The market for industrial labels is estimated to grow from USD 53.1 Billion in 2020 to reach USD 82.5 Billion by 2027, at a CAGR of 6.5 %. The base year considered for the study is 2019 and the market size is projected from 2016 to 2021. The segments considered for this report are based on type, material, end-use industry, mechanism, printing technology, identification technology, and region.
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.
The research methodology used to forecast the market size was with the top-down approach. The total market size of industrial labels was calculated based on the percentage split of industrial labels and percentage splits of different types preferred as industrial labels. This allotment and calculation were done on the basis of extensive primary interviews and secondary research from a variety of sources such as European Flexographic Industry Association, European Label Association, and many more. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and sub segments. Data triangulation and market breakdown procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.
The global industrial labels ecosystem comprises industrial label manufacturers, vendors, and service providers. The value chain of the industrial label market includes printing machinery manufactures such as HP Inc. (U.S.), Cannon Inc. (U.S.), Xerox Corporation (U.S.), Cenveo, Inc. (U.S.), and many more. The labels manufacturers include CCL Industries, Inc. (Canada), H.B. Fuller Co. (U.S.), Cenveo, Inc. (U.S.), Dunmore Corporation (U.S.), 3M Company (U.S.), Brady Corporation (U.S.), Avery Dennison Corporation (U.S.), DuPont (U.S.), and Henkel Ag & Company (Germany). Additionally, the products are used in construction, automotive, consumer durables, and logistics & transportation industries on a global scale.
Report : Industrial Labels Market - By Type (Warning, Asset Tags), Material (Polymer, Metal), Industry (Transportation, Automotive), Mechanism (Pressure-sensitive, Glue-applied), and By region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).