Industrial Labels Market worth 55.95 billion USD by 2021 | Key players Brady Corporation, Cenveo Corporation, DUNMORE, H.B. Fuller, 3M

According to recent market research "Industrial Labels Market by Type (Warning, Asset Tags), Material (Polymer, Metal), Industry (Transportation, Automotive), Mechanism (Pressure-sensitive, Glue-applied), Printing Technology, Identification Technology, and Region - Global Forecast to 2021", The market for industrial labels is projected to grow from USD 43.04 Billion in 2016 to reach USD 55.95 Billion by 2021, at a CAGR of 5.39%. The market for industrial labels is growing due to increasing demand in end-use industries such as construction, automotive, consumer durables, transportation & logistics, and aerospace & defense.

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Warning/security labels type gain maximum traction during the forecast period

Warning/security labels type is highly preferred because of a variety of reasons such as to attract attention to warnings, to identify risks/hazards involved, to convey security messages, and to provide product-related information. These labels are highly used at the manufacturing sites such as automotive, construction, manufacturing, and marine to maintain a safe working environment.

Transportation & logistics segment is projected to grow at the fastest rate during the forecast period

The industrial labels market is segmented on the basis of end-use industry into transportation & logistics, construction, automotive, consumer durables, and others. In 2015, the transportation & logistics segment accounted for the largest share of the end-use industry segment and is projected to grow at the highest CAGR during the forecast period. The increasing e-commerce, online shopping businesses, increasing supply chain & warehousing industry, and governments' initiatives to propel FDI have encouraged the industrial labels market to grow.

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MarketsandMarkets projects the global market for industrial labels to grow from USD 43.04 Billion in 2016 to USD 55.95 Billion by 2021 at a CAGR of 5.39%. The growth in the industrial labels market is supported by the growing parent industries such construction, automotive, and aerospace & defense in both developed and developing countries as well as increasing need for sustainable and efficient ways of labels which are responsible for conveying warning and safety messages at the manufacturing site.

The key players in the Industrial labels market are Avery Dennison Corporation (U.S.), E. I. du Pont de Nemours and Company (DuPont) (U.S.), CCL Industries Inc. (Canada), Cenveo Corporation (U.S.), Brady Corporation (U.S.), 3M (U.S.), Henkel Ag & Co. KGaA (Germany), and Fuji Seal International, Inc. (Japan). The other notable players in the market are H.B. Fuller (U.S.) and DUNMORE (U.S.). These players have emphasized and adopted various strategies to expand their global presence and increase their market share. Expansions & agreements, mergers & acquisitions, and new product launches are some of the major strategies adopted by market players to achieve growth in the Industrial labels market.

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Formed in 1887, H.B. Fuller is a worldwide formulator, manufacturer & marketer of adhesives, sealants & other specialty chemical products. Among these, industrial adhesives serve as a core product offering of the company. These adhesive products are used in manufacturing consumer & industrial goods. It includes food & beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multiwall bags, water filtration products, insulation, textiles, and electronics. The company manages its business through four operating segments, namely, Americas Adhesive, EIMEA (Europe, India, Middle East, and Africa), Asia- Pacific, and construction products. The Americas Adhesive, EIMEA, and Asia- Pacific operating segments manufacture and supply adhesive products in the assembly, packaging, converting, non-woven and hygiene, performance wood, flooring textile, flexible packaging, graphic arts, envelope, automotive, and electronics markets. The sales operations are spanned in 36 countries across the globe. From March 2012 to 2015, the company emphasized mergers and acquisitions as a part of its main strategy for business expansion. The company acquired four companies in different countries such China, Kenya, and Brazil to expand the business horizon.

Brady Corporation manufactures specialty materials, identification solutions, and workplace safety products. It operates through two business segments, namely, identification solutions and workplace safety. The identification solution segment includes high-performance labeling systems, safety signs, spill control products, tag out/lockout devices for facility identification, brand protection labeling, work-in-process labeling, and finished product identification. The company produces a wide range of self-expiring name tags, badges, lanyards, and access control software for people identification, wristbands & labels for tracking & improving the safety of patients in hospitals, and custom wristbands which are widely used in the leisure & entertainment industry. The workplace safety segment provides an array of workplace safety and compliance products, such as informational signs, tags, and workplace regulatory products for process industries, manufacturers, governments, education, and construction. The company emphasized on the strategy of new product launch to expand the business operations and improve the product portfolio. From March 2012 to 2014, the company launched four different products to enhance its product portfolio.

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