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2024 Industrial Labels Market : Size, Share, and Forecast Trends Analysis Through 2033
Industrial Labels Market
The Business Research Company presents an extensive market research report on the Industrial Labels Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial labels market size has grown strongly in recent years. It will grow from $55.16 billion in 2023 to $58.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to product diversification, cost efficiency, market competition, industrial automation, safety and hazard identification.
The industrial labels market size is expected to see strong growth in the next few years. It will grow to $71.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to smart label integration, customization and personalization, augmented reality (AR) integration, rapid urbanization, AI and machine learning adoption. Major trends in the forecast period include remote accessibility, urbanization impact, IoT integration, personalized branding, flexible packaging growth.
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Key Market Players:
Major companies operating in the industrial labels market report are HP Inc., Printronix, 3M Company, Linde Gas Korea Ltd., Henkel AG & Co. KGaA, Osaka Sanso Co. Ltd., E.I. du Pont de Nemours and Company, Avery Dennison Corporation, Airgas Inc., Xerox Corporation, CCL Industries Inc., AMCS Corporation, 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., Kyushu Air Gas Co. Ltd., LabelTac, Nippon Gases Korea Co. Ltd., Taiwan Airgas Co. Ltd., Tokai Gas Co. Ltd., Wasp Barcode Technologies, Woomjin Precision Gas Co. Ltd.
Market Drivers:
The rapid rise of e-commerce is significantly contributing to the growth of the industrial label market. E-commerce refers to conducting business activities and transactions over the internet. It includes internet-based activities such as product purchasing and selling, as well as monetary transactions. With the rise of online shopping, there is a greater demand for a variety of labels and packaging. For instance, in November 2021, according to the Census Bureau of the Department of Commerce, a US-based government agency, in the third quarter of 2021, e-commerce sales increased by 6.6% over the third quarter of 2020. Therefore, the rapid rise of e-commerce drives the industrial label market moving forward.
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https://www.thebusinessresearchcompany.com/report/industrial-labels-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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