Industrial Labels market size was valued at US$ 41410 million in 2023 and is estimated to reach US$ 61910 million by 2030 with a CAGR of 5.9% during review period.
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According to Publisher’s latest study, the global Industrial Labels market size was valued at US$ 41410 million in 2023. With growing demand in downstream market, the Industrial Labels is forecast to a readjusted size of US$ 61910 million by 2030 with a CAGR of 5.9% during review period.
Market Overview
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The research report highlights the growth potential of the global Industrial Labels market. Industrial Labels are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Industrial Labels. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Industrial Labels market.
Industrial labels for difficult applications. Heat resistant, tear resistant labels with permanent adhesive for industrial product tracking. Labels used for industrial applications need to use strong, clear and distinctive colours. This ensures that details remain clear and legible, even in harsh conditions or when seen from a distance.
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Branding and Product Identification- Industrial labels are essential for differentiating, branding, and identifying products. These labels are used by manufacturers to clearly show important details including product names, specs, barcodes, serial numbers, and brand logos. Good labeling improves traceability, product recognition, and helps establish a positive reputation for the brand. Manufacturers can differentiate their brands and stand out in the market by having items with appealing and clear labels.
Challenges- Strong rivalry and pricing pressure- There is fierce rivalry in the worldwide industrial labels industry, with many companies providing a wide range of labeling options. Customers looking for affordable labeling solutions put pressure on prices due to the competitive market. Because of this, label suppliers and manufacturers must balance keeping competitive prices with preserving product quality and profitability. Continuous innovation, process optimization, and effective resource management are necessary to meet the demands of providing value for money solutions in marketplaces where prices are sensitive.
Market Forecasts and Future Outlook: Technological advances, regulatory compliance, and effective supply chain management are expected to propel the worldwide industrial labels market's robust growth between 2024 and 2030. The market's future will be shaped by the emphasis on IoT integration, sustainability, and customized solutions.
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Recommendations and Opportunities: Sustainable Labeling Solutions: There are a lot of growth prospects due to the demand for environmentally friendly and sustainable labels. Businesses and customers who care about the environment can benefit from using green production techniques and creating labels composed of recyclable materials.
Integration with IoT: Industrial labels that are integrated with the Internet of Things (IoT) can perform better and offer real-time information on the location, status, and condition of the product. Asset tracking and supply chain management can be completely transformed by IoT-enabled labels.
Growth in Emerging Markets: There are a lot of prospects for market expansion due to the expanding industrial and economic activity in emerging markets, especially in Asia, Africa, and Latin America. Demand for industrial labels may be fueled by these regions' growing urbanization and industrialization.
Customization and Personalization: Providing individualized labeling solutions can meet industry demands and raise client satisfaction levels. Customizing labels to fulfill specific needs might provide a business a competitive advantage.
Collaborations and Partnerships: Expanding market reach and innovation can be achieved by forming strategic alliances with manufacturers, logistics firms, and suppliers of technology. Partnerships can promote growth and make it easier to reach new clientele.
Recent Development- For $1.2 billion, CCL Industries purchased Avery Dennison's Fasson Label division in March 2023. The acquisition is expected to enhance CCL Industries' standing as a preeminent worldwide supplier of industrial labels.
A new range of industrial labels from 3M that are intended to be more robust and resistant to harsh environments was introduced in February 2023. It is claimed that the new material used to make these labels is twice as robust as that used in conventional industrial labels.
Brady Corporation stated in January 2023 that it had acquired LabelTac, a company that offered solutions for industrial label printing. Brady Corporation will be able to offer more products and attract more clients thanks to this acquisition.
UPM Raflatac introduced a new range of environmentally friendly industrial labels in December 2022. These labels are claimed to be carbon neutral because they are composed of recycled materials.
Avery Dennison introduced a new range of intelligent industrial labels in November 2022. These labels have sensors built in to track the location and state of assets.
Market Segmentation:
Industrial Labels market is split by Type and by End Use. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by End Use in terms of volume and value.
1. Segmentation by type
• Warning/Security Labels
• Branding Labels
• Weatherproof Labels
• Equipment Asset Labels
• Others
2. Segmentation by end use
• Transportation & Logistics
• Automobile Industry
• Electronic Industry
• Consumer Durables
• Others
Regional Insight: For a number of reasons, North America dominates the industrial labels market. Manufacturing, automotive, pharmaceuticals, and logistics are just a few of the well-established industries in the area that rely heavily on industrial labels for compliance, tracking, and product identification. The need for industrial labels is further fueled by strict safety and labeling requirements and standards in North America. The dominance of North America in the industrial labels market is further attributed to the existence of significant market players, the use of cutting-edge printing technology, and an emphasis on product innovation. However, the industrial labels market is expanding at the quickest rate in Asia Pacific. Numerous factors, such as the quickening pace of industrialization, the increase of the manufacturing sector, and the rise in foreign investments in nations like China, India, and Southeast Asia, are responsible for this growth. The region's booming e-commerce and logistics sectors have increased demand for industrial labels for supply chain management, tracking, and packaging. Additionally, growing consumer awareness of product safety, knowledge, and authenticity has accelerated the Asia Pacific region's use of industrial labels. North America is the largest producer, has a share about 31%, followed by Europe, with share 29%.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape- Global key players of industrial labels include 3M, Avery Dennison, Brady, CCL Industries, UPM Raflatac, etc. The top three players hold a share over 20%. The global market for industrial labels is very competitive and has many different companies that provide labeling solutions for different industries. The growing requirement for dependable and effective labeling solutions to improve product monitoring, identification, and regulatory compliance in industrial settings is driving this market. The competitive environment is defined by the existence of both well-established firms and up-and-coming businesses that are trying to innovate and satisfy changing consumer needs.
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