January 11, 2023 08:20 ET | Source: Zion Market Research Zion Market Research
Portland, OR, Charlotte, NC, Jan. 11, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Security Labels Market By Product Type (Reels And Sheets), By Composition Type (Adhesive, Face Stock, And Release Liner), By Identification Type (RFID, Bar Code And Holographic), By Industry Vertical (Food & Beverage, Pharmaceutical, Consumer Durables, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database. Home Wallpaper
“According to the latest research study, the demand of global Security Labels Market size & share in terms of revenue was valued at USD 24.5 billion in 2021 and it is expected to surpass around USD 39.6 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period 2022 to 2030.”
What are Security Labels? How big is the Security Labels Industry?
Security Labels Report Coverage & Overview:
Security labels are packaging products that resemble stickers and are attached to the overall packaging to safeguard the contents of the package and reassure customers that they have not been tampered with. Due to their numerous protective and instructional features, these labels also guard against product theft from warehouses or retail locations. Readers of these security labels supply the specific details on each piece of content, including its origin and contents. In contrast, if a product is being stolen, the devices installed at the entry and exit gates of many retail establishments scan the item and determine if the labels were removed at the cash register or not.
Security labels are used to protect products and packaging from tampering, counterfeiting, and diversion. They can also be used to track and trace products through the supply chain, providing greater visibility and control.
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Global Security Labels Market: Growth Dynamics
The global security labels market is expected to grow at a significant rate due to increasing concerns about product authenticity and the need to protect brands against counterfeiting.
In the upcoming years, the global security labels market will develop due to rising demand from the food & beverage industry and the retail sector. The market benefits from the e-commerce sector's rapid growth. Future market growth may also be accelerated by other end-use industries like consumer durables, electronics, and logistics. In addition, it is expected that the market would grow in the future due to population growth and changing lifestyles. In the near future, high demand for electronics, healthcare, and pharmaceutical products could accelerate market expansion.
The market for security labels is primarily driven by rising awareness of the need for protection against fraudulent information and the validity of product details. The consumer durables sector's enormous demand for security labels will fuel the expansion of the global market in the ensuing years.
Some of the key factors driving the growth of the global security labels market include the increasing adoption of security labels in various end-use industries, such as food and beverages, healthcare, automotive, and electronics. Security labels help to ensure the authenticity and integrity of products, prevent counterfeiting and diversion, and increase consumer trust in brands.
Another key driver for the market is the increasing adoption of RFID technology, which provides real-time tracking and monitoring of products and can help to improve supply chain efficiency.
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Security Labels Market: Segmentation Analysis
Global security labels market can be segmented based on different criteria such as product type, technology, application, and geography.
Product type segmentation includes tamper evident labels, void labels, destructible labels, and others. Tamper evident labels are used to indicate any attempt to remove or tamper with the label, while void labels change appearance when removed, making it obvious that tampering has occurred. Destructible labels, as the name suggests, are designed to break into small pieces when an attempt is made to remove them, making it difficult to reuse the label.
Technology segmentation includes RFID, barcode, and others. RFID (Radio-Frequency Identification) is a wireless technology that uses radio waves to identify and track tags attached to objects, while barcode is a method of representing data using a series of bars and spaces of different widths.
Application segmentation includes food and beverages, healthcare, automotive, electronics, and others. Security labels are used in a wide range of industries to ensure the authenticity and integrity of products, and to prevent counterfeiting and tampering.
The global Security Labels market is segmented as follows:
The global security labels market can be segmented by product type, application, and end-use industry.
It is worth noting that the specific segments and sub-segments in the security labels market may vary depending on the source of the market data and the criteria used to define the segments.
Browse the full “Security Labels Market By Product Type (Reels And Sheets), By Composition Type (Adhesive, Face Stock, And Release Liner), By Identification Type (RFID, Bar Code And Holographic), By Industry Vertical (Food & Beverage, Pharmaceutical, Consumer Durables, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” Report at https://www.zionmarketresearch.com/report/security-labels-market
Some of the main competitors dominating the global Security Labels market include -
Key Insights from Primary Research:
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Geographically, the global security labels market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share owing to developing the industrial network in this region. China is expected to emerge as the largest consumer of security labels due to the highest demand from the food & beverage, pharmaceuticals, and consumer durables industries. India and Brazil are other regional segments that accounted for significant growth in the security labels market. The increasing population and disposable income in these regions are anticipated to witness growth in the future. Besides, North America is projected to be the fastest-growing market due to increasing awareness of the authenticity of information among people.
Overall, the global security labels market is a rapidly evolving space with a lot of opportunities for growth, but it is important for companies to stay up-to-date with the latest market trends and technology developments to be successful.
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