London, 06 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the Label Market in North America 2015-2019, which is expected grow at a moderate rate of 1.76% CAGR during the forecast period of 2014-2019.
“With increased competition and the need to improve customer satisfaction, organizations in end-user segments have increased their spending on promotional activities, which has led to several vendors offering innovative labeling,” says Faisal Ghaus, Vice President of Technavio.
“The market is witnessing an increase in demand for promotional purposes such as colorful and appealing labels and packaging for vendors to improve their marketing activities.”
Key Market Drivers
- Growing Demand for Sleeve Labels
- Increased Demand for Colored Labeling
- Increased Demand from OR Sector
- Increased Demand for Esthetically Appealing Products
Key Market Trends
- Increased Investment in R&D
- Sustainability
- Improved Promotional Activities
Key Market Vendors
- Avery Dennison Corp.
- Bemis Co. Inc.
- CCL Industries Inc.
- Clondalkin Group
- SATO America LLC
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
