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.

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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

One of the most obvious benefits of label printing is its ability to convey important information about a product. Labels can include not only the name and logo of the brand, but also details such as ingredients, nutritional information, directions for use, and expiration dates. This wealth of information helps consumers make informed decisions about the products they purchase, ensuring they know exactly what they are getting and how to use it safely and effectively.

Moreover, labels can also serve as a form of communication between businesses and consumers. Cleverly designed labels can help to create a strong brand identity, making a product easily recognizable on store shelves and reinforcing the company’s message and values. In this way, label printing can be a powerful tool for branding and marketing, helping businesses stand out in a crowded marketplace and attract new customers.

But labels are not just about providing information or promoting a brand – they also play a vital role in safety and compliance. In industries such as pharmaceuticals and chemicals, labels are essential for ensuring that products are used safely and correctly. For example, warning labels can alert users to potential hazards, while regulatory information can ensure that products meet the necessary standards and regulations.

Label printing also has practical benefits beyond simple communication. Labels can be used to track inventory, manage production processes, and organize shipments. With the use of barcodes and QR codes, labels can enable businesses to easily scan and record information, streamlining operations and increasing efficiency. By providing an easy way to identify products and track their movement throughout the supply chain, labels help businesses to save time and reduce errors.

In addition, the versatility of label printing means that it can be used in a wide range of applications. Labels can be printed on a variety of materials, including paper, plastic, and even metal, and can be customized to fit the specific needs of a business. Whether it’s a waterproof label for a bottle of sunscreen or a tamper-evident label for a pharmaceutical product, label printing offers a flexible and scalable solution for businesses of all sizes.

In conclusion, label printing is an essential tool for businesses looking to effectively communicate with their customers, promote their brand, ensure safety and compliance, and streamline operations. With its versatility and practicality, label printing offers countless benefits that can help businesses stand out in a competitive marketplace and meet the needs of their customers. As technology continues to evolve and consumer expectations change, label printing will likely remain a crucial aspect of modern business practices.

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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