About Security Labels
Security labels are a way to mark sensitive or confidential information with a specific classification level. This helps to ensure that the information is only accessed by authorized personnel. Security labels are often used in conjunction with access control systems to restrict access to sensitive data. Security labels house a small receiver within an adhesive sticker that can easily be affixed to products. This receiver remains in constant communication with an EAS antenna, and when that label comes too close, an alarm sounds, alerting staff that an item is passing through the entryway. The main factor driving the growth in demand for security labels is the expansion of the food and beverage industry, which is fuelled by the rise in packaged product demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Security Labels market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avery Dennison (United States), Brady Corporation (United States), CCL Industries (Canada), Checkpoint Systems (United States), Graphic Packaging (United States), Innovia Films (United Kingdom), Intertape Polymer Group (Canada), Label Solutions (United States), Linpac Packaging (United Kingdom) and Multi-Color Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mühlbauer Technologies GmbH (Germany), Nashua Label (United States), Neill Industries (United Kingdom) and Paragon Group (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Security Labels market by Type (Barcode, Holographic, Electronic Article Surveillance and Other) and Region.
On the basis of geography, the market of Security Labels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By End Use Industry, the sub-segment i.e. Pharmaceuticals & Healthcare will boost the Security Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Material, the sub-segment i.e. Plastic will boost the Security Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Application, the sub-segment i.e. Bottles will boost the Security Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Demand of Barcode type Security Label
Market Growth Drivers:
Rising Consumption of Packaged Food & Beverages and Growing Demand for Sustainable Packaging are Driver for the Market Growth
Challenges:
Variability in Material Quality can Impact on Product Quality and Security Labels can be Expensive, which can Make them Prohibitive for Some Businesses
Restraints:
Counterfeiting is a Major Problem for the Security Labels Industry, as it can Damage the Reputation of Brands and Fluctuation in the Prices of Raw Materials
Opportunities:
The Growing E-commerce Industry Present a Significant Opportunity for Security Label and Increasing Focused on Development of Eco-friendly, Biodegradable type Security Label
Market Leaders and their expansionary development strategies
In October 2023, Nashua Label Inc. announced the launch of a new sustainable security label made from recycled materials. The new label is designed to meet the growing demand for eco-friendly products while maintaining the high levels of security required for sensitive applications. The successful launch of these security label will help Nashua Label Inc. to maintain its position as a leader in this competitive market.
In October 2023, Avery Dennison Corporation announced plans to acquire CCL Industries Inc. The deal would create a global leader in intelligent labels and packaging solutions, combining Avery Dennison's expertise in radio frequency identification (RFID) and smart tags with CCL's strength in pressure-sensitive adhesives and flexible packaging. The objective of this acquisition is to expanding presence in the security label market and enhancing portfolio
Key Target Audience
End User, Government Bodies, Suppliers & Distributors, Research Organization, New Entrances and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.