Industrial Labels Market
The Industrial Labels Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Labels Global Market Report 2024, The industrial labels market size has grown strongly in recent years. It will grow from $55.16 billion in 2023 to $58.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to product diversification, cost efficiency, market competition, industrial automation, safety and hazard identification.
The industrial labels market size is expected to see strong growth in the next few years. It will grow to $71.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to smart label integration, customization and personalization, augmented reality (AR) integration, rapid urbanization, AI and machine learning adoption. Major trends in the forecast period include remote accessibility, urbanization impact, IoT integration, personalized branding, flexible packaging growth.
The rapid rise of e-commerce is significantly contributing to the growth of the industrial label market. E-commerce refers to conducting business activities and transactions over the internet. It includes internet-based activities such as product purchasing and selling, as well as monetary transactions. With the rise of online shopping, there is a greater demand for a variety of labels and packaging. For instance, in November 2021, according to the Census Bureau of the Department of Commerce, a US-based government agency, in the third quarter of 2021, e-commerce sales increased by 6.6% over the third quarter of 2020. Therefore, the rapid rise of e-commerce drives the industrial label market moving forward.
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The industrial labels market covered in this report is segmented –
1) By Product Type: Warning or Security Labels, Branding Labels, Weatherproof Labels, Equipment Asset Tags, Other Products
2) By Raw Material: Metal Labels, Plastic or Polymer Labels
3) By Mechanism: Pressure-sensitive, Glue applied, Heat transfer, Other Mechanism
4) By Printing Technology: Digital printing, Lithography, Flexography, Screen printing, Other Printing Technologies
5) By End User: Transportation, Construction, Automotive, Consumer durables, Other End Users
Major companies in the industrial label market are focused on developing transformative machines, such as label presses, for enhanced flexibility and to maximize their profits in the market. A label press is a printing machine specifically designed for producing labels, providing high-quality and efficient printing for various industries. For instance, in June 2023, Konica Minolta Australia, an Australia-based subsidiary and provider of integrated print and content management solutions and services, launched the AccurioLabel 400 Press, a new label press designed for on-demand label print production with automated technology, catering to label printers diversifying into shorter runs. The press uses dry toner electrophotography with a five-color station, including white toner, allowing one-pass printing for white plus CMYK. It offers flexibility, productivity, and the ability to print on various label media, targeting the mid-high-volume label printing market. The AccurioLabel 400 Press incorporates features for unparalleled flexibility, efficiency, and ease of use, contributing to the growing demand for short-run labels.
The industrial labels market report table of contents includes:
1. Executive Summary
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