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.
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.
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Key players : 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.
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