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Transformative Trends Impacting the Industrial Labels Market Landscape: Strategic Partnerships Drive Innovation And Market Expansion In The Industrial Label Sector
Industrial Labels Market
How Large Will the Industrial Labels Market Size By 2025?
In recent times, the market size of industrial labels has experienced consistent growth. It's projected to rise from $57.19 billion in 2024 to reach $58.87 billion in 2025, with a compound annual growth rate (CAGR) of 2.9%. Factors such as product diversification, cost efficiency, market competition, industrial automation and identification of safety and hazards contributed to the growth witnessed in the historic period.
How Big Is the Industrial Labels Market Size Expected to Grow by 2029?
The market size for industrial labels is anticipated to experience robust growth in the coming years, expanding to a value of $73.89 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. Factors driving growth during the forecast period include the integration of smart labels, customisability, personalization, augmented reality integration, fast-paced urbanization, and the adoption of AI and machine learning. Other notable trends for the forecast period consist of remote accessibility, the effects of urbanization, IoT integration, personalized branding, and the growth of flexible packaging.
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Which Key Market Drivers Powering Industrial Labels Market Expansion and Growth?
The swift growth of the industrial label market is significantly influenced by the exponential expansion of e-commerce. E-commerce is defined as the process of conducting business affairs and financial transactions online. It encompasses activities like buying and selling goods over the internet. The increase in online shopping has amplified the demand for diverse labels and packaging variants. For instance, data from the United States Census Bureau, an agency of the US government, reveals that in August 2023, compared to the second quarter of 2022, e-commerce projections for the second quarter of 2023 surged by 7.5% (or 1.4%). In comparison, the total retail sales saw an increase of just 0.6% (or 0.4%). Online stores accounted for 15.4% of all sales in the second quarter of 2023. Hence, the industrial label market's progression is fuelled by the swift ascend of e-commerce.
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What Are the Key Trends Driving Industrial Labels Market Growth?
The top emerging trend in the industrial label market is the forming of strategic alliances. Major firms in the industrial label industry are pursuing partnerships to bolster their standing. As an illustration, Brother Mobile Solutions, an American company offering solutions for mobile, desktop and industrial printing, labelling, and safety signage, forged a partnership with TEKLYNX, another American company that provides barcode label software solutions, in January 2022. The goal of this collaboration is to offer businesses the most sophisticated tools for the easy design and printing of barcode labels that meet industry standards.
What Are the Emerging Segments in the Industrial Labels Market?
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
Subsegments:
1) By Warning Or Security Labels: Hazard Warning Labels, Safety Labels, Security Seals
2) By Branding Labels: Product Labels, Promotional Labels, Logo Labels
3) By Weatherproof Labels: Outdoor Labels, Waterproof Labels, UV Resistant Labels
4) By Equipment Asset Tags: Barcode Asset Tags, RFID Asset Tags, QR Code Asset Tags
5) By Other Products: Instructional Labels, Nutritional Labels, Custom Labels
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Who Are the Global Leaders in the Industrial Labels Market?
Major companies operating in the industrial labels market include HP Inc., Printronix, 3M Company, Henkel AG & Co. KGaA, E.I. du Pont de Nemours and Company, Avery Dennison Corporation, CCL Industries Inc., 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., LabelTac, Wasp Barcode Technologies
Which are the Top Profitable Regional Markets for the Industrial Labels Industry?
Asia-Pacific was the largest region in the industrial labels market in 2024. 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.
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