Security Labels Market

Security Labels Market: Applications in Tracking, Tracing, and Inventory Management to Propel Demand: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2027

  • 2019-01-07
  • REP-GB-2624
  • 210 pages
  • PDF PPT EXCEL
 Security Labels Market

An Incisive, In-depth Analysis on the Security Labels Market

This study offers a comprehensive, 360 degree analysis on the Security Labels market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Security Labels market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Security Labels Market Analysis: Barcode Labels to Dominate the Security Labels Market in Terms of Market Share

The global market for security labels is expected to be valued around US$ 23.4 Bn by 2018. The security labels market is projected to expand at a CAGR of 5.3% during the forecast period, 2018-2027.

Security labels are incorporated on packaging solutions to ensure an authentic and pilferage-free delivery of the product. Food packages that have been tampered with can cause foodborne illnesses. Also, tampered beauty & cosmetics and medicines can pose some serious health risks. Security labels protect the packaged product from counterfeiting and reduce shipping losses which might occur due to pilfering. Security labels can be applied to all sorts of primary packaging solutions including bottles, jars, boxes, pouches, and more.

The global security labels market has been segmented on the basis of product type, material, applications, and end-users. Barcode labels hold the maximum share in the global security labels market, which can be attributed to their extensive usage in food as well as retail packaging. Security labels can be manufactured using materials such as paper, plastic, and foils. All kinds of primary packaging formats use security labels to add security features to the packaging. Boxes & cartons remain the most prominent application for the security labels market.

Application of Security Labels in Tracking, Tracing, and Inventory Management

Tracking and tracing of shipments have always been a challenge for the manufacturers. Conventionally, the tracking process required manual feeding of data into the system, which proved to be inefficient for bulk shipments. With the advent of security labels such as QR codes and barcodes, all the information could be stored in very less space in the form of codes. These codes could be read later by the software to know all the product information. The usage of security labels has made tracking, tracing, and storing very smooth and error free.

RFID Labels Gaining Traction in the Security Labels Market

Healthcare and pharmaceutical sectors have become one of the major consumers of security labels, more specifically, RFID labels and tags. RFID labels are being used for patient tracking, medication control, surgery management, and more. Moreover, with rising concerns about tamper-evidence and counterfeiting, the demand for security labels in pharmaceutical packaging has risen meteorically. The manufacturers of pharmaceuticals and medical devices are more concerned about protecting their brand image. The use of security labels has enabled them to incorporate drug safety along without any significant increase in the operational cost.

With the increasing stringency in regulations of food packaging, manufacturers are employing various ways to ensure tamper-evidence. This has resulted in hiked demand for security labels in the food & beverage packaging market. Along with this, RFID labels, when coupled with sensors, can measure freshness and quality of the packaged food. This has increased the applications of security labels in fresh food as well as meat packaging solutions.

Holographic Labels: Adding Visual Appeal Along with Security Features to the Packaging

Apart from being aesthetically appealing, holographic labels also add functionality to the packaging. These security labels protect the products from counterfeiting. The unique embossing designs present on the label help the customers in recognizing the authentic product among all products. Furthermore, the holographic label cannot be removed without damaging the substrate surface, which leads to added security. These features coupled with low cost, have led to an increased usage of holographic labels as security labels in everyday labeling applications.

Recent Developments in the Global Security Labels Market

  • Identiv Inc., a global supplier of a wide range of security solutions, launched tamper-proof RFID labels in the year 2018. These security labels can be used for the apparel industry, pharmaceuticals, perishable food products, and more.

  • Covectra, an authentication and track & trace technology services provider, has launched its StellaGUARD security labels range. These security labels are embedded with a unique star pattern which enables real-time authentication by using mobile applications.

  • In April 2017, CCL Industries, a leading manufacturer of specialty & security labels and packaging solutions, has completed the acquisition of two European online digital printing and direct-to-consumer businesses for its Avery division. This acquisition is expected to cause a significant increase in the European security labels market.

  • In September 2016, UPM Raflatac, one of the leading producers of labels, expanded its security labels range in the European market. This range includes new ultra-destructible (UD) film labels. These film-based security labels are expected to aid the company in meeting the growing demand for security features for pharmaceutical and food & beverages applications.

By application type, the bottles & jars segment of the security labels market was valued at approximately US$ 4.7 Bnin the year 2017. The paper segment is anticipated to be the most rewarding segment in the global security labels market

Security Labels Market Competitive Landscape

Detailed profiles of companies are also included in the security labels marketreport to evaluate their strategies, key product offerings, and SWOT analysis along with the recent developments. The key players in the global security labels market are 3M Company, Avery Dennison Corporation, CCL Industries Inc., Honeywell International Inc., UPM Raflatac, Inc., OpSec Security, Inc., Tesa SE, Brady Corporation, Covectra, Inc., and Mega Fortris (Malaysia) Sdn. Bhd. Many local and unrecognized players are expected to contribute to the global security labels market during 2018-2027.

In this report, FMI offers a 9-year forecast of the global security labels market between 2018 and 2027. In terms of value, the security labels market is forecast to expand at a CAGR of 1.2%. The study reveals the market dynamics in six geographic segments along with a market analysis for the current security labels market environment and future scenario over the forecast period.

Report Description

This FMI report studies the global security labels market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends pertaining to the global security labels market that gradually help transform global businesses.

The security labels market numbers have been assessed by carefully scrutinizing the production of security labels,in all the six key regions for the current year, as well as the historical performance of the security labels market. Market size and forecast for each segment in the security labels market have been provided in the context of regional markets. All the segmentation for security labels has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The security labels market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study on the security labels market. Secondary sources for data on security labels trade include Factiva, various label associations, as well as company annual reports & publications. Detailed trade data has been provided to assess the global security labels market supply/demand scenario.

The global security labels market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of security labels and the market segmentation describing the scope of the study. This is to outline the significance of security labels as a product, and the impact of their market growth on the industry.

A Porter’s Analysis section ensures a thorough understanding of the level of competition in the security labels market. Porter’s Analysis for the global security labels market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global security labels market, which includes FMI analysis of market drivers, restraints, trends, and opportunities that are affecting the growth of the security labels market.

The product type considered in the security labels market study includes holographic, barcode, RFID, NFC tags, and others including (QR code etc.). Of these, the barcode segment accounts for the major share of the global security labels market.

On the basis of material, the security labels market has been segmented into plastic, foil, and paper. Of these, the plastic segment is anticipated to grow at a healthy CAGR in the global security labels market.

The application type considered in the security labels market study includes bottles & jars, boxes & cartons, bags & pouches, and other containers including IBCs, drums, etc. Of these, the boxes & cartons segment accounts for the major share in the global security labels market.

On the basis of end-use, the global security labels market has been segmented into food & beverages packaging, healthcare packaging, chemicals & fertilizers, electrical & electronics packaging, personal care & cosmetics packaging, and others. The food & beverage packaging segment in the global security labels market is expected to heavily dominate the market during the forecast period.

The next section of the report highlights the security labels market by region and provides the market outlook for 2018–2027. The report evaluates the present scenario and growth prospects of the regional security labels market for 2018–2027. The next section of the report highlights the security labels market by region and provides the market outlook for 2018–2027. The study investigates the regional year-on-year (Y-o-Y) growth of the security labels market. Key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific excluding Japan, the Middle East & Africa (MEA) region, and Japan. The report evaluates the present scenario and growth prospects of the regional security labels market for 2018–2027.

To ascertain the market size in terms of value and volume, the revenue generated by the key manufacturers of security labels and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value across the security labels market. In order to provide an accurate forecast, we started by sizing up the current market, which formed the basis of how the security labels market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis, based on supply side, downstream industry demand for security labels, and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the security labels market and identify the right opportunities for players.

To understand the key growth segments in terms of growth and adoption of security labels globally, in the final section of the report, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total security labels market. Moreover, it is primarily designed to provide clients with an objective and exhaustive list of manufacturers in the security labels market. Detailed comparative assessment of key providers specific to a segment in the security labels market is also included in the report. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors in the security labels market.

The key manufacturers in the security labels market profiled in this report include– 3M Company, Avery Dennison Corporation, CCL Industries Inc., Honeywell International Inc., UPM Raflatac, Inc., OpSec Security, Inc., Tesa SE, Brady Corporation, Covectra, Inc., and Mega Fortris (Malaysia) Sdn. Bhd. Many local and unrecognized players are expected to contribute to the global security labels market during 2018-27.

Key Segments Covered in the Security Labels Market

  • By Product Type

    • Holographic

    • Barcode

    • RFID

    • NFC Tags

    • Others (QR Code, etc.)

  • By Material

    • Plastic

    • Foil

    • Paper

  • By Application Type

    • Bottles & Jars

    • Boxes & Cartons

    • Bags & Pouches

    • Other Containers (IBCs, Drums, etc.)

  • By End Use

    • Food & Beverages Packaging

    • Healthcare Packaging

    • Chemicals & Fertilizers Packaging

    • Electrical & Electronics Packaging

    • Personal Care & Cosmetics Packaging

    • Other Packaging (Homecare, etc.)

Key Regions Covered in the Security Labels Market

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • Spain

    • France

    • Italy

    • Rest Of Europe

  • Japan

  • Asia Pacific Excluding Japan (APEJ)

    • China

    • India

    • ASEAN Countries

    • AUS & NZ

    • Rest of APEJ

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Northern Africa

    • Rest of MEA

Security Labels Market Reports - Table of Contents

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