These segments of the printing and packaging industry will usher in great development
[CPP114] News: Although the epidemic is not over, the development of the industry cannot be stopped. It is still necessary to explore the various business opportunities in the industry with an eye for discovery. The global printing ink market is expected to reach 27.8 billion U.S. dollars According to a new study released by Polaris Market Research Company, by 2026, the global printing ink market is expected to reach 27.8 billion U.S. dollars.
Although the epidemic is not over, the development of the industry cannot be stopped. It is still necessary to explore the various business opportunities in the industry with an eye for discovery.
The printed label market will reach 67.02 billion US dollars
According to Stratistics MRC data, the global printed label market in 2017 was 38.02 billion U.S. dollars and is expected to reach 67.02 billion U.S. dollars by 2026, with a compound annual growth rate of 6.5%. The growing demand for manufactured goods and the growth of disposable income of people around the world are the key drivers of market growth. However, the rising cost of various forms of raw materials, such as plastics, has increased the overall cost of labels, which are some of the factors hindering market growth.
A label is a paper, metal, cloth or polymer attached to a product container or box, and information about the product is printed on it. These labels are called printed labels. The information directly printed on the product container can also be regarded as a printed label. Printed labels are used to identify products, avoid counterfeit products and maintain credibility. They are also essential for creating a brand image and conveying useful information to consumers.
By type, in-mold labels will have considerable demand during the estimated period because they are made of plastic film printed with various printing techniques. Cut the film to provide the necessary contour of the label. The label is located in a mold used for the industrialization of the container. In-mold labeling will not lead to a later labeling process, thus saving time and work.
"Geography" magazine predicts that due to the combination of digital technology and existing label printing technology, emerging economies in the Asia-Pacific region (such as China, India and Indonesia) will achieve considerable growth during the forecast period. It is bound to bring huge changes to all small and large sectors.