Multi-Part Labels Market size and Key Trends in terms of volume and value 2016-2026
Multi-part Labels Market: Market Dynamics
The major factors which are responsible for the growth of the multi-part labels market are the growth of food & beverage industry, and rising security issues of any equipment asproducts can get stolen, accidentally inventoried by subcontractors or moved to another department. To make the equipment and product secure and keeping tracked of inventory in the store or warehouse, multi-part label is growing at faster pace in packaging industry. In terms of end-user industries, food & beverages account for high market share for multi-part labels accounting for 47% of the market. As for food & beverage packaging, multi-part labels can help trace and secure items throughout the supply chains, providing interfere indication. All end user industries prefer multi-part barcode labels, as bar code tags can be sited in multiple parts of the equipment. Moreover, the multi-part labels packaging offer same duplicate bar code numbers on every essential part the equipment and product. By doing this, if a thief counterfeits, removes, or damage one label, then other labels will still be usable to detect the product ownership.
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Multi-part Labels Market: Market Segmentation
The global multi-part labels market is segmented into three parts based on the product type, application, and geography.
Based on the Product type the multi-part Labels market is segmented into:
Multi-part Barcode Label
Multi-part Content Labels
Multi-part logo and image labels
Based on the type of application the multi-part labels market is segmented into:
Pharmaceuticals & healthcare
Beauty and Personal Care
Clothing & accessories
Multi-part Labels Market: Regional Outlook
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By region, multi-part labels market has been categorized into five key regions including Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The multi-part labels market is expected to grow at significant CAGR during the forecast period. North America accounts high market share in multi-part labels market, followed by Europe, and Asia-Pacific. North multi-part labels market is experiencing the rapid increase due rising security concerns such as tracking and theft issues and growth of packaging industry. The Europe multi-part labels market is projected to register healthy growth as consumer demand for secured packaging is rising rapidly. Multi-part labels market for Asia Pacific is also expected to witness high growth during the forecast period primarily attributed to the growth of equipment labeling market, especially in China and India.
Multi-part Labels Market: Key players
Some of the player’s multi-part labels market are Insignia Label Solutions Ltd., LabelsPlus Ltd, Insignia Label Solutions Ltd., CCL Design Stuttgart AG, and many others. Multi-part labels manufacturer are focusing on the convenience of consumers and offering them advanced secured multi-part label packaging with easy tracking and documentation of any equipment or product.
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