Multipanel Labels are labels that allow display of additional information on packaging without increasing the packaging footprint. These multipanel labels provide companies a novel means of expanding their brand name without significantly changing packaging line operations. There are a wide variety multipanel labels and shapes to choose from, while most commonly multipanel labels are attached to bottles, cartons, syringes, vials, packaged food items, etc. Companies benefit from opting multipanel label shapes which are most eye-catching.
In the multipanel labels, there are lots of information provided which can be published such as information about health and safety warnings, promotions, redeemable coupons, adding diagrams of how to cook and sometimes instructions of how to use a particular product in a diagrammatic format and many others. Therefore, multipanel labels reduces the overall complexity and cost of packaging procurement by replacing multiple stock keeping units with one, larger unit. Companies generally utilize multi-panel labels in three main ways such as Bi-view, Tri-view and Fix-a-Form way. The market for multipanel labels is expected to grow at a healthy rate over the forecast period.
Global Multipanel Labels Market Dynamics:
The Multipanel Labels market is anticipated to be driven by the growing demand for multipanel labels in food and beverage, pharmaceutical, home care and personal care & cosmetics, and packaging industry. Stable growth in these end-use industries is forecast to boost sales of multipanel labels over the forecast period. Furthermore, growing inclination of consumers towards packaged food products is expected to drive future growth of the global multipanel labels market. Macro-economic factors such as growing urban population, increasing per capita income and increasing standard of living of people, particularly in the developing economies, are expected to propel market growth. However, global multipanel labels market is gradually becoming fragmented which is estimated to push the global multipanel label industry to operate under tough competition.
Global Multipanel Labels Market Segmentation:
The global Multipanel Labels market is segmented on the basis of adhesive technology which includes pressure adhesive sensitive technology and heat sensitive adhesive technology. On the basis of end-use industry, the global multipanel labels market are segmented into food and beverage, pharmaceutical, personal care products & cosmetics and packaging industry. The global multipanel labels market can further be segmented on the basis of material type into: plastic, paper and metallized films.
Global Multipanel Labels Market: Regional Outlook
Geographically, the Multipanel Labels market can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Middle-East & Africa and Japan. Europe is forecast to dominate the global Multipanel Labels market in terms of consumption and is also estimated to be the fastest growing market over the forecast period. Asia-Pacific holds the second position followed by North America and Middle-East and Africa is estimated to grow in Global Multipanel Labels Market. The major factors for the growth of Asia-Pacific multipanel labels market are growing urban population, increasing per capita income and increasing standard of living. The rapid growth of economies in Middle East and Africa is estimated to show a significant growth in the global multipanel labels market.
Global Multipanel Labels Market Players
The key players identified across the value chain of global Multipanel Labels market include Label Print America, Edwards Label Inc., AD Tape & Label Co Inc., Nosco Inc., Sleevo Co,Inc., CCL Industries, Pamco Printed Tape & Label Co., Inc., Accraply Inc. , Commerce Label, Inc. and others. The companies are emphasizing on research and development and new product development in order to maintain the competitive advantage in global Multipanel Labels market during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.