Regulars / News | 11News in BriefResource Label Group acquires Deco Flexible PackagingResource Label Group (Resource Label), a full-service provider of pressure-sensitive labels, shrink sleeve and RFID/NFC technology for the packaging industry, has acquired Chicago-based Deco Flexible The latest study by Smithers forecasts the global labels and Packaging expanding its presence in the packaging market to grow at CAGR of 3.1 percent until 2027Midwest. The addition of Deco Flexible Packaging represents the twenty-fourth Smithers forecasts digital printing boomacquisition for Resource Label.New study estimates digital technology to grow the fastest with a CAGR of over Deco Flexible Packaging is one of the 10 percent through to 2027 leading pressure-sensitive and fexible packaging companies specializing in the production of custom, pressure-sensitive Smithers released a new study, The Future of Package Printing to 2027, forecasting products, narrow web fexible packaging, that the labels and printed packaging markets will continue to increase in demand promotional items, and tags for a variety and represent a strategic priority for press OEMs, ink suppliers and print service of industries. The Chicagoland location was providers across the next fve years.opened in 1999.The new study of the labels and packaging markets shows how these sectors are emerging from Covid-19 and will evolve in the medium term.Smithers’ data forecasting charts show a global market worth USD 456.3 billion in Phoseon partners with 2021 will increase to 473.7 billion USD, and grow at a compound annual growth rate Vinsak Group(CAGR) of 3.1 percent to reach 551.3 billion USD in 2027 (constant 2021 prices).Flexo will remain the most widely used print process – due to its popularity in Phoseon Technology, one of the leaders long-run corrugated board, labels and fexible plastics work. It represents around in UV LED curing technologies, has signed 36 percent of the contemporary market and natural expansion gives fexo a positive an agreement with Vinsak Group to growth outlook (+2.4 percent CAGR, by value) through to 2027. integrate Phoseon UV LED light sources Other analog processes, including offset litho (+2.5 percent CAGR), will see into printing presses for the narrow web similar organic growth across the fve-year Smithers study period, mainly from fexographic market.developing markets.According to Phoseon, UV LED curing The greatest expansion, however, will come from digital print for packaging – technology brings higher yields and lower with a CAGR of over 10 percent forecast through 2027. operating costs, including up to 80 percent Print service providers are poised to reap the benefts of signifcant R&D energy savings compared to mercury arc investment by digital OEMs, delivering improvements in productivity and reliability lamp technology. There is no warm-up time and expanding the number of print commissions where digital is price-competitive with instant-on LEDs, increasing productivity with established analog production.and proftability. Packaging print is becoming increasingly competitive and will be the focus of further technical innovation through the 2020s, such as improving the sustainability Arben Graphic to of print systems by minimizing waste, optimizing the energy effciency of print equipment, and developing systems that can print on an array of new more represent GMG in Balkanssustainable packaging substrates, including fexible barrier papers, molded fber, and GMG Color has partnered with Arben mono-material polymer constructions. Graphic Systems to expand its presence in According to the study, print supply will become more resilient and agile to Slovenia, Croatia, Bosnia and Herzegovina, withstand disruption, following the post-pandemic trend to re-shore or near-shore Serbia, and North Macedonia.production of certain essential FMCGs.Headquartered in Ljubljana, Arben Graphic Furthermore, implementing the latest automation will advance both digital and Systems is one of the leading companies analog production. providing color management technologies These Industry 4.0 technologies have the potential to simultaneously reduce the for the printing and packaging industry. need for skilled print room labor while increasing responsiveness and overall print Founded in 1999, Arben has brought quality, consistency and uptime.advanced technology products to the Balkan All these factors above will contribute to further the penetration of digital markets through its region-wide network printing – especially inkjet – in packaging and labels. serving a broad range of market segments A trend that will also beneft from advances in workfow software, making from design and pre-press to press for both printing more streamlined and cost-effcient, thereby allowing more low-run jobs digital and conventional environments. to be produced. Oct - Dec 2022