Die cut labels are sticker labels that have pre-cut designs or shapes in them. They are widely used in food, beverages, cosmetics, and pharmaceutical industries for labeling products, brand identification and providing information. Die cut labels are made from materials like paper, vinyl and polypropylene and are available in various shapes and sizes as per packaging requirements. They help companies build brand recognition, provide essential information about ingredients, manufacturing or expiry dates on products.

The global die cut label market is estimated to be valued at US$ 162.4 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the key drivers for growth of the die cut label market is the increasing demand from the food and beverages industry. Food and beverages companies widely use die cut labels to provide nutrition information, ingredients list, best before dates and other brand details on product packages. According to data, food and beverages was the largest end use industry for die cut labels in 2023, accounting for over 30% of global demand. Growth in packaged food andready-to-eat meals is expected to drive label demand further. Moreover, rising health consciousness is prompting companies to provide detailed labelling on products, thus promoting die cut labels usage. However, strict regulatory norms associated with labelling could hamper market growth over the forecast period.

SWOT Analysis
Strength: Die Cut Label Market has wide applications in food & beverage industry for packaging products such as canned goods, wine bottles etc. The market is growing due to increasing demand for innovative packaging from consumer goods companies. Easy applicability and durability of die cut labels make them first preference of manufacturers.
Weakness: Frequent changes in label design as per brand strategy leads to high cost of printing new labels. Adhesive quality issues can cause labels to come off quickly.
Opportunity: Emerging trends of personalized labelling according to consumer demand present opportunities. Innovation in labelling materials such as RFID/digital labels will open new growth avenues. Growing e-commerce industry relies on effective labelling for order fulfilment.
Threats: Stringent regulations regarding label printing ink content can increase compliance cost. Shift towards reusable and sustainable packaging poses threat to usage of die cut labels.

Key Takeaways
The Global Die Cut Label Market Size is expected to witness high growth. The market size for 2023 is US$ 162.4 Mn and forecast period is from 2023 to 2030 with CAGR of 9.5%. Food & beverage industry dominates the demand for die cut labels for product identification and branding.

Asia Pacific as the fastest growing region attributed to expanding consumer packaged goods sector in China and India. North America holds major share of the global die cut label market owing to large food processing industry in the US.

Key players operating in the Die Cut Label Market are Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company and BASF SE. These companies mainly focus on developing sustainable and eco-friendly label materials to adhere to changing regulatory norms. Innovation is the key strategy adopted by leading players to stay ahead of competition and fulfil customized requirements from end users. Hempel A/S offers specialized coating solutions for product labelling and is strengthening its presence across major markets.

For More Insights, Read: https://www.trendingwebwire.com/die-cut-label-market-trends-growth-and-regional-outlook-2023-2030/