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Views: 1 Author: Site Editor Publish Time: 2025-09-13 Origin: Site
Forecast says growth will depend on willingness to change. FINAT is predicting a sales increase of at least 5% for the European label industry within the next two years. However, due to changes in customer demands, this will only happen if manufacturers rethink, as the demand for conventional analogue products will apparently decline by around one quarter, and by around 12% in the digital range. Instead, customised designs are now in demand, as well as multilingual products, counterfeit protection and traceability. Companies in the industry are accepting the challenge: Nearly a third of all association members who were asked are planning to buy innovative label printers before the end of this year. For the first time conventional machinery would thus be overtaken by technologies that can be used for the design of shrink and stretch sleeves as well as for in-mould labelling. Although 75% of the label market is still dominated by only ten Western countries, this proportion, too, is facing a major shift, as the Eastern European countries are currently experiencing steady growth in the demand for packaging labels on medical, cosmetic and food products. Energy labels Another change in the market is caused by compliance with a considerable range of EU regulations on packaging labels. For instance, whenever an electrical appliance is sold within the EU, its energy consumption must be clearly displayed on a suitably attached label, specifying the relevant energy efficiency class. Labelling of safe medication It is vital to prevent any counterfeiting of medicines and to ensure that packaging is childproof. This, too, will need to be achieved through labelling on medication, alongside the provision of usage information printed on the package. Moreover, safety features will need to be provided, preventing plagiarism. Hazardous chemicals The EU Chemicals Regulation, which has been in place for just over 18 months now, requires packaging labels to carry CLP pictograms as well as standard details as a way to protect workers and consumers in hazardous workplaces. The latest report from the international market research agency Smithers Pira concludes that growth in the label manufacturers’ industry will be just over 5%. What makes all the difference is that these figures are applicable worldwide – and that they will reach as far as 2021. “The Future of Labels and Release Liners to 2021” predicts that – given an annual 5.4% growth rate, not including inflation and currency fluctuations – the global market will increase in value by an average of 4.9%. According to these calculations, the current market of around US$ 34.5 million will rise to nearly US$ 45 million within the next five years. The demand for label materials will apparently reach the same level of protective film. According to the forecast, the use of this packaging material alone is set to rise by 4.6% per year from over US$ 6 million in 2016 to nearly US$ 8 million. The demand for low-cost labels is growing just as much as the demand for secure barcodes and other secondary packaging add-ons. Smithers Pira, too, sees the introduction of new legal provisions as a further cause for this rise in demand.  Fannie Liu Sales Jiangmen Hengyuan Label Technology Co., Ltd Cel/Whatsapp/Wechat: +86 18127529028 Email: hys12@chinahypaper.com Company Website: http://www.hengyuanlabel.com  |
