PUBLISHER: The Business Research Company | PRODUCT CODE: 1436393
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436393
Industrial labels are materials used to identify equipment and provide visual or textual information regarding use or risks. These labels are durable and highly resistant to heat, light, moisture, corrosive solvents, and other environmental factors that can cause fading, cracking, ripping, or peeling. The majority of industrial labeling applications require long-term legibility in harsh physical environments.
The primary types of industrial labels include warning or security labels, branding labels, weatherproof labels, equipment asset tags, and others. Warning labels, crucial for safety awareness, can pertain to harmful parts of work equipment or the product itself. Different raw materials such as metal labels, plastic or polymer labels, and various mechanisms such as pressure-sensitive, glue-applied, heat transfer are involved. Printing technologies encompass digital printing, lithography, flexography, screen printing, used in transportation, construction, automotive, consumer durables, and other end-user industries.
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 industrial labels market size has grown strongly in recent years. It will grow from $55.16 billion in 2023 to $58.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The expansion during the historical period can be credited to factors such as product diversification, cost efficiency, market competition, industrial automation, and the identification of safety and hazards.
The industrial labels market size is expected to see strong growth in the next few years. It will grow to $71.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be ascribed to the integration of smart labels, customization and personalization, augmented reality (AR) integration, rapid urbanization, and the adoption of AI and machine learning. Key trends in the forecast period encompass remote accessibility, the impact of urbanization, IoT integration, personalized branding, and the growth of flexible packaging.
The industrial label market is seeing significant growth due to the rapid rise of e-commerce. E-commerce involves conducting business activities and transactions over the internet, leading to an increased demand for various labels and packaging. For example, in the third quarter of 2021, e-commerce sales increased by 6.6% over the same period in 2020, according to the Census Bureau of the Department of Commerce. Therefore, the growing prominence of e-commerce is a key driver for the industrial label market.
The industrial label market is witnessing significant growth due to the increasing production in the automotive industry. The automotive industry encompasses the design, manufacturing, and sale of motor vehicles, with industrial labels being used for product identification, tracking, and compliance labeling. According to the European Automobile Manufacturers Association (ACEA), 85.4 million motor vehicles were produced globally in 2022, reflecting a 5.7% increase compared to 2021. Therefore, the growth in automotive production is driving the industrial label market.
Strategic partnerships are gaining popularity in the industrial label market, with major companies forming partnerships to strengthen their position. In January 2022, the US-based provider of mobile, desktop, and industrial printing solutions, Brother Mobile Solutions, partnered with TEKLYNX, a US-based provider of barcode label software solutions. This partnership aims to provide enterprises with advanced tools for designing and printing barcode labels to industry standards. Additionally, in September 2021, the US-based innovator of printing and finishing equipment, Mark Andy, partnered with Finland-based industrial label provider UPM Raflatac to deliver digital label printing technologies to digital converters.
Major companies in the industrial label market are focused on developing transformative machines, such as label presses, for enhanced flexibility and to maximize profits in the market. A label press is a printing machine designed for producing labels, providing high-quality and efficient printing for various industries. In June 2023, Konica Minolta Australia, an Australia-based subsidiary and provider of integrated print and content management solutions, launched the AccurioLabel 400 Press, a new label press designed for on-demand label print production with automated technology. The press uses dry toner electrophotography with a five-color station, including white toner, allowing one-pass printing for white plus CMYK. The AccurioLabel 400 Press offers flexibility, productivity, and the ability to print on various label media, targeting the mid-high volume label printing market.
In November 2022, IDENTCO International Corporation, a US-based manufacturer of durable labels, was acquired by Mason Wells, a US-based private equity firm, for an undisclosed amount. This acquisition is intended to drive growth and consolidation in the durable industrial labels sector.
Major companies operating in the industrial labels market report are HP Inc., Printronix, 3M Company, Linde Gas Korea Ltd., Henkel AG & Co. KGaA, Osaka Sanso Co. Ltd., E.I. du Pont de Nemours and Company, Avery Dennison Corporation, Airgas Inc., Xerox Corporation, CCL Industries Inc., AMCS Corporation, 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., Kyushu Air Gas Co. Ltd., LabelTac, Nippon Gases Korea Co. Ltd., Taiwan Airgas Co. Ltd., Tokai Gas Co. Ltd., Wasp Barcode Technologies, Woomjin Precision Gas Co. Ltd.
Asia-Pacific was the largest region in the industrial labels market in 2023. 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.
The countries covered in the industrial labels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial label market consists of sales of label materials, adhesives, silicone paper and printing inks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Labels Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial labels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial labels ? 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 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.