02-Jan-2023 | Zion Market Research
The global security labels market size was worth around USD 24.5 billion in 2021 and is predicted to grow to around USD 39.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.
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.
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.
The global security labels market is segmented based on product type, composition type, identification type, industry vertical, and region.
Based on the product type, the market is segmented into reels and sheets. The sheets segment held the highest revenue share in 2021 and is expected to continue this pattern during the forecast period. The growth in the segment is attributed to the wide acceptance of sheets among consumers across the sector. However, the reels segment is expected to grow at the highest CAGR during the forecast period.
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.
This review is based on a report by Zion Market Research, 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
.”- Report at https://www.zionmarketresearch.com/report/security-labels-market
Recent Development:
The global security labels market is dominated by players like:
The global security labels market is segmented as follows:
By Product Type
By Composition Type
Adhesive
By Identification Type
By Industry Vertical
By Region
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