Covid-19 impacted virtually every aspect of our lives, forcing us to change the way we handle our daily activities and develop new norms. Packaging, specifically the flexible packaging industry, played a huge role in this change, from manufacturing across many industries, including food and healthcare resources, to consumers at home.
As we are about to enter the post-pandemic era, APEX international is very pleased to announce the 6th Asia flexible packaging summit dedicated to establishing a business platform focused on product development, innovation and business expansion within flexible packaging industry all across countries including Indonesia, Thailand, Vietnam, India, Asia and around the globe.
This upcoming VAFPS 2022 aims at gathering together over 200 flexible packaging industry professionals all across the industry supply chain worldwide and providing the opportunity to share and examine the emerging new developments and expanding markets in the Asia Pacific region.
The global flexible packaging market size reached US$124.9 billion in 2021. Looking forward, the market intelligence sources expect the market to reach US$162.4 billion by 2027, exhibiting a CAGR of 4.5 per cent during 2022-2027. Keeping in mind the uncertainties of Covid-19, we are also continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries.
Technical advances have dramatically changed how flexible packaging is viewed. Product differentiation, technical development and innovation will continue to reign as key growth drivers for the industry.
Catalyzed by advancements in packaging technology, the global demand of flexible packaging material is exhibiting strong growth. Moreover, the popularity of flexible packaging among consumers has also increased as it is a cost-effective alternative for storage issues, minimizes product wastage along with keeping the food safe and healthy.
Join local and international experts at VAFPS2022 and SLPA2022 to review the technology and markets in the Asia Pacific region and network with buyers, converters, manufacturers, researchers and industry suppliers.
The Print Label Market is segmented by Technology (Offset, Flexography, Rotogravure, and Screen), Type (Wet-glued Label, Pressure-sensitive or Self-adhesive Labels, and Linerless Label), End User (FMCG, Hospital, and Manufacturing), and Geography. Print Label Market was valued at US$39.44 billion in 2020 and is projected to reach US$53.37 billion by 2028, growing at a CAGR of 3.86 per cent from 2021 to 2028.
The rapid rise of digital print technology has made the print labels market more sophisticated and increased the adoption of print labels globally. Their versatility and flexibility, combined with the high graphics standards are the key growth features.
The pressure labels market was valued at US$93.19 billion in 2020 and is expected to reach US$119.7 billion by 2026, at a CAGR of 4.26 per cent over the forecast period 2021 - 2026.. Smaller label segments such as stretch sleeve, linerless, heat-shrink and in-mold labels will witness some of the fastest growth through the forecast period.
The Asia Pacific (APAC) print labels market was valued at US$15.878 billion in 2019 and is expected to grow at a CAGR of 6.37 per cent to reach a market size of US$24.456 billion by 2026. Due to the continued rapid expansion of Chinese and Indian label demand, Asia Pacific print labels market will witness the fastest growth rate over the forecast period.
High economic growth in emerging economies, rising disposable income, and growing health awareness are some of the key factors augmenting the demand for packaged food and beverage products, which in turn has boosted the demand for print labels in the region. Increasing aging population, especially in Japan, has escalated the need for more healthcare services, coupled with the increased use of cosmeceuticals is impacting the demand for print labels by end-use industries.
This upcoming two-day SLPS 2022, held against such business background, mainly aims at looking into global label development trend, such as sustainable eco-friendly label materials, reducing materials usage, energy consumption and converter carbon footprint, etc., this event would also serve as a platform for industry professionals and decision makers to get together for market intelligence sharing, technical exchange and business development & partnership. Your support and active involvement would be highly appreciated.We are looking forward to hosting all of your in this event.