Security Labels Market size is valued at USD 28,400.0 million in 2021 and is expected to reach a value of USD 40,497.5 million by 2028, growing at a CAGR of 5.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the security labels market and that can be segmented by product type, material, pattern type, application, end user and type. By product type, the security labels market has been segmented into barcode, holographic labels, RFIDs, EAS, NFC, others), material (plastic, polyester, vinyl, PP, foam (EPS), foil, paper, and others. The barcode segment is likely to be the largest and fastest-growing segment in terms of product type. Based on material, the security labels market is segmented into plastic, polyester, vinyl, PP. foam (EPS), foil, paper, and others. Among these, the plastic segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of pattern type, the market is segregated into VOID, checkboard, destructible, others customized patterns. The checkboard held a considerable market share during the forecast period. By application, the market is segregated into bottles & jars, boxes & cartons, bags & pouches, and other containers (IBC’s, drums etc.). Boxes & cartons segment held considerable market share during the estimated period.
Based on end user, the security labels market is segmented into the food & beverages industry, healthcare & pharmaceutical industry, chemicals & fertilizers industry, electrical & electronics industry, personal care & cosmetics industry, and others (home care, etc.). Among these, the food & beverages industry segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of type, the market is segregated into branding, identification, and informative. The identification held a considerable market share during the forecast period.
In July 2021, All4Labels and Etichettificio Dany collaborated to distribute the pressure-sensitive labels in Italy. Through this, All4Labels Global Packaging Group keeps up its strategy for international expansion.