Self-Adhesive Printed Label Market

The article discusses the increasing demand for self-adhesive printed labels worldwide, forecasting market performance to accelerate with a +5.0% CAGR for volume and +7.2% CAGR for value from 2022 to 2030. It analyzes trends in consumption, production, imports, and exports, highlighting Russia as the largest consumer and producer of self-adhesive printed labels. Key importing and exporting countries, along with average prices and growth rates, are also detailed. The comprehensive analysis provides insights into the global self-adhesive printed label market.

Market Forecast

Driven by increasing demand for self-adhesive printed labels worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market volume to 104M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market value to $643.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Self-Adhesive Printed Labels

In 2022, consumption of self-adhesive printed labels increased by less than 0.1% to 71M tons, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.6% against 2020 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global self-adhesive printed label market value declined modestly to $367.8B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at $369.4B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Consumption By Country

Russia (59M tons) constituted the country with the largest volume of self-adhesive printed label consumption, comprising approx. 83% of total volume. Moreover, self-adhesive printed label consumption in Russia exceeded the figures recorded by the second-largest consumer, Ireland (3.9M tons), more than tenfold. The third position in this ranking was held by Belgium (2.1M tons), with a 3% share.

In Russia, self-adhesive printed label consumption increased at an average annual rate of +2.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Ireland (+70.0% per year) and Belgium (+15.6% per year).

In value terms, Russia ($288.2B) led the market, alone. The second position in the ranking was taken by Ireland ($17.6B). It was followed by China.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -1.4%. In the other countries, the average annual rates were as follows: Ireland (+69.8% per year) and China (+7.6% per year).

The countries with the highest levels of self-adhesive printed label per capita consumption in 2022 were Ireland (765 kg per person), Russia (407 kg per person) and Belgium (180 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Ireland (with a CAGR of +68.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Self-Adhesive Printed Labels

Global self-adhesive printed label production fell to 70M tons in 2022, approximately mirroring the previous year's figure. Overall, the total production indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +31.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 45%. Over the period under review, global production reached the peak volume at 70M tons in 2021, and then dropped modestly in the following year.

In value terms, self-adhesive printed label production stood at $85.6B in 2022 estimated in export price. Over the period under review, production faced a deep reduction. The growth pace was the most rapid in 2017 with an increase of 89%. Over the period under review, global production reached the maximum level at $552.6B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

Russia (59M tons) constituted the country with the largest volume of self-adhesive printed label production, comprising approx. 83% of total volume. Moreover, self-adhesive printed label production in Russia exceeded the figures recorded by the second-largest producer, Ireland (3.9M tons), more than tenfold. Belgium (2M tons) ranked third in terms of total production with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume in Russia stood at +2.8%. The remaining producing countries recorded the following average annual rates of production growth: Ireland (+71.3% per year) and Belgium (+15.5% per year).

Imports

World Imports of Self-Adhesive Printed Labels

In 2022, global imports of self-adhesive printed labels rose remarkably to 830K tons, surging by 14% on the previous year. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, self-adhesive printed label imports rose slightly to $4.6B in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports By Country

In 2022, Mexico (116K tons), Belgium (97K tons), France (68K tons), the Netherlands (48K tons), Canada (39K tons), Germany (36K tons), the United States (32K tons), Poland (30K tons), Hong Kong SAR (26K tons), Indonesia (26K tons), Spain (24K tons) and the UK (23K tons) was the major importer of self-adhesive printed labels in the world, making up 68% of total import. Italy (15K tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +16.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, France ($276M), the United States ($276M) and Germany ($249M) constituted the countries with the highest levels of imports in 2022, with a combined 17% share of global imports. Hong Kong SAR, the Netherlands, Mexico, Belgium, the UK, Canada, Poland, Indonesia, Italy and Spain lagged somewhat behind, together accounting for a further 33%.

Poland, with a CAGR of +5.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average self-adhesive printed label import price amounted to $5,525 per ton, dropping by -10.5% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $7,247 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($9,164 per ton), while Belgium ($1,504 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Self-Adhesive Printed Labels

In 2022, shipments abroad of self-adhesive printed labels increased by 0.7% to 486K tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 16% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, self-adhesive printed label exports reached $4.6B in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, China (118K tons) was the largest exporter of self-adhesive printed labels, making up 24% of total exports. Germany (42K tons) held an 8.5% share (based on physical terms) of total exports, which put it in second place, followed by the United States (7.1%), Hong Kong SAR (5.2%) and the Netherlands (4.9%). Belgium (20K tons), Italy (19K tons), Poland (14K tons), France (14K tons), Taiwan (Chinese) (13K tons), India (11K tons), Canada (10K tons) and Russia (10K tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to self-adhesive printed label exports from China stood at +3.0%. At the same time, Russia (+28.7%), India (+14.7%), Belgium (+8.1%), Taiwan (Chinese) (+5.7%), Poland (+5.2%), Italy (+3.1%), Canada (+2.6%), the Netherlands (+1.6%) and France (+1.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, the United States (-1.4%) and Hong Kong SAR (-4.5%) illustrated a downward trend over the same period. China (+2.5 p.p.), Russia (+1.9 p.p.), Belgium (+1.9 p.p.) and India (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United States and Hong Kong SAR saw its share reduced by -1.6%, -2.7% and -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1B) remains the largest self-adhesive printed label supplier worldwide, comprising 22% of global exports. The second position in the ranking was taken by Germany ($409M), with an 8.8% share of global exports. It was followed by Hong Kong SAR, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.1% per year) and Hong Kong SAR (-2.4% per year).

Export Prices By Country

The average self-adhesive printed label export price stood at $9,498 per ton in 2022, rising by 2.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 9.5%. As a result, the export price reached the peak level of $10,235 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($16,055 per ton), while Russia ($2,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform