As per the research conducted by Future Market Insight, during the forecasted period global foam labels market is set to gain a market valuation of US$ 284.9 million in 2023. The market is set to expand with a CAGR of 5.4% to get a market value of US$ 482.1 million by 2033. The sale of foam labels is likely to be strengthened by the top 5 companies and is forecasted to hold the market share 10-15% of the target market by 2033.
Based on the product type, the thermal transfer labels segment is projected to remain the leading among the other product type. The reason behind is the thermal transfer labels versatility, durability, and cost-effectiveness. The thermal transfer labels segment is anticipated to grow 1.8x the current market value during the forecast period.
Market Size 2023
US$ 284.9 million
Market Size 2033
US$ 482.1 million
Value CAGR (2023 to 2033)
5.4%
Collective Value Share: Top 5 Countries (2023E)
~50-55%
The foam labels market accounts for revenue of US$ 270.3 million in 2022. Growing demand in the e-commerce and digital retail sector has boosted the sales for foam labels. The market for foam labels is estimated to reach the value of US$ 284.9 million for the forecasted period 2023, increasing with a CAGR of 5.4% throughout the projected period.
Foam labels market is projected to grasp incremental growth of US$ 211.8 million. The foam labels market is anticipated to expand 1.7 times the current market value during the forecast period.
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Historic Market Outlook for Foam Labels
The global foam labels market witnessed a CAGR of 3.8% during the historic period with a market value of US$ 270.3 million in 2022.
In the past few years, the packaging industry is transformed with the addition of advanced technology. Packaging companies are focusing on research and development activities to establish their current product portfolio. Foam labels have the property of heat transfer which opens up a wide range of applications in the food and beverage industry and allows the players in the food and beverage industry to provide a competitive and innovative edge to the consumer by providing them thermal protection.
The innovative way in which foam label is manufactured gives them a smooth surface and brilliant white color to the foam that enhances the print quality compared to the traditional labels. As the foam labels are available in multiple sizes, shapes, and colors it makes labeling easy for cabinets, machinery and others. This property of foam labels enables it wide range of applications in the industrial sector. Electricians and machine operators are benefited from thermal transfer foam labels which provide a cost-effective, custom-made labeling solution for identifying cabinets, switches, and equipment. These foam labels utilize a uniquely formed acrylic glue sponsorship to give dependable, quality signage for applications that require a long-lasting solution.
Beverages cans and bottles are well considered for optimum application for foam labels, as the capabilities of the can are improved due to the insulation property of the foam label, whereas bottles are improved by the 3D effect given by the foam packing along with the enhanced safety for the bottle. Furthermore, as these labels are wrapped around the bottle or cans they can have removed further for recycling purposes.
The growth in e-commerce and online retail has fuelled the demand for high-quality packaging materials that can effectively protect products during shipping and transit. Foam labels, with their soft and flexible properties, are becoming a popular choice for many manufacturers. There is a growing trend toward using environmentally-friendly materials in packaging and labeling. Foam labels, being made of lightweight materials, can help reduce the carbon footprint of packaging and shipping.
How Advancement in Technology can Boost the Foam Labels Market?
The development of new printing technologies and materials has allowed for greater customization and design flexibility in foam labels. This has increased the demand for foam labels in various industries. The on-demand printers and software for the development of foam labels have provided the manufacturer the flexibility to design and customize the labels according to the requirement and demand. The share of thermal transfer foam labels is growing tremendously with the increase in e-commerce and digital retail activity across the globe, which indicates the rising potential for foam labels in the forecasted period.
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How the Temper Evident Packaging Market will Surge the Market Value for Foam Labels?
Foam labels are very sensitive to external stimuli, which means they are easy to break. This allows the easy detection of any unauthorized touch or access to the product which enhances its application in the tamper-evident market. The rising awareness in the consumer and strict regulation policies by the local and international regulatory bodies for the safety of the product has led to increased adoption of tampered evident packaging the market for tampered evident packing is projected for US$ 1.86 billion in 2023 and is projected to surge with the CAGR of 8% and is estimated to be valued at US$ 4.12 billon. Having immense application in a tamper-evident market the market share of foam labels is expected to rise in the forecasted period.
Category-Wise Insight
How Food & Beverage Industry is Enhancing the Sales of Foam Labels?
Microwavable pots are often utilized in microwave food markets. The foam label offers a thermal insulating boundary between the hot food inside the microwavable pots and the consumer's hand. The insulating property of the foam not only provides thermal protection but also keeps the food warm for long period. The foam labels offer protection properties around the glass bottles which helps in avoiding the damage which may be caused during the transportation of the bottles. The foam labels offer an insulating barrier to cold containers. This helps to keep the product colder for a long period, which helps the brand maximize its selling point. Thus, the market share of foam labels will surge in the forecasted period.
Why PET (polyethylene terephthalate) is Considered the Most Preferred Material for the Manufacturing of Foam Labels?
PET is a plastic resin and it is one of the common polyesters. Foam labels manufactured using PET are more durable against heat, various chemicals, and UV. Foam labels made from PET material have excellent mechanical resistance, and good tensile strength, which helps in avoiding the crease. The foam label derived from PET has an ideal application ranging from 1 -3 years and goes up to 5 - 10 years. In extension to thermal transfer printing, foam labels made up of PET can also be printed by the traditional roll label method. Depending on the application of the foam label derived from the PET have more durability and possesses very strong adhesive properties. The service temperature for foam labels varies in the range of -80oC - +150oC and the application temperature ranges from -5oC to +10oC.
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Comparative View of Adjacent foam label Market
Foam Labels Market:
Attributes
Foam Labels Market
CAGR (2023 to 2033)
5.4 %
Market Value (2023)
US$ 284.9 million
Growth Factor
The demand for foam labels has surged significantly in the last few years due to rising demand for permanent labeling and high demand for the microwaveable packaging solutions
Key Trend
Increasing demand for insulating packing products will generate the demand for the foam labels.
Labels Market:
Attributes
Labels Market
CAGR (2023 to 2033)
4.9%
Market Value (2023)
US$ 41.7 billion
Growth Factor
An increase in demand for perishable products will surge the demand for labels.
Key Trend
A surge in e-commerce activity is expected to augment the sales for the labels, Other application of label such as the protection of product during shipping will also surge the sales for labels.
Tamper Evident Labels:
Attributes
Tamper Evident Labels
CAGR (2023 to 2033)
6.1%
Market Value (2023)
US$ 20.3 billion
Growth Factor
Tamper evident labels have wide application in the food and beverage industries to the quality and freshness of packaged goods, the surge in consumption of food and beverage will drive the sale of tamper evident labels.
Key Trend
Prevent pilferage and change in product labeling policies in pharmaceutical and automotive will help in enhancing the sale of tamper evident labels.
Country-wise insights
Country
USA
Market Share (2023)
20.8%
Market Share (2033)
18.8%
BPS Analysis
-200
Country
China
Market Share (2023)
16.5%
Market Share (2033)
16.0%
BPS Analysis
-50
Country
India
Market Share (2023)
8.4%
Market Share (2033)
8.9%
BPS Analysis
50
Country
Germany
Market Share (2023)
7.0%
Market Share (2033)
6.8%
BPS Analysis
-20
Country
United Kingdom
Market Share (2023)
4.3%
Market Share (2033)
4.6%
BPS Analysis
30
Why the USA Food & Beverage Market will Enhance the Sales of Foam Labels?
The USA foam label market is expected to surge with a CAGR of 3.7% over the projected period of 2033. The majority of global players involved in manufacturing foam labels such 3M, Panduit, and others are based out in the USA, their constant research and development for foam labels will augment the sale of foam labels in USA. Another aspect of the surge in the sale of foam labels is the huge expenditure on food consumption in the United States will create a massive demand for the foam label.
Why India is the Potential Market for Foam Labels Manufacturers?
According to the Ministry of Chemicals and Fertilizers, the Indian pharmaceutical industry is the world's 3rd largest in terms of volume and 14th largest in terms of volume. The total revenue generated by the Indian pharmaceutical sector was US$ 38.5 billion in the year 2019. India exports generic medicine across the globe, around 20% of world generic medicine is supplied by Indian manufacturers. Having the immense demand of foam labels in India, it can be one of the target markets with immense growth potential for the global players in foam labels. India is estimated to register a CAGR of nearly 5.4% during 2023 to 2033.
Competitive landscape
In 2023 TSC Printronix Auto ID, a foam label manufacturer announced the new partnership with distribution management a large nation value-added distributor of print and imaging solutions.
In 2021, Trident Solution Ltd. acquired the Lem Products, post this acquisition trident entered the new market of labels, tag makers, decals, and signage.
Scope of the Report
Attribute
Details
Growth Rate
CAGR of 5.4 % from 2023 to 2033
Base Year for Estimation
2022
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Revenue in USD Billion, Volume in Million Sq.m. and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Material
Product Type
End Use
Region
Regions Covered
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan Countries
Baltic Countries
Middle East & Africa
Key Countries Covered
USA
Canada
Mexico
Brazil
Germany
United Kingdom
France
Italy
Spain
Russia
China
Japan
India
GCC countries
Australia & New Zealand
Key Companies Profiled
HellermannTyton
Nadco Tapes & Labels, Inc.
Triflex Production Ltd.
William Frick Company-A Trident Company
Omni System Inc.
Labels direct Inc.
Blanco Labels Inc.
McCourt Label Company
AM Labels Ltd.
CDM Labels Ltd.
Herma
Universal Tags Inc.
JK Labels
Distinctive Solutions Inc.
Glenwood Label
Able Label
3M Company
CCL Industries Inc.
TSC Auto ID Technology
Customization & Pricing
Available upon Request
Foam Labels Market: Market Segmentation
By Material, Foam Labels Market is Segmented as:
Polyethylene
PET
Polystyrene
By Product Type, Foam Labels Market is Segmented as:
Thermal Transfer Labels
Insulation Labels
By End Use, Foam Labels Market is Segmented as:
Pharmaceutical
Food & Beverages
Household
Industrial
By Region, Foam Labels Market is Segmented as:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan Countries
Baltic Countries
Middle East & Africa
Frequently Asked Questions
What was the global foam labels market size reported by FMI for 2022?
In 2022, the market size of the global foam labels market was US$ 270.3 million.
What is the foam labels market estimated to reach in 2023?
The global foam labels market is anticipated to reach US$ 284.9 million in 2023.
What is the global foam labels market valuation expected for 2033?
The global foam labels market valuation is expected to reach US$ 482.1 million in 2033.
What value CAGR did the global foam labels market exhibit over the last 4 years?
The global foam labels market exhibited a 2.8% of CAGR over the last 4 years.
What is the projected CAGR for the global foam labels market from 2023 to 2033?
The projected CAGR for the global foam labels market from 2023 to 2033 is 5.4%.
Which product segment will garner significant value share by 2023?
By product segment, the thermal transfer labels segment of the global foam labels market is expected to garner a significant value share by 2023.
Which material segment is predicted to expand rapidly between 2023 and 2033?
The PET from the material based segment of the global foam labels market is predicted to expand rapidly between 2023 and 2033.
