According to the report published by Zion Market Research, global demand for Industrial Labels market was valued at approximately USD 45 Billion in 2019, and is expected to generate revenue of around USD 75 Billion by end of 2026, growing at a CAGR of around 5% between 2020 and 2026.
Global Industrial Labels Market: Overview
Industrial labels have turned into promising media to transfer essential product-related information to end-users. This label provides information such as product disposal, origin, shelf life, supply chain, and other related information to enhance product visibility. However, industrial labels add elegant features to product attractiveness. Moreover, this label gains an edge over other products in the same category manufactured by competitors. Industrial labels can easily be customized according to shape, range, size, and application in various industries. False information affects the revenue and respective brand image of the company. Hence, it needs to use anti-counterfeiting technologies based on unique codes on labels. This technology will help to tackle the counterfeit issue. It keeps the record of proper tracking of the product.
Global Industrial Labels Market: Growth Factors
Industrial labels are widely adopted by various industries, which is expected to boost the global market demand in the near future. True information is needed to reach the customers; hence anti-counterfeiting technologies play a vital role in propelling the market growth. Moreover, increasing industrial network in the developing countries may enhance the market in future. Forged information regarding any product becomes a major challenge for the market to tackle with. This may hinder the market growth in the future.
Global Industrial Labels Market: Segmentation
The Industrial Labels market is segmented based on type, material, label technology, printing technology, mechanism, and end use. On the basis of type segmentation, the market is classified into branding labels, warning/security labels, weatherproof labels, equipment asset tags, and others. In terms of material segmentation, the market is bifurcated into polymer, and metal. Furthermore, on the basis of printing technology market is split such as flexography, digital printing, lithography, screen printing, and others. Additionally, based on label technology, market is categorized into radio frequency identification (RFID), bar codes, and others. According to mechanism, the market is bifurcated into heat-shrink, glue-applied, pressure sensitive, in-mold, heat transfer, and others. Furthermore based on end use market is categorized as automotive, consumer durables, chemicals, pharmaceuticals, food & beverage, construction, transportation & logistics, and others.
Global Industrial Labels Market: Regional Analysis
On the basis of region, the global industrial labels market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share for industrial labels owing to the large industrial network. Europe is another region which is witnessing higher growth due to rising awareness in consumer for duplicate products. Asia Pacific is moving at a faster pace to grab larger portion in the global industrial labels market owing to witness increasing industrial development and young workforce. This is anticipated to foster in the global industrial labels market growth in the coming years.
Global Industrial Labels Market: Competitive Players
Some of the essential players operating in the Industrial Labels market, but not restricted to include Avery Dennison Corporation, Henkel AG & Company, 3M, CILS Ltd., Cenveo Inc., ILN, Saint Gobain SA, GR Label, Fuji Seal International, Inc., GSM Graphics Arts, Brady Corporation, DuPont, H.B. Fuller Co., Herma Labels, Flexcon Company, Inc., Dunmore Corporation, and CCL Industries Inc. among others. Many companies focus on best-suited business strategies to better serve the customer. TSC Auto ID has introduced a new Industrial Label Printer in series of MX240P.
Global Industrial Labels Market: By Type Segmentation Analysis
Global Industrial Labels Market: By Material Segmentation Analysis
Global Industrial Labels Market: By Label Technology Segmentation Analysis
Global Industrial Labels Market: By Printing Technology Segmentation Analysis
Global Industrial Labels Market: By Mechanism Segmentation Analysis
Global Industrial Labels Market: By End Use Segmentation Analysis
Global Industrial Labels Market: Regional Segment Analysis
FrequentlyAsked Questions
True information is needed to reach the customers; hence anti-counterfeiting technologies play a vital role in propelling the market growth. Industrial labels are widely adopted by various industries, which is expected to boost the global market demand in the near future.
According to Zion Market Research, global demand for Industrial Labels market is expected to generate revenue of around USD 75 Billion by end of 2026, growing at a CAGR of around 5% between 2020 and 2026.
The North America Industrial Labels market is projected to hold the largest share globally in the future. Growing awareness and rising technology adoption in the region is expected to propel the demand.
Some main participants of the Industrial Labels market are Avery Dennison Corporation, Henkel AG & Company, 3M, CILS Ltd., Cenveo Inc., ILN, Saint Gobain SA, GR Label, Fuji Seal International, Inc., GSM Graphics Arts, Brady Corporation, DuPont, H.B. Fuller Co., Herma Labels, Flexcon Company, Inc., Dunmore Corporation, and CCL Industries Inc. among others.
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