Global Industrial Labels Market

Industrial Labels Market Size, Share, Growth Analysis, By Type(Paper Labels, Plastic Labels, Metal Labels, and Others.), By Application(Manufacturing, Chemicals & Pharmaceuticals, Food & Beverage, Logistics & Transportation), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20F2006 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Industrial Labels Market News

  • In March 2023, CCL Industries acquired Avery Dennison's Fasson Label business for $1.2 billion. This acquisition will strengthen CCL Industries' position as a leading global provider of industrial labels.
  • In February 2023, 3M launched a new line of industrial labels that are designed to be more durable and resistant to harsh environments. These labels are made from a new material that is said to be twice as strong as traditional industrial labels.
  • In January 2023, Brady Corporation announced that it had acquired LabelTac, a provider of industrial label printing solutions. This acquisition will help Brady Corporation expand its product offerings and reach new customers.
  • In December 2022, UPM Raflatac launched a new line of sustainable industrial labels. These labels are made from recycled materials and are said to be carbon neutral.
  • In November 2022, Avery Dennison launched a new line of smart industrial labels. These labels are equipped with sensors that can track the location and condition of assets.
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Industrial Labels Market size was valued at USD 49.25 billion in 2021 and is poised to grow from USD 52.94 billion in 2022 to USD 94.42 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

The industrial labels market is highly competitive and encompasses a wide range of players offering labelling solutions across various industries. This market is driven by the increasing need for efficient and reliable labelling systems to enhance product identification, tracking, and regulatory compliance in industrial settings. The competitive landscape is characterised by the presence of both established players and emerging companies striving to innovate and meet the evolving demands of customers. 'Avery Dennison Corporation (US)', '3M Company (US)', 'CCL Industries Inc. (Canada)', 'Brady Corporation (US)', 'UPM-Kymmene Corporation (Finland)', 'Herma GmbH (Germany)', 'Sato Holdings Corporation (Japan)', 'Tesa SE (Germany)', 'Multi-Color Corporation (US)', 'LINTEC Corporation (Japan)', 'Cenveo Corporation (US)', 'Schreiner Group GmbH & Co. KG (Germany)', 'H.B. Fuller Company (US)', 'Fuji Seal International, Inc. (Japan)', 'DUNMORE Corporation (US)', 'Mactac Americas (US)', 'Resource Label Group LLC (US)', 'Ritrama S.p.A. (Italy)', 'Sika AG (Switzerland)', 'ITW Labels (US)'

Industrial labels serve a vital role in product identification, branding, and differentiation. Manufacturers rely on these labels to prominently display essential information such as product names, specifications, barcodes, serial numbers, and brand logos. Effective labelling enhances product recognition, traceability, and contributes to building a strong brand reputation. The ability to clearly and attractively label products enables manufacturers to stand out in the market and establish a distinct brand identity.

Increasing Demand for Sustainable and Eco-friendly Labelling Solutions: As environmental consciousness grows among businesses and consumers alike, there is a rising emphasis on reducing the environmental impact of labelling materials and processes. Companies are seeking labels made from recyclable or biodegradable materials, as well as exploring options for reducing waste during label production. Moreover, the adoption of eco-friendly printing technologies and the use of water-based inks are gaining traction to minimise the use of hazardous substances.

North America holds a significant share in the industrial labels market due to several factors. The region has a well-established industrial sector, including manufacturing, automotive, pharmaceuticals, and logistics, which are major users of industrial labels for product identification, tracking, and compliance purposes. Additionally, stringent regulations and standards related to labelling and safety drive the demand for industrial labels in North America. The presence of key market players, advanced printing technologies, and a focus on product innovation further contribute to the dominance of North America in the industrial labels market.

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Global Industrial Labels Market

Report ID: SQMIG20F2006

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