After a detailed analysis of the label market, Future Market Insights recently published a study on the laser label market. According to the report, sale of laser labels is speculated to hold a USD 4.2 billion valuation in 2024.
Analysts at FMI’s packaging department predict that this demand could rise to equate to a valuation of USD 5.2 billion by 2034. This is expected to be translated after following a CAGR of 1.7%.
| Attributes | Details |
|---|---|
| Laser Label Market Value for 2024 | USD 4.2 billion |
| Laser Label Market Value for 2034 | USD 5.2 billion |
| Laser Label Market Forecast CAGR for 2024 to 2034 | 1.70% |
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As key markets such as the United States and Europe attain maturity in the packaging sector, the scope for laser labels is poised to remain moderate in the next few years.
From recessionary pressures induced by a general economic slowdown and the COVID-19 pandemic, the market experienced sluggish expansion from 2019 to 2023, registering a 2.2% CAGR.
| Historical CAGR | 2.20% |
|---|---|
| Forecast CAGR | 1.70% |
Going forward, from 2024 to 2034, factors such as a rise in demand for product identification, branding, and logistics management will contribute to the sustained growth of the laser label market.
The CAGR for the laser label market from 2024 to 2034 stands at 1.70%, indicating a slight deceleration in growth compared to the historical period.
Several factors contribute to the downward trend, inclusive of market saturation in mature regions, evolving consumer preferences towards alternative labeling solutions, and economic fluctuations affecting business investments.
Despite the forecasted slowdown, the laser label market is predicted to maintain a steady growth trajectory, propelled by ongoing industrial activities, e-commerce expansion, and the continuous need for efficient labeling solutions across diverse sectors.
Rising Prevalence of e-commerce to Generate More Demand for Laser Labels
The expeditious expansion of e-commerce has significantly accelerated the demand for laser label. E-commerce companies require efficient, high-quality labeling solutions for packaging, shipping, and tracking.
Laser label offer precise printing, durability, and barcode compatibility, making them essential for streamlining logistics operations and enhancing customer experiences in the e-commerce sector.
Principal Consultant
Rivalry from Alternative Technologies may Challenge Expansion Prospects
The laser label market faces competition from alternative labeling technologies, such as thermal transfer printing, direct thermal printing, and inkjet printing. These technologies offer different printing methods, substrate compatibility, and cost-effectiveness, catering to diverse labeling requirements.
Companies seeking cost-efficient and flexible labeling solutions may tend to opt for alternative technologies that better suit their specific needs, hindering the growth of the laser label market.
The below section shows the leading segment. Based on the printer type, the color segment is accounted to hold a market share of 76.3% in 2024. Based on material type, the plastic segment is accounted to hold a market share of 54.2% in 2024.
Color printing allows businesses in creating visually appealing label, packaging, and promotional materials that adequately communicate brand identity, product information, and marketing messages. Plastic laser labels offer superior resistance to moisture, chemicals, tearing, and abrasion in substitution to paper-based alternatives.
| Category | Market Share in 2024 |
|---|---|
| Color | 76.3% |
| Plastic | 54.2% |
Based on printer type, the color sector is accounted to hold a market share of 76.3% in 2024. The market segment strongly prefers color printing in various industries and applications. Color printing offers advantages like enhanced visual appeal, better brand representation, and improved readability.
In marketing, advertising, and retail, color printing is important for creating eye-catching product label, promotional materials, and packaging designs that attract attention and effectively convey brand messages to consumers.
In office environments, color printing is endorsed for producing professional-quality documents, presentations, and reports, welcoming team communication and collaboration.
Based on material, the plastic sector is accounted to hold a market share of 54.2% in 2024. Plastic laser labels offer durability, moisture, and tear resistance, making them suitable for various applications requiring long-lasting and robust labeling solutions.
Industries such as manufacturing, logistics, and healthcare often require label that can withstand harsh environments, chemical exposure, and rough handling during transportation and storage.
Plastic laser labels meet these requirements and are preferred for product labeling, asset tagging, and outdoor signage applications. Plastic labels offer excellent printability and compatibility with laser printers, allowing for high-quality and precise text, graphics, and barcode printing.
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The table mentions the top five countries ranked by revenue, with India holding the top position.
Extensive usage in retail, pharmaceuticals, logistics, and manufacturing sectors dominates the market in India.
Laser label are necessary for product labeling, packaging, and inventory management, which support streamlined operations and efficient supply chain logistics and contribute to enhanced brand visibility and regulatory compliance across diverse industries.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| United States | 0.7% |
| Germany | 0.5% |
| France | 1.2% |
| China | 4.7% |
| India | 5.4% |
In the United States, the laser label market is primarily utilized across various industries such as retail, logistics, healthcare, and manufacturing.
Laser label find extensive applications in retail for product labeling, barcoding, and packaging, facilitating efficient inventory management and enhancing customer experiences.
Laser label are employed in manufacturing industries for asset tagging, quality control, product labeling, streamlining production processes, and enhancing traceability.
Laser label are extensively utilized in the automotive industry for part identification, serial number labeling, and asset tracking throughout the manufacturing and supply chain processes.
In retail, laser label are used for pricing, product labeling, and promotional signage, enhancing product visibility and brand communication.
The laser label market in France is predominantly used in retail, food and beverage, cosmetics, and logistics industries. Laser label are widely employed in retail environments for product labeling, barcode printing, and promotional signage, enhancing product visibility and brand recognition.
In the food and beverage sector, laser label are utilized for packaging, nutritional labeling, and expiration date printing, ensuring food safety and regulatory compliance.
In the cosmetics industry, laser label are essential for branding, product identification, and ingredient labeling, contributing to product differentiation and consumer trust.
In China, the laser label market is mainly used in manufacturing, e-commerce, logistics, and healthcare sectors. Laser label find extensive applications in manufacturing industries for product labeling, part identification, and quality control, supporting efficient production processes and supply chain management.
In the e-commerce sector, laser label are essential for package labeling, shipping label, and order tracking, facilitating seamless order fulfillment and delivery services. Laser label play an important role in package sorting, inventory management, and shipment tracking, ensuring accurate and timely delivery of goods.
In India, the laser label market is predominantly used in retail, pharmaceuticals, logistics, and manufacturing sectors. Laser label are extensively utilized in retail for product labeling, barcode printing, and promotional signage, enhancing product visibility and brand communication.
In the pharmaceutical sector, laser label are important in medication packaging, dosage labeling, and regulatory compliance, ensuring accurate medication administration and patient safety. Laser label are essential for package labeling, shipping label, and inventory management, facilitating efficient transportation and delivery operations.
Lucrative key players strive for market share through product quality, pricing, distribution networks, and technological innovations. Partnerships, mergers, and acquisitions are common strategies that help to strengthen market position and augment geographical presence.
With a focus on sustainability and eco-friendly solutions, the market witnesses investments in research and development to introduce environmentally responsible products, contributing to the dynamism and competitiveness of the carbonless paper industry.
Some of the key developments are:
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 4.2 billion |
| Projected Market Valuation in 2034 | USD 5.2 billion |
| Value-based CAGR 2024 to 2034 | 1.7% |
| 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; Middle East and Africa |
| Key Market Segments Covered | Material, Printer Type, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | CCL Industries Inc.; 3M Company; Fuji Seal International Inc.; Klöckner Pentaplast; Avery Dennison Corporation; Multi-Color Corporation; UPM Raflatac; Traco Manufacturing Inc.; BRADY Corp; Weber Packaging Solutions Inc. |
As of 2024, the market for laser label is expected to be valued at USD 4.2 billion.
The laser label market is projected to expand at a CAGR of 1.7% between 2024 and 2034.
The plastic segment is projected to dominate the industry.
By 2034, the market value of the laser label is expected to reach USD 5.2 billion.
India is likely the top-performing market, with a CAGR of 5.4%.
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 Material 5.1. Plastic 5.2. Paper 5.3. Foil 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Printer Type 6.1. Monochrome 6.2. Colour 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. 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. CCL Industries Inc. 18.2. 3M Company 18.3. Fuji Seal International, Inc. 18.4. Klöckner Pentaplast 18.5. Avery Dennison Corporation 18.6. Multi-Color Corporation 18.7. UPM Raflatac 18.8. Traco Manufacturing, Inc. 18.9. BRADY Corp 18.10. Weber Packaging Solutions, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Laser Label Market
