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.
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Security labels protect items from intentional modification, theft, unpacking, and alteration. These security labels prevent the leakage of critical information. The manufacturing and beverage industries have an extraordinarily high need for security labels. Security labels are commonly used on bottles in these industries to increase brand positioning and visual appeal. Manufacturers employ security labels to protect their products from theft, tampering, and counterfeiting. It protects not just the items, but also the company’s revenue and brand reputation. Additionally, the company can keep a record of the complete supply chain.
➤ Increasing the use of security labels in computer hardware security will fuel market expansion.
Computers are potentially one of an organization’s most valuable assets because they hold important and sensitive information. Securing electronic information has become more important as a result of the General Data Protection Regulation (GDPR) and the rise in data security breaches and scams, which have the ability to affect everything from access to private or sensitive information to election outcomes. Security labels help to escalate security breaches while protecting the server, hardware access, and private hard drives. As a result, the worldwide security labels market is predicted to increase significantly during the forecast period.
➤ Growing environmental concerns are the main restricting factor.
Customers are actively seeking to make sustainable purchasing decisions as they become more aware of the environmental impact of the things they purchase. Vinyl, foam, polypropylene, and polystyrene film sheets are some of the raw materials used to make labels. These commodities have large carbon footprints and are difficult to biodegrade. Furthermore, a large amount of greenhouse gases are emitted during the label’s creation process.
➤ Growing urbanization is likely to present a significant potential for market growth.
The expanding urban population influences the demand for self-adhesive labels on commodities such as pharmaceuticals, beverages, FMCGs (fast-moving consumer goods), and consumer durables. The demographic shift from rural to urban areas in Asia-Pacific has sped up growth. According to the United Nations Population Division, Asia-Pacific’s population is expected to reach 5.1 billion by 2050, with at least 68% of that total living in cities. Population growth might lead to 2.5 billion more people living in cities by 2050, with Asia and Africa accounting for up to 90% of the increase. As living standards improve, so will the demand for branded items, creating a greater need for security labels.
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The Global Security Labels Market is segmented based on product, application and region
Global Security Labels Market: Product Segment Analysis
● Reels
● Sheets
Global Security Labels Market: Application Segment Analysis
● Food & Beverage
● Pharmaceutical
● Consumer Durables
● Others
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The global Security Labels market profiles key players such as:
● Avery Dennison Corporation
● 3M
● CCL Industries
● Honeywell International Inc.
● UPM
● OpSec
● Brady Worldwide Inc.
● Holosafe Security Labels
● Star Label Products
● DATA LABEL
● Watson Label Products
● Covectra Inc.
● MEGA FORTRIS GROUP
● Label Lock
● All4Labels Smart + Secure GmbH
● Smartrac Technology GmbH
● Invengo Technology Pte. Ltd
● CILS International
● Tamperguard
???? Recent Developments:
• In an effort to provide brand owners with a cost-effective technology that allows them to safeguard and trace their products through a cloud-based management system, U-Nica, a Swiss company that specializes in digital trademark protection, introduced a Digital Security Label (DSL) in September 2021. DSL is a customizable adhesive label that provides uninterrupted manufacturing by interacting with the product and packaging. Its three primary components are a scryptoTRACE code, serialization, and PixelCloud.
• In June 2021, Paragon ID announced the acquisition of Security Label, a European leader and one of the largest manufacturers of luggage badges for the aviation industry. Paragon ID has the potential to surpass its competitors and secure the global leadership position in the airline industry’s luggage tag market through the acquisition of the Security Label. Security Label’s reputation and its strong connections with the world’s largest airlines, as evidenced by the exclusive contract signed in 2019 with Air France for the supply of RFID baggage tags to the French airline, will combine with Paragon ID’s expertise in RFID technologies to enable the group to accelerate its development in this field.
➤ The market is anticipated to be dominated by the Asia Pacific region during the forecast period.
The global security labels market is anticipated to be dominated by the Asia Pacific region during the forecast period. The region’s expansion is due to the increasing demand for security labels from a variety of end-use industries, including consumer electronics and food & beverages. Additionally, primary materials are readily accessible. Manufacturing activities in China and India are expected to increase, which will likely accelerate the growth of the regional market, as a result of the inexpensive accessibility of raw materials such as adhesives, paper, and plastic films.
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