New PRIMIR Packaging Research Explores Key Tag and Label Printing Trends
RESTON, VA—January 28, 2015—PRIMIR, the Print Industries Market Information and Research Organization, the research unit of NPES, announces the completion of a new research study: "Tag and Label Printing Trends." The PRIMIR study indicates that the North American tag and label industry dollar volume, currently at $12.9 billion, is expected to grow at a rate of 1.6 percent CAGR 2013-2018, with some segments doing better than others. The tag and label market is comprised of four distinct label types—pressure-sensitive, in-mold, sleeve and glue applied—as well as tags. Pressure-sensitive labels, representing the largest market share, are expected to grow at an overall rate of 2.3 percent CAGR.
More than 250 brand owners, packaging buyers, and tag and label printers and converters participated in surveys and qualitative interviews for the study. Conducted for PRIMIR by LPC Inc. in Austin, the study provides an understanding of current and future functionality of tags and labels in the U.S. and Canada by format and end-use market segment. It also provides data on the relative size of each segment along with forecasts to 2018.
Through 2018, some segments will do better than others, for example the study projects sleeve label technologies and in-mold labels to grow 3.4 percent and 2.9 percent, respectively, while glue-applied labels are forecast to decline -0.2 percent CAGR during that same time period.
The research study indicates, however, that tag and label run lengths in North America are declining an estimated 7-9 percent annually. As a result, each year, higher volumes of once conventionally printed applications (offset, flexo and gravure) migrate to digital printing presses. While approximately 74 percent of presses sold into the North American tag and label industry in 2013 were conventional, it is expected that by 2018, 50 percent of the presses installed in the tag and label market will be digital.
Brand owner respondents indicate that they are seeking print vendors that have the ability to handle the needs of an entire brand, including a wide range of run lengths, sample and prototype generation, and inventory management. They are also exploring innovation in such areas as extended text labeling, extended color gamuts and thinner, less expensive, more environmentally friendly substrates.
This research study was recently distributed to all members of PRIMIR. An informative overview podcast (http://tinyurl.com/pejclpz), by LPC study authors, can be accessed for free at the PRIMIR Website on the "Tag and Label Printing Trends" page. For more information contact Rekha Ratnam, assistant director, market data/research, at (703)264-7200 or firstname.lastname@example.org.
PRIMIR, the Print Industries Market Information and Research Organization, is a global source of data, analysis and trend information about print and related communications industries. PRIMIR research is funded by member dues as well as through support from NPES The Association for Suppliers of Printing, Publishing and Converting Technologies. PRIMIR annually provides over $400,000 in current research studies including relevant market data and detailed information on graphic communications and related fields. Members also benefit from meetings, market research skills building and robust business networking opportunities.