The Global Printed Label market accounted for $38.02 billion in 2017 and is expected to reach $67.02 billion by 2026 growing at a CAGR of 6.5% during the forecast period.
Increasing demand for manufactured goods and an upsurge in the disposable income of people worldwide are the key driving factors for the market growth. However, Rise in raw material cost such as plastics in various forms increases overall cost of the labels is some of the factors hindering the market growth.
A label is a piece of paper, metal, cloth or polymer which is attached to a container or box of a product which is printed with information about the product. These labels are known as printed labels. Information printed directly on the container of the product can also be considered as printed labeling. Printed labeling is used to identify products and to avoid counterfeiting of products and maintain credibility. They are also essential for creating brand identity and impart useful information to consumers. read the rest here
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