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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Digital Label Printing market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
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Crucial information and forecast statistics covered in the Digital Label Printing market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Digital Label Printing Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Digital Label Printing market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Digital Label Printing market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Digital Label Printing market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Digital Label Printing Market – Competitive Analysis
Market players are boosting their market presence by offering new products forming mergers & acquisitions (M&A).
- Western Shield Label Company has acquired Label Print Technologies (LPT). The acquisition is offering a scope for complementary digital label and flexographic printing techniques and is help the company boost its presence in the Midwest and Ohio.
- Argraf, a prominent manufacturer of high-end wine and food labels, is broadening its product portfolio by acquiring a Xeikon CX3 digital press, planned particularly for the manufacturing of labels.
- Label Traxx has collaborated with HP PrintOS Print Beat Jobs API that is enabling users of HP Indigo digital press to link Label Traxx with HPs PrintOS in order to gather information received by the press such as production time, media, and ink usage obtained by the HP Indigo press.
Players in the global market include:
- Samsung Label Printing Co., Ltd
- Bharat Traders
- Shijin Plastic Packaging Co., Ltd
- LY Fashion Limited
- Tangshan Wanjie Machinery Equipment Co., Ltd
- Kingprint, Dongguan grandrise Co., Ltd.
- Dongguan Yuchang Garment Accessories Co., Ltd.
- Abundant Grace International Company Ltd.
- FORMTEC KOREA LTD
Digital Label Printing Market – Segment Analysis
The global market is segmented as the following:
By System Type
- Toner system
- Inkjet System
- Others
By End Use
- Converting Companies
- Consumers
- Packaging Companies
Important Questions Answered in the Digital Label Printing Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Digital Label Printing market been expanding during the forecast period?
- How will the global Digital Label Printing market look like by the end of the forecast period?
- What innovative strategies are adopted by Digital Label Printing market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Digital Label Printing market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Digital Label Printing market