Global Industrial Labels Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 5.8 % during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Industrial Labels Definition:
Industrial labels are an important part of the product for product identification, asset tracking, and compliance with safety regulations. Industrial labels are used for information, identification, instruction for usage, and advertising purpose in various industries like automobile, Consumer Durables, Chemicals, Construction, Pharmaceuticals, Food & Beverage, Transportation & Logistics, and Others.
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Global Industrial Labels Market Dynamics:
The growing automotive industry is the major factor driving the market growth, also the growing popularity of online designing tools and rising awareness regarding the availability of various online tools are the major factors driving the growth of industrial labels market. As e-commerce and m-commerce continue to grow globally, both locally and across borders, there would be a need for high-quality labels to put on the items that have to be shipped around can make it easier to read and track, which help to prevent items from getting lost or delayed during the transport, thereby contributing the market growth. The industrial label is a type of collection of a piece of plastic, paper, fabric, or other material applied to the product for visual, identification, or textual information, advertising, operating instructions of products. They are comprised of RFID, barcode, flexography, offset, digital printing, and screen printing technology and have numerous features such as dust resistance, moisture resistant, high temperature, and pressure resistance with anti-peel properties, which acts as the driving factor for the growth of demand of industrial labels. Product manufacturer's concerns regarding the practice of counterfeiting of their products can also be resolved to a great extent by using industrial labels enabled with bar codes and RFID technologies.
Counterfeiting has become a worldwide phenomenon, which has been impacting industrial manufacturers severely, by affecting their scales revenue and also respective brand image. It has prompted manufacturers to use effective anti-counterfeiting technologies based on unique codes on labels. Various industrial labels are available in the market that is enabled with both track &trace and anti-counterfeit technologies. Track &trace technology helps manufacturers to maintain proper tracking of products, while anti-counterfeit technology helps to protect products from counterfeits. Various advancements in labeling technology and socio-economic changes among the consumers have encouraged label manufacturers to design, produce and introduce specific and customized labels that meet the requirements of product manufacturers. The development of new technologies such as digitalized printing, RFID labeling, etc is helping the industry to grow at a faster rate acting as an opportunity. The high and fluctuating cost of raw material act as a restraint to the growth of the Global Industrial Labels Market.
Global Industrial Labels Market Segment Analysis:
The report groups the Global Industrial Labels Market in different segments by Type, Material, Printing Technology, Mechanism, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
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The Asia Pacific is expected to command the largest market share of xx% by 2026Increasing awareness and a huge consumer base in developing economies of APAC, like India and China are expected to boost the growth of the Global Industrial Labels Market. With the growth of consumer goods packaging with the rise in the e-commerce industry and industrialization in the region, the demand for labels has increased. Also with the growth in industries like construction, food and beverages, and the automotive industry, the need for warning or security labels has increased. Vendors in different regions are also entering into merger acquisition strategies to enhance their footprint. In January 2020, Toronto-based specialty label, security, and packaging solutions provider CCL Industries Inc. has acquired two Spanish companies that make labels for clothing and other products. The objective of the report is to present a comprehensive analysis of the Global Industrial Labels Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
Global Industrial Labels Market Key Players:• 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 • CCL Industries Inc. • TSC Auto ID