Global Die Cut Label Market Is Estimated To Witness High Growth Owing To Rising Demand For Labels In The Logistics And Automotive Sectors And Growing Demand For Customization
Overview:
A die-cut label is a type of adhesive label that is precisely cut into a specific shape or design using a sharp tool or die. This process allows labels to be crafted into intricate forms that conform to the contours of products or packaging. Die-cut labels are popular in various industries for branding, identification, and information purposes.
Die-cut labels are versatile and can be found on products ranging from food packaging to electronics. They provide a professional and visually appealing way to showcase branding elements, product details, and legal information. Due to their precision, they’re particularly suitable for irregularly shaped items. The process requires specialized machinery and skilled operators to ensure accurate and consistent results. Die-cut labels play a crucial role in enhancing a product’s visual appeal and conveying essential information to consumers.
Market Dynamics:
Rising acquisition by key players are estimated to augment growth of the global Die Cut Label Market during the forecast period. For instance, CCL Industries acquired Alert Systems ApS and eAgile Inc., in April 2023. Alert Systems offers patented anti-theft solutions and eAgile Inc., is a patented hardware and software solution for the healthcare industry. Moreover, limited material options and cost considerations are anticipated to restrain growth of the global die cut label for market during the forecast period.
Impact of COVID-19:
The pandemic had a devastating impact on several countries across the world. The pandemic led to the imposition of strict nationwide lockdowns in many regions. These restrictions hampered the growth of several sectors. Strict nationwide lockdowns, quarantines, travel bans were imposed in many countries.
This halted the manufacturing activities in many regions, as there was a shortage of raw materials caused due to strict lockdowns in many regions. These restrictions also disrupted supply chains in many regions. This decreased the demand for die cut label. Thus, the pandemic hindered the growth of the global Die Cut Label Market. However, the market is estimated to witness growth as all restrictions shave been relaxed and several industries have resumed their operations.
Key Takeaways:
The global Die Cut Label Market is expected to witness high growth, exhibiting CAGR of 4 % over the forecast period, due to growing product launches. For instance, a new sustainable, lineless option for variable information (VI) labels, AD XeroLinr DT was created by Avery Dennison in April 2023. AD XeroLinr DT offers 60% more labels per roll and it helps in increasing productivity.
North America is anticipated to witness significant growth in the global die cut label for market during the forecast period, due to growing presence of well-established industries and increasing innovations.
Key players operating in the global Die Cut Label Market are Medford Technologies, StickerYou, Kartdavid Limited, StandOut Stickers, Kartdavid Limited, Data Graphics Inc, Freely Creative, Inc, Comgraphx, Graphicsland, Inc., Websticker, Stickerfly, Sticker Mule, Sticker Robot, StickerCanada, JoinPrint, Medford Technologies,Inc, StickerGiant, and Go Decal.
