus on improving the shelf life of products is notably driving the extended text labels market growth, although factors such as the increase in prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the extended text labels industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Extended Text Labels Market Driver

One of the key factors driving growth in the extended text labels market is the rising focus on improving the shelf life of products. The shelf life is the extent to which a product can be stored in its packaging before being used or consumed. The long shelf life of products ensures that products reach their destination before they perish. Extended text labels are highly effective in improving the shelf life of products. The need to extend the shelf life of food items and reduce wastage has led to the emergence of extended text labels. Food products that use extended text labels do not need any additives. Foods filled in extended text labels do not lose their nutritive properties and retain their original taste for a longer period. Therefore, owing to these advantages and the rising focus on improving the shelf life of food products, consumers increasingly prefer food products that are contained in extended text labels. This, in turn, will have a positive impact on the growth of the global extended text labels market.

Key Extended Text Labels Market Trend

The increased implementation of barcode technology is an extended text labels market trend that is expected to have a positive impact in the coming years. Barcodes are a major method of product identification and are the most predominant track-and-trace technology. They are important for supply chain management as they document and secure a wide range of information, including that related to the product manufacturing date, location, batch number, and expiry date. Therefore, barcode labels act as security labels for the product. There has been an increase in demand for barcode labels from the food and beverage industry across the world as this industry is opting for pressure-sensitive labels with 2D and 3D barcode technology. The implementation of 2D and 3D barcodes is a major trend in the global extended text labels market. Therefore, increased implementation of barcode technology will positively impact the growth of the global extended text labels market.

Key Extended Text Labels Market Challenge

The increase in prices of raw materials will be a major challenge for the extended text labels market during the forecast period. There has been an increase in the price of raw materials from 2020, including paper, plastic resins, adhesives, additives, and wood pulp. This increase in prices negatively affects both label suppliers and buyers. Thus, the increase in the price of raw materials results in an increase in the manufacturing costs of labels. Moreover, vendors cannot increase the price of labels, which reduces their profit margins. In addition, the price of additives is expected to increase, which will affect the price of label applications on products. To maintain their price margins, vendors in the global extended text labels market are increasing the prices of their labels, which, in turn, is reducing the sales volume as consumers consider the labels too expensive. Thus, the volatility in raw material prices and price wars due to the availability of substitute labels are anticipated to hinder the growth of the global extended text labels market.

This extended text labels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global extended text labels market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the extended text labels market during the forecast period.

Who are the Major Extended Text Labels Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Abbey Labels Ltd.
• Adcraft Labels
• Cimarron Label
• Columbine Label Co. Inc.
• Coveris Management GmbH
• Denny Bros Ltd.
• Faubel and Co. Nachf. GmbH
• FlexoPartners Inc.
• JH Bertrand Inc.
• Lofton Label and Packaging Inc.
• Multi Color Corp.
• NSD International BV
• Passion Labels and Packaging Inc.
• Primeflex Inc.
• PrintFlex Graphics
• Resource Label Group LLC
• Schreiner Group GmbH and Co. KG
• Star Label Products
• Tapecon Inc.
• Weber Packaging Solutions Inc.

 

This statistical study of the extended text labels market encompasses successful business strategies deployed by the key vendors. The extended text labels market is fragmented and the vendors are deploying growth strategies such as focusing on expanding their geographical footprint by establishing manufacturing units, especially in emerging markets such as APAC to compete in the market.

Product Insights and News

• Cimarron Labe - Cimarron Label is a privately held company headquartered in the US. It is a country company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global extended text labels market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Cimarron Labe - The company offers extended text labels such as Booklets, 2 Ply Labels, and Leaflets. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The extended text labels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Extended Text Labels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the extended text labels market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Extended Text Labels Market?

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35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for extended text labels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Lifestyle and demographic changes, especially in the middle-class population in developing countries, are driving the demand for packaged food and beverages. This will facilitate the extended text labels market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Private consumption expenditure in India declined by 6% during FY2020-2021 compared with the previous year owing to the outbreak of COVID-19 in 2020. This decrease in consumption expenditure negatively impacted the growth of the market in 2020. However, new capital investments and strategic M and A are expected to positively influence market growth during the forecast period. The rapid vaccination drives resulted in a revival of operations in end-user industries, such as chemical and food and beverage, which is anticipated to boost market growth during the forecast period.

What are the Revenue-generating Type Segments in the Extended Text Labels Market?

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The extended text labels market share growth by the re-sealable segment will be significant during the forecast period. The focus on utility and ease within the packaging industry has played a significant role in enhancing the growth of the re-sealable label segment. Moreover, the advancements in the packaging industry have positively influenced the growth dynamics of the re-sealable labels segment. Therefore, the re-sealable label segment of the global extended text labels market is expected to grow at a rapid pace during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the extended text labels market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Extended Text Labels Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.76%
Market growth 2022-2026	$ 1.46 billion
Market structure	Fragmented
YoY growth (%)	5.24
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 35%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Abbey Labels Ltd., Adcraft Labels, Cimarron Label, Columbine Label Co. Inc., Coveris Management GmbH, Denny Bros Ltd., Faubel and Co. Nachf. GmbH, FlexoPartners Inc., JH Bertrand Inc., Lofton Label and Packaging Inc., Multi Color Corp., NSD International BV, Passion Labels and Packaging Inc., Primeflex Inc., PrintFlex Graphics, Resource Label Group LLC, Schreiner Group GmbH and Co. KG, Star Label Products, Tapecon Inc., and Weber Packaging Solutions Inc.
Market dynamics	Parent market analysis, Market 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.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Extended Text Labels Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive extended text labels market growth during the next five years
• Precise estimation of the extended text labels market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the extended text labels industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of extended text labels market vendors

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