Posted By Coherent Market Insights
Posted on October 11, 2021
The industrial labels market was valued at USD 49.25 billion in 2020 and is expected to reach USD 69.8 billion by 2026, at a CAGR of 6% over the forecast period 2021 – 2026.
Industrial Labels are used for identification, advertising, and operating instruction purposes. They are engineered to survive the conditions of the equipment they are used on. They are used in transportation, automotive, manufacture of consumer goods, and construction industries. Industrial Labels can be designed to be moisture resistant, dust resistant, and high temperature and pressure resistant with anti-peel properties.
A detailed report on Global Industrial Labels Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Labels market: HP Inc., Cannon Inc., Xerox Corporation, Cenveo, Inc., CL Industries, Inc., H.B. Fuller Co., Cenveo, Inc., Dunmore Corporation, 3M Company, Brady Corporation, Avery Dennison Corporation, DuPont, and Henkel Ag & Company.
Regional Analysis For Industrial Labels Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Labels market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Industrial Labels Market Outlook
- Asia Pacific is the fastest growing market. Rise in transportation and automotive sectors has driven the market growth. Increased consumption in India and China due to rising populations has led to increasing demand for goods, which in turn has boosted the industrial labels market. The advent of online shopping has resulted into vast increase in both cross border and domestic trade. India is slated to have 175 million online shoppers by 2020, which is a result of price wars between e-commerce giants Flipkart, Amazon, and others.
- North America and Europe posted strong sales in automobile sector which resulted in burgeoning growth in the industrial labels market. An estimated 17.55 million vehicles were sold in the US in 2016, with pickups and SUV’s the favored vehicles, due to low gasoline prices. This trend is expected to reverse as governments impose tough emission legislation. Three major automakers Ford, G.M, and Chrysler are the largest consumers of industrial labels.
Key Developments
- In February 2018, HP Inc. expanded its labels & packaging portfolio with launch of HP Indigo 6900 Digital Press. The new press allows for production of high-resistance labels for household, food, pharma and chemical industries.
- In June 2018, Canon Inc. launched Oce LabelStream 4000, a roll-to-roll industrial-scale UV inkjet press and will be available in number of configurations for different applications in self-adhesive labels and flexible packaging. The new product launch marked Canon’s entry in digital label printing market.
- In 2017, Fuji Xerox New Zealand entered into partnership with Durst Industrial Services (manufacturer of digital imaging systems). Under the partnership, Fuji Xerox New Zealand will launch Durst’s Dusrt Tau 330 series (UV digital inkjet label presses) in New Zealand. The new machine offers lower cost of production for various label types including blister packs, thin film and other media.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Industrial Labels market Uncovers The Reasons For market Growth At A Cagr Of 6% To Reach USD 69.8 billion By 2026 appeared first on Gatorledger.
The industrial labels market was valued at USD 49.25 billion in 2020 and is expected to reach USD 69.8 billion by 2026, at a CAGR of 6% over the forecast period 2021 – 2026.
Industrial Labels are used for identification, advertising, and operating instruction purposes. They are engineered to survive the conditions of the equipment they are used on. They are used in transportation, automotive, manufacture of consumer goods, and construction industries. Industrial Labels can be designed to be moisture resistant, dust resistant, and high temperature and pressure resistant with anti-peel properties.
A detailed report on Global Industrial Labels Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Labels market: HP Inc., Cannon Inc., Xerox Corporation, Cenveo, Inc., CL Industries, Inc., H.B. Fuller Co., Cenveo, Inc., Dunmore Corporation, 3M Company, Brady Corporation, Avery Dennison Corporation, DuPont, and Henkel Ag & Company.
Regional Analysis For Industrial Labels Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Labels market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Industrial Labels Market Outlook
- Asia Pacific is the fastest growing market. Rise in transportation and automotive sectors has driven the market growth. Increased consumption in India and China due to rising populations has led to increasing demand for goods, which in turn has boosted the industrial labels market. The advent of online shopping has resulted into vast increase in both cross border and domestic trade. India is slated to have 175 million online shoppers by 2020, which is a result of price wars between e-commerce giants Flipkart, Amazon, and others.
- North America and Europe posted strong sales in automobile sector which resulted in burgeoning growth in the industrial labels market. An estimated 17.55 million vehicles were sold in the US in 2016, with pickups and SUV’s the favored vehicles, due to low gasoline prices. This trend is expected to reverse as governments impose tough emission legislation. Three major automakers Ford, G.M, and Chrysler are the largest consumers of industrial labels.
Key Developments
- In February 2018, HP Inc. expanded its labels & packaging portfolio with launch of HP Indigo 6900 Digital Press. The new press allows for production of high-resistance labels for household, food, pharma and chemical industries.
- In June 2018, Canon Inc. launched Oce LabelStream 4000, a roll-to-roll industrial-scale UV inkjet press and will be available in number of configurations for different applications in self-adhesive labels and flexible packaging. The new product launch marked Canon’s entry in digital label printing market.
- In 2017, Fuji Xerox New Zealand entered into partnership with Durst Industrial Services (manufacturer of digital imaging systems). Under the partnership, Fuji Xerox New Zealand will launch Durst’s Dusrt Tau 330 series (UV digital inkjet label presses) in New Zealand. The new machine offers lower cost of production for various label types including blister packs, thin film and other media.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Industrial Labels market Uncovers The Reasons For market Growth At A Cagr Of 6% To Reach USD 69.8 billion By 2026 appeared first on Gatorledger.
