APAC On-Demand Color Labels Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.07 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC On-Demand Color Labels Market Analysis
The Asia-Pacific on-demand color labels market was valued at USD 3145.79 million in 2020 and is anticipated to reach USD 4026.39 million at a CAGR of 4.07% over the forecast period (2021 - 2026). The utilization of color labeling technology is likely to reduce the total color labeling cost by 50%, which is expected to fuel the market growth in Asia-Pacific. Furthermore, the incorporation and usage of this technology eliminate the cost of inventory of pre-printed waste and stock.
- Pre-printed labels have a chance of ascended risk of errors, owing to printing over the improper stock, which is, in turn, projected to fuel the market growth in the region over the forecast period.
- Color labels are becoming an integral part of an organization's success, owing to the rising importance of branding, which offers a competitive edge to the product.
- In Asia-Pacific, the growth in grocery retailers is at the most prominent phase, which is likely to drive the on-demand color label market growth.
APAC On-Demand Color Labels Market Trends
This section covers the major market trends shaping the APAC On-Demand Color Labels Market according to our research experts:
Secondary to Hold Major Share
Secondary labeling is placed outside the primary packaging and is placed in a less prominent position, such as at the bottom, back, or side of a product.
A secondary label provides information about the product, such as health and safety warnings, its ingredients and nutritional values, manufacturer or supplier details, instructions for use, contact information, or detailed tracking and product information in a barcode format.
With the upsurge in the e-commerce industry in Asia-Pacific, the market for secondary packaging is on the rise, which subsequently generates the demand for secondary labeling.
With the Asian countries acquiring leading positions, with the highest online shopping penetration, the region experiences significant demand for secondary packaging.
APAC On-Demand Color Labels Industry Overview
The Asia-Pacific on-demand color labels market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. In March 2018, Lexmark International Inc. announced Lexmark Pharmacy Order Assistant, a solution that fills the paper-based gaps in pharmacy order workflows, allowing users to process complex, paper-based pharmacy orders from its existing Lexmark smart multi-function printer (MFP) for increased accuracy, speed, and safety.
APAC On-Demand Color Labels Market Leaders
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Avery Dennison Corporation
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Brady Corporation
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Lexmark International Inc.
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Fuji Seal International Inc
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CCL Industries Inc.
*Disclaimer: Major Players sorted in no particular order
APAC On-Demand Color Labels Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Industry Attractiveness- Porter's Five Forces Analysis
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4.2.1 Threat of New Entrants
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4.2.2 Bargaining Power of Buyers/Consumers
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4.2.3 Bargaining Power of Suppliers
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4.2.4 Threat of Substitute Products
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4.2.5 Intensity of Competitive Rivalry
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4.3 Value Chain Analysis
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4.4 Introduction to Market Drivers and Restraints
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4.5 Market Drivers
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4.5.1 Growth in End-user Industries and Favorable Government Regulations
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4.6 Market Restraints
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4.6.1 Lack of Products with Ability to Withstand Harsh Climatic Conditions
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5. MARKET SEGMENTATION
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5.1 By Type of Labelling
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5.1.1 Primary
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5.1.2 Secondary
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5.2 By End-user Industry
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5.2.1 Chemical
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5.2.2 Retail
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5.2.3 Manufacturing
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5.2.4 Other End-user Industries
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Avery Dennison Corporation
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6.1.2 Brady Corporation
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6.1.3 Lexmark International Inc.
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6.1.4 Primera Technology Inc.
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6.1.5 Cab Produkttechnik GmbH & Co. KG
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6.1.6 Fuji Seal International Inc.
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6.1.7 CCL Industries Inc.
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6.1.8 Cenveo Inc.
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC On-Demand Color Labels Industry Segmentation
On-demand color labels have diverse benefits over pre-demand. However, the cost per label is much higher than the conventional forms of labeling. The total cost of the color label is characteristically lower than the 2-step label, owing to mitigation in transportation and storage expenditure.
| By Type of Labelling | |
| Primary | |
| Secondary |
| By End-user Industry | |
| Chemical | |
| Retail | |
| Manufacturing | |
| Other End-user Industries |
APAC On-Demand Color Labels Market Research FAQs
What is the current APAC On-Demand Color Labels Market size?
The APAC On-Demand Color Labels Market is projected to register a CAGR of 4.07% during the forecast period (2024-2029)
Who are the key players in APAC On-Demand Color Labels Market?
Avery Dennison Corporation, Brady Corporation, Lexmark International Inc., Fuji Seal International Inc and CCL Industries Inc. are the major companies operating in the APAC On-Demand Color Labels Market.
What years does this APAC On-Demand Color Labels Market cover?
The report covers the APAC On-Demand Color Labels Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC On-Demand Color Labels Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC On-Demand Color Labels Industry Report
Statistics for the 2024 APAC On-Demand Color Labels market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC On-Demand Color Labels analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
