Market Size of APAC On-Demand Color Labels Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.07 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC On-Demand Color Labels Market Analysis
The Asia-Pacific on-demand color labels market was valued at USD 3145.79 million in 2020 and is anticipated to reach USD 4026.39 million at a CAGR of 4.07% over the forecast period (2021 - 2026). The utilization of color labeling technology is likely to reduce the total color labeling cost by 50%, which is expected to fuel the market growth in Asia-Pacific. Furthermore, the incorporation and usage of this technology eliminate the cost of inventory of pre-printed waste and stock.
- Pre-printed labels have a chance of ascended risk of errors, owing to printing over the improper stock, which is, in turn, projected to fuel the market growth in the region over the forecast period.
- Color labels are becoming an integral part of an organization's success, owing to the rising importance of branding, which offers a competitive edge to the product.
- In Asia-Pacific, the growth in grocery retailers is at the most prominent phase, which is likely to drive the on-demand color label market growth.
