ArticlesBy Federico D'Annunzio, Product Owner, Hybrid & Label Printing, BOBST
The label printing market continues to grow: the global market was valued at $36.98 billion in 2017 and is forecast to reach $45.22 billion by 2022.
This is driven in part by changing market dynamics and ever-evolving demands from label customers, with a growing number of SKUs, a dramatic reduction in average job lengths and life-cycles for mass-produced products and a significant increase of the regulatory content that is required on products. But it is also due – in part at least – to the fact that players in the label printing industry have been willing to embrace change and pioneer new printing and converting methods. The result in recent years has been an increasing number of label types and variety of labels in the industry.
LABELING AND PRODUCT DECORATION:
Global market update from AWA Alexander Watson Associates
According to AWA Alexander Watson Associates' latest researches, pressure-sensitive labeling continues to represent a 40% share of the global labeling technologies market, while the old-established glue applied technology claims second place, with a 35% market share, and the sleeve labeling technologies now represent a solid 19% share - and are still growing.
As Jules Lejeune, Managing Director of FINAT, reported in his previous #LABELicious update a month ago, the registration for the #LABELicious students' and young professionals competition closed on the 15th May 2019.
He has provided an update.
A fabulous networking event for BPIF Labels members and guests
Full report on the recent 2019 AWA International Sleeve Label Conference & Exhibition
AWA Alexander Watson Associates launched their International Sleeve Label Awards just five years ago now, to reward quality and originality in the design, production, and end-use of all types of sleeve labels. This year's winners once again confirm how innovative and technically-superb this industry is today.
The European Label Forum (ELF) is hosted by FINAT and takes place once a year. Its programme extends over three days and offers a unique source of knowledge, experience and networking key to the strategic success of label businesses.
BPIF Labels members can book this at the FINAT member price until the end of May
From February 1st, FINAT have promoted the #LABELicious project actively on Instagram and Facebook. The targeted promotion is completely focused on the audience in the 18-25 year age bracket, and fitting the profiles (engineering, design, sustainability) that the label industry wants to reach.
A few weeks ago, FINAT launched the #LABELicious competition. Young talents, aged between 18 and 25 can compete in 3 different categories and win a hosted trip to Labelexpo Europe, a prize of € 1,000,- and an experience week. The real prize, of course, is the recognition of talent and the publicity the winner receives!