Warning/security labels held the largest market share in Industrial Labels Market, in terms of value. It is projected to grow at the highest CAGR. 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.
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MarketsandMarkets projects that the industrial labels market will grow from USD 43.04 Billion in 2016 to USD 55.95 Billion by 2021, at an estimated CAGR of 5.39%. The market is growing due to growth in end-use industries such as construction, aerospace & defense, automotive, consumer durables, transportation & logistics, and many more. Along with the same, rise in demand of sustainable & recyclable labeling & packaging material has fueled the market for industrial labels. Emerging economies such as India, South Africa, Brazil, and oil-centric GCC (Gulf Cooperation Countries) possess a great potential for the industrial label market.
In terms of region, the market for industrial labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific region is projected to grow at the highest CAGR among all the regions by 2021. This is mainly due to emerging economies in China, Southeast countries and India; urbanization; industrialization; and excellent PEST (political, economic, social, and technological) conditions.
The laser engraving labels segment in the industrial labels market has high growth as these are applicable on almost any type of materials such a platinum, silver, brass, gold, stainless steel, carbide, copper, titanium, and plastics with a variety of advantages.
The key players considered 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)