2024 Predictions for the Labeling Industry
The industry is Growing, Labels are Getting Smarter, and Much More Interactive
The labeling industry is undergoing exciting changes in 2024. According to GENflex Labeling Solutions, a leading manufacturer of labels here’s what we can expect from the industry this year:
Growth. The industry is growing at 4% annually. Smithers, a market research company, estimates that the global label market was worth $39 billion in 2018. In 2024, that will top $40 billion.
Eco-friendly materials. The labeling industry is becoming more conscious of its environmental impact and is adopting more sustainable practices and materials. Labels will be made from more recycled or biodegradable materials and still provide necessary durability and performance. The industry will also further reduce waste and energy consumption in the production process.
Interactivity. Expect more labels to have interactive features such as QR codes that enable consumers to access more information about a product, the manufacturer, and how to use the product. These features will enhance the consumer experience and improve customer loyalty.
Smart Labels. Labels will become smarter in 2024. They will be able to communicate with manufacturers and distributors throughout the supply chain. This will be accomplished using technologies such as Radio Frequency Identification (RFID). This technology will help monitor product location and provide real-time data, improving efficiency, quality, and the safety of products.
System Integration. With the evolution of smart labels, labels will increasingly integrate with various systems, such as inventory management, warehouse automation, and e-commerce platforms. This will improve the distribution of products and make data available across the supply chain.
Digital Printing. Digital printing offers many advantages over conventional printing methods, such as faster turnaround time, lower cost, higher quality, and customization. Digital printing will become more popular and accessible in 2024 as the demand for personalization of product labels increases.
About GENFlex Labeling Solutions
GENflex is a leading provider of label and packaging solutions based in Atlanta, GA. As a division of General Paper Goods Company, this family-run business has served the Southeast region with labeling solutions, packaging, and distribution services since 1932. GENflex upholds a customer-centric culture that sets it apart from the competition. With cutting-edge technologies, creative designers, and a dedicated staff, GENflex delivers high-quality label and packaging solutions that meet your needs.
Website: Genflex Atlanta (genflexlabel.com)