Global Security Labels Market Share, Size, Growth, Trends, Future Scope, Analysis: By Identification Method (RFID, Barcode, Holographic, Others), Product Form (Reels and Sheets), Application (Food & Beverages, Pharmaceuticals, Consumer Goods, Others) And Region – Forecast 2023
Security Labels Market Overview
Global Security Labels Market Poised to Exhibit 6% CAGR Between 2017 and 2023.
As per the latest report published by Market Research Future (MRFR), the global security market will grow at 5.3% CAGR during the assessment period (2017-2023). There is a sharp rise in demand for security labels. Growth of end-use verticals such as F&B and pharmaceutical is partly driving the demand. Today, security label can be seen in most commercial products owing to regulatory laws and increased focus on safety and branding.
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Key players operating in the global security labels market include
- Avery Dennison Corporation (U.S.)
- UPM (Finland)
- Tesa SE Group (Germany)
- Colour Data UK Ltd (U.K.)
- Label Lock (U.K)
- Star Label Products (U.S.)
- Rako Security Label Produktsicherungs GmbH (Germany)
- 3M Company (U.S.)
- Seiko Holdings Corporation (Japan)
- CCL Industries Inc. (Canada)
- Data Label Inc. (U.S.)
- Watson Label Products (U.S.)
- Honeywell International Inc. (U.S.)
- com (Canada)
- Holosafe Security Labels (India).
- US-based cyber security, digital security and tracking & authentication solution provider VerifyMe, Inc. and New York-based Niagara Label recently signed a license agreement, which will allow Niagara to used VerifyMe’s brand protection technology.
- Fortinet, a renowned automated cybersecurity solution provider recently unveiled the newest version of its flagship operating system – FortiOS 6.2. With this the company continue to move forward with expansion of Fortinet Security Fabric.
The segmental analysis of Security Labels Market offered in MRFR’s report in based on application, product form, identification and region.
By application, the market has been segmented into consumer goods, pharmaceuticals, food & beverages and others. In terms of revenue, the food & beverage segment is accounts for the lion’s share of the market. Security labels find widespread application in the F&B sector. Labelling serves several purposes in food and beverage packages, including product information and product marketing. There is tremendous significance of labelling is the processed and package food. Moreover, the F&B sector is extremely regulated, which makes barcode and labelling a strict obligation for food brands. Labels also help creates an aesthetic appeal, brand awareness and credibility. The pharmaceuticals segment is also expected remain high attractive during the forecast period. Almost all pharmaceutical products need to have appropriate labelling. Issues of drug counterfeit and safety, and risk of medical device theft are some of key factors driving the segment’s growth.
By product form, the market has been segmented into sheets and reels. The sheets segment has witnessed a healthy in recent years. The segment is expected to remain highly profitable during the review period.
By identification method, the market has been segmented into barcode, RFID, holographic, and others. The barcode segment commands for a significant market share in terms of revenue. Barcodes are witnessing a quick uptake in retail, pharmaceuticals, consumer good, among others. This is primarily owing to cost-benefits of barcodes as well as the high level of credibility barcodes have. Meanwhile, the RFID tag is expected to witness the strongest CAGR during the assessment period. RFID facilitated faster data collection and are likely to replace barcodes in the coming years.
APAC a Highly Attractive Destination for Market Players
On basis of region, the market has been segmented into Asia Pacific, North America, Europe and rest of the world (RoW). In terms of revenue, APAC accounts for the largest market share. Additionally, the market in the region is expected to witness a strong growth during the forecast period. The retail industry is witnessing a tremendous boom in the region which is partly driving the market growth. Moreover, China’s rise as a manufacturing hub for consume goods, electronics products, etc. has created market opportunities. The APAC security labels market is expected to be led by China during the forecast period. North America is the second most important market for security labels in terms of value. Increase efforts to strengthen the domestic manufacturing sector is expected to support the market growth in the region.
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Table Of Content
Table 1 Global Security Labels Market: By Region, 2017-2023
Table 2 North America Security Labels Market: By Country, 2017-2023
Table 3 Europe Security Labels Market: By Country, 2017-2023
Table 4 Asia-Pacific Security Labels Market: By Country, 2017-2023
Table 5 RoW Security Labels Market: By Country, 2017-2023
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