Industrial Labels Market Forecasts to 2028 - Global Analysis By Mechanism (Heat Transfer, Glue-Applied Labelling, Pressure Sensitive Labelling, Other Mechanisms), Type (Branding Labels, Weatherproof Labels), and By Geography

According to Stratistics MRC, the Global Industrial Labels Market is accounted for $66.02 billion in 2022 and is expected to reach $101.26 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Industrial labels are used for identification, information, instruction for usage, and advertising purpose. The primary use of label is to identify equipment and provide visual or textual information regarding use or risks. They also help keep track of manufactured products across the supply chain. It is used in the diverse industries such as consumer durable, automobile, transportation amongst others. These labels are moisture, temperature, chemicals resistance. As a result, demand of these labels is on the rise.

According to a survey by the International Food Information Council, in 2018, 59% of respondents said that they always read labels on packaged food before buying it for the first time and among those, the nutrition facts panel (69%) and the ingredient list (67%) are the two places where the most consumers look for information about food healthfulness. Thus, a healthy symbol on a food package would have a strong influence on a consumer’s purchase decision thereby contributing to the market growth.



Market Dynamics:

Driver:

Adoption of industrial labels among several end-use industries

The global industrial labels market likely to drive growth during the forecast period, due to growing acknowledgement of industrial labels across different end-use sectors such as transportation and logistics and construction. And further factor projected to boost market expansion is the rising demand for industrial labels from consumer durables industries.

Restraint:

High cost & fluctuating prices of raw materials

The global industrial labels market expected to hamper growth during the forecast period. Setting up the labelling system requires a significant financial expenditure. Thus, manufacturers are cautious of investing in the level. One of the biggest restrictions in the market for industrial labels is this. Besides that, fluctuating prices of raw materials used in label manufacture is a market limitation. However, the low availability of raw materials will hinder the industrial labels market growth rate.

Opportunity:

Growing of e-commerce and m-commerce

The global industrial labels market expected to drive growth during the forecast period. As per a report by PayPal, 27% of the resident in the United States had accessed domestic and cross-border e-commerce in the past few months. As e-commerce and m-commerce maintain 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. This would assist to prevent items from getting lost or delayed during the transport, thereby contributing the market growth.

Threat:

Lack of knowledge

The global industrial labels market expected to hamper growth during the forecast period, due to 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.

Covid-19 Impact:

The COVID-19 outbreak and recent lockdown across the globe have affected the industrial activities across the world. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices that could cause the production of the final product to inflate and go beyond budget, shipping problems, etc.

The transportation & logistics is expected to be the largest during the forecast period

The transportation & logistics segment is expected to have a lucrative growth, due to the rising trends in the supply chain & warehousing industry and online shopping ability of consumers.

The warning/security labels segment is expected to have the highest CAGR during the forecast period

The warning/security labels segment is anticipated to witness the fastest CAGR growth during the forecast period, due to because of the rising demand of these labels in industries such as automotive, construction, consumer durables, and transportation & logistics.

Region with highest share:

The Asia Pacific region market is estimated to witness a highest share of the global industrial labels market during the forecast period, due to the presence of two highly populated countries i.e. China and India. These countries are expected to witness the steady growth of consumer goods packaging with the rising e-commerce industry, and growing industrialization in the region is expected to drive the demand for the Flexographic labels in the region, thereby supporting the industrial labels.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to the rising awareness among consumers and the rising number of government initiatives in this region. The major expansion of several sectors, including FMCG, Food, Cosmetics, Groceries, and many more, will lift the adoption rate of various industrial labels in the region. Thus, several solution developers are working on innovating to offer improved offerings in the regional market, which will help bolster their presence.



Key players in the market

Some of the key players profiled in the Industrial labels Market include 3M, Dupont, Dunmore, H.B. Fuller, Henkel AG & Co. KGAA, Cenveo Corporation, Brady Corporation, Alien Technology, Motorola, Honeywell Aidc, Nedap, Ccl Industries Inc, Avery Dennison Corporation, Fuji Seal International, Inc, Globeranger, Smartrac Technology, Confidex, HID Global, Alien Technology and Invengo.

Key Developments:

In February 2020, Avery Dennison had planned for the future growth of RFID. A few months after signing a deal to acquire Smartrac's transponder division, the company has announced it will open an RFID manufacturing facility in Brazil in 2021. The move marks Avery Dennison's first manufacturing facility in Brazil and fifth in the world.

In August 2019, 3M Company launched a Versatile Print Label Materials, which is a proprietary topcoat technology that performs across multiple print platforms such as UV digital inkjet, water-based and UV flexographic, screen, toner-based or thermal transfer. It utilizes water-based technology, but it can be used with many water-based ink systems which help converters to eliminate solvent-based manufacturing process steps like priming. This helped in increasing the company's efficiency and rationalizing their inventory.

Mechanisms Covered:
• Heat Transfer
• Glue-Applied Labelling
• Pressure Sensitive Labelling
• Other Mechanisms

Types Covered:
• Branding Labels
• Weatherproof Labels
• Equipment Asset Labels
• Warning/Security Labels
• Other Types

Raw Materials Covered:
• Plastic/Polymer Labels
• Metal Labels

Printing Technologies Covered:
• Screen Printing
• Digital Printing
• Offset
• Flexography
• Other Printing Technologies

Identification Technologies covered:
• Radio-frequency identification (RFID)
• Barcode
• Other Identification Technologies

End Users covered:
• Construction
• Consumer Durables
• Automotive
• Transportation & Logistics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances