Industrial Labels Market Size

Industrial Labels Market Analysis

The Industrial Labels Market size is estimated at USD 24.93 billion in 2024, and is expected to reach USD 32.10 billion by 2029, growing at a CAGR of 5.19% during the forecast period (2024-2029).

• Industrial labels enhance the visual and aesthetic properties of products. Industrial labels give manufacturers an edge over competitors offering similar products. The benefits provided by industrial labels have become widely accepted by manufacturers worldwide. A significant factor driving the growth of the industrial label market is that these products can be easily customized in size and shape for different end uses in every industry, with additional features according to specific needs.
• Increasing demand for labels in the logistics and automotive sectors drives the market's growth. Labels assist in identifying information with a simple, quick scan in manufacturing, shipping, logistics, and many other industries. Smart and future-proof labels with RFID and barcode scanning technologies significantly help food, beverage, and pharmaceutical organizations maintain the supply chain and seamless logistics transportation. Orders are received, things are shipped, and suppliers can determine what and where everything is in the process. Just after the warehouse workers pick and scan the orders received, labels simplify scanning and identification. Labeling allows team members to operate faster and more efficiently.
• The food and beverage industry is expected to hold a significant share of the industrial labels market due to trends such as the growth of innovative food packaging, stringent government regulations, and advances in relevant printing. Branding, promotional campaigns, integrated recipes, interactive experiences, and promotional content are critical areas of the food and beverage industry, with label technologies gaining attention. The relatively high degree of brand fragmentation across numerous product categories has made food companies the primary users of digital printing services.
• Moreover, industrial label manufacturing in small-scale businesses is not affordable, as it needs high-cost investment costs and trained professionals able to operate the machine. Further, the demand for all-in-one solutions in one machine like packaging, labeling, and other operations has raised the cost of machines, which can impact the market's growth.
• The COVID-19 pandemic negatively impacted the industry, resulting in a nationwide lockdown, corporations shifting their sourcing away from China, and reconsidering packaging materials. The unprecedented global spread of the COVID-19 pandemic affected individuals across the globe. It also made headlines for companies specializing in industrial labels that quickly responded to new market demands. Significant growth in end-user demand in specific applications has significantly expanded the scope of the automatic labeling machines market. The pharmaceutical sector anticipated further gaining traction with increased production of pharmaceutical products during the COVID-19 pandemic.