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Industrial Labels Market to Reach USD 51.0 Billion by 2020: MarketsandMarkets

Published on 2015-08-24. Author : SpecialChem

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.).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. MarketsandMarkets specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in its reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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