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China will become the world's largest label market within ten years

Aug 27, 2018 Leave a message

China will become the world's largest label market within ten years

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In recent years, the label market has developed rapidly. According to industry leaders' predictions on the development trend of the label industry: in 2009, global label growth was between 5% and 5.5%. Historically, self-adhesive labels have been growing faster than the entire label industry. Accordingly, the growth of the world self-adhesive industry in 2009 is expected to be 6%-7%, which is equivalent to a new growth of nearly 1 billion square meters. By the end of 2009, the global label material is estimated to be about 43 billion square meters. At present, the entire label industry is growing by 2 billion to 2.5 billion square meters per year. By 2010, the total consumption of the Asian label printing market will account for 37% of the total consumption in the global label printing market. The rapid development of the market will bring huge development potential and business opportunities to practitioners in the label industry. By 2011, global label production will reach 50 billion square meters, with an annual growth rate of 7%; the total output value will reach 100 billion US dollars, with an annual growth rate of about 9%.


The label market will achieve rapid growth in the world's emerging economies, and the demand for label printing in these regions has reached more than 45% of the global market demand. The label market in developing countries will maintain strong growth momentum, healthy economic development, new free trade agreements, population growth, expansion of the consumer class and consumer demand for food, beverages, daily chemicals and other high consumption. The growth has contributed to the development of the label market. The world-famous futurist John Naisbit studied the Chinese economic environment, focused on China's macro economy, and interpreted China's rise from a unique perspective. He firmly believed that the "China model" would affect the whole with incredible power. The world, and predict that China will become the new center of the future world. In his latest book, "China's Megatrends," he analyzed: At present, Japan, China, and Germany have GDPs between 4 trillion and 5 trillion US dollars. China's GDP has risen to the third place in the world and will continue to maintain rapid growth.


At present, China has become the world's second largest label market, and its market demand will continue to grow at a double-digit rate. Within a decade, China will become the world's largest label market.


In North America, Western Europe, and especially in economically developed countries such as Japan, traditional packaging applications have matured, but label printing still faces fierce competition with direct printing. Despite this, label printing will find more opportunities in inventory control, product security and other new applications.


The growth of the national economy, changes in consumer packaging concepts and technological innovation have brought tremendous growth to the Chinese self-adhesive label market. There are many varieties of commodity labels, and they are constantly developing with the development of markets and technologies. In recent decades, self-adhesive labels have gained a large share of the label market due to their ease of use. After rapid development in recent years, the self-adhesive label printing industry has formed a certain industrial scale, and the related printing and processing technology is also gradually improving, but the domestic self-adhesive label printing market is still in the initial stage of development, and the market is still far from mature. Compared with the developed European and American countries, there is still a considerable gap in terms of market size, product grade, variety specifications, and consumption level. With the development of the market economy, the improvement of printing level and product quality, and the continuous expansion of application fields, China's self-adhesive label printing will have a huge market development space.


China's national economy has shown a good momentum of sustained and steady growth for several consecutive years. China's packaging industry has to undertake the packaging task of more than 3 trillion yuan of industrial and agricultural products and more than 100 billion US dollars of export goods every year, and each type of packaging is inseparable from trademark labels. As the world's manufacturing center and one of the largest consumer markets in the world, China will undoubtedly become a major application country and a major consumer of various label technologies. Nowadays, the world of traditional labels is beginning to change. The future development potential and growth of labels will not only be related to the content and appearance of label printing, but will also be increasingly affected by intelligence. For the high-profile RFID tag technology, the growth of smart tags will become a breakthrough point for label printing companies in the next 5-10 years. It is estimated that by 2015, the annual demand for RFID tags will reach 1 trillion, most of which will be smart tags, and label printing companies will process these smart tags into labels that meet global norms and reading standards.


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