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Thermochromic Labels Market (2023 to 2033)

The thermochromic labels market is anticipated to flourish at a healthy CAGR of 6.3% between 2023 and 2033. The market is expected to hold a market share of US$ 781.14 million by 2033 while the market is likely to be valued at US$ 424.03 million in 2023.

The demand for thermochromic labels is anticipated to boost with the top 3 countries and held around 35 to 40% of the market by the end of 2022.

Labels printed with thermochromic ink are expected to ensure the integrity of pharmaceutical and healthcare products. With many manufacturers adopting these labels, the demand for the product is expected to improve with a CAGR of 7.7% in the global market.

The thermochromic labels market is projected to experience a positive growth outlook with the rising need for anti-counterfeit packaging solutions along with active & smart packaging solutions to reduce food wastage. A new forecast by FMI analysis anticipates that thermochromic label sales might rise from 2023 to 2033 and is projected to create an incremental opportunity of US$ 278.7 million.

The top 5 key players held around 20 to 25% of the global thermochromic labels market in 2021. Regionally, Asia’s thermochromic labels market is expected to lead the market growth, exhibiting a growth rate of 8.3% during the forecast period. Also, emerging local thermochromic ink manufacturers and food and beverage brands in the region are expected to fuel the growth.

The irreversible thermochromic labels market is expected to generate an incremental opportunity of US$ 205.8 million by 2030. This label type segment currently holds around 1/4th of the total thermochromic labels market.

Attributes Details
Thermochromic Labels Market CAGR (2023 to 2033) 6.3%
Thermochromic Labels Market Size (2023) US$ 424.03 million
Thermochromic Labels Market Size (2033) US$ 781.14 million

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2018 to 2022 Global Thermochromic Labels Market Outlook Compared to 2023 to 2033 Forecast

The market for thermochromic labels observed an average annual growth rate of 3.4% between 2018 and 2022. This growth was driven by the rising purchasing power of the customer supported by the introduction of thermochromic labels in the pharmaceutical market.

In 2018, the United States Postal Service released postal stamps in the United States that effectively utilized thermochromic ink, which released an image of a moon when the warmth of a hand was applied. This marked significant recognition for thermochromic ink and brands started adopting this technique. Further, the demand for thermochromic labels witnessed growth, with incremental opportunities of US$ 46.7 million from 2018 to 2022.

The overall thermochromic labels market is set to expand at a healthy CAGR of 6.3% during the forecast period from 2023 to 2033 with the growing trend of using thermochromic labels for ensuring the integrity of sensitive products across industries like pharmaceutical, food & beverage, cosmetics & personal care, automotive, etc.

The subsequent market outlook for thermochromic labels is quite efficacious, with the market unfolding almost 1.6x during the forecast period, crossing a valuation of US$ 650 million by 2030.

The thermochromic labels market is hugely influenced by advancements in technology and the introduction of smart packaging solutions. Further, the improved range of thermochromic label offerings by manufacturers and demand from niche industries might expand the global thermochromic labels market size in the forthcoming years.

What are the Key Trends Driving the Global Thermochromic Labels Market?

Rising Demand from Beverage Industry Propelling Thermochromic Label Sales in the Market

Innovation is likely to be a critical success factor in the thermochromic labels industry, especially due to the usage of advanced labeling technology in the food and beverage sector.

One of the key factors boosting the growth of the thermochromic labels market is the increasing usage of thermochromic labels in consumer products such as alcoholic and non-alcoholic beverage cans and bottles. These smart labels change color when in contact with the desired set temperature. This is usually used to determine and indicate the appropriate temperature for consumption. For instance,

In June 2022, the beverage company Molson Coors introduced limited-edition drinks that use thermochromic ink to make the graphics on the packaging change color when the drink is cold enough. Furthermore, these labels are also used for promotional and marketing purposes.

The significant expansion of the food and beverage sector along with increasing usage of thermochromic labels for finding the temperature state of the beverages might continue to bolster sales in the market during the forecast period.

Increasing Usage in Pharmaceutical Industry to Spur Market Growth

Thermochromic ink is designed to fade or disappear if exposed to a certain change in temperature. This can also benefit the pharmaceutical and healthcare industries by ensuring the integrity of medicines.

A specific trigger temperature designed to suit the medicine could be used to extend the lifespan of the product by signaling the same through the medium of thermochromic ink labels on the packaging. Also, consumers could easily read expiry or best-before dates through a color change on the packaging. For instance,

Hally Labels based in Australia is offering special nutraceutical and pharmaceutical thermochromic labels with environmentally sustainable materials, which are expected to enhance the labeling experience in the medical space.

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Country-wise Insights

How Does Tackling Food Wastage in Germany Propel the Demand for Thermochromic Labels?

Growing Food Wastage Concerns Encouraging the Adoption of Thermochromic Labels in Germany

Germany is projected to capture the majority of Europe’s thermochromic labels market during the forecast period. It is estimated to account for around 20% of the share in Europe’s market, owing to the rising need for minimizing food wastage and the growing popularity of thermochromic technology.

According to the Federal Government of Germany, around 11 million tonnes of food is thrown away every year. Furthermore, a study carried out by the European Commission, revealed that almost 10% of the total food waste generated in the European Union is related to data marking on product packaging. Around US$ 8.8 million in food, wastage is due to marking and labeling errors. Manufacturers use thermochromic labels to address this issue.

These labels change color when exposed to a certain trigger temperature, which could help in the reduction of food wastage in the region including Germany. Thus, the growing usage of thermochromic labels to prevent food wastage might continue to bolster growth in the market across Germany during the forecast period.

What is Driving the Demand for Thermochromic Labels in India?

Extensive Application in Pharmaceutical Pushing Demand for Thermochromic Labels in India

India’s thermochromic labels market generated a revenue of US$ 27.5 million by the end of 2022. India is one of the leading providers of OTC medicines, generic drugs, and low-cost vaccines in the world. According to the Department of Pharmaceuticals, the sector contributes to around 1.7% of the country’s GDP.

Manufacturers are extensively using thermochromic labels to ensure the integrity of these pharmaceutical products. Thus, increasing usage of thermochromic labels in the pharmaceutical industry is a key factor driving the market.

Categorical Analysis

Are the Sales of Reversible Labels Likely to Outpace the Reversible Ones During the Forecast Period?

The Tendency of Reversible Labels to be Used Multiple Times Giving Them a Competitive Edge

Irreversible labels held almost 80% of the demand share in 2022. The irreversible labels segment, although with the maximum market share, is expected to lose significant share to reversible labels due to re-usability issues. Further, this can be attributed to the rising end-user preference for reversible labels due to their ability to change color from normal to altered and back to normal again many times.

As per FMI, the thermochromic reversible labels segment is anticipated to expand at a notable CAGR of 7.8% between 2023 and 2033, generating significant revenues by the end of the forecast period.

Which End Use Segment Dominates the Global Thermochromic Labels Market?

Demand to Remain High in Food & Beverages and Pharmaceuticals Sectors

The food & beverages segment followed by the pharmaceutical segment is estimated to remain the leading segment in the market. Both segments are collectively projected to create a growth opportunity of US$ 218.2 million from 2022 to 2030. The reason behind the same is the surging demand for anti-counterfeit packaging solutions in these end-use industries.

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Competitive Landscape

Mergers and acquisitions have played a key role in the packaging industry and are continuously affecting the market dynamics. Key packaging players with strong cash flow and low expenditure are acquiring small players and partnering with end-user brands to generate significant revenues.

Some of the Recent Mergers and Acquisitions are:

  • In May 2022, CCL Industries, a global specialty packaging pioneer and the large label company in the world acquired Floramedia Group B.V.
  • In March 2022, Avery Dennison Corporation acquired Catchpoint Ltd., which is a linerless label technology developing company based in Europe.

Similarly, startups like ColorSensing and Priority Label Products Ltd. are entering the market to grab emerging opportunities from end-use industries. These startups are focusing on developing smart labels using color-sensitive technology for detecting food health status.

Siltech Limited, Colour Change, and NanoMatrix International - 3 Thermochromic Labels Companies Revolutionizing Advanced Packaging

Siltech Limited is a United Kingdom-based company that has had a significant presence in the thermochromic labels field since 2010. Many companies are using smart packaging to tell their consumers about product information and history. Siltech Limited’s label ThermAlert YRD95 changes its color from yellow to red if the temperature exceeds a threshold temperature. This indicates to the end-user about the product history and helps them in making informed choices.

Siltech Limited helps businesses with end-to-end services such as business benefits surveys, project planning, implementation, and scientific design. The company is also focusing on using sustainable products to boost its position in this landscape. For instance,

  • In August 2021, the company announced the launch of Silmer Sustain-H, a novel silicone elastomer gel that provides improved sustainability.

Color change is another key player in the thermochromic labels category with a history of smart color-changing technology. The company counts many prominent United Kingdom brands as its end-users such as Muse, Age United Kingdom, Magic Wet, and Chill ‘n Reveal.

The color change is the winner of three prestigious DTI ‘Smart Awards’ and is at the forefront of technological innovations in this field. The company focuses on offering end-users a wide range of temperature sensor packaging options such as mailers, game cards, magazine covers, coasters, and collector cards.

The company uses Advanced Chromatic Technology in its products, which creates products that can change their color quickly. The company announced it is collaborating with leading Dutch agency Miles Promocean to boost its marketing strategy through innovative packaging.

NanoMatrix International Limited is one of the leading players in the thermochromic labels field. Headquartered in Hong Kong, the company has been in the anti-counterfeiting business since 2005. In addition to providing innovative products, the company also educates end-users about the benefits of using these labels and other anti-counterfeiting products.

Key Players Profiled in the Global Market

  • Avery Dennison Corporation
  • CCL Industries Inc.
  • Siltech Limited
  • Chromatic Technologies Inc. (CTI)
  • Gravic Group
  • LCR Hallcrest LLC
  • Electronics
  • Multi-Color Corporation (MCC)
  • DeltaTrak, Inc.
  • E. Textint Corp.

Key Segments Covered

By Label Type:

  • Reversible
  • Irreversible

By End Use:

  • Pharmaceuticals
  • Food & Beverages
  • Cosmetics & Personal Care
  • Media & Entertainment
  • Automotive
  • Other Manufacturing (Aerospace, etc.)

Key Regions Covered:

  • North America
    • The United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • The Middle East and Africa (MEA)

Frequently Asked Questions

How big is the Thermochromic Labels Market?

The thermochromic labels market is valued at US$ 424.03 million in 2023.

Who are the Key Thermochromic Labels Market Players?

Avery Dennison Corporation, CCL Industries Inc. and Siltech Limited are key thermochromic labels market players.

Which is the Key Segment by Product Type?

Reversible labels are likely to remain preferred through 2033.

What is the Go-to-Market Strategy?

Players opt for mergers and acquisitions.

Which are the Key Asian Countries in the Thermochromic Labels Market?

India, Japan, and China dominate the Asian market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Label Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Label Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Label Type, 2023 to 2033

        5.3.1. Reversible

        5.3.2. Irreversible

    5.4. Y-o-Y Growth Trend Analysis By Label Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Label Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        6.3.1. Pharmaceuticals

        6.3.2. Food & Beverages

        6.3.3. Cosmetics & Personal Care

        6.3.4. Media & Entertainment

        6.3.5. Automotive

        6.3.6. Other Manufacturing

    6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Label Type

        8.2.3. By End Use

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Label Type

        8.3.3. By End Use

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Label Type

        9.2.3. By End Use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Label Type

        9.3.3. By End Use

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. UK

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Label Type

        10.2.3. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Label Type

        10.3.3. By End Use

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Label Type

        11.2.3. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Label Type

        11.3.3. By End Use

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Label Type

        12.2.3. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Label Type

        12.3.3. By End Use

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Label Type

        13.2.3. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Label Type

        13.3.3. By End Use

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Label Type

        14.2.3. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Label Type

        14.3.3. By End Use

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Label Type

            15.1.2.2. By End Use

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Label Type

            15.2.2.2. By End Use

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Label Type

            15.3.2.2. By End Use

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Label Type

            15.4.2.2. By End Use

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Label Type

            15.5.2.2. By End Use

    15.6. UK

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Label Type

            15.6.2.2. By End Use

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Label Type

            15.7.2.2. By End Use

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Label Type

            15.8.2.2. By End Use

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Label Type

            15.9.2.2. By End Use

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Label Type

            15.10.2.2. By End Use

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Label Type

            15.11.2.2. By End Use

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Label Type

            15.12.2.2. By End Use

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Label Type

            15.13.2.2. By End Use

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Label Type

            15.14.2.2. By End Use

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Label Type

            15.15.2.2. By End Use

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Label Type

            15.16.2.2. By End Use

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Label Type

            15.17.2.2. By End Use

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Label Type

            15.18.2.2. By End Use

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Label Type

            15.19.2.2. By End Use

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Label Type

            15.20.2.2. By End Use

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2022

            15.21.2.1. By Label Type

            15.21.2.2. By End Use

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2022

            15.22.2.1. By Label Type

            15.22.2.2. By End Use

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2022

            15.23.2.1. By Label Type

            15.23.2.2. By End Use

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Label Type

        16.3.3. By End Use

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Avery Dennison Corporation

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. CCL Industries Inc.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Siltech Limited

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Chromatic Technologies Inc. (CTI)

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Gravic Group

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. LCR Hallcrest LLC

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Electronics

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Multi-Color Corporation (MCC)

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. DeltaTrak, Inc.

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. E. Textint Corp.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 16: Latin America Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 21: Western Europe Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 22: Western Europe Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 23: Western Europe Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 24: Western Europe Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Eastern Europe Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 28: Eastern Europe Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 30: Eastern Europe Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 34: South Asia and Pacific Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 36: South Asia and Pacific Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033

Table 39: East Asia Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 40: East Asia Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 41: East Asia Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 42: East Asia Market Volume (Units) Forecast by End Use, 2018 to 2033

Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033

Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Label Type, 2018 to 2033

Table 46: Middle East and Africa Market Volume (Units) Forecast by Label Type, 2018 to 2033

Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 48: Middle East and Africa Market Volume (Units) Forecast by End Use, 2018 to 2033

List of Charts

Figure 1: Global Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by End Use, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 9: Global Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 13: Global Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 16: Global Market Attractiveness by Label Type, 2023 to 2033

Figure 17: Global Market Attractiveness by End Use, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by End Use, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 27: North America Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 31: North America Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 34: North America Market Attractiveness by Label Type, 2023 to 2033

Figure 35: North America Market Attractiveness by End Use, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by End Use, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 45: Latin America Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 49: Latin America Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Label Type, 2023 to 2033

Figure 53: Latin America Market Attractiveness by End Use, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Western Europe Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 56: Western Europe Market Value (US$ Million) by End Use, 2023 to 2033

Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Western Europe Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 63: Western Europe Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 66: Western Europe Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 67: Western Europe Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 70: Western Europe Market Attractiveness by Label Type, 2023 to 2033

Figure 71: Western Europe Market Attractiveness by End Use, 2023 to 2033

Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Eastern Europe Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 74: Eastern Europe Market Value (US$ Million) by End Use, 2023 to 2033

Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 81: Eastern Europe Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 85: Eastern Europe Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 88: Eastern Europe Market Attractiveness by Label Type, 2023 to 2033

Figure 89: Eastern Europe Market Attractiveness by End Use, 2023 to 2033

Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033

Figure 91: South Asia and Pacific Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 92: South Asia and Pacific Market Value (US$ Million) by End Use, 2023 to 2033

Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 103: South Asia and Pacific Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 106: South Asia and Pacific Market Attractiveness by Label Type, 2023 to 2033

Figure 107: South Asia and Pacific Market Attractiveness by End Use, 2023 to 2033

Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033

Figure 109: East Asia Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 110: East Asia Market Value (US$ Million) by End Use, 2023 to 2033

Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 116: East Asia Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 117: East Asia Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 118: East Asia Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 120: East Asia Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 121: East Asia Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 124: East Asia Market Attractiveness by Label Type, 2023 to 2033

Figure 125: East Asia Market Attractiveness by End Use, 2023 to 2033

Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 127: Middle East and Africa Market Value (US$ Million) by Label Type, 2023 to 2033

Figure 128: Middle East and Africa Market Value (US$ Million) by End Use, 2023 to 2033

Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033

Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Label Type, 2018 to 2033

Figure 135: Middle East and Africa Market Volume (Units) Analysis by Label Type, 2018 to 2033

Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Label Type, 2023 to 2033

Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Label Type, 2023 to 2033

Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 139: Middle East and Africa Market Volume (Units) Analysis by End Use, 2018 to 2033

Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 142: Middle East and Africa Market Attractiveness by Label Type, 2023 to 2033

Figure 143: Middle East and Africa Market Attractiveness by End Use, 2023 to 2033

Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033

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