Global label printing market size

The size of the global label printing market has been growing steadily in recent years. According to the report, during the "13th Five-Year Plan" period, the total output value of the global label printing market has grown steadily at a compound annual growth rate of about 5%, reaching $43.25 billion in 2020. For the market trend in the next few years, it is predicted that during the "Fourteenth Five-Year Plan" period, the global label market will continue to grow at a compound annual growth rate of about 4% to 6%, and the total output value is expected to reach $49.9 billion by 2024.

In China, too, the picture is positive. According to the statistics of the label printing Branch of the China Printing and Equipment Industry Association, from 2013 to 2018, the total output value of China's label printing industry increased from 30 billion yuan to 46.87 billion yuan, with a compound growth rate of 9.33%, and it still maintained a growth rate of 7%-8% in 2019. The China Business Industry Research Institute predicts that the total output value of China's label printing industry will reach 57.08 billion yuan in 2021.

Among them, self-adhesive labels occupy an important market share, with the social and economic development, residents' consumption power continues to improve, people's personalized and fine beautification demand for labels continues to deepen, at the same time, the need to label the scene is also continuing to extend and expand, the label application environment is becoming more and more diversified. Due to the diversification of self-adhesive label printing materials, strong versatility, good printing performance, and high labeling efficiency, its market share has gradually increased.

Overall, both the global and Chinese market, the label printing industry has shown a positive growth trend, and is expected to continue to grow in the next few years.