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Industrial Labels Market: Global Industry Size, Share and Trends Analysis and Forecast, 2016-2024
Industrial labels have turn into promising media to transfer essential product-related information to end-users. This label provides information such as product disposal, origin, shelf life, supply chain, and other related information to enhance product visibility. However, industrial labels add elegant features to product attractiveness. Moreover, this label gains an edge over other products of the same category manufactured by competitors. Industrial labels can easily be customized according to shape, range, size, and application in various industries. False information affects the revenue and respective brand image of the company. Hence, it needs to use anti-counterfeiting technologies based on unique codes on labels. This technology will help to tackle the counterfeit issue. It keeps the record of proper tracking of the product.
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Global Industrial Labels Market: Segmentation
The global industrial labels market is segmented on the basis of technology as bar codes, radio frequency identification (RFID), and others. Of which, RFID is the dominating technology segment across the globe. Further, the global industrial labels market is categorized based on mechanism as glue-applied, heat-shrink, pressure sensitive, in-mold, and others. In addition, on the basis of end-use applications, the global industrial labels market is divided as consumer durables, automotive, chemicals, construction, pharmaceuticals, food & beverage, transportation & logistics, and others. Of which, food & beverage is demanding end-use application worldwide.
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Global Industrial Labels Market: Growth Factors
Industrial labels are widely adopted by various industries, which is expected to boost the global market demand in the near future. True information is needed to reach the customers; hence anti-counterfeiting technologies play a vital role in propelling the market growth. Moreover, increasing industrial network in the developing countries may enhance the market in future. Forged information regarding any product becomes a major challenge for the market to tackle with. This may hinder the market growth in the future.
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Global Industrial Labels Market: Regional Analysis
On the basis of region, the global industrial labels market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share for industrial labels owing to large industrial network. Europe is another region which is witnessing higher growth due to rising awareness in consumer for duplicate products. Asia Pacific is moving at a faster pace to grab larger portion in the global industrial labels market owing to witness increasing industrial development and young workforce. This is anticipated to foster in the global industrial labels market growth in the coming years.
Global Industrial Labels Market: Competitive Players
Some of the key players in the global market are Avery Dennison Corporation, Henkel AG & Company, 3M, Cenveo Inc., Saint Gobain SA, Fuji Seal International, Inc., Brady Corporation, H.B. Fuller Co., Flexcon Company, Inc., and CCL Industries Inc.. Many companies focus on best-suited business strategies to better serve customer. TSC Auto ID has introduced a new Industrial Label Printer in series of MX240P.
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