Label Printing Statistics


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Label Printing Statistics 2023: Facts about Label Printing outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Label Printing, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Label Printing Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Label Printing Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 9 Label Printing Statistics on this page 🙂

Label Printing “Latest” Statistics

  • Consumer spending on all retail sales increased by 9.7% from the previous year to USD 310.29 billion in 2021, according to Australian post analysis.[1]
  • Improved involvement led to a 57% increase in online transactions.[1]
  • Consumers spent a record USD 50.46 billion online throughout the year, representing 16.3% of all retail sales, a level the nation did not anticipate seeing until 2023.[1]
  • Invest India estimates that by 2026, the gross merchandise value of the Indian e-commerce business will reach USD 200 billion and that market penetration will increase to 12% from the present 2%.[1]
  • Flexo is not keeping up with the total market growth mostly due to the development of digital printing technologies, with annual growth of 3.1% in value and 4.4% in volume between 2014–19.[2]
  • 90% of the world’s sleeve market’s volume is made up of shrink labels, which also spread into new markets like the labeling of beverage cans.[2]
  • From 2014 to 2019, the worldwide market for label printing expanded at a steady pace of 4.8% in value and 5.2% in volume A4 prints.[2]
  • Up to 2024, the market will continue to grow at an average annual rate of 4.0% in terms of value, reaching $49.90 billion, and by 5.5% in terms of volume, reaching 1.59 trillion A4 prints or equivalent.[2]
  • Nemak achieved 98% label accuracy by automating its labeling process to decrease mistakes.[3]

Also Read

How Useful is Label Printing

At its core, label printing serves as a means of identification. A well-designed label provides pertinent information about a product, allowing consumers to make informed decisions about their purchases. Whether it’s nutritional facts on food products, dosage instructions on medication, or care instructions on clothing, labels convey important details that can impact a consumer’s overall experience.

In addition to conveying information, labels also serve as a crucial tool for ensuring product safety. Properly printed labels can alert consumers to potential hazards, such as allergens or chemicals, and provide instructions on safe handling and usage. These safety warnings can help prevent accidents and protect consumers from harm, highlighting the vital role that labels play in promoting public health and well-being.

Beyond their practical purposes, labels also play a significant role in promoting brand identity and enhancing consumer engagement. Well-designed labels with eye-catching graphics and messaging can help products stand out on crowded shelves and attract customers’ attention. In today’s competitive market, branding is more important than ever, and labels provide a valuable opportunity for companies to differentiate themselves and connect with their target audience.

Label printing also enables customization and personalization, allowing companies to tailor their labels to specific markets or audiences. By printing labels in different languages, incorporating regional preferences, or adding individualized features, companies can effectively reach diverse consumer groups and foster stronger connections with their customers.

Furthermore, label printing technology continues to advance, offering new possibilities and opportunities for innovation. From high-quality digital printing to specialized coatings and finishes, companies have more options than ever to create labels that are durable, attractive, and environmentally friendly. These advancements in printing technology not only improve the quality of labels but also enable companies to meet regulatory standards and reduce their environmental impact.

In today’s fast-paced and information-rich world, labels play a crucial role in communicating essential details to consumers, ensuring product safety, promoting brand identity, and enhancing consumer engagement. As companies continue to prioritize quality and innovation in label printing, the benefits and usefulness of this process will only continue to grow.

Reference

  1. mordorintelligence – https://www.mordorintelligence.com/industry-reports/global-print-label-market-industry
  2. smithers – https://www.smithers.com/resources/2019/may/global-market-for-label-printing-will-reach-$49-9b
  3. teklynx – https://www.teklynx.com/en/blog/how-to-automate-label-printing
  4. r-project – https://cran.r-project.org/web/packages/gtsummary/vignettes/tbl_summary.html
  5. danieldsjoberg – https://www.danieldsjoberg.com/gtsummary/articles/tbl_summary.html

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