What's driving the Industrial Labels Market Growth?
Posted by Mayur Yeole on April 30th, 2021
Avery Dennison Corporation, Brady Corporation, 3M Company, CCL Industries Inc., HB Fuller Co, Cenveo Inc., Dunmore Corporation, Henkel Ag & Company, Fuji Seal International Inc., and Du Pont are some of the major players participating in the global industrial labels market. These players are assessed to offer an informative share analysis of the global market. Investments in technological innovations and product development are projected to intensify competition in the market over the next couple of years.
Industrial labels play a crucial role in the packaging of end-use products. It contains information starting from manufacturing to disposal. These labels are used to provide the information that has been declared mandatory by the governments. Market Research Future (MRFR)’s observation reveals that the global industrial labels market is expected to register moderate CAGR over the evaluation period. Favorable governments regulations are projected to lead the expansion of the market in the years to come.
These labels are extensively used as a part of the marketing strategy to attract a larger consumer base. Increasing investments in packaging innovations are anticipated to catapult industrial labels market on growth trajectory. In addition, these labels can be customized according to shape and size. It is projected to keep influencing the expansion of the market positively in the nearby future.
Investments are being made for the introduction of advanced procedures and innovative products. The use of bio-based adhesives is likely to act as a growth catalyst to the expansion of the industrial labels market over the next couple of years. Also, the rising adoption of RFID and barcode technologies for eliminating the risk of counterfeits is poised to drive market growth in the forthcoming years. It is anticipated to motivate the end-user industry verticals to adopt industrial labels, thus, backing market growth.
Increasing applications across end-user industries are also poised to add to revenue earned by the market participants. The growth of these industry verticals is likely to lead the growth pattern of the industrial labels market over the next few years.
The segments of the industrial labels market, based on materials, are metal, polymer, and others.
The segmental analysis of the industrial labels market, on the basis of mechanism, covers pressure-sensitive, heat transfer, glue-applied, and others.
The applications-based segmentation of the global industrial labels market includes - transportation, automotive, consumer durables, construction, and others.
The report covers an exhaustive evaluation of the global industrial labels market based on region and country. The regional segments studied in this assessment are North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Among these, North America is projected to play a significant role in the development of the global market, owing to rising consumer awareness. In addition, key players based out of the region are investing in research & development, which again is prognosticated to catalyze growth of the industrial labels market in the upcoming years. Integration of advanced technologies such as RFID is poised to open growth avenues for the market players across the forecast period. Asia Pacific, on the other hand, is expected to hold a substantial share of the market due to rising demand from thriving end-user industries. China and India are assessed to emerge as crucial revenue pocket of the region by the end of the evaluation period.
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About the AuthorMayur Yeole
Joined: February 8th, 2021
Articles Posted: 565
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