As per the research conducted by Future Market Insight, during the forecasted period global foam labels market is set to gain a market valuation of USD 284.9 Million in 2023. The market is set to expand with a CAGR of 5.4% to get a market value of USD 482.1 Million by 2033. The sale of foam labels is likely to be strengthened by the top 5 companies and is forecasted to hold the market share 10-15% of the target market by 2033.
Based on the product type, the thermal transfer labels segment is projected to remain the leading among the other product type. The reason behind is the thermal transfer labels versatility, durability, and cost-effectiveness. The thermal transfer labels segment is anticipated to grow 1.8x the current market value during the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2023 | USD 284.9 Million |
| Market Size 2033 | USD 482.1 Million |
| Value CAGR (2023 to 2033) | 5.4% |
| Collective Value Share: Top 5 Countries (2023E) | ~50 to 55% |
The foam labels market accounts for revenue of USD 270.3 million in 2022. Growing demand in the e-commerce and digital retail sector has boosted the sales for foam labels. The market for foam labels is estimated to reach the value of USD 284.9 million for the forecasted period 2023, increasing with a CAGR of 5.4% throughout the projected period.
Foam labels market is projected to grasp incremental growth of USD 211.8 Million. The foam labels market is anticipated to expand 1.7 times the current market value during the forecast period.
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The global foam labels market witnessed a CAGR of 3.8% during the historic period with a market value of USD 270.3 Million in 2022.
In the past few years, the packaging industry is transformed with the addition of advanced technology. Packaging companies are focusing on research and development activities to establish their current product portfolio.
Foam labels have the property of heat transfer which opens up a wide range of applications in the food and beverage industry and allows the players in the food and beverage industry to provide a competitive and innovative edge to the consumer by providing them thermal protection.
The innovative way in which foam label is manufactured gives them a smooth surface and brilliant white color to the foam that enhances the print quality compared to the traditional labels. As the foam labels are available in multiple sizes, shapes, and colors it makes labeling easy for cabinets, machinery and others. This property of foam labels enables it wide range of applications in the industrial sector.
Electricians and machine operators are benefited from thermal transfer foam labels which provide a cost-effective, custom-made labeling solution for identifying cabinets, switches, and equipment.
These foam labels utilize a uniquely formed acrylic glue sponsorship to give dependable, quality signage for applications that require a long-lasting solution.
Beverages cans and bottles are well considered for optimum application for foam labels, as the capabilities of the can are improved due to the insulation property of the foam label, whereas bottles are improved by the 3D effect given by the foam packing along with the enhanced safety for the bottle.
Furthermore, as these labels are wrapped around the bottle or cans they can have removed further for recycling purposes.
The growth in e-commerce and online retail has fuelled the demand for high-quality packaging materials that can effectively protect products during shipping and transit.
Foam labels, with their soft and flexible properties, are becoming a popular choice for many manufacturers. There is a growing trend toward using environmentally-friendly materials in packaging and labeling. Foam labels, being made of lightweight materials, can help reduce the carbon footprint of packaging and shipping.
The development of new printing technologies and materials has allowed for greater customization and design flexibility in foam labels. This has increased the demand for foam labels in various industries.
The on-demand printers and software for the development of foam labels have provided the manufacturer the flexibility to design and customize the labels according to the requirement and demand.
The share of thermal transfer foam labels is growing tremendously with the increase in e-commerce and digital retail activity across the globe, which indicates the rising potential for foam labels in the forecasted period.
Foam labels are very sensitive to external stimuli, which means they are easy to break. This allows the easy detection of any unauthorized touch or access to the product which enhances its application in the tamper-evident market.
The rising awareness in the consumer and strict regulation policies by the local and international regulatory bodies for the safety of the product has led to increased adoption of tampered evident packaging the market for tampered evident packing is projected for USD 1.86 billion in 2023 and is projected to surge with the CAGR of 8% and is estimated to be valued at USD 4.12 billon.
Having immense application in a tamper-evident market the market share of foam labels is expected to rise in the forecasted period.
Microwavable pots are often utilized in microwave food markets. The foam label offers a thermal insulating boundary between the hot food inside the microwavable pots and the consumer's hand. The insulating property of the foam not only provides thermal protection but also keeps the food warm for long period. The foam labels offer protection properties around the glass bottles which helps in avoiding the damage which may be caused during the transportation of the bottles.
The foam labels offer an insulating barrier to cold containers. This helps to keep the product colder for a long period, which helps the brand maximize its selling point. Thus, the market share of foam labels will surge in the forecasted period.
PET is a plastic resin and it is one of the common polyesters. Foam labels manufactured using PET are more durable against heat, various chemicals, and UV. Foam labels made from PET material have excellent mechanical resistance, and good tensile strength, which helps in avoiding the crease. The foam label derived from PET has an ideal application ranging from 1 to 3 years and goes up to 5 to 10 years. In extension to thermal transfer printing, foam labels made up of PET can also be printed by the traditional roll label method.
Depending on the application of the foam label derived from the PET have more durability and possesses very strong adhesive properties. The service temperature for foam labels varies in the range of -80oC - +150oC and the application temperature ranges from -5oC to +10oC.
| Country | USA |
|---|---|
| Market Share (2023) | 20.8% |
| Market Share (2033) | 18.8% |
| BPS Analysis | -200 |
| Country | China |
|---|---|
| Market Share (2023) | 16.5% |
| Market Share (2033) | 16.0% |
| BPS Analysis | -50 |
| Country | India |
|---|---|
| Market Share (2023) | 8.4% |
| Market Share (2033) | 8.9% |
| BPS Analysis | 50 |
| Country | Germany |
|---|---|
| Market Share (2023) | 7.0% |
| Market Share (2033) | 6.8% |
| BPS Analysis | -20 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 4.3% |
| Market Share (2033) | 4.6% |
| BPS Analysis | 30 |
The USA foam label market is expected to surge with a CAGR of 3.7% over the projected period of 2033.
The majority of global players involved in manufacturing foam labels such 3M, Panduit, and others are based out in the USA, their constant research and development for foam labels will augment the sale of foam labels in USA. Another aspect of the surge in the sale of foam labels is the huge expenditure on food consumption in the United States will create a massive demand for the foam label.
According to the Ministry of Chemicals and Fertilizers, the Indian pharmaceutical industry is the world's 3rd largest in terms of volume and 14th largest in terms of volume. The total revenue generated by the Indian pharmaceutical sector was USD 38.5 billion in the year 2019.
India exports generic medicine across the globe, around 20% of world generic medicine is supplied by Indian manufacturers. Having the immense demand of foam labels in India, it can be one of the target markets with immense growth potential for the global players in foam labels. India is estimated to register a CAGR of nearly 5.4% during 2023 to 2033.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.4 % from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Million Sq.m. and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Product Type, End Use, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia & New Zealand |
| Key Companies Profiled | HellermannTyton; Nadco Tapes & Labels, Inc.; Triflex Production Ltd.; William Frick Company-A Trident Company; Omni System Inc.; Labels direct Inc.; Blanco Labels Inc.; McCourt Label Company; AM Labels Ltd.; CDM Labels Ltd.; Herma; Universal Tags Inc.; JK Labels; Distinctive Solutions Inc.; Glenwood Label; Able Label; 3M Company; CCL Industries Inc.; TSC Auto ID Technology |
| Customization & Pricing | Available upon Request |
In 2022, the market size of the global foam labels market was USD 270.3 million.
The global foam labels market is anticipated to reach USD 284.9 million in 2023.
The global foam labels market valuation is expected to reach USD 482.1 million in 2033.
The global foam labels market exhibited a 2.8% of CAGR over the last 4 years.
The projected CAGR for the global foam labels market from 2023 to 2033 is 5.4%.
By product segment, the thermal transfer labels segment of the global foam labels market is expected to garner a significant value share by 2023.
The PET from the material based segment of the global foam labels market is predicted to expand rapidly between 2023 and 2033.
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Foam Labels Market
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