The Global Die Cut Label Market Growth Accelerated By Sustainable Packaging Trend

 

Die cut labels are widely used in branding and identification of products across various industries such as food, beverage, cosmetics, homecare products and pharmaceuticals. They provide product information, barcodes and branding in an eye-catching way and increases the aesthetic appeal of packaging.

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 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Sustainable packaging is one of the major trends being adopted by brand owners to adhere to environmental standards. Die cut labels made from sustainable materials such as paper are increasingly being used as they are renewable and biodegradable. They help reduce plastic waste and lower the carbon footprint of packaging. Manufacturers are investing in developing plant-based adhesive solutions to make die cut labels fully recyclable and compostable. Innovation in sustainable labeling materials and technologies are expected to drive the demand for die cut labels over the forecast period.

Segment Analysis
The global die cut label market is dominated by pressure-sensitive segment. Pressure-sensitive labels are easy to apply and remove without causing damage to the product. They remain stuck to the product till removed intentionally. Their user-friendly nature and ability to stick firmly on difficult surfaces like plastic and glass have made them immensely popular. They account for over 60% of the total die cut label market. Glue-applied labels follow pressure-sensitive ones in market share.

Key Takeaways
The Global Die Cut Label Market Size is expected to witness high growth. 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 to 2030.

North America currently holds the largest market share followed by Europe. Advancements in labeling technology have boosted American and European markets. However, Asia Pacific region is projected to witness strongest growth during the forecast period on back of rapid industrialization and growing consumerism in developing countries like China and India.

Key players related content comprises Key players operating in the die cut label market are Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company, BASF SE, Hempel A/S. Akzo Nobel commands the highest market share owing to its broad product portfolio and global presence. To further strengthen its position, Akzo Nobel is investing in new technologies like digital printing and environment-friendly water-based coatings. Sherwin-Williams is focusing on strategic acquisitions to expand its offerings and customer base.

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