Market Size of APAC On-Demand Color Labels Industry
| 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 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 Size Summary
The Asia-Pacific on-demand color labels market is experiencing significant growth, driven by the increasing importance of branding and the need for cost-effective labeling solutions. The adoption of color labeling technology is expected to substantially reduce costs by eliminating the need for pre-printed labels, which often carry the risk of errors due to improper stock usage. This shift is particularly beneficial for grocery retailers in the region, where the demand for efficient and accurate labeling is on the rise. The market is further bolstered by the expansion of the e-commerce industry, which has led to a surge in demand for secondary packaging and labeling solutions. Secondary labels, which provide essential product information and are often placed in less prominent positions, are becoming increasingly important as online shopping continues to penetrate the market.
The competitive landscape of the Asia-Pacific on-demand color labels market is characterized by the presence of several major players who dominate the market share. These companies are actively seeking to expand their customer base internationally through strategic collaborations and initiatives. Notable players such as Avery Dennison Corporation, Brady Corporation, Lexmark International Inc., Fuji Seal International Inc., and CCL Industries Inc. are focusing on enhancing their market presence and profitability. Innovations like Lexmark International Inc.'s Pharmacy Order Assistant highlight the industry's commitment to improving accuracy and efficiency in labeling processes. As the market continues to evolve, these companies are well-positioned to leverage their expertise and resources to maintain a leading edge in the region.
APAC On-Demand Color Labels Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness- Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Value Chain Analysis
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1.4 Introduction to Market Drivers and Restraints
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1.5 Market Drivers
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1.5.1 Growth in End-user Industries and Favorable Government Regulations
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1.6 Market Restraints
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1.6.1 Lack of Products with Ability to Withstand Harsh Climatic Conditions
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2. MARKET SEGMENTATION
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2.1 By Type of Labelling
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2.1.1 Primary
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2.1.2 Secondary
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2.2 By End-user Industry
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2.2.1 Chemical
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2.2.2 Retail
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2.2.3 Manufacturing
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2.2.4 Other End-user Industries
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APAC On-Demand Color Labels Market Size 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.
