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Based on product, the market is segmented as primary and variable information print. Primary held a majority market value of USD 1.12 billion in 2022. The Variable Information Print segment in the market has experienced significant growth driven by the increasing demand for personalized and variable data on labels. This growth is attributed to various factors, including the need for product traceability, regulatory requirements for detailed labeling information, and the rise of e-commerce, which often requires individualized packaging and labeling. As businesses seek to engage consumers with relevant information and branding, the Variable Information Print segment has become a critical component of label production.
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Based on printing ink, the linerless labels market is segmented as water based, solvent based, uv curable, and others. Water Based held a dominant market share of around 39% in 2022 and is expected to grow at a lucrative pace by 2032. The segments of Solvent Based, UV Curable, and Others in the market have exhibited diverse growth patterns. Solvent-based printing inks, while effective, have faced some challenges due to environmental concerns and regulations, prompting a shift towards more eco-friendly alternatives. UV Curable inks, on the other hand, have experienced notable growth, driven by their quick curing time, durability, and adherence to sustainability trends.
The "Others" category, which encompasses various alternative ink types, has shown some innovation, particularly in the development of water-based inks, which offer reduced environmental impact. Overall, the market is witnessing a transition towards more sustainable and versatile ink options, with UV Curable inks leading the way, and ongoing experimentation within the "Others" category to address changing industry demands.
Based on end use industry, the linerless labels market segmented as food, beverage, home & personal care, pharmaceuticals, retail, and other. The food industry has seen steady expansion, driven by increased consumer demand for product information and packaging sustainability. The beverage sector has been marked by innovation, with premium labeling and the surge in craft beverages fostering growth.
Home and personal care products have experienced robust development, primarily due to a focus on appealing aesthetics and eco-friendly packaging. Pharmaceuticals have emphasized safety and regulatory compliance, prompting growth in labeling requirements. The retail industry, amid e-commerce's ascent, has had a growing need for efficient and customizable labeling solutions. The "Other" category has shown adaptability to niche markets, presenting unique opportunities.
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U.S. dominated the North American region with majority market share and a revenue of USD 431.8 Million in 2022 and is anticipated to expand at a significant pace from 2023-2032. This growth is attributed to a range of factors, which may include increased demand for eco-friendly labeling solutions, the adoption of advanced printing technologies, and the evolving needs of various industries within the region.