The Global Industrial Labels market is accounted for $44.2 billion in 2014 and is expected to reach $76.7 billion by 2022 growing at a CAGR of 7.1% during the forecast period 2014 - 2022.
Growing urban population, increasing production and use of consumer durable goods, growing e-commerce industry and fast industrialization and urbanization in rising economies are some of the key factors driving the market growth. Rise in raw material cost is the key restraint hampering the market. New destinations for expansions and appearance of new product developments are the major market opportunities. Manipulating customer-specific industrial labels is the key challenge faced by the market.
The transportation & logistics industry is expected to contribute the major share in the industrial labels market. Warning labels have witnessed maximum consumption in the industrial labels market due to its highest utility in the customer durables, automotives, and construction industries.
The key players in the market include, Silgan Holdings, Inc., E.I. Du Pont De Nemours and Co., Sealed Air Corporation, Coveris Holdings S.A, DS Smith PLC, Amcor Limited, Mondi PLC, Rocktenn Company, International Paper Company and Bemis Company, Inc. <
Editor : Big market research, Published Date : Nov-2015, No of Pages : 152, Single user $ 4 150.