Global Industrial Labels Market Analysis & Trends - Industry Forecast to 2030
Industrial Labels: Market Size
From $99.08 billion in 2024, the global Industrial Labels market is projected to reach 170.791billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising demand from beer and craft beverages industry, increased implementation of barcode technology, and popularity of flexo-digital hybrid label printing solutions.
Global Industrial Labels Market: Market Dynamics
Being knowledgeable about product derivation, supply chain, disposal, etc. is a vital facet for product manufacturers. Industrial labels have emerged as a very efficient means to deliver such product-related information. Moreover, industrial labels also augment the visible and aesthetic features of products. During the use of industrial labels, producers can gain a rim over competitors who propose similar products. The advantages offered by industrial labels are ensuing in wider espousal by manufacturers worldwide. The rising production of consumer durable goods, increasing automotive industry, and growing popularity of online designing tools are fueling the growth of the industrial labels market across the globe. The increasing industrial network in emerging economies globally is one of the key factors contributing to the growth of the market.
For instance, the Federal Food, Drug, and Cosmetic Act and the Fair Packaging and Labeling Act are the centralized laws governing food products beneath FDA's jurisdiction. The Nutrition Labeling and Education Act (NLEA), which amended the FD&C Act requires the majority of foods to tolerate nutrition labeling and requires food labels that tolerate nutrient content claims and sure health messages to comply with precise requirements.
On the other hand, the rising demand for laser engraving in labels is likely to obstruct the profit boundaries. In addition, the expansion of new technologies such as digitalized printing, RFID labeling, etc is helping the industry will further boost the industrial labels market.
Impact of COVID-19 on Industrial Labels
The COVID-19 outbreak and recent lockdown across the globe have affected industrial activities across the world. Some of the effects of lockdown include supply chain interruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices that could cause the fabrication of the final product to inflate and go beyond budget, shipping problems, etc.
By Type
Warning/Security Labels Segment Dominate the Market
The warning/security labels segment is expected to have a significant market share during the forecast period, due to the growing demand for these labels in industries such as construction, automotive, consumer durables, and transportation & logistics. Warning/security labels type is extremely preferred because of a variety of reasons such as to attract attention to warnings, to identify risks/hazards involved, to convey security messages, attract attention to warnings, and to provide product-related information. These labels are highly used at the manufacturing sites to maintain a safe working environment.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period, owing to rising awareness, rapid growth in the marine, logistics, and aerospace industries in countries in this region, and massive consumer base in developing economies of APAC, like India and China are anticipated to boost the growth of the global industrial labels market. With the expansion of consumer goods packaging with the increase 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.
List of the Key Players Profiled in the Market Include: • Dunmore Corporation
• Canon Finetech Inc.
• CCL Industries
• Fuji Seal International
• DuPont de Nemours, Inc.
• Xerox Holdings Corporation
• Cenveo Corporation
• H.B. Fuller Company
• 3M Company
• HP Indigo Labels Printing Solutions
• Henkel AG & Company, KGaA
• LabelTac
• Drytac corporation
• Brady Corporation
• Avery Dennison Corporation
• Cosmo Films Ltd.
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others