The global industrial label market is projected to reach USD XX billion by 2026, up from USD XX billion in 2019 at a CAGR of 5.8% over the forecast period.
The report provides an analysis of the impact of the COVID-19 lockdown on the sales of market leaders, followers and disruptors. Because the lockdown was implemented differently in different regions and countries; the effects of these are also seen differently according to regions and segments. The report has covered the current short and long term impact on the market and would assist decision makers in preparing the business breakdown and strategies by region.
Definition of industrial labels:
Industrial labels are an important part of the product for product identification, inventory tracking, and safety compliance. Industrial labels are used in various industries such as automotive, consumer goods, chemical, construction, pharmaceutical, food and beverage, transportation and logistics and others for information, identification, utility and advertising purposes.
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Global Industrial Labels Market Dynamics:
The growing automotive industry is the main driver of the market growth, also the growing popularity of online design tools and increasing awareness of the availability of various online tools are the main drivers for the growth of the industrial label market. As e-commerce and m-commerce continue to grow globally, both locally and across borders, high quality labels are needed to make the items to be shipped more readable and traceable, to help prevent and wear items from being lost or delayed in transit thus contributing to market growth.
The industrial label is a type of collection of a piece of plastic, paper, cloth or other material that is applied to the product for visual, identification or textual information, advertising or operating instructions of products. Consisting of RFID, barcode, flexo, offset, digital printing and screen printing technology, they have numerous properties such as dust resistance, moisture resistance, high temperature and pressure resistance with anti-peel properties which are a driving factor for the increasing demand for industrial labels .
The concerns of product manufacturers regarding the practice of counterfeiting their products can also largely be allayed through the use of industrial labels with barcode and RFID technologies. Counterfeiting has become a global phenomenon that has a major impact on industrial manufacturers by affecting their scale revenue and their brand image. This has led manufacturers to adopt effective anti-counterfeiting technologies based on unique codes on labels. Various industrial labels are available on the market that are equipped with both track & trace and counterfeit protection technologies. Track & Trace technology helps manufacturers to properly track products, while anti-counterfeit technology helps protect products from counterfeiting.
Various advances in labeling technology and socio-economic changes in consumers have encouraged label makers to design, manufacture and implement specific and bespoke labels that meet product manufacturers’ requirements. The development of new technologies such as digitized printing, RFID labeling, etc. is helping the industry grow faster than opportunity.
The high and fluctuating raw material costs are holding back the growth of the global market for industrial labels.
Global Industrial Labels Market Segment Analysis:
The report groups the global Industrial Label Market into various segments by type, material, printing technology, mechanism, end-use and region to forecast revenue and analyze market share of each segment during the forecast period.
Based on end use, the global Industrial Labeling Market is segmented into Consumer Goods, Automotive, Chemical, Construction, Pharmaceuticals, Food and Beverage, Transportation and Logistics, and others. The Food & Beverage segment was dominant in 2019 and is expected to achieve a market share of xx% by 2026. The Food and Drug Administration (FDA) is responsible for ensuring that the foods sold are safe and properly labeled. This applies to both domestically produced food and to food from abroad.
The Federal Food, Drug, and Cosmetic Act and the Fair Packaging and Labeling Act are the federal laws governing food under the jurisdiction of the FDA. The Nutrition Labeling and Education Act (NLEA), which amended the FD&C Act, requires most foods to be nutritionally labeled and requires food labels that contain nutritional information and certain health information to meet certain requirements, which is helping to grow the demand of Labels in the segment.
Based on Type, the global Industrial Labeling Market is segmented into Warning / Security Labels, Brand Labels, Weatherproof Labels, Device Asset Tags, and others. The use of different types of labels depending on the needs of the industry for different applications.
The Asia-Pacific region is expected to have the largest market share of xx% by 2026
Rising awareness and a huge consumer base in APAC’s developing economies such as India and China are expected to fuel the growth of the global industrial label market. With the growth of consumer product packaging with the advent of the e-commerce industry and industrialization in the region, the demand for labels has increased. The need for warning or safety labels has also increased with growth in industries such as construction, the food and beverage industry, and the automotive industry.
Vendors in different regions are also adopting merger acquisition strategies to improve their presence. In January 2020, Toronto-based specialty labeling, security and packaging solutions provider CCL Industries Inc. acquired two Spanish companies that manufacture labels for clothing and other products.
The aim of the report is to provide the industry stakeholders with a comprehensive analysis of the global industrial label market. The past and current status of the industry with the forecast market size and trends is presented in simple language in the report with the analysis of complicated data.
The report covers all aspects of the industry with a special study of the key players that include market leaders, followers and new entrants. The report featured PORTER, SVOR, PESTEL analysis with the potential impact of microeconomic factors in the market. Both external and internal factors that are supposed to have a positive or negative impact on the business were analyzed, which gives the decision-makers a clear, futuristic picture of the industry.
The report also helps in understanding global Industrial Labeling market dynamics and structure by analyzing the market segments and projects of the global Industrial Labeling market size. A clear presentation of the competitive analysis of the major players based on product, price, financial condition, product portfolio, growth strategies, and regional presence in the global Industrial Labels Market makes up the report for the investor’s guide.
Major Global Players in Industrial Label Market:
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â¢ Avery Dennison Corporation
â¢ Henkel AG & company
â¢ CILS GmbH.
â¢ Cenveo Inc.
â¢ Saint-Gobain SA
â¢ GR label
â¢ Fuji Seal International, Inc.
â¢ GSM graphic art
â¢ Brady Corporation
â¢ HB Fuller Co.
â¢ Herma labels
â¢ Flexcon Company, Inc.
â¢ Dunmore Corporation
â¢ CCL Industries Inc.
â¢ TSC auto ID