Industrial labels are labels that are used in industrial settings to identify, track, and/or control products, resources, and processes. They're used for everything from identifying and tracking products on a production line to labeling hazardous materials and even labeling items in a warehouse. Industrial labels are in high demand, particularly in the automotive, aerospace, and electronics industries, because they must be highly durable, able to withstand harsh conditions, and customizable to meet the specific needs of the application.
MarketsandMarkets projects the global industrial labels market to grow from USD 43.04 Billion in 2016 to USD 55.95 Billion by 2021 at a CAGR of 5.39%. The growth in the industrial labels market is supported by the growing parent industries such as construction, automotive, and aerospace & defense in both developed and developing countries as well as the increasing need for sustainable and efficient ways of labels that are responsible for conveying warning and safety messages at the manufacturing site.
The key players in the Industrial labels market are Avery Dennison Corporation (U.S.), E. I. du Pont de Nemours and Company (DuPont) (U.S.), CCL Industries Inc. (Canada), Cenveo Corporation (U.S.), Brady Corporation (U.S.), 3M (U.S.), Henkel Ag & Co. KGaA (Germany), and Fuji Seal International, Inc. (Japan). The other notable players in the market are H.B. Fuller (U.S.) and DUNMORE (U.S.).
Mergers & acquisitions were adopted by most of the players in the industrial labels market. Companies adopted this strategy to increase the reach of their offerings, improve their production capacity, and focus on core operations. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing regions. As a result of the same, Brady Corporation (U.S.) and H.B. Fuller Co. (U.S.) emphasized on adopting key strategies to expand business operations.
