Market Research Report
Global Security Labels Market - 2021-2028
|Global Security Labels Market - 2021-2028|
Published: January 7, 2022
Content info: 180 Pages
Delivery time: 2 business days
The global security labels market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).
Security labels are sticker-like packaging materials applied to the overall packaging to safeguard the contents of the container and verify they have not been tampered. Security labels serve as a link between particular resources, packages, or actions and larger security architecture. A complete set of policy and consent statements and their related requirements are required to give the label's significance. These labels help safeguard the product from being stolen from warehouses or retailers because they are fitted with several security features and instructional approaches.
The demand for security labels is expanding because of the rising manufacturing and consumption of durable consumer products. The rapid growth of the e-commerce business will substantially impact the expansion of security labels in the future years. Rapid technology advancements, expanding packaged goods demand and rapid manufacturing sector growth are all predicted to enhance security label demand, which is expected to grow significantly over the forecast period. Furthermore, significant growth in the pharmaceutical industry and an increased need for security labels in food and beverages are expected to propel the security labels market forward over the forecast period.
As a result of rising disposable incomes and population growth, the global security labels industry grows. Manufacturing and domestic sales of security labels, including end products and other electronic devices, have increased as purchasing power and living standards have risen.
A rapid increase in disposable incomes and increasing population
The rapid increase in disposable incomes, increasing population, rising buying power and rising living standards have led to increased production and domestic sales of security labels, including end products and other electronic equipment. Similarly, the increased need for remote, authentic products and effective and efficient value chain management would provide numerous potential prospects for the security labels market.
Growth in various end-use industries
The demand for security labels is increasing due to increased manufacturing and consumption of consumer durable goods. The rapid expansion of the e-commerce business has had a significant impact on the growth of security labels. The surge in demand for packaged goods, fueling the growth of the food and beverage industry, is a major element driving the need for security labels. Furthermore, the rise of the electronic sector, pharmaceutical industry and expanding manufacturing activities contribute to the market's expansion. It is bolstered by manufacturers' increased technological investments in the packaging business.
Lack of associated standards and increase in raw material prices
The lack of associated standards and rising raw material prices are expected to stifle the growth of the security labels market during the forecast period. Still, metallic and liquid items' restricted access to RF signals and growing environmental concerns could threaten the market's growth.
The security label sector has suffered greatly due to production halts and interruptions globally. For example, security label sales have decreased in the United States, eaten in considerable quantities. Security labels are expected to gain traction despite the uncertainty and a drop in sales as more diagnostic centers require them for COVID-19 testing. Furthermore, as the number of clinical trials to speed up finding a Coronavirus vaccine develops, the demand for these labels is projected to increase.
As countries lift trade embargoes, supply chain and logistical challenges in the food and beverage, pharmaceuticals, chemicals and fertilizers and other industrial supplies sectors are projected to improve. As a result, customer demand for improved labeling solutions will increase. The security labels market is likely to grow in the next years as the need for efficient inventory management grows.
The security labels market is segmented into food & beverages, pharmaceuticals, consumer goods, and others by application type.
The food & beverages segment is expected to be the dominant type during the forecast period (2021-2028)
Thanks to the growing importance of labeling in the packaged and processed food industry, security labels have many applications in the food and beverage industry. Several government policies and legislation govern food and beverage packaging, necessitating labeling and barcoding for both consumers and sellers. Many beverage companies utilize security labels on bottles because of their aesthetic appeal, brand positioning and longevity.
The pharmaceutical sector is another significant application in the global market due to growing worries about medicine counterfeiting and safety, growing concerns about cutting healthcare operating costs and rising incidents of medical equipment theft.
The security labels market is segmented into RFID, Bar code, Holographic, and others by identification type.
Barcodes segment is expected to be the dominant type during the forecast period (2021-2028)
Barcodes are commonly used to track products and identify outgoing shipments and equipment in various industries, including consumer goods, healthcare, transportation & logistics and retail. It is the most cost-effective and reliable method of obtaining any information.
RFID is expected to grow at the quickest CAGR during the forecast period since it replaces barcodes in supply chains. RFID tags are used to store data that has been saved in an electronic format, which holds for both items and individuals. It can be scanned wirelessly without a line of sight and contains more information than barcodes.
Asia-Pacific holds the dominant market share in the global security labels market.
The Asia-Pacific dominates the market for security labels. Due to an increase in the prevalence of theft in the retail business, the demand for security labels grows. Manufacturing activities that are expanding, such as consumer goods, positively impact the market expansion.
As consumer disposable income rises, so does their purchasing power, creating a significant opportunity for the global security label market. China, Indonesia, India and Japan dominate the Asia-Pacific market. China has the biggest share of the regional market due to the highest demand from the food and beverage sector and excellent consumer industry.
The global market for security labels is very competitive and most companies have substantial distribution networks that span numerous areas and are fully integrated across the value chain. Companies compete on various aspects, such as aggressive pricing, to gain a larger market share. To stay competitive, they also focus on new product and technology improvements and the refinement of existing ones.
Key players operating in the global market for Security Labels include 3M Company, Avery Dennison Corporation, CCL Industries Inc., Honeywell Global Inc., Tesa SE Group, Data Label Inc., Alpha Packaging, Inc Holosafe Security Labels, Label Lock and Star Label Products.
Avery Dennison Corporation
Overview: Avery Dennison is a materials research and manufacturing company based in the United States, specializing in designing and manufacturing various labeling and functional materials. Among the company's products, which are used in nearly every major industry, are pressure-sensitive materials for labels & graphic applications, tapes & bonding solutions for industrial, medical & retail applications, tags, labels & embellishments for apparel and radio-frequency identification (RFID) solutions for retail apparel and other markets. Avery Dennison has more than 180 offices globally.
Product Portfolio: Avery Dennison offers a variety of RFID solutions that have been proved in the field, including integrated RFID for garments, asset tracking, authentication, near field communication, item-level tracking, printers & scanners, inventory accuracy and brand protection & security.
Key Development: Avery Dennison Corporation stated in 2021 that it had completed the US$1.45 million acquisition of Vestcom, subject to customary adjustments. Vestcom is a prominent supplier of shelf-edge pricing and branded labeling solutions for retailers and consumer packaged goods manufacturers. It synthesizes and streamlines store-level data and delivers item-specific, price-integrated messages using data management capabilities.
Visualize the composition of the security labels segmentation by identification, product, application and region, highlighting the critical commercial assets and players.
Identify commercial opportunities in security labels by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of security labels - level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global security labels report would provide access to an approx. 59 market data table, 53 figures and 180 pages.
Security Labels Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes