Security Labels Market:
WiseGuyReports.com adds “Global Security Labels Market Research Report 2020 Analysis and Forecast 2027” reports to its database.
Global Security Labels Market is valued approximately USD 25.20 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.13 % over the forecast period 2020-2027. Security labels are used to protect item or product from getting unpacked, theft, altered and malicious modification. These labels prevent confidential information from getting leaked. Also, the security labels are witnessing high demand in beverage and manufacturing sector as these labels are widely used as security labels on bottles to enhance aesthetic demand and to enhance brand positioning. Additionally, manufacturers use these labels to safeguard from counterfeiting, diversion and tampering. It not only protects the goods but also brand image and revenue of the company. Also, these labels can help the company to keep the record of tracking throughout the supply chain. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the growth in e-commerce sector along with the increasing demand for food & beverage and retail industry. As per the Shopify, a multinational e-commerce company based in Canada, the ecommerce sales were accounted nearly $2.3 trillion in 2017, which is projected to grow to almost $4.5 trillion by 2021. Similarly, according to the Ecommerce News Organization (Europe), ecommerce industry in the United Kingdom grew approximately 17.8 % in 2015-2016 and around 82 % of the internet users in UK shopped online. Further, increasing dominance of smart labels as compared to conventional bar code data. These smart labels are like a slip for identification that offers advanced technologies with real time tracking. However, the lack of any constant standard is hampering the growth of the market during the forecast period of 2020-2027.
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The regional analysis of global Security Labels market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region due to the developing the industrial network in this region. Also, the dominance of the region is witnessed owing to the highest demand from food & beverage, pharmaceuticals and consumer durables industry. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Honeywell International Inc.
Avery Dennison Corporation
CCL Industries, Inc
Tesa SE Group
Seiko Holdings Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Identification Method:
Radio Frequency Identification
Food & Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Security Labels Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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