Global Security Labels Market is expected to rise from its initial estimated value of USD 22.78 billion in 2018 to a projected value of USD 32.86 billion by 2026, registering a CAGR of 4.69% in the forecast period of 2019-2026.
Market Definition: Security Labels Market
Security labels are sticker-like packaging products that are integrated on the overall packaging products to protect the contents of the package and ensure the consumers that the contents have not been interfered with. These labels also protect the product from being stolen from warehouses or stores because they are equipped with various protective measures as well as informative measures. Readers of these security labels provide the unique information associated with each content, its origination and contents.
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Major Market Drivers & Restraints are as follows:
- Increasing need for theft protection and content interference protection; this factor is expected to drive the market growth
- Growth in the manufacturing and demands of consumer goods has resulted in increased demand for the product
- Absence of regulations and standards for the security labels quality and requirements; this factor is expected to restrain the market growth
- Fluctuations in the prices of raw materials restricting the market from reaching its complete potential
Key Market Competitors: Security Labels Market
Few of the major competitors are 3M; AVERY DENNISON CORPORATION; CCL Industries; Honeywell International Inc.; UPM Raflatac; tesa SE – A Beiersdorf Company; OpSec Security, Inc.; Brady Worldwide, Inc.; Covectra, Inc.; MEGA FORTRIS GROUP; SEIKO HOLDINGS CORPORATION; Security Labels International; Sandora Sales and Manufacturing Ltd.; are few of the major competitors present in the market.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Security Labels Market
- By Functionality
- Branding Labels
- By Material
- By Type
- Bar Codes
- Radio Frequency Identification
- Near Field Communication (NFC)
- QR Codes
- By Composition
- Release Liner
- By Form
- By Application
- Bottles & Jars
- Boxes & Cartons
- Bags & Pouches
- Intermediate Bulk Containers (IBCs)
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Global security labels market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of security labels market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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