Die cut labels are self-adhesive labels used for product branding and labeling applications. They are commonly used in food, beverage, pharmaceutical, chemical and personal care industries to provide product information. Die cut labels offer distinct shapes and sizes for products and packaging with accurate die cuts.
The global Die Cut Label Market is estimated to be valued at US$ 162.4 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing demand for digital die cut labels is expected to boost the market growth over the forecast period. Digital die cut labels offer advantages such as increasing print speeds, vibrant colors, sharp text and images, and customizable designs. They provide on demand and short run label printing capabilities. Digital printing allows modification of label designs which is convenient for marketing campaigns. It has minimum wastage and variable data printing. Growing e-commerce industry is increasing the demand for digital printing of die cut labels for product identification, branding and tracking purposes. Advancements in digital printing technologies are supporting their increased adoption across end use industries.
SWOT Analysis
Strength: Die cut labels offer precision and customized label solutions for different product application and packaging needs. Their printing capabilities allow for variable information and imagery.
Weakness: The die cutting process requires expensive custom tooling and long lead times for new designs. Errors can lead to wasted materials.
Opportunity: Growing e-commerce sector is driving demand for customized label solutions for product identification and tracking. Emerging technologies like RFID labels offer new applications.
Threats: Stiffer competition from flexible packaging and pouches. Regulations on certain materials like PET and PVC could impact costs.
Key Takeaways
The Global Die Cut Label Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by demand from various end-use industries. The global Die Cut Label Market is estimated to be valued at US$ 162.4 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023-2030.
Regional analysis: North America currently dominates the market owing to strong presence of label converters and product manufacturers in the US and Canada. Asia Pacific is anticipated to be the fastest growing market led by China, India and other developing nations where consumer goods and retail industries are expanding rapidly.
Key players: Key players operating in the die cut label market are Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company and BASF SE. They are focusing on new product innovations including advanced label materials, smarter designs and development of digital printing technologies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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