Market Research Report
Industrial Labels Global Market Report 2022
|Industrial Labels Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Industrial Labels Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global industrial labels market market.
This report focuses on industrial labels market market which is experiencing strong growth. The report gives a guide to the industrial labels market market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the industrial labels market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Industrial Labels Market market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider industrial labels market market, and compares it with other markets.
Major players in the industrial labels market are: Avery Dennison Corporation, Brady Corporation, Henkel AG & Company KGaA, DuPont de Nemours Inc., Cenveo Corporation, LabelTac, Drytac corporation, Cosmo Films Ltd., 3M Company, CCL Industries Inc, Cannon Inc., HB Fuller Co, Dunmore Corporation, Xerox Corporation, CILS International.
The global industrial labels market is expected to grow from $48.40 billion in 2021 to $53.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The industrial labels market is expected to grow to $67.34 billion in 2026 at a CAGR of 6.1%.
The industrial label market consists of sales of industrial labels by entities (organizations, sole traders, and partnerships) that are used to identify equipment and provide visual or textual information regarding use or risks. These are durable and strongly resistant to heat, light, moisture, corrosive solvents, and other environmental factors that can cause labels to fade, crack, rip, or peel. The majority of industrial labeling applications demand long-term legibility in harsh physical environments.
The main types of industrial labels are warning or security labels, branding labels, weatherproof labels, equipment asset tags, and others. The warning labels involve marked and visible safety, and warning labels will keep individuals who are vulnerable aware of the potential hazards, whether they're harmful parts of work equipment or a product itself. The different raw materials include metal labels, plastic or polymer labels, and involve various mechanisms such as pressure-sensitive, glue-applied, heat transfer, and other mechanisms. The different printing technologies include digital printing, lithography, flexography, screen printing, and others and are used in transportation, construction, automotive, consumer durables, and other end users.
Asia-Pacific was the largest region in the industrial labels market in 2021. 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 and Africa.
The industrial labels market research report is one of a series of new reports from The Business Research Company that provides industrial labels market statistics, including industrial labels industry global market size, regional shares, competitors with an industrial labels market share, detailed industrial labels market segments, market trends and opportunities, and any further data you may need to thrive in the industrial labels industry. This industrial label market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
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.
In January 2020, CCL Industries Inc., a Canada-based provider of specialty label, security, and packaging solutions, acquired Eti-Textil for a deal amount of $19.6 million. With this acquisition, Eti-Textil contributes a comprehensive range of labeling products and services, including RFID, while expanding ALS' operational footprint in Liberia and North Africa. ETI-TEXTIL is a Spain-based label manufacturer that provides identification and coding solutions to the textile, apparel, footwear, and leather industries.
The countries covered in the industrial labels market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.