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Industrial Labels Market worth 55.95 Billion USD by 2021
The report "Industrial Labels Market by Type (Warning, Asset Tags), Material (Polymer, Metal), Industry (Transportation, Automotive), Mechanism, Printing Technology, Identification Technology, and Region - Global Forecast to 2021", The market for industrial labels is projected to grow from USD 43.04 Billion in 2016 to reach USD 55.95 Billion by 2021,.
The report “Industrial Labels Market by Type (Warning, Asset Tags), Material (Polymer, Metal), Industry (Transportation, Automotive), Mechanism (Pressure-sensitive, Glue-applied), Printing Technology, Identification Technology, and Region – Global Forecast to 2021″, The market for industrial labels is projected to grow from USD 43.04 Billion in 2016 to reach USD 55.95 Billion by 2021, at a CAGR of 5.39%. The market for industrial labels is growing due to increasing demand in end-use industries such as construction, automotive, consumer durables, transportation & logistics, and aerospace & defense.
Browse 132 market data Tables and 53 Figures spread through 188 Pages and in-depth TOC on “Industrial Labels Market”
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Warning/security labels type gain maximum traction during the forecast period
Warning/security labels type is highly preferred because of a variety of reasons such as to attract attention to warnings, to identify risks/hazards involved, to convey security messages, and to provide product-related information. These labels are highly used at the manufacturing sites such as automotive, construction, manufacturing, and marine to maintain a safe working environment.
Transportation & logistics segment is projected to grow at the fastest rate during the forecast period
The industrial labels market is segmented on the basis of end-use industry into transportation & logistics, construction, automotive, consumer durables, and others. In 2015, the transportation & logistics segment accounted for the largest share of the end-use industry segment and is projected to grow at the highest CAGR during the forecast period. The increasing e-commerce, online shopping businesses, increasing supply chain & warehousing industry, and governments’ initiatives to propel FDI have encouraged the industrial labels market to grow.
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Asia-Pacific to play a key role in the market for industrial labels
On the basis of key regions, the market for industrial labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, stable government scenarios, and an excellent hold on industries such as construction, automotive, consumer durables, logistics, marine, and aerospace have played a crucial role in the growth of the market for industrial labels in the Asia-Pacific region.
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The key players considered in the report are:
E. I. du Pont de Nemours and Company (DuPont) (U.S.)
CCL Industries Inc. (Canada)
Avery Dennison Corporation (U.S.)
Brady Corporation (U.S.)
Cenveo Corporation (U.S.)
Henkel AG & Co. KGaA (Germany)
H.B. Fuller (U.S.)
Fuji Seal International, Inc. (Japan)
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