With a forecasted CAGR of 3.7% from 2022 to 2032, the waterproof label market is predicted to grow to US$ 9.1 billion in 2022 and US$ 13.1 billion by 2032. These days, waterproof packaging is a very popular sort of packaging, and the practically infinite variety, design, and functionality of this type of packaging is projected to spur the expansion of the waterproof label market during the course of the forecast period.
Additionally, the market for waterproof labels has grown due to their versatility and benefits, such as the fact that they are UV resistant for many years and stain-resistant thanks to the eco-solvent inks used in printing them.
Waterproof labels can be classified as inkjet printable waterproof labels and laser-printable waterproof labels. They are made up of either polyethylene or polyester. Waterproof labels have various benefits such as they are high quality without sacrificing aesthetics, they are extremely durable, they can hold up a wide array of temperatures and they are made up of strong and permanent adhesives.
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Due to their exceptional durability, materials like vinyl and polyester are a key component driving the growth of the global market for waterproof labels. These waterproof labels function exceedingly well in the elements and are suitable for both dry and wet applications. While a range of products utilise waterproof labelling. This sort of labelling is compatible with products like microwaves and dishwashers and is not affected by any pricy and toxic waterproofing sprays. The need for waterproof labels grows as a result. The market’s expansion could be hampered, though, by consumer ignorance and the greater initial cost of raw materials.
How will the North America Waterproof Label Market Grow?
The North American region took second place after Europe in the waterproof label market share acquiring 27% of the waterproof label market share as per the waterproof label market survey.
Increased demand for industrial and packaging products in the North American region may also increase the demand for waterproof label by the end of the forecast period.
How is the market for waterproof labels’ startup ecosystem doing?
In order to get attention across the globe, the start-up ecosystem in the waterproof label market is always developing fresh and original concepts. In recent years, the market for waterproof labels has seen tremendous growth.
One of the startups is the Blue Label Packaging Company, which offers premium waterproof labels that are adopted without any scratches, tears, or smudges.
In order to ensure that you receive the best waterproof label in the upcoming years and to increase the waterproof label market potential, it also aims to keep your products safe with flexible and lightweight packaging
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Who are Some of the Key Competitors in the Waterproof Label Market?
Some of the major players identified across the globe in the waterproof label market are
- LANGGUTH America Ltd.,
- Markem-Imaje,
- Matthews Marking Systems,
- Multivac Inc.,
- Paxton Products,
- PDC International Corp.,
- Primera Technology,
- SATO America,
- Sleeve Seal,
- Squid Ink,
- Guangzhou Aide Medical Technology Co., Ltd.,
- Guangzhou Guangcai Labels Co., Ltd.,
- Hangzhou Newsmax Technology Co., Ltd.,
- Dongguan Changan Zhiye Printing Factory.
The key competitors are operating the waterproof label market with their several advanced methodologies and ideas to upsurge the waterproof label market size. Such as mergers, product launches, partnerships, acquisitions and others.
Recent Development in the Waterproof Label Market are
- In 2020, The DIC Corporation company announced to launch of its new revolutionary printing inks which induce drying with the help of oxidation polymerisation. The company adopt this strategy which is anticipated to expand its business worldwide.
Key Segments
By Design:
- Impulse turbine
- Pelton wheel
- Turgo
- Water wheel
- Jonval turbine
- Archimedes screw
- Reaction turbine
- Francis turbine
- Kaplan turbine
- Tyson turbine
- Gorglow turbine
By Application:
- Power Generation
- Power Storage
- Marine
- Aeronautics
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