Label Printing Statistics


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Steve Goldstein
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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

For businesses, label printing is an essential tool for branding, marketing, and communication. Labels not only serve to identify products and establish brand recognition, but they also convey vital information to consumers such as ingredients, nutritional facts, and usage instructions. In this age of information overload, labels serve as a quick and easy way for consumers to make informed decisions about the products they purchase.

Label printing is also vital in ensuring product quality and safety. Labels provide crucial information about expiration dates, batch numbers, and country of origin, allowing for easy traceability and recall if necessary. Additionally, labels can include important warnings and instructions for proper use, helping to prevent accidents and misuse of products.

Labels are not only important for consumer goods but also for inventory management and organization in businesses. Labels help to track inventory, manage supply chains, and ensure efficient operations. Whether it’s barcodes for scanning items in and out of warehouses or product labels for shipping and retail purposes, label printing is essential for keeping businesses running smoothly.

In everyday life, labels are used in a variety of ways to keep things organized and easily identifiable. From labeling files and folders in offices to organizing pantry items at home, labels help us stay organized and save time searching for things. In educational settings, labels are used to categorize books in libraries, mark equipment in laboratories, and identify students’ belongings. Labels are an integral part of maintaining order and preventing confusion in our daily routines.

Not only do labels have practical uses, but they can also be customized and designed to showcase creativity and style. Whether it’s using colorful labels and creative fonts for handmade products or incorporating logos and branding elements for promotional purposes, label printing offers endless possibilities for personalization and customization.

In conclusion, label printing may not be the most glamorous aspect of our technological advancements, but it is undeniably useful and essential. From businesses to individuals, labels serve a variety of important functions in our everyday lives, providing information, organization, and efficiency. The next time you pick up a product, file away a document, or organize your pantry, take a moment to appreciate the convenience and simplicity that labels provide.

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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