Press release
Industrial Labels Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2033
Industrial Labels Market
Industrial Labels Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $71.96 billion In 2028 At A CAGR Of 5.5% :
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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Industrial Labels Market Major Segments
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
Key Driver - E-Commerce Boom Fuels Growth In The Industrial Label Market
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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Prominent Trend - Strategic Partnerships Drive Innovation And Market Expansion In The Industrial Label Sector
Strategic partnerships are the key trend gaining popularity in the industrial label market. Major companies operating in the industrial label market are undergoing partnerships to strengthen their position. For instance, in January 2022, Brother Mobile Solutions, a US-based provider of mobile, desktop, and industrial printing, labeling, and safety signage solutions, partnered with TEKLYNX, a US-based provider of barcode label software solutions. This partnership aims to bring enterprises the most advanced tools to design and print barcode labels easily and to industry standards. Furthermore, in September 2021, Mark Andy, a US-based innovator of narrow- and mid-web printing and finishing equipment, partnered with UPM Raflatac, a Finland-based provider of industrial labels. This partnership aims to deliver digital label printing technologies to digital converters.
Industrial Labels 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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the industrial labels market in 2023. 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Labels Market Report Structure
3. Industrial Labels Market Trends And Strategies
4. Industrial Labels Market - Macro Economic Scenario
5. Industrial Labels Market Size And Growth
…..
27. Industrial Labels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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