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Industrial labels are the packaging labels used to identify equipment and offer visual or textual information regarding use or associated risks. The labels are efficient in protecting the products and keeping them safe. Durable labels and nameplates display several barcodes, serial numbers, health & safety warnings, and many different critical information for a longer time. The rising demand for industrial labels from the automotive, electronics, and retail sectors due to rapid industrialization is generating potential opportunities for market growth.
Several businesses are opting for industrial labels to set their brands apart from competitors and to make their portfolios more visible. It has led to an upsurge in the demand for labels that are aesthetically appealing and customizable. The rise in demand for such labels drives the market growth. The growing environmental regulations boost the demand for sustainable labeling options such as biodegradable labels, contributing to the market growth.
The high initial costs associated with the labeling infrastructure lead to difficulty for small and medium-sized businesses in entering the market, limiting its expansion. In addition, the emergence of alternative labeling solutions, such as digital labeling and direct printing, eliminates the demand for industrial labels, hampering the market growth.
The occurrence of the COVID-19 virus led to an enduring effect on several sectors. The industrial labels market witnessed a mixed impact. The shutdown of business in the initial stage reduced the raw material and labor supply, hampering market growth. However, with the ease of the imposed lockdown, the market growth flourished.
By Material | By Type | By Printing Technology | By End-use Industry | By Geography |
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The report covers the following key insights:
Based on material, the market is segmented into plastic, metal, and others.
The plastic segment dominates the global industrial labels market. The material provides excellent durability and resistance to harsh environments. The key features offered by the material boost its demand for supply chain tracking, traceability, and identification in several end-use industries, contributing to segmental growth.
Based on type, the market is segmented into warning labels, branding labels, weatherproof labels, equipment asset labels, and others.
The equipment asset labels segment dominates the market. The label type dominates the market due to its significant role in managing and tracking assets in the industrial and manufacturing sector. The labels ensure excellent maintenance and efficiency of the packaged good, owing to which it is gaining huge traction among several end-uses. The unique ID and number help in entering basic information about the asset, driving segmental growth.
Based on printing technology, the market is segmented into digital printing, flexography, screen printing, and others.
The flexography segment dominates the market and is projected to witness excellent growth over the upcoming years. Flexographic printing is an ideal choice for printing bulk orders of custom labels very quickly. The printing technology offers high-quality labels due to its highly versatile print process.
Based on end-use industry, the market is segmented into automotive, aerospace & defense, food & beverage, building & construction, logistics & transportation, consumer goods, and others.
The food & beverage segment dominates the global industrial labels market. The growing trend of innovative food packaging, along with the stringent government regulations and advances in appropriate printing technologies, fosters the segment growth.
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The industrial labels market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the dominating region in the global industrial labels market. The presence of key players and a rise in the e-commerce sector due to technological innovation and digitalization in the packaging & labeling sectors drive the market growth.
Europe is the second-dominating region. The increasing demand for sustainable packaging and labeling solutions, along with the surging growth in supermarkets, organized retail outlets, and convenience stores, propels the regional growth.
The Asia Pacific is the third-dominating region. The manufacturing processes in the region are becoming more globalized and industrialized, generating a huge demand for industrial labels for traceability and identification in various sectors.
The Latin America market will notice steady growth due to the growing consumer goods and automotive sector in the region. The Middle East & African market is expected to foresee moderate growth due to the soaring demand for industrial labels in the building & construction industry.
The report includes the profiles of key players such as Avery Dennison Corporation, Brady Corporation, 3M Company, CCL Industries Inc., UPM RAFLATAC, DuPont de Nemours Inc., Brook + Whittle Ltd, OMNI SYSTEMS, Computer Imprintable Label Systems Ltd (CISL Ltd), and Dura-ID Solutions Limited.
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