Industrial Labels Market Size was valued at USD 52164.8 million in 2021. The industrial labels market industry is projected to grow from USD 56129.32 Million in 2022 to USD 93729.37 million by 2030, exhibiting a compound annual growth rate (CAGR) of 7.60% during the forecast period (2022 - 2030).The increasing demand from the main end-use industries, including FMCG, pharmaceutical, food, and drinks, and the rising per capita income are the key market drivers fueling the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Label producers are embracing RFID technology as it lowers labor costs and eliminates human errors. It operates automatically and is capable of reading a wide variety of data. Additionally, this technology is becoming more widely accepted due to its capacity to identify, which is essential in the retail industry. Because RFID labels are less sensitive to bad weather, their use in the label market is expected to increase. Additionally, these labels help businesses synchronize their maintenance and inventory control processes while keeping the genuine legitimacy of their items. The emergence of more recent technology, such as NFC and detecting labels, is also giving users a more contemporary experience.
The Industrial Labels market revenue for sustainable labels will see new growth potential due to increasing consumer demand for sustainable products and numerous government and non-government efforts centered around the usage of sustainable products. Major industry participants are now providing them to meet the rising demand for such labels. For instance, a label manufactured from recycled PP is available from Avery Dennison Corporation. Thirty percent of pre-consumer trash is used to make the company's recycled PP. Additionally, it provides a multicycle label for beverage packaging, an ultra-permanent self-adhesive label with a resisting power of up to 30 product life cycles. In addition, the business has teamed up with Romei Replastic to recycle unwanted labels into fresh raw materials to assist consumers in finding the best label recycling options. All these factors have enhanced the industrial labels market CAGR across the globe in recent years.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growing acceptance of these labels in various sectors is driving the industrial label market. The International Food Information Council (IFIC) reports that 59% of packaged goods have labels since most consumers research a product's nutrition and ingredient information before buying it. However, the encouragement of governments in various countries for manufacturers to label their products is another factor driving the growth of the Industrial Labels market revenue.
The Industrial Labels market segmentation, based on material, includes metal, polymer, and others, By Mechanism (Pressure-sensitive, Glue-applied, Heat Transfer, and Others), By Application, Transportation, Construction, Automotive, Consumer Durables, and Others. The polymer industrial labels segment held the majority share in 2021, contributing around ~39% concerning the Industrial Labels market revenue. A polymer is a big molecule composed of lengthy rings, chains, or repeating monomer units bound together. Both natural and artificial polymers exist. These materials are ideal for industrial labeling because they have a variety of qualities, including toughness, adaptability, high boiling, elasticity, and melting temperatures.
According to the market outlook, the market is segmented into metal, polymer, and others based on type. The polymer segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. A polymer is a big molecule composed of lengthy rings, chains, or repeating monomer units bound together. Both natural and artificial polymers exist. These materials are ideal for industrial labeling because they have a variety of qualities, including toughness, adaptability, high boiling, elasticity, and melting temperatures. Hence, rising applications for industrial labels positively impact market growth.
The Industrial Labels market data has been divided by mechanism into pressure-sensitive, glue-applied, heat transfer, and others. The pressure-sensitive segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Pressure-sensitive labels are easily used, safe for the environment, completely customizable, and work with high-resolution printing. It is projected that these causes will increase demand for pressure-sensitive labels.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Heat transfers often referred to as thermal transfers, are a technique where a logo or design is printed on transfer paper using a specialized inkjet printer. The image taken from the paper, cut out, and placed on the clothing will likely drive sector growth throughout the projection period.
Based on application, the industrial labels industry has been segmented into transportation, construction, automotive, consumer durables, and others. Construction held the largest segment share in 2021. Due to expanding applications in various packaging factors, the digital printing industry is anticipated to expand rapidly during the forecast period. Labels with transportation information, brand identification emblems and symbols, and other product information are increasingly printed using digital printers. Moreover, increasing government initiatives to improve the automotive infrastructure, the automotive segment is expected to bolster during the assessed timeline.
By region, the study provides market insights for industrial labels in North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific industrial labels market accounted for USD 23891.47 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. The usage of various industrial label solutions in the nation is anticipated to rise greatly due to the major growth in several industries, including food, FMCG, grocery, cosmetics, and many others. For instance, visitor registration for Labelexpo Southeast Asia 2023 has started to be accepted by the event's organizer, Tarsus Group, as part of the Labelexpo Series. The ASEAN and Oceania label and package print businesses continue to get support from the Labelexpo Series. Labelexpo Southeast Asia 2023 is supported by the Thai Screen Printing & Graphic Imaging Association (formerly known as the Thai Graphic Arts Suppliers and Manufacturers Trade Association (GASMA), the Thai Screen Printing & Graphic Imaging Association, or TSGA), and the Advertising and Sign Producing Association (ASPA). Moreover, the China industrial labels market held the largest market share, and the India industrial labels market was the fastest-growing market in the Asia-Pacific region
Further, the major countries studied in the industrial labels market report are The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
2021 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe industrial labels market accounts for the second-largest market share due owing to the demand for labels for different applications. Further, the Germany industrial labels market held the largest market share, and the UK industrial labels market was the fastest-growing market in the European region
The North America industrial labels market is expected to grow at the fastest CAGR from 2022 to 2030. Ready-to-eat foods and packaged processed foods are increasingly consumed as a result of changing lifestyles and demography. In addition, the tendency for snacking in place of meals would increase the need for tiny, single-use pouches, increasing the need for labels nationwide.
Major market players are investing a lot of money in R&D to expand their product portfolios, fueling further market growth for industrial labels. In addition, market participants are launching products, entering into contracts, acquiring companies, increasing investments, and working with other organizations, among other significant market changes, to expand their footprint. To grow and remain in a market that is becoming increasingly competitive, industrial labels industry competitors must provide affordable products.
Making products locally to cut operational costs is one of the main business tactics producers use in the worldwide Industrial Labels industry to benefit customers and expand the market sector. The market major player such as Avery Dennison Corporation, Resource Label Group, LLC, and others are working on expanding the market demand by investing in research and development activities.
Avery Dennison Corporation is a company in the field of materials science and manufacturing business that focuses on the design and production of a broad range of labeling and functional materials. In May 2022, To fulfill the demand for label & packaging materials, Avery Dennison Corporation increased its capacity by making investments in manufacturing efficiency. An extra high-speed, cutting-edge hot melt adhesive coater for labels will be part of the new facility.
Also, the Resource Label Group is a sizable business network that unites to give consumers committed service and a wide range of knowledge. In January 2022, Resource Label Group, LLC ("Resource Label"), a full-service supplier of pressure-sensitive labels, shrink sleeves, and RFID/NFC technology for the packaging industry, announced it had acquired Everett, Massachusetts-based QSX Labels. This acquisition strengthens Resource Label's regional presence in New England and solidifies its position as a market leader in the label and packaging sector.
October 2022: Resource Label Group, a supplier of pressure-sensitive labels, shrink sleeves, and RFID/NFC technology, has acquired MedLit Solutions, a full-service pharmaceutical packaging and printing solution provider
October 2022: AWT Labels & Packaging, a supplier of bespoke labels and packaging for the healthcare, food, beverage, personal care, and specialty end markets, has acquired Label Innovation. The business provides top clients in the security, technology, and medical device industries.
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 52164.8 million |
| Market Size 2022 | USD 56129.32 million |
| Market Size 2030 | USD 93729.37 million |
| Compound Annual Growth Rate (CAGR) | 7.60% (2022-2030) |
| Base Year | 2021 |
| Market Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Mechanism, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | HP Inc. (U.S.), Cannon Inc. (U.S.), Xerox Corporation (U.S.), Cenveo Inc. (U.S.), Avery Dennison Corporation, Fuji Seal International Inc., Resource Label Group, Dunmore Corporation |
| Key Market Opportunities | · Growing use in the construction industry to grow industrial labels. |
| Key Market Dynamics | · Growing use in the food & beverage industry to grow the industrial labels industry |
Frequently Asked Questions (FAQ) :
The industrial labels market size was valued at USD 52164.8 Million in 2021.
The industrial labels market is projected to register a CAGR of 4.7% during the forecast period 2022-2030.
Asia-Pacific had the largest share of the market for industrial labels.
The key players in the market for industrial labels are HP Inc. (U.S.), Cannon Inc. (U.S.), Xerox Corporation (U.S.), Cenveo Inc. (U.S.), and Avery Dennison Corporation.
The polymer industrial labels category dominated the market in 2021.
The pressure-sensitive had the largest share in the industrial labels market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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