Link: Industrial Labels Market to Reach USD 51.0 Billion by 2020: MarketsandMarkets
The report “Industrial Labels Market by Type (Warning, Branding, Others), Mechanism (Pressure Sensitive, Glue-applied, others), Industry (Transportation, Consumer Durables, Others), Printing Technology (Digital Printing, Flexography, Others), Identification Technology (Bar codes) – Forecast to 2020” defines and segments the global industrial labels market with analyses and forecast of the global market size for industrial labels till 2020. It also identifies the driving and restraining factors of the market with an analysis of industry trends, opportunities, and challenges.
The industrial labels market is segmented on the basis of type, mechanism, raw material, industry, printing technology, identification technology, and region. The market is segmented and the value is projected on the basis of regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW), and is forecasted till 2020. The major countries in all the regions have been considered for this study.
The industrial labels market is end-user oriented. Product manufacturers have to abide by the mandatory labelling requirements before launching any product in the market. Industrial labels are widely used across various industries such as transportation & logistics, consumer durables, automotives, and construction to keep the customers informed about product-related specifications, for brand identification, to give a product an aesthetically pleasing look, and to promote the product in the market. Industries are seeking industrial labels that are capable to retain their quality and legibility for longer periods. Label manufacturers are also inclined towards designing and developing recyclable industrial labels as they do not impact the environment. The rapid technological and socio-economic changes have pushed the label manufacturers to innovate and build industrial labels that can be customized and localized in accordance with the expectations of industry users.
Several innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped industrial labels to adopt new printing techniques, such as digital printing and new identification techniques such as Radio Frequency Identification (RFID)-enabled labelling.
The industrial labels market is projected to reach USD 51.0 Billion by 2020 at an estimated CAGR of 4.42% from 2015 to 2020. The Asia-Pacific region is projected to grow the fastest in the forecast period, that is, from 2015 to 2020, because of the growth in the manufacturing sector.
The industrial labels market is marked with intense competition due to the presence of a large number of players. The market for this industry is highly unorganized because of the small and medium manufacturers. New product launches and expansions are the key strategies adopted by market players to expand their business. The key players in the market include Avery Dennison Corporation (U.S.), CCL Industries, Inc. (Canada), Brady Corporation (U.S.), 3M (U.S.), Cenveo Inc. (U.S.), Fuji Seal International Inc. (Japan), Saint Gobain SA (France), Henkel AG & Co. (Germany), H.B. Fuller Co. (U.S.), and FLEXcon Company (U.S.).
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