Market Research Future (MRFR) has published a cooked research report on the “Global Security Labels Market” that contains the information from 2022 to 2030.
The security labels market is expected to register a CAGR of 5.30% during the forecast period.
MRFR recognizes the following companies as the key players in the global security labels market— 3M Company (US), Avery Dennison Corporation (US), CCL Industries (Canada), UPM (Europe), Honeywell International Inc (US), Tesa SE Group (Germany), Data Label (Europe), Polylabel.com (US), Star Label Products (US), Watson Label Products (US), All4Labels Global Packaging Group (Germany), and Multi-Color Corporation (US) among others.
Market Highlights
The global security labels market is expected to register a CAGR of 5.30% during the forecast period and is expected to hit USD 27,907 million by 2027.
The global security labels market is expected to be driven by the factors such as the increasing concerns about the availability of counterfeit drugs & their safety and the growing focus on reducing operational costs in the healthcare industry. Furthermore, the rapid growth of the retail industry is anticipated to create opportunities for market growth. However, rising environmental concerns are expected to hinder the growth of the market to a certain extent.
Segment Analysis
The global security labels market is mainly segmented into identification method, product form, and vertical. On the basis of identification method, the security labels market has been sub-segmented into barcode, RFID, and hologram. On the basis of product form, the security labels market has been segmented into sheet and roll. On the basis of vertical, the security labels market has been segmented into food and beverages, consumer goods & retail, and pharmaceuticals.
Regional Analysis
The global security labels market has been segmented on the basis of region into North America, Europe, Asia-Pacific, and Middle East & Africa, and South America. The North American market is further divided into the US, Canada, and Mexico. The European security labels market has been segmented into Germany, France, UK, Italy, Spain, and the rest of Europe. The security labels market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Middle East & Africa security labels market includes the Saudi Arabia, UAE, South Africa, and rest of Middle East & Africa. The South America security labels market includes Brazil, Argentina, and rest of South America.
North America comprises US, Canada, and Mexico. The growing concerns regarding the safety of various products have driven the growth of the market. The rising demand for consumer goods and the growth of the e-commerce industry have further formed a high demand for the market. The growing trend of online shopping has created a need for security labels for maintaining safety and sanitization and monitor the supply chain process. There has been a high product demand in different industries such as food & beverage, consumer goods, and pharmaceutical. This has accelerated the growth of the security labels market in this region.
Asia-Pacific comprises China, Japan, India, and the Rest of Asia-Pacific. The growing need for security labels from different sectors and the increasing awareness among the end users has propelled the regional market's growth. The rising demand for household appliances in areas of Southeast Asia and China due to the improved living standard has created a requirement of safety and security of the products. The security labels help to improve the safety of these appliances and prevent package theft. This growing demand from different sectors in the developing and developed countries in Asia-Pacific to avoid tamper or counterfeit products has driven the need for security labels.
Key Findings of the Study
- The global security labels market is expected to reach USD 32,767.7 million by 2027 at a CAGR of 4.9% during the forecast period.
- The Asia-Pacific accounted for the largest market share of 34.6% in 2020, with a market value of USD 7,984.7 million.
- On the basis of identification method, the RFID segment is expected to register a CAGR of 1% during the forecast period.
- Based on product form, the sheet segment dominated the market with a share of 55.8% in 2020.
- Based on vertical, the pharmaceuticals segment is expected to register the highest CAGR of 6.1% during the forecast period.
- Some of the key players operating in the security labels market are 3M Company (US), Avery Dennison Corporation (US), CCL Industries (Canada), UPM (Europe), Honeywell International Inc (US), Tesa SE Group (Germany), Data Label (Europe), Polylabel.com (US), Star Label Products (US), Watson Label Products (US), All4Labels Global Packaging Group (Germany), and Multi-Color Corporation (US) among others.
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Companies Covered | 15 |
Pages | 111 |
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