The freezer label market is anticipated to surpass USD 2.6 billion by 2034. In 2024, sales of freezer labels are estimated to reach USD 1.8 billion, reflecting robust market health. The global freezer label market is projected to record a steady 3.9% CAGR between 2024 and 2034.
This impressive growth is primarily driven by the increasing demand for freezer labels in frozen food packaging and across the hospitality industry, including hotels, restaurants, and cafes. The versatility and essential nature of freezer labels in maintaining product integrity under extreme conditions have positioned them as a critical component in these sectors.
This growth trajectory is significantly influenced by ongoing sustainability trends within the food service sector, which emphasize the need for reliable and eco-friendly labeling solutions.
Demand for temperature-controlled packaging, such as freezer labels, is rising sharply as the food sector undergoes a dramatic shift in customer preferences. Consumers are increasingly seeking high-quality, sustainable, and safe food products, necessitating effective labeling solutions.
Throughout the projection period, the global freezer label market is anticipated to grow by 1.4 times. Initially, business owners might take freezer labels for granted when managing frozen goods. However, their longevity and reliability ultimately make them indispensable in maintaining product quality and compliance.
Global Freezer Label Industry Assessment
Freezer labels have garnered immense popularity in frozen food, beverage, pharmaceutical, and cosmetics firms. These labels ensure that products remain identifiable and traceable throughout their shelf life, even under the harsh conditions of freezing.
Manufacturers are at the forefront of creating cutting-edge labels, incorporating technologies such as barcoding, SKUs (Stock Keeping Units), and UPCs (Universal Product Codes) to streamline transactions and organize inventories efficiently. These advancements are also crucial in various ciphers and barcoding systems used in pharmacies, ensuring accurate and efficient inventory management.
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 1.5 billion |
| Estimated Size, 2024 | USD 1.8 billion |
| Projected Size, 2034 | USD 2.6 billion |
| Value-based CAGR (2024 to 2034) | 3.9% |
Freezer labels play a vital role in facilitating communication between buyers and sellers, enhancing customer support, and increasing traceability in scientific and medical research within the retail industry. They provide essential information that helps maintain the integrity of supply chains and supports the verification of product authenticity.
In summary, freezer labels are indispensable for providing critical information to both buyers and sellers in the food service sector, ensuring product safety, compliance, and customer satisfaction.
The freezer label industry is experiencing a surge in demand for smart labels due to ongoing technical advancements. Innovations such as new labels that customers can access via Google or Siri are driving this trend. These smart labels offer enhanced features, including real-time tracking and interactive capabilities, which significantly improve the user experience and operational efficiency.
The growth of the e-commerce industry further amplifies the need for smart labels, as they help prevent counterfeiting and ensure product authenticity. This development is particularly significant for the freezer label market, marking a pivotal moment in its evolution and underscoring the importance of technological integration in labeling solutions.
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The freezer label industry has been experiencing nuanced growth dynamics, influenced by technological innovation, changing consumer preferences, and the increasing emphasis on sustainability.
| Particular | Value CAGR |
|---|---|
| H1 | 4% (2023 to 2033) |
| H2 | 3.7% (2023 to 2033) |
| H1 | 4.2% (2024 to 2034) |
| H2 | 3.5% (2024 to 2034) |
In the first half of the 2023 to 2033 period, the industry saw a strong CAGR of 4%. This period marked significant investments in research and development, leading to the introduction of more durable and efficient freezer labels. The second half of this period experienced a slight deceleration to a 3.7% CAGR, with a BPS of 30. This phase was characterized by the integration of new technologies into mainstream production and distribution channels.
The focus shifted towards optimizing production processes and improving supply chain efficiencies. Market players started consolidating their positions, leading to strategic partnerships and mergers aimed at expanding market reach and capabilities.
The first half of the 2024 to 2034 period saw an acceleration in demand, with a CAGR of 4.2%. This period was marked by significant advancements in smart labeling technologies, which include features like temperature monitoring and QR codes for product tracking. Additionally, stricter regulatory requirements for food safety and traceability drove the adoption of advanced freezer labels.
In the second half, the growth rate slowed to 3.5%, with a BPS of 70, indicating a more pronounced deceleration. This slowdown can be attributed to market saturation and increased competition. As major players reached optimal market penetration, smaller companies found it challenging to compete on price and technology.
The industry saw a surge in competitive pricing strategies and increased efforts towards differentiation through specialized label features, such as enhanced durability and eco-friendly materials.
New Features and Informative Designs to Pave the Way in Research Industry
The demand for freezer labels in the research industry is on the rise due to the constant development of innovative products like reagents and blood samples by research institutes. These products require specific details for observation, and labeling the samples is essential for differentiation and to prevent loss and wastage.
Freezer labels play a pivotal role in monitoring changes in samples and verifying the right sample between them. The labels not only provide essential data and ensure clarity about samples but also facilitate transportation between institutes, ensuring clarity of samples and preventing time loss and experiment failure.
Because freezer labels offer precise data and credibility in their tests, research institutes are conducting the sales of freezer labels globally, making them an essential tool in the research sector.
Integration of Smart Technology to Benefit the Freezer Label Industry
In the freezer label industry, smart labels are becoming more and more prevalent since they enable tracking and preserving perishable items in real-time, as well as providing extensive information, programmability, and simultaneous identification.
An augmenting number of smart labels are being used in the freezer label industry, where precise and dependable labeling solutions are essential. Such sectors mainly include FMCG manufacturing, retail, automotive, logistics, aerospace, and healthcare.
Additionally, because the Internet of Things makes inventory management and product monitoring in cold storage environments easier, its rapid development has increased demand for sophisticated labeling solutions in the freezer label industry.
Labels for Cold Storage Need to Withstand Extreme Temperatures and Moisture
The need for durable and reliable labeling solutions in cold storage environments compels the freezer label market. Such labels are designed to withstand extreme temperatures and moisture, making them essential for use on frozen food packaging and cold containers.
By applying freezer labels to cold containers, the wet-out time for glue can be extended, ensuring secure adhesion and preventing label bending. However, changes in temperature can cause freezer labels to separate from the container as they expand and contract. There is a growing demand for innovative freezer-label solutions that can effectively adhere to cold surfaces and withstand temperature fluctuations in the market.
Principal Consultant
Over the historical period, the freezer label industry saw a CAGR of 2.5%, reaching a market value of USD 1.7 billion in 2023 from USD 1.5 billion in 2019. The demand for freezer labels is augmenting as the food service industry crafted a need for freezer labels.
A freezer label is a label used to identify food items, pouches, boxes, jars, and frozen containers stored at extremely low temperatures. It is made from substrates like paper, films, and foils and uses adhesives like hot melt, water-based, and acrylic to withstand cold temperatures.
For extended periods, the majority of food goods are stored in freezers. Because these products are shipped and supplied across several locations, freezer labels are necessary to preserve their quality. Sales of freezer labels are anticipated to increase due to the growing requirement for food goods to be recognized.
As environmental concerns grow, freezer label manufacturers are primarily focused on utilizing paper substrates as much as possible for their labels. The need for freezer labels is also anticipated to be driven by the steadily expanding food and beverage and food service sectors. The major reason for this is the custom of storing a variety of food items in cold storage to preserve their quality over time.
Around the globe, the consumption of beverages is increasing due to individual's shifting lifestyles and dietary patterns. Beverage manufacturers are required to include key labels with information about the ingredients and manufacturing process. During the projection period, this aspect is also anticipated to open up new growth potential for significant organizations already operating in the global freezer label sector.
Tier 1 companies in the freezer label industry are market leaders with annual revenues exceeding USD 100 million, capturing a significant market share. These market leaders are characterized by their high production capacity and broad product portfolio.
They possess extensive expertise in manufacturing and innovation across various labeling formats and have a widespread geographical reach supported by a robust consumer base. These companies utilize the latest technology to produce high-quality labels that meet stringent regulatory standards. Prominent companies in Tier 1 include Avery Dennison Corporation, 3M Company, and CCL Industries Inc.
Tier 2 companies consist of mid-size players with annual revenues ranging from USD 50 million to USD 100 million. These companies have a strong presence in specific regions and significantly influence their local markets. While they ensure regulatory compliance and have good technological capabilities, they may not possess the advanced technology and wide global reach of Tier 1 companies.
Prominent Tier 2 companies include Label Technology Inc., Resource Label Group, and Multi-Color Corporation. These companies are known for their strong market knowledge and overseas presence.
Tier 3 comprises small-scale companies with annual revenues below USD 50 million, operating primarily at the local level and serving niche markets. These companies are oriented towards fulfilling local market demands and are categorized within the Tier 3 segment due to their limited geographical reach.
The Tier 3 market is often unorganized, lacking the extensive structure and formalization found in higher tiers. Notable Tier 3 companies include Label Impressions Inc., Maverick Label, and United Label Corporation. These players focus on providing specialized and tailored labeling solutions to meet the specific needs of their local markets.
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The ongoing trends and opportunities of the waterproof label industry and laser label industry have been discussed below. These industries display parallel dynamics in comparison to the freezer label industry.
The development of these industries is crucial in the future development of the packaging sector. The labeling segment consists of vital information regarding the product, which provides the data to the observer. Laser labels and waterproof labels are anticipated to develop a sizeable consumer base in the forthcoming decade.
Waterproof Label Industry Assessment:
The rise in e-commerce and the wide range of industries requiring water-resistant labels also contribute to the sector's growth prospects. The waterproof label industry faced negative impacts due to the pandemic, including manufacturing plant closures and trade restrictions. However, the industry has since recovered, with demand for water-resistant labels expected to increase faster than in the past.
| Attributes | Description |
|---|---|
| Related Market | Waterproof Label Industry |
| CAGR (2024 to 2034) | 3.1% |
| Growth Factor | Rise in the e-commerce package delivery |
| Opportunity | Developers can design sustainable labels catering the environmental goals |
| Trend | High demand due to climate change |
Laser Label Industry Assessment:
The technological development of the labeling sector provides a consumer base for the laser label market. The market players are investing in research and development in technologies such as thermal transfer printing, direct thermal printing, and inkjet printing. Businesses opting for alternative technologies that offer cost-efficient and flexible labeling solutions are hampering the growth of the laser label market.
| Attributes | Description |
|---|---|
| Related Market | Laser Label Industry |
| CAGR (2024 to 2034) | 1.7% |
| Growth Factor | Development of thermal printing technology |
| Opportunity | Designers can develop creative, unique designs incorporating variable data and personalized labels |
| Trend | Smart packaging solutions enable improved inventory management |
The freezer label market is segmented based on material, adhesive type, and end-use. The top two categories are discussed below.
Freezer labels are made from various materials, such as paper, plastic, and aluminum. Among these, the paper segment, as of 2024, is estimated to account for 47.3% of the overall freezer label industry.
| Segment | Paper (Material) |
|---|---|
| Value Share (2024) | 47.3% |
Businesses are increasingly preferring paper freezer labels as they are cost-effective, eco-friendly, and easy to print on. Besides this, paper freezer labels are also a sustainable alternative to plastic. Many companies are switching to eco-friendly practices, and paper freezer labels are perfect for them. Also, they are typically more affordable than their plastic and aluminum counterparts. This makes them an economical choice for small-scale companies.
The end use of freezer labels spans various sectors, with a primary focus on the food industry. Within this segment, freezer labels are utilized for frozen specialties, baked foods, meat, poultry, seafood, confectionery, snacks, and other food products. The pharmaceutical sector also uses freezer labels.
| Segment | Food (End Use) |
|---|---|
| Value Share (2024) | 73.1% |
The food sector holds the maximum share of 73.1% in the freezer label industry. The demand for these labels in the manufacturing units is increasing day by day as they are essential for maintaining the integrity of frozen and chilled products. These labels have vital information such as expiration dates, ingredients, and storage instructions that remain legible throughout the supply chain.
The section discusses the region-wise analysis of the freezer label market. Drawing from these analytics, it can be inferred that Asian countries such as India, China, and Thailand are doing extremely well in this industry. This progress is attributed to their enormous population and rapid economic growth in the last few decades. The United States and the United Kingdom are also some of the lucrative countries in this industry.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 6.7% |
| China | 5.9% |
| Thailand | 5.5% |
| United Kingdom | 2.9% |
| United States | 2.5% |
The Indian freezer label industry is showcasing a healthy CAGR of 6.7% for the forecast period of 2024 to 2034. India, due to its enormous population and growing demand for food and beverages, is a heaven for the freezer label manufacturers. The country has been experiencing an exponential expansion in the frozen food industry as well.
The shift toward convenience foods is also contributing positively to the overall freezer label industry in India. Besides this, the expansion of the organized retail sector in the country has also increased the need for freezer labels in recent times.
The United States is also a lucrative marketplace for the freezer label industry. It is slated to showcase a CAGR of 2.5% through 2034.
The United States is blessed with a highly developed cold chain logistics infrastructure with companies such as Americold, Lineage Logistics, and United States Cold Storage. These companies generate an excellent demand for freezer labels as it is a crucial component in the supply chain to maintain product integrity, track inventory, and manage stock efficiently.
Besides this, high consumer demand for convenience food is also driving the need for durable and informative freezer labels in the country’s food and beverage sector.
The United Kingdom's freezer label industry is estimated to report a CAGR of 2.9% for the forecast period of 2024 to 2034. The United Kingdom has a well-established network of supermarkets, hypermarkets, and online grocery stores.
These organizations require effective labeling to manage inventory, ensure product traceability, and meet regulatory standards. Besides this, there is also an observed emphasis on sustainability and reducing food waste in the United Kingdom, and freezer labels play a crucial role in this by ensuring proper product identification and storage.
With the increasing demand for frozen foods and the need for efficient labeling solutions, the industry is likely to see heightened competition. Companies in the industry are focusing on innovative label designs, durable materials, and adhesive technologies to meet the evolving needs of the industry. Environmental concerns and regulations are also impacting the competitive landscape, with an emphasis on sustainable label options.
Some of the most prominent companies in the industry are Avery Dennison Corporation, 3M Company, CCL Industries Inc., and UPM Raflatac.
Industry Updates
In terms of material, the market includes paper, plastic, and aluminum options.
Adhesive types used in freezer labels are categorized into acrylic-based, water-based, and hot-melt adhesives.
The end use of freezer labels spans various sectors, with a primary focus on the food industry. Within this segment, freezer labels are utilized for frozen specialties, baked foods, meat, poultry, seafood, confectionery, snacks, and other food products. The pharmaceutical sector also employs freezer labels.
As per region, the industry is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa
The global valuation is USD 1.8 billion as of 2024.
The market is expected to reach USD 2.6 billion by 2034.
The market is growing at a CAGR of 3.9% from 2024 to 2034.
Avery Dennison Corporation, 3M Company, CCL Industries Inc., and UPM Raflatac.
In 2023, the global market was valued at USD 1.7 billion.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, includingMacro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Substrate 6.2. Adhesive Type 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Substrate 7.1. Paper 7.2. Films 7.3. Foil 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Adhesive Type 8.1. Hot-Melt 8.2. Water-Based 8.3. Acrylic 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 9.1. Food & Beverage 9.2. Cosmetics 9.3. Pharmaceutical 9.4. Manufacturing 9.5. Transportation 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. South Asia 10.5. East Asia 10.6. Eastern Europe 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Substrate, Adhesive Type, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. HERMA Labels 20.2. AVERY Dennison Corporation 20.3. Label Specialties 20.4. GA INTERNATIONAL 20.5. LABELNET 20.6. CCL Industries Inc. 20.7. Trion Industries, Inc. 20.8. Tailored Label Products Inc. 20.9. Nadco Tapes and Labels, Inc. 20.10. Innovate Graphics 20.11. UltraTape
Packaging
December 2023
REP-GB-18711
250 pages
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Freezer Label Market
