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Security Labels Market to Reach USD 26.47 Billion by 2020: MarketsandMarkets

Published on 2016-04-01. Author : SpecialChem

The report "Security Labels Market by Type (Branding, Identification, Information), Identification method (Bar code, Radio Frequency Identification, Holographic) Composition (Facestock, Release Liner, Adhesive), Form (Reel, Sheet) & Application - Forecast to 2020", The security labels market size is projected to grow from USD 20.61 Billion in 2015 to USD 26.47 Billion by 2020, at a CAGR of 5.13% from 2015 to 2020.

Security Labels Market to Reach USD 26.47 Billion by 2020
Fig. 1: Security Labels Market to Reach
USD 26.47 Billion by 2020

The global security labels market is driven by factors such as strong growth in the food & beverage industry and rising demand in consumer durables, retail, and pharmaceutical supply industries. Security labels are used to provide authentic protection to merchandise. At the time of receipt when boxes are unpacked, merchandise contain appropriate accession security labels, which protect the item against accidental, unauthorized, or malicious modification, destruction or disclosure, and theft. The security labels market is witnessing demand owing to the rise in manufacturing activities.

Food & beverage, the largest segment during the forecast period

The food & beverage segment is projected to be the largest market in the next five years. The demand from the food & beverage sector is expected to experience a higher growth rate, mainly because of the growing demand for packaged and branded products, and consumer awareness toward the authenticity of the product. Beverage manufacturers widely use security labels on bottles owing to the high durability, aesthetic appeal, and brand positioning which they offer.

Bar codes, the largest market for the identification method segment

Security labels market, by identification method, is classified into three segments, namely bar codes, radio-frequency identification, and holographic. Bar codes present a cost-effective and reliable method for collecting any kind of necessary data. Bar codes are widely used by industries such as consumer durables, retail, and transportation & logistics for keeping a track of their products, as well as for tracing outgoing shipments and equipment.

Asia-Pacific projected to be the fastest growing market for security labels

Asia-Pacific with emerging economies like China and India will drive the security labels market. China is projected to have the largest market share and dominate the Asia-Pacific security labels market from 2015 to 2020. Developing markets such as China, Brazil, and India are emerging as growth economies for security labels. Growing economies, rising population, and increasing disposable income of people are acting as the main drivers for increased opportunities in these countries.

The major players include 3M Company (U.S.), Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), UPM (Finland), and Honeywell International Inc. (U.S.). Companies have adopted new product/service launches to cope with the increasing demand in the emerging markets.

The scope of the report covers detailed information regarding the major factors influencing the growth of the security labels market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, and recent developments associated with the market. The security labels market is segmented by type, form, identification method, composition, application, and region.

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. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. M&M’s 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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