The projected standing of the global fragile label market will be at USD 7.2 billion by 2034 at a sluggish CAGR of 3%, elevating the market valuation from USD 5.3 billion measured in 2024.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 5.3 billion |
Projected Market Value in 2034 | USD 7.2 billion |
Value-based CAGR from 2024 to 2034 | 3% |
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The global fragile label market was valued at USD 4.7 billion in 2019. This market size increased to USD 5.1 billion by 2023, attributing the advancement to a CAGR of 1.9%.
The surge experienced in the e-commerce network during the pandemic period was the primary market driver. Due to the increased transport of goods during the historical period, the demand for fragile labels increased, encouraging the market to grow.
However, due to the lack of offline business channels during the period, the sales channels of many organizations soared, decelerating the requirement for fragile labels. Hence, this affected the market expansion, restricting its progress to a mere 1.9% growth rate.
Historical CAGR from 2019 to 2023 | 1.9% |
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Forecast CAGR from 2024 to 2034 | 3% |
The post-pandemic period relaxed all the restrictions on businesses, elevating the scope for local and international trade. This is the main demand creator for the subject market.
Brand positioning through enhanced packaging systems is a new key to better business growth. Due to this, RFIDs, barcodes, or QR codes were attached while packing goods. This improves customer interaction, positioning the organization better. Hence, this is another demand generator for the market.
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Many developing economies provide lucrative opportunities to the global fragile label market. The Asia-Pacific region offers the highest growth prospects due to multiple emerging markets. Also, the increasing exports of these countries support the market progress.
North America has a robust e-commerce network. Consequently, the demand for fragile labels is constantly high in the region. Therefore, it contributes to the market development wholesomely. Europe is another key contributor. It is because of technological evolution and sustainability demands.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR |
---|---|
The United States of America | 1.6% |
Spain | 2.1% |
Thailand | 4.1% |
China | 4.7% |
India | 6.4% |
The United States of America forecasts extremely sluggish advancement at a CAGR of 1.6%. The e-commerce network in the country is rapidly growing, demanding better packaging solutions.
The demand for luxury and premium products through the online channel is increasing, surging the demand for fragile packaging. Therefore, these factors drive the fragile label market in the country.
The Spanish market leads Europe with an estimated CAGR of 2.1% through 2034. The glassware and ceramics market in the country is spurring. Moreover, exports of these goods have seen a great spike recently.
Consequently, these delicate and fragile goods require extensive care during their transport, surging the demand for fragile labels. Hence, this drives the subject market in Spain.
Similar to Spain, Thailand is known for its pharmaceutical industry. Many highly sensitive equipment, surgical instruments, and fragile components are exported to various countries.
To avoid damage and ensure safe transport of these highly calibrated instruments, intensive packaging solutions are required. This expands the demand for the fragile label market. Thus, the Thai market is subjected to experience various market forces, forecasting the market progress at a CAGR of 4.1%.
The consumer electronics market in China will likely progress during the forecasted period. Various electronic products are composed of intricate components that require intense packing to avoid damage.
The internal network and the domestic market are also spurring, enabling the internal circulation of raw materials required to manufacture and assemble different electronic components. Thus, the Chinese market will progress at a sluggish to moderate CAGR of 4.7%.
The Indian market estimates the highest advancement in the forecasted period, progressing at a moderate CAGR of 6.4%. Due to the digital transformation and the growth in the retail industry, businesses are positioning themselves through digital platforms.
Consequently, their dispatch requires neat and careful packaging to avoid logistics failure. Thus, the demand for a robust labeling system surges, driving the fragile label market.
Category | Material - Plastic |
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Market Share in 2024 | 63.4% |
Market Segment Drivers |
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Category | Technology - Barcodes |
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Market Share in 2024 | 61.2% |
Market Segment Drivers |
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The competitive landscape of the global fragile label market is vivid due to the presence of many large-scale businesses. Also, these market players govern the growth prospects in the industry.
Due to their higher influential power, they clutter the market. Mergers and acquisitions, partnerships, collaborations, and global expansion are key strategic initiatives to expand the market.
The new entrants have less negotiating power, reducing the available market space. However, diversification of the market might develop new growth prospects. This can be accompanied by product innovation.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 5.3 billion |
Projected Market Valuation in 2034 | USD 7.2 billion |
Value-based CAGR 2024 to 2034 | 3% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | Technology, Material, End Use, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Flexi Labels; Avery Dennison; CCL Industries; International Plastics; Brady Corporation; Seton; Antac Label Materials Inc.; NK Industries; Kenco Label & Tag; GC Labels Inc. |
The fragile label market is projected to advance at a CAGR of 3% through 2034.
The fragile label market is expected to reach USD 7.2 billion by 2034.
The fragile label market will reach USD 5.3 billion in 2024.
The fragile label market's plastic segment will hold 63.4% of the market space in 2024.
The fragile label market's fashion barcode segment will hold 61.2% of the market space in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 5.1. RFIDs 5.2. Holographic 5.3. QR Code 5.4. Barcodes 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 6.1. Plastic 6.2. Paper 6.3. Foil 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food & Beverage 7.2. Personal Care & Cosmetics 7.3. Pharmaceuticals 7.4. Chemical 7.5. Home Care 7.6. Electronics 7.7. Other Industrial 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Flexi Labels 18.2. Avery Dennison 18.3. CCL Industries 18.4. International Plastics 18.5. Brady Corporation 18.6. Seton 18.7. Antac Label Materials Inc. 18.8. NK Industries 18.9. Kenco Label & Tag 18.10. GC Labels, Inc 19. Assumptions & Acronyms Used 20. Research Methodology
Packaging
December 2023
REP-GB-18711
250 pages
Explore Packaging Insights
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