What Factors Propelled The Growth Of The Industrial Labels Market In The Past?
The industrial labels market has seen considerable growth due to a variety of factors.
• Over the last several years, the market size of industrial labels has experienced steady growth. Predictions suggest that it will rise from $57.19 billion in 2024 to $59.87 billion in 2025, marking a compound annual growth rate (CAGR) of 4.7%.
Factors such as product diversification, cost efficiency, competitive dynamics, industrial automation, and safety and hazard identification have contributed towards the expansion witnessed during the historical period.
What Is The Projected Growth Of The Industrial Labels Market?
The industrial labels market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for industrial labels is anticipated to witness robust expansion in the upcoming years, expected to attain a valuation of $76.85 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%.
The surge during the projected period can be credited to the integration of smart labels, customizability, personalization, incorporation of augmented reality (AR), swift urbanization, and AI and machine learning uptake. Notable trends during the estimate period encompass remote accessibility, the influence of urbanization, IoT amalgamation, personalized branding, and the growth of flexible packaging.
What Are the Critical Driver Fuelling the Industrial Labels Market's Growth?
E-commerce's swift ascension is greatly enhancing the expansion of the industrial label market. Essentially, e-commerce involves conducting trade activities and transactions via the internet, which includes activities happening over the internet like buying and selling products, along with monetary transactions. As the trend towards online shopping has grown, there has been an escalating demand for different types of labels and packaging. For instance, data provided by the United States Census Bureau, a US-based government entity, showed that relative to the second quarter of 2022, the e-commerce figures for the second quarter of 2023 saw an increment of 7.5% (or 1.4%). Over the same period, overall retail sales only witnessed an increase by 0.6% (or 0.4%). Moreover, 15.4% of all sales in the second quarter of 2023 came from online stores. Consequently, e-commerce's fast-paced growth is propelling the industrial label market onwards.
What Are The Principal Market Segments In The Global Industrial Labels Healthcare Industry?
The industrial labels market covered in this report is segmented –
1) By Product Type: Warning Or Security Labels, Branding Labels, Weatherproof Labels, Equipment Asset Tags, Other Products
2) By Raw Material: Metal Labels, Plastic Or Polymer Labels
3) By Mechanism: Pressure-sensitive, Glue applied, Heat Transfer, Other Mechanism
4) By Printing Technology: Digital Printing, Lithography, Flexography, Screen Printing, Other Printing Technologies
5) By End User: Transportation, Construction, Automotive, Consumer durables, Other End Users
Subsegments:
1) By Warning Or Security Labels: Hazard Warning Labels, Safety Labels, Security Seals
2) By Branding Labels: Product Labels, Promotional Labels, Logo Labels
3) By Weatherproof Labels: Outdoor Labels, Waterproof Labels, UV Resistant Labels
4) By Equipment Asset Tags: Barcode Asset Tags, RFID Asset Tags, QR Code Asset Tags
5) By Other Products: Instructional Labels, Nutritional Labels, Custom Labels
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Which Emerging Market Trends Are Altering The Industrial Labels Market?
The emergence of strategic collaborations is becoming a significant trend in the industrial label market. Prominent businesses in this sector are creating partnerships to bolster their status. For instance, Brother Mobile Solutions, an American company specializing in mobile, desktop, and industrial printing, labeling, and safety signage solutions, entered into a partnership with TEKLYNX, another US-based company known for its barcode label software solutions, in January 2022. The goal of this alliance is to provide businesses with the most sophisticated tools for simple and industry-standard barcode label design and printing.
Who Are the Key Players in the Industrial Labels Market?
Major companies operating in the industrial labels market include:
• HP Inc.
• Printronix
• 3M Company
• Henkel AG & Co. KGaA
• E.I. du Pont de Nemours and Company
• Avery Dennison Corporation
• CCL Industries Inc.
• H.B. Fuller Company
• UPM Raflatac
• Cenveo Inc.
• Brady Corporation
• Cosmo Films Limited
• Resource Label Group
• CILS International
• Drytac Corporation
• Cannon Industries Inc.
• Dunmore Corporation
• Fuji Seal International Inc.
• LabelTac
• Wasp Barcode Technologies
What are the Regional Insights into the Industrial Labels Market?
Asia-Pacific was the largest region in the industrial labels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
