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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.
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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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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