Transparency
Market Research Report Added "Industrial
Labels Market". Being informed regarding product origin,
supply chain, disposal etc. is a crucial aspect for product
manufacturers. Industrial labels have emerged as a highly efficient
means to deliver such product-related information. Besides,
industrial labels also enhance the visible and aesthetic features of
products. Through the use of industrial labels, producers can gain an
edge over competitors who offer similar products. The advantages
offered by industrial labels is resulting in wider adoption by
manufacturers worldwide. A major factor attributed to growth of the
industrial labels market is that these products can easily be
customized in terms of size and shape for a range of end-use
applications across industries, with supplementary features as per
specific requirement.
Product
manufacturers’ concern regarding the practice of counterfeiting of
their products can also be resolved to a great extent by using
industrial labels enabled with bar codes and RFID technologies.
Counterfeiting has become a worldwide phenomenon, which has been
impacting industrial manufacturers severely, by affecting their sales
revenue and also respective brand image. This has prompted
manufacturers to use effective anti-counterfeiting technologies based
on unique codes on labels. Various industrial labels are available in
the market that are enabled with both track & trace and
anti-counterfeit technologies. Track & trace technology helps
manufacturers to maintain proper tracking of products, while
anti-counterfeit technology helps to protect products from being
counterfeited.
Industrial labels
help manufacturers to keep a proper track of products along the
entire supply chain. Industrial labels are increasingly finding
application in various industries that lets customers know about
product specifications, identification of brand, and also give the
products an aesthetic look. Demand for durable industrial labels is
further pushing market players to produce such labels on a larger
scale.
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Report :
Various advancements
in labeling technology and socio-economic changes among consumers
have encouraged label manufacturers to design, produce, and introduce
specific and customized labels that meet specific requirements of
product manufacturers. Development of new techniques such as
digitalized printing, RFID labeling etc. is helping this industry
grow at a faster rate. Due to these factors, the industrial labels
market is expected to account for significantly high revenue over
forecast period 2016–2024.
High capital
expenditure is required for setting up a labeling system. This aspect
often makes manufacturers a little hesitant to invest in this
technology.
The industrial
labels market is segmented on the basis of mechanism, end-use
industry, identification technology, and regions.
By mechanism, the
market is categorized into pressure sensitive, in-mold, glue-applied,
heat-shrink, and others. By end-use industry, the industrial labels
market is categorized into food, beverage, automotive,
pharmaceuticals, construction, chemicals, transportation &
logistics, consumer durables, and others. By identification
technology, the industrial labels market is categorized into radio
frequency identification (RFID), bar codes, and others.
On the basis of
regions, the global industrial labels market is segmented into seven
key regions namely North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific excluding Japan, Middle East &
Africa, and Japan. Due to higher consumer awareness, North America is
expected to hold the largest market share, followed by Europe by the
end of 2016. However, Asia Pacific region is expected to show maximum
growth in the global industrial labels market due to rising awareness
and huge consumer base.
Some Key
Players operating in the global industrial labels market are
Avery Dennison Corporation, Brady Corporation, 3M, CCL Industries,
Inc., Fuji Seal International Inc., Cenveo Inc., and others.
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