Report ID: SQMIG20F2006
Report ID:
SQMIG20F2006 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
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).
Industrial labels help in tracking and identifying products throughout the supply chain, enabling companies to comply with these regulations and maintain transparency. With the integration of technologies such as RFID (Radio Frequency Identification) and NFC (Near Field Communication), labels have become more than just a means of identification. They enable real-time data tracking, inventory management, and supply chain optimization, leading to improved operational efficiency and reduced costs. In addition, the rising need for durable and long-lasting labels in harsh environments has contributed to the market growth. Industrial labels are designed to withstand extreme temperatures, moisture, chemicals, and abrasion. They are commonly made of materials like polyester, vinyl, and polypropylene, ensuring their durability and legibility even in challenging conditions. The market is also witnessing a shift towards sustainable and eco-friendly labelling solutions. As environmental concerns continue to rise, industries are increasingly adopting labels made from recyclable materials and using eco-friendly printing techniques.
US Industrial Labels Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20F2006