Label Printing Statistics

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 🙂

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Top Label Printing Statistics 2023

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

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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]

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How Useful is Label Printing

One of the primary functions of label printing is to provide consumers with information about the product they are purchasing. From ingredients to instructions for use, labels are vital sources of knowledge that can help consumers make informed decisions about a product’s safety and suitability for their needs. Without labels, consumers would be left in the dark about important details that could influence their purchasing choices.

Furthermore, labels are essential for regulatory compliance and product safety. Certain products come with specific legal requirements for labeling, such as expiration dates, warning labels, and industry-specific information. Label printing ensures that businesses can comply with these regulations, protecting both the consumer and the company from potential legal issues.

Beyond practicality, labels also serve as a branding tool for companies. A label is often the first point of contact between a consumer and a product, and it is crucial that the label accurately conveys the brand’s image and values. Label printing allows businesses to customize their labels to align with their brand identity, creating a distinct visual representation that helps differentiate products on the shelf.

Moreover, labels play a crucial role in marketing and promotion. Eye-catching labels can attract consumer attention and entice them to make a purchase. A well-designed label can communicate the product’s key selling points, making it more likely to appeal to target consumers. Label printing opens up the opportunity for companies to experiment with different designs, colors, and materials to create labels that stand out on crowded store shelves.

In today’s digital age, label printing has extended beyond physical products to include QR codes, NFC tags, and other technologies that enable consumers to access additional information about a product. This innovation not only enhances the user experience but also provides opportunities for companies to engage with consumers in new and exciting ways.

In conclusion, label printing is an invaluable tool that serves a variety of purposes in the marketplace. From providing vital information to regulatory compliance, branding, marketing, and consumer engagement, labels play a significant role in shaping consumer perceptions and driving purchasing decisions. Businesses that invest in high-quality label printing demonstrate their commitment to product quality, safety, and innovation, ultimately fostering trust and loyalty among consumers.

Reference

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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