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Variable data printing on facestock is projected to increase at the highest rate by 2021

 The Variable Data Printing Market in Labels is projected to grow from USD 10.79 Billion in 2016 to USD 22.27 Billion by 2021, at a CAGR of 15.61% from 2016 to 2021.

Browse 223 market data tables with 42 figures spread through 222 pages and in-depth TOC on "Variable Data Printing Market in Labels by Label Type (Release Liner, Linerless), Composition (Facestock, Topcoat), Printing Technology (Thermal Transfer, Direct Thermal, Electrophotography, Inkjet), End-use Sector, Region - Forecast to 2021"

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On the basis of printing technology, the market has been categorized into thermal transfer, direct thermal, electrophotography, and inkjet. The inkjet printing technology is projected to grow at the highest CAGR from 2016 to 2021 due to the huge demand for this type of printing in the industrial applications as it prints finer, smoother details through higher print head resolution.


The end-use sectors for the market are food & beverage, consumer durable, pharmaceutical, home & personal care, and retail sector. The demand from the food & beverage sector is projected to grow at the highest CAGR during the forecast period. The growing demand of consumer awareness about product ingredients, packed food trends, and rise in the consumption of healthy food has led to the increase in demand for food & beverage sector in variable data printing market.

North America dominated the variable data printing market in labels in 2015 and is projected to remain the market leader through 2021. However, Asia-Pacific is projected to register the highest growth rate from 2016 to 2021. Rising disposable incomes and changing preferences of consumers towards informed buying and growing concerns among the manufacturers about the printing of varied data in a cost- and time-efficient manner have driven the growth of this market in this region.

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The key players in the variable data printing market in labels are HP Inc. (U.S.), Canon Inc. (Japan), 3M Company (U.S.), Xerox Corporation (U.S.), R.R. Donnelley & Sons Company (U.S.), Mondi Plc (South Africa), Avery Dennison Corporation (U.S.), Quad/Graphics Inc. (U.S.), Cenveo, Inc. (U.S.), and WS Packaging Group, Inc. (U.S.).

 

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