Industrial Labels Market Spotlight: Trends and Technologies
The value of the global industrial labels market is set to reach US$ 66.7 billion in 2023 and increase to US$ 111 billion by 2033-end, expanding at a steady CAGR of 5.2% through 2033.
There are a lot of benefits that are associated with
industrial labels including anti-peel qualities, high pressure and temperature
resistance, and moisture resistance. The appropriate use of labeling ensures
brand awareness and plays a vital role to attract and retain customers. Labels
are a piece of foil, paper, and plastic that is attached to any product to
provide information about the same. Increasing requirement for packaged
perishable products is likely to propel sales of labels in the coming years.
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Key Takeaways from Market Study
- Sales
of industrial labels are likely to increase at a CAGR of 5.2% through
2033.
- The
U.S. market is likely to hold 82% share of the North America market by
2033-end.
- Valuation
of industrial label sales are estimated to reach US$ 111 billion by 2033.
- The
market in Germany is likely to progress at a CAGR of 4.9% through 2033.
“Increasing use of Industrial labels by manufacturers to
keep a record of the product and the supply chain is predicted to propel their
demand in the global market,” says a Fact.MR analyst.
Competitive Landscape:
Some of the key efforts that are taken by players to increase
the sales of different labels include :
- Avery
Dennison Corporation in May 2022 expanded its capacity while making
investments in manufacturing efficiency. The company aims to meet the
rising demand for label & packaging materials. This new facility is
likely to include state-of-the-art and high-speed adhesive coater for
different labels.
- Resource
Label Group, LLC in January 2022 acquired QSX Labels for the expansion of
its regional presence in New England.
Major industrial label manufacturers include 3M Clabel,
Brady Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, Fuji Seal
International, Inc., Dunmore Corporation, and DowDuPont, Inc.
Winning Strategy
Rising use of industrial labels to help people know about product
specifications, identification of brands, and improve their aesthetic presence
is likely to bolster growth opportunities in the global market.
The players are investing a handsome amount to get a
competitive edge in the global market.
For instance,
- CCL
Industries in December 2021 invested in its HP Indigo press in Canada at
the CCL Label Healthcare facility. It is the first HP Indigo 35K Digital
Press in the world.
Segmentation of Industrial Labels Industry Research:
· By
Product :
- Warning/Security
- Branding
- Weatherproof
- Equipment
Asset Tags
- Others
Types
· By End
Use :
- Transportation
& Logistics
- Construction
- Automotive
- Consumer
Durables
- Other
End Uses
· By
Material :
- Polymer
- Metal
· By
Region :
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
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Questionnaire answered in the Market Outlook Report of
Industrial Labels include:
- What
is the key strategy deployed by large players to maximize Industrial
Labels Market growth?
- What
are the main challenges faced by players in the Industrial Labels Market
Demand?
- With
the advent of technological advancement, how will the Industrial Labels
market landscape change over the forecast period?
- What
does player bring to the table, which is unique as a strategy, and is easy
to emulate for new investors in the Industrial Labels market size?
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