Labels used to identify and provide information about industrial products and equipment are known as industrial labels. They can be used to communicate instructions, warnings, and operational information. They are frequently used in production, transporting, and storage. dangerous materials, dangerous sites, and hazardous processes can all be identified with industrial labels. They can also provide product tracking information, expiration dates, lot numbers, and other product-related data.
The report “Industrial Labels Market by Type (Warning, Asset Tags), Material (Polymer, Metal), Industry (Transportation, Automotive), Mechanism (Pressure-sensitive, Glue-applied), Printing Technology, Identification Technology, and Region – Global Forecast to 2021″, The market for industrial labels is projected to grow from USD 43.04 Billion in 2016 to reach USD 55.95 Billion by 2021, at a CAGR of 5.39%. The market for industrial labels is growing due to increasing demand in end-use industries such as construction, automotive, consumer durables, transportation & logistics, and aerospace & defense.
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Warning/security labels type is highly preferred because of a variety of reasons such as to attract attention to warnings, to identify risks/hazards involved, to convey security messages, and to provide product-related information. These labels are highly used at the manufacturing sites such as automotive, construction, manufacturing, and marine to maintain a safe working environment.
The industrial labels market is segmented on the basis of end-use industry into transportation & logistics, construction, automotive, consumer durables, and others. In 2015, the transportation & logistics segment accounted for the largest share of the end-use industry segment and is projected to grow at the highest CAGR during the forecast period. The increasing e-commerce, online shopping businesses, increasing supply chain & warehousing industry, and governments’ initiatives to propel FDI have encouraged the industrial labels market to grow.
On the basis of key regions, the market for industrial labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, stable government scenarios, and an excellent hold on industries such as construction, automotive, consumer durables, logistics, marine, and aerospace have played a crucial role in the growth of the market for industrial labels in the Asia-Pacific region.
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The key players considered in the report are: E. I. du Pont de Nemours and Company (DuPont) (U.S.), CCL Industries Inc. (Canada), Avery Dennison Corporation (U.S.), Brady Corporation (U.S.), Cenveo Corporation (U.S.), DUNMORE (U.S.), Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), 3M (U.S.), Fuji Seal International, Inc. (Japan) and Others.
