ID: MRFR/PNT/1316-HCR | February 2021 | Region: Global | 130 pages
The industrial labels market value was $43.04 billion in the year 2026, and it is expected to reach 55.95 billion at the end of the year 2021 with a CAGR of 5.39%. Knowing the information regarding the supply chain, product origin, disposal, and other things is a vital part of product manufacturers. In this care, Industrial labels are used to give product-related information. Apart from that, the label enhances the appearance of the product. The industrial labels can be any type of plastic, fabric, paper, and other materials that are applied to the product for visual identification, advertising, or the instructions on the product.
They are also compromised with barcode, offset, RFID, flexography, digital printing, and other features. The industrial labels have so many properties such as moisture resistant, dust resistant, pressure resistant, high-temperature resident, and anti-peel properties. With the help of Industrial labels, the manufacturer of a product can gain a competitive advantage over other competitors who offer the same product. One of the major factors contributing to the industrial labels market growth is, the label can be customized in terms of shape, size it a design for a wide range of applications. Industrial labels can fulfill any specific requirement.
Counterfeiting has become a big problem that has been influencing industrial manufacturers badly by affecting their revenue and sales. This has encouraged the product manufacturers to adopt labels with barcodes or code on the different types of industrial labels available in the market that can reduce counterfeiting. With the help of the Industrial labels, the manufacturers can keep track of products along with the supply chain. Industrial labels play a huge role in letting people know about the identification of brand, products specification, also improve the Aesthetics of the product. The demand for Industrial labels will grow more in the industrial labels market forecast period.
Coronavirus outbreak in 2019 and caused a covid-19 pandemic worldwide. The rapid spread of this virus has become a major concern for the government around the world. The only to reduce the spread of the virus was to stay at home and keeping a distance from the people. So that government around the world imposed lockdown, and every sector was temporarily closed. The global economy was down to the lockdown. Many businesses suffered due to the covid-19 pandemic. The production of many products was highly affected due to the lockdown and social distancing guidelines. The shortage of laborers declined the production work in various sectors. The production was on halt, and so the supply of products couldn’t meet the demand. Due to the lack of production, the Industries aren’t using Industrial, which affected the demand of the industrial labels market trends. Overall the covid-19 pandemic had a negative impact on the industrial labels industry.
The wide application of industrial labels in various sectors is driving the industrial labels market. One of the major. According to the research by the international Food information council, 59% of the customers said they always read labels on the packaged food before purchasing it in 2018? Most people also look for nutrition facts and the ingredient list of the product. Thus the label has a strong impact on the sale of the particular product. Apart from that, the governments around the world are asking manufacturers to put a label of ingredients and a nutritional statement that is one of the key factors in the growth of industrial labels market size. Apart from that, e-commerce is growing rapidly across the world. The e-commerce sectors need a high-quality label on their items that helps to track the shipping. This prevents items from being lost it delayed during the shipping procedure, and it will drive the industrial labels market. Apart from that, Industrial labels are used in the construction, automotive, food and beverage, and other sectors due to the regulations of the government. The growing automotive sector is one of the major drivers of the industrial labels market.
There is various technological Advancement in industrial labels technology. These technologies have helped the manufacturers to design, use specific labels that meet the specific needs of the product. The development of new technology like RFID, barcode, digital printing will bring more opportunities to the industrial labels market. Also, the rapid growth of the population is encouraging the production of consumer goods; as a result, the adoption of Industrial labels is increasing, and it is likely to generate opportunities for the industrial labels market. Increasing investments in various Industries boost the industrial labels market growth in the coming years and introduce new opportunities in the market.
A huge amount of investment is required to set up the labeling system. That is why manufacturers are a little hesitant to invest in the level. This is one of the major restraints in the industrial labels market. Apart from that, an increased cost of raw materials in the manufacturing on the label is another restraint in the market.
In some of the underdeveloped areas around the world, people are not aware of this technology. The lack of knowledge and benefits of the Industrial labels has become a major challenge for the market. Apart from that, the low availability of raw materials is boosting the price; as a result, the manufacturers are not opting to invest in this. These are the challenges in the industrial labels market, and the key players are trying to overcome these challenges and boost the demand of the market.
Cumulative growth analysis
The wide application of the industrial labels market in various sectors such as e-commerce, automotive, construction, food and beverages, consumer goods, and other products will boost the demand of the market in the forecast period. The industrial labels market is expected to register a healthy CAGR of 5.39% in the forecast period.
The industrial labels market is segmented on the basis of type, end-use industry, material, printing technology, and mechanism.
On the basis of type, the industrial labels market is segmented into security labels, branding labels, weatherproof labels, equipment asset tags, and others. The security labels hold the highest industrial labels market share, and it is expected to register a high CAGR in the forecast period.
On the basis of the end-use industry, the industrial labels market is segmented into transportation, construction, automotive, consumer durables, and others. The transportation segment is expected to register the highest CAGR in the industrial labels market.
On the basis of material, the industrial labels market is divided into metal and polymer. The polymer segment is responsible for the highest industrial labels market share in this segment.
The printing technology segment in the industrial labels market is segmented into digital printing, lithography, flexography, screen printing, and others.
On the basis of mechanism, the market is divided into pressure-sensitive, glue applied, heat transfer, and others.
The major regions in the industrial labels market are North America, Europe, Asia Pacific, Middle East, and Africa. The North American region holds the largest share in the industrial labels market, and it is expected to dominate the industrial labels market in the forecast period as well due to the increasing consumer awareness and government initiatives. The Asia Pacific region is the fastest-growing region, and it is expected to register the highest CAGR in the market due to the presence of highly populated countries such as India and China. These countries will highly contribute to the market because of the production of consumer goods and the growth of e-commerce Industries. The European region will also see growth in the market owing to the demand for labels for different applications. The middle East and Africa region will see moderate growth due to increasing industries.
The major key players in the industrial labels market are:
This global industrial labels market report is based on the qualitative and qualitative analysis of the industrial labels market. The report highlights the industrial labels market outlook on the market overview, market segmentation, market Dynamics, and the industrial labels market analysis. This report also shows regional analysis, competitive landscape, and recent developments of the industrial labels market.
By End-Use Industry:
By Printing Technology:
|Market Size||2027: USD 55.95 Billion|
|CAGR||5.39% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Mechanism and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Avery Dennison Corporation, Brady Corporation, 3M Company, CCL Industries Inc., HB Fuller Co, Fuji Seal International Inc., Cenveo Inc., Dunmore Corporation, Henkel Ag & Company and Du Pont|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||Increasing consumer awareness|
Frequently Asked Questions (FAQ) :
North America holds the highest share in the industrial labels market.
Asia-pacific is the fastest-growing region in the industrial labels market.
Industrial Labels market is predicted to grow at 5.39 % through forecast period of 2020-2027
The forecast period for Industrial Labels market research report is 2020-2027.
Governments around the world are asking manufacturers to put a label of ingredients and a nutritional statement that is one of the key factors in the growth of industrial labels market size