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.
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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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