The Industrial Labels Global Market Report 2023 by The Business Research Company, provides industrial labels market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Industrial Labels Global Market Report 2023, the market size is expected to grow from $53.7 billion in 2022 to $58.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial labels market size is expected to grow to $76.95 billion in 2027 at a CAGR of 7.1%.
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.
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The industrial labels market 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
Top Major Players:
Avery Dennison Corporation
Brady Corporation
Henkel AG & Company KGaA
DuPont de Nemours Inc
Cenveo Corporation
Asia-Pacific was the largest region in the industrial labels market in 2022.
Strategic partnerships are the key trend gaining popularity in the industrial label market. Major companies operating in the industrial label market are undergoing partnerships to strengthen their position. For instance, in January 2022, Brother Mobile Solutions, a US-based provider of mobile, desktop, and industrial printing, labeling, and safety signage solutions, partnered with TEKLYNX, a US-based provider of barcode label software solutions. This partnership aims to bring enterprises the most advanced tools to design and print barcode labels easily and to industry standards. Furthermore, in September 2021, Mark Andy, a US-based innovator of narrow- and mid-web printing and finishing equipment, partnered with UPM Raflatac, a Finland-based provider of industrial labels. This partnership aims to deliver digital label printing technologies to digital converters.
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The industrial labels market report table of contents includes:
1. Executive Summary
2. Industrial Labels Market Characteristics
3. Industrial Labels Market Trends And Strategies
4. Industrial Labels Market – Macro Economic Scenario
5. Industrial Labels Market Size And Growth
………
26. Africa Industrial Labels Market
27. Industrial Labels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Labels Market
29. Industrial Labels Market Future Outlook and Potential Analysis
30. Appendix
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